Adjusting technical support to meet the obstacle
As COVID-19 moves from a health crisis to an economic crisis, we are trying to expect how little companies around the world will weather this storm and where we need to focus our efforts.
LCGC deals with micro, little and medium-sized business (MSMEs), mostly in the establishing world. The typical small company we work with uses between 10 and 20 people, is close to or is already export-ready, and desires to grow globally. These MSMEs represent 60% -70% of jobs in establishing countries and around half of financial activity ¹. Furthermore, they tend to utilize young individuals and ladies.
It is still prematurely to approximate how deeply the pandemic will affect our core constituency. Small companies are currently or will quickly deal with a liquidity crisis, which could erase entire segments of the economy. In the next couple of months, they will deal with a variety of difficulties that will depend, to a large degree, on how policymakers react to the crisis today.
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