Defining a technological agenda that includes the development of online sales channels, digital marketing and improvement of processes and operations is essential for companies to meet the challenges they must overcome to compete in the new commercial reality.
Technology specialists agree that companies should focus on reinventing the role of technology in business.
As a result of the fast emergence of the new commercial reality, several business models that were profitable until the first quarter of 2020, are now obsolete, forcing business leaders to rethink strategies to survive in this new scenario.
The spread of covid-19 generated radical transformations in the markets for goods and services, in the ways people work, modified several consumption habits, and even changed some tastes and preferences.
Structural changes in world trade, consumer preference for living on the outskirts of cities and a growing demand for technological equipment to be able to work from home are some of the turns economies will experience in the new reality.
Most companies globally have been focused on understanding the new business environment, which derives from the change in the ways people relate to each other as a result of the covid-19 outbreak.
Analyzing the economic and financial situation of the company, implementing a resistance plan, identifying what products customers need and what opportunities can be exploited in this context, are some of the tips for businesses in the new and complex reality.
In response to the arrival of the covid-19 virus in the region, Central American economies have taken different measures, in scenarios ranging from severe mobility restrictions, as in Guatemala or Honduras, to others that are less strict but equally negative for economic activity, as in Costa Rica.
Recruiting the best staff to operate the points of sale and reducing the costs of the initial investments to set up a franchise are some of the challenges faced by franchisers, who expect better sales in 2020.
Access to financing, containment of operating costs, and maintaining profitability levels are other issues of concern to franchisors in Guatemala.
Technology and tools for analyzing large volumes of information used by large corporations to make business decisions are also available to businessmen and small companies.
Finding the best location for a new sales point, finding the areas where potential customers move and analyzing their purchasing power and their behavior as consumers are just some of the things that can be done today with the help of new technologies.
With the amendments to the Commercial Code, it is now possible to register a limited company on the Mercantile Registry site and registration of individual merchants will soon be available.
The changes to the regulations becameeffective at the end of January, and among the most important modifications were the reduction of initial capital for the creation of a company, going down from Q5 thousand ($681) to Q200 ($28).
With the entry into force of the reform of the Guatemalan Commercial Code, from today a company can be incorporated with $28.
The modifications that already apply were published in the Diario de Centroamérica on October 31, 2017. Among the most important changes is the reduction of initial capital for the creation of a company, going down from Q5 thousand ($681) to Q200 ($28).
The union of private companies has filed a complaint with the Public Ministry against the blockades made in recent days by the Rural Residents Development Committee.
From a statement issued by the Cacif:
Executives in the Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations (CACIF) filed a complaint with the Public Ministry (PM) against the blockades taking place to day by the Rural Residents Development Committee (Codeca).
In Guatemala, four bills are being prepared to facilitate registration of one-person companies, export and import of goods and to regulate bankruptcy of a company.
The goal of the National Competitiveness Program (Pronacom) is to implement a series of measures to help improve the country's deteriorating business climate, which, in addition to being affected by political problems, continues to face the serious problem of excessive bureaucracy.Pronacom is working on four bills that it plans to present next year.
Salvadoran industrialists claim that with the presidential veto of the administrative simplification law, the country has lost a valuable opportunity to improve the already deteriorated business climate.
EDITORIAL
With the veto of the Administrative Simplification Act, the Salvadoran government is sending a clear message to the business community and to society in general: There is no interest in paving the way for the private sector to generate more jobs and, consequently, more wealth and socioeconomic development.
With the reform of the Commerce Code approved by Congress the process has been simplified and costs reduced for inscribing a corporation, among other changes.
Main changes in the new Commercial Code:
- A business may be incorporated with ($28) Q200.Each shareholder must pay, at least, 25 percent of the nominal value of each share subscribed.
On November 12 Korean companies interested in the plastic sectors, renewable energy, construction and general industry will be meeting with Guatemalan businessmen.
The business conference will be held at the Crowne Plaza Hotel in Guatemala City and which include the participation of the companies Dongshin Hydraulics, Dae Jin Engineering, Dass Tech Industrial Greensolution and Soolim, among others.
The appointment as Minister of Economy and Competitiveness Commissioner of people linked to the telecommunications sector has created strong suspicions, and comes at a time when a $250 million deal is on the table.
An article in Plazapublica.com.gt reports that "... the appointment of Ricardo Sagastume and Acisclo Valladares Urruela as Minister of Economy and Presidential Commissioner for Competitiveness, respectively, in a government that is drowning under the weight of allegations of corruption, has generated doubts and suspicions. When everyone else is leaving the ship, they are getting ready to get onboard. With a lack of coherent explanations from the Presidency and the new officials themselves, everything points to Tigo, the telephone company from which both of them come from, and a multi million dollar business deal in its favor as a result of the troubled waters in which the country finds itself. "
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...