Over the past year, Covid-19 wreaked havoc on economies across the globe. Businesses worldwide suffered drastically, while small and medium-sized businesses took the biggest hit. The economic outlook is finally improving after a full year of instability, allowing most businesses to get back on their feet — but those same businesses will feel the effects of the Covid-19 pandemic for quite some time.
With any unexpected downturn in the economy, there’s a realization when business owners become aware of emergency procedures — procedures that should’ve been in place before the pandemic even hit. But how many businesses were prepared for a catastrophic event like Covid-19? And better yet, how many businesses will learn from this and generate an emergency plan for next time?