Tuesday, June 23, 2020

Which Global Small Businesses Are Most Vulnerable Right Now Due to COVID-19?

©iStock/ela brach
According to McKinsey & Company, before the crisis, small businesses accounted for nearly half of all private-sector jobs. Widespread business exits wreak longer-lasting unemployment and economic damage than temporary shutdowns do, so it’s important to understand which small businesses may remain shuttered permanently.

McKinsey & Company goes on to say that that knowledge can help business leaders and policy makers develop interventions to protect small businesses in the short term, ensure that they can participate in the recovery, and put more of them on a more resilient footing in the years to come.

Discover which sectors are most at risk, and which global small businesses might close permanently.

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