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COVID-19 has destroyed livelihoods and continues to do so around the world. The full implications of the pandemic are far from certain but it is clear that its economic consequences are dire. Sales leaders are taking care of their people and customers since that’s the top priority and also adjusting how to sell in the…
Tag: Covid-19
Challenges Faced by SMEs during COVID-19
According to the OECD Economic Outlook Interim Report March 2020, projections for annual global GDP growth for 2020 have dropped by half a percentage point to 2.4% due to the coronavirus outbreak. SMEs represent about 90% of businesses and more than 50% of employment worldwide. Formal SMEs contribute up to 40% of national income (GDP)…
