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Challenges and Opportunities after COVID-19

The pandemic did not arrive to end up with opportunities. Maybe you're not looking in the right place

 

At first glance, there is a negative scenario. The World Trade Organization (WTO) forecasts a reduction on global commerce between a 13% and a 31%. At the same time, the International Monetary Fund (IMF) expects a contraction on the global economy of a 3%.

 

The main causes:

  • Protectionist measures. Implemented by the governments as a support to their national industry.
  • The importing companies are reducing their suppliers and fixing their negotiation conditions.
  • Many customers face a reduction in their income. Therefore, they are changing their purchase criteria.

However, the situation has opened another series of opportunities. When having a closer look, there are places that still hold stability in their economies. 

In order to bring to light the less-affected by COVID-19, we should look at the countries that were more efficient to hold the pandemic.

 

In the European Union, members of East Europe such as Poland, Czech Republic and the Baltic countries have had very few cases of infection. Therefore, they have been able to continue with most of their normal activities and economy. 

 

Southeast Asia is another region that reflects excellent data. Countries such as Japan, South Korea, Taiwan and Singapore, have implemented strict but effective measures.

The world is a changing place, the opportunities do not disappear, but change place. Of course there are business ideas aiming to fix issues stemmed from the pandemic and that should focus around the most affected regions. Habrá ideas de negocio que claro, estén orientadas a solucionar las problemáticas derivadas de la pandemia ¡más oportunidades!

We invite you to think of how your business idea would enter into one of the mentioned markets!

 

Information obtained from:

WTO

El País

Oscar Perez

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