Mexican companies are at risk 

The word adapt is the one that defines the world amid the COVID-19 pandemic and that one that will characterize society once it overcomes the health emergency . People, governments, and companies will have to change what was normal barely three months ago.

The novel coronavirus altered everyday life at all levels and it has had a devastating effect on the economic sector linked to entertainment, tourism, transport, and restaurants.

Information released by the Bank of Mexico indicates that in three months, at least 7,850 companies were no longer registered at the IMSS and over 1 million formal jobs were lost between March and May. Moreover, a survey carried out by INEGI shows that almost 12 million Mexicans exited the labor market in April.

In times of the “new normal,” the companies that survive will have to adopt structural changes to survive.

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Furthermore, the Banxico analysis anticipates that the most visible changes will take place in consumption patterns and the use of alternative selling channels; however, it will inhibit the creation of new jobs and will halt potential entrepreneurs . In the face of possible COVID-19 outbreaks and a second epidemic wave, there are no incentives to start a business.

The economic recovery will be slow and some experts have warned that it will take between three and four years to return to the pre-pandemic stage. The support the government will give to the business sector will likely result in a more immediate economic dynamism . The first evaluations of the strategies implemented by each country will be available in a few months.

Meanwhile, the new reality is setting in throughout the world while Mexico tries to push for the reopening of the country despite registering record-breaking contagion and death numbers.

Moreover, the country has set its efforts on certain social groups but abandoned the business sector, even when the sector is mostly formed by micro, small, and medium-sized enterprises .

No resources will be enough but the wrong distribution strategy will cause irreversible damage in the production plant , a very high price to pay for Mexico. It just requires some sensitivity.

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