56% of SMEs in Mexico belief that they’ll be capable to keep operations for the following six months, says the World Report on the state of Small Companies on Fb.
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As a part of its efforts to assist SMEs, Fb introduced the most recent installment of its World Report on the State of Small Companies, a survey performed in February 2021 of 35,000 SMEs all over the world to find out how the restrictions imposed to manage The pandemic impacted their operations, their revenue, their workforce and even their medium-term plans.
Fb is dedicated to supporting SMEs on the street to financial restoration by making related and actionable info accessible to firms, organizations, authorities companies and most of the people to search out options that assist this essential sector of the financial system. That is along with the free instruments and coaching that Fb provides to SMEs to assist their digital transformation.
The 2021 version of this report research the persevering with results of the COVID-19 pandemic on SMEs. On this context, Fb analysis goals to supply insights and data that may facilitate significant assist for this essential sector.
Among the many major findings of the World Report on the State of Small Companies it was discovered that, in February 2021, globally 76% of SMEs have been working or collaborating in some income-generating exercise, in comparison with 75% registered in Mexico. Whereas in October 2020, in response to the final installment of final 12 months, the share reported in our nation was 86%.
In the meantime, in February 2021, 27% of SMEs globally decreased the variety of their staff, whereas in Mexico it did so 38%; proportion that in 2020 was increased with 42%.
As well as, 55% of the businesses surveyed globally reported a lower of their gross sales, in comparison with the identical month final 12 months. In Mexico the impression was much less, however appreciable with 48%; In October 2020, 64% of Mexican SMEs reported this discount in comparison with their gross sales in October 2019.
Alternatively, 51% of SMEs globally and 56% in Mexico reported trusting of their skill to proceed working for a minimum of six months if present circumstances persist.
Concerning future challenges, each globally and in Mexico, 19% of SMEs surveyed in February 2021 (33% in October 2020 in our nation) anticipated challenges associated to money circulation, whereas 24% foresee challenges associated to demand or lack of consumers.
Entrepreneurship and girls
Concerning the statistics that present the disproportionate impression amongst Mexican SMEs led by ladies, in comparison with these by males, it was noticed that:
- 73% of girls’s SMEs are in operations, in comparison with 76% led by males (84% versus 88% in October 2020)
- 52% of girls’s SMEs reported decrease gross sales in February 2021 in comparison with the identical month in 2020 (previous to the COVID-19 pandemic), in comparison with 48% of SMEs run by males.
Because the pandemic enters a brand new part with the discount of restrictive measures, it is very important perceive what are a very powerful challenges that SMEs face on the street to financial restoration.
The complete international report could be consulted right here .