- Yaakov Levhen
#SME #CEO How to avoid cash flow issues in current economic turmoil ?
From reduced sales to decline in turnover, a recent survey from #OECD highlights the increasing and severe concerns among SMEs all over the world caused by the pandemic.
Of 5800 small businesses surveyed in the United States, 75% indicate they have two months or less in cash in reserve.
Less than half of respondents indicate they are already temporarily closed.
European small businesses in Belgium, Portugal or in the UK have also experienced a drop in revenue or in production and have already made redundancies as indicate in this OECD's chart below.
To see the full OECD's survey click here
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