Adapting technical support to fulfill the obstacle
As COVID-19 relocations from a health crisis to an economic crisis, we are trying to anticipate how small companies around the globe will weather this storm and where we need to focus our efforts.
LCGC deals with micro, little and medium-sized business (MSMEs), primarily in the developing world. The common small company we work with utilizes between 10 and 20 individuals, is close to or is already export-ready, and wishes to grow internationally. These MSMEs represent 60% -70% of tasks in developing nations and around half of economic activity ¹. Additionally, they tend to utilize young individuals and women.
It is still prematurely to approximate how deeply the pandemic will affect our core constituency. Little services are currently or will quickly deal with a liquidity crisis, which could clean out whole sectors of the economy. In the next couple of months, they will deal with a series of challenges that will depend, to a big degree, on how policymakers react to the crisis today.
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