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Adapting technical support to fulfill the difficulty

As COVID-19 moves from a health crisis to an economic crisis, we are attempting to prepare for how small companies around the globe will weather this storm and where we require to focus our efforts.

LCGC works with micro, small and medium-sized business (MSMEs), mainly in the establishing world. The typical small company we deal with uses between 10 and 20 people, is close to or is currently export-ready, and desires to grow globally. These MSMEs represent 60% -70% of jobs in developing nations and around half of financial activity ¹. Additionally, they tend to utilize young individuals and females.

It is still prematurely to estimate how deeply the pandemic will affect our core constituency. Small companies are currently or will soon deal with a liquidity crisis, which could clean out entire sections of the economy. In the next few months, they will deal with a variety of obstacles that will depend, to a big degree, on how policymakers respond to the crisis today.

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