The key for more successful SMEs in Latin America

The pandemic has hit all types of businesses. Although transnational corporations have more resources to face the crisis that has hit the world from the pandemic, for small and medium-sized companies (SMEs) it’s a very different story. The problem becomes even worse when looking at the economic and social importance of SMEs in the region. According to data from the Economic Commission for Latin America and the Caribbean (ECLAC), they represent 99 percent of all companies and create 67 percent of jobs in the region. However, there are many SMEs that have not only weathered the crisis, but have also rebounded in their sales, according to the Export Competitiveness Index carried out by logistics company FedEx. The study surveyed owners, […]