As the world’s economy continues to be affected by a global recession, small and medium-sized enterprises (SMEs) face many challenges in staying afloat. Research reveals they are increasingly worried about the impact of the recession, with many being forced to lay off workers, reduce wages or even close down completely. Research calls on government to help ensure that SMEs remain part of the global economy and … [+] getty A recession can cause a decrease in consumer spending, which can result in lower sales for SMEs, exposing them to financial risk. This lack of capital can make it difficult for these businesses to cover expenses and maintain operations. Additionally, as larger companies tend to be better positioned to weather an economic downturn—according to research —SMEs may find themselves competing with more prominent companies for fewer resources in terms of financing, customers, employees and more. Michael Hundeshagen, CEO of Sumaoptix GmbH , observed, “the biggest challenge SMEs face in a recession is cash flow,” in an interview. However, he added, “Many times, larger companies have access to resources that SMEs cannot, such as large amounts of credit or financial assistance from the government. This can make it difficult for an […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
