Booksellers, stationery, and other small and medium businesses have started to reopen after a long lockdown period. These small and medium businesses are considered the backbone of Italy.
The after-impact of Coronavirus will be tough for these businesses as the sales could take a long time to recover and get back to normal.
According to a report, these businesses generate approximately 66.9 percent of the overall non-financial business economy.
The employment generated by these businesses goes up to 78.1 percent. Especially, Micro-firms create a lot of jobs compared to other huge firms.
Further information regarding the small businesses in Italy:
Currently, these business owners are facing a considerable challenge because of the Coronavirus. Due to this, the economy of Italy estimated to slip down by 9.1 percent by the end of this year. This is because Italy has been the epicenter of this pandemic, 187,000 cases confirmed with the death toll of 25,000.
According to an owner of a cloth store, the tough and large business companies might survive this without facing an impact, but other small businesses might suffer badly.
Reopening the stores is not an easy task as the production of clothes and other products has stopped entirely.
Even though the lockdown lifted partially, the owners and employees of these businesses must strictly wear gloves and masks all the time.
The owner should implement social distancing even with the customer. The employees should purely initiate a staggered entrance and avoid direct contact with the customer.
Many of Italy’s small and medium businesses depend on tourists as Italy is a tourism country. But, as the flights and other modes of transportation have been banned, companies won’t expect much revenue for a while.