What are the solutions for this moment?
Posted: Wed Jan 22, 2025 10:47 am
Economists have opinions that are aligned with the measures that are being taken. According to Bologna, it is necessary to protect the company's resources. In this sense, both the health of employees and cash flow must be preserved. It is also necessary to review the costs that are necessary to sustain companies.
Fonseca highlights the need to use whatever is available when it comes to loans. So, if there is the possibility of accessing lines of credit, this is the time. You also need to be careful to avoid default . To do this, the ideal is to cambodia phone number list to suppliers about the situation and negotiate extensions and renegotiations of contracts.
Finally, the need to reduce expenses was highlighted, including by laying off employees. It is a difficult situation, but layoffs will need to be made so that costs affect the business as little as possible. In fact, some companies may use the strategy of carrying out mergers to strengthen the business.
Throughout this article, we have discussed the main financial impacts of the coronavirus. We have highlighted how the effects of this pandemic go beyond health and will affect other important sectors of our society, such as the economy.
It is a fact that, with the decrease in the circulation of people, businesses will be affected and this will cause a contraction in the economy. The consequences could last for years, involving the loss of millions of jobs and even the closure of companies. But this crisis will pass, just as others have passed, and companies will be able to devise strategies to recover.
Did you find it interesting to learn about the financial impacts of the coronavirus? Do you want to stay up to date on topics like this? Then subscribe to our newsletter!
Fonseca highlights the need to use whatever is available when it comes to loans. So, if there is the possibility of accessing lines of credit, this is the time. You also need to be careful to avoid default . To do this, the ideal is to cambodia phone number list to suppliers about the situation and negotiate extensions and renegotiations of contracts.
Finally, the need to reduce expenses was highlighted, including by laying off employees. It is a difficult situation, but layoffs will need to be made so that costs affect the business as little as possible. In fact, some companies may use the strategy of carrying out mergers to strengthen the business.
Throughout this article, we have discussed the main financial impacts of the coronavirus. We have highlighted how the effects of this pandemic go beyond health and will affect other important sectors of our society, such as the economy.
It is a fact that, with the decrease in the circulation of people, businesses will be affected and this will cause a contraction in the economy. The consequences could last for years, involving the loss of millions of jobs and even the closure of companies. But this crisis will pass, just as others have passed, and companies will be able to devise strategies to recover.
Did you find it interesting to learn about the financial impacts of the coronavirus? Do you want to stay up to date on topics like this? Then subscribe to our newsletter!