Walking a Tightrope Without a Safety Net
Download a PDF of this articleLatin American corporates trying to cross through the pandemic: businesses face a double burden amid the pandemic.
With economic activity paused and revenues significantly down across most industries, many companies are fighting to survive. At the same time, they are facing unprecedented demands from increasingly vocal stakeholders: preserve jobs, keep up fiscal commitments, support the communities where they operate and solve unprecedented challenges across the entire value chain. Getting through the next months and making it back to safe ground will require a remarkable balancing act.
This challenge is particularly daunting in Latin America. Companies in the region had been used to responding to a narrower stakeholder universe that presented less demands. They also face far lower possibilities for fiscal relief and government bailouts. To cross through the pandemic, Latin American corporates will have to walk a tightrope, without a safety net to protect them from a fall.