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LATEST NEWS UPDATES | Most Enterprises Worldwide Lack Cash Flow During Pandemic: ILO

Most Enterprises Worldwide Lack Cash Flow During Pandemic: ILO

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published Published on Nov 28, 2020   modified Modified on Nov 28, 2020

-Newsclick.in

A majority of enterprises surveyed said they were finding it difficult to manage staff and operations, the ILO report says.

New Delhi: As the COVID-19 pandemic disrupts several economies worldwide, particularly India’s, a new report by the International Labour Organisation (ILO) says that the greatest challenge faced by businesses across the globe has been keeping up cash flow to manage operations and staff, tide over supplier disruptions and gaining access to raw materials.

In its report released on Friday, titled ‘A global survey of enterprises: Managing the business disruptions of COVID-19’, the ILO surveyed 4,530 organisations across 45 countries between July and September this year. The organisations were asked questions about continuing with operations, their financial health and pertaining to their workforce.

The report mentioned that more than 85% of the organisations surveyed reported that the COVID-19 pandemic had  “a high or medium financial impact on their operations.” It added that only close to 33% said that they had enough funds to recover from the economic impact brought about by the pandemic and that micro and small enterprises were among the most affected.

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Newsclick.in, 28 November, 2020, https://www.newsclick.in/Most-Enterprises-Worldwide-Lack-Cash-Flow-Pandemic-ILO


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