Adapting technical support to fulfill the obstacle
As COVID-19 relocations from a health crisis to a recession, we are trying to expect how little services around the world will weather this storm and where we need to focus our efforts.
LCGC deals with micro, small and medium-sized business (MSMEs), mainly in the establishing world. The common small company we work with employs between 10 and 20 people, is close to or is currently export-ready, and wishes to grow globally. These MSMEs represent 60% -70% of tasks in developing countries and around half of economic activity ¹. Furthermore, they tend to utilize young people and females.
It is still prematurely to approximate how deeply the pandemic will affect our core constituency. Small companies are already or will quickly deal with a liquidity crisis, which might eliminate entire segments of the economy. In the next few months, they will face a series of difficulties that will depend, to a big degree, on how policymakers react to the crisis today.
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