Contingency features of manufacturing SMEs due to COVID effects. Southern Region of the State of Hidalgo, Mexico

Abstract

Small and medium-sized companies represent a dynamic sector in the economy of the countries, due to the generation of jobs and what this impacts on the various sectors. The crisis caused by the COVID-19 pandemic generated company closures and therefore the loss of employment of thousands of people, among other social and economic aspects. Mexico presents a complicated scenario, both at the health, economic and social levels. Faced with this uncertain and complex context, there is the argument of the so-called new normal where companies must change their structures, ways of relating, buying and selling, managing human talent and investments, in order to adapt to the new market, particularly digital, remote, fast-paced and changing to stay in the market. Thus, the objective of this work is to analyze the impact that the COVID-19 pandemic produced on SMEs in the state of Hidalgo. The findings show that the interruption of productive activities, the provision of inputs, the drop in demand, access to financing affected.