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Latin American countries are experiencing increased volatility with market declines and unstable exchange rates. Small businesses in these locations are taking a huge hit from the pandemic with economic restrictions resulting in a recession. While small businesses adapt to the changing climate, some have had to shut their doors. The most important thing we can do during these times is to shop local when possible and actively support community organizations and programs. To all the companies that
And while the impending recession will certainly have an impact on small businesses throughout the region, the outlook is far from grim. Medellin has emerged as a leader in the fight against COVID-19, providing cash payments and groceries to the most economically vulnerable and using big data to track cases and perform targeted testing, keeping the medical system from being overwhelmed and the number of cases significantly lower than other parts of the country.
In Medellin, and Colombia more broadly, communities and businesses are stepping up to the task of bolstering the economy as restrictions ease and sectors get back to business. Outsourcing, which has grown in past years, seems to be one of the more robust industries and leaders in this area are predicting minimal losses in the coming months and some are even hoping for growth in virtual delivery.
Headquartered in Medellin, PSL Corp. operates at the intersection of drive, quality, and innovation. As a purpose-led organization, we strive to positively impact our communities, clients, and employees. PSL Corp is a community of over 600+ people, and we are committed to driving change and growth within the local communities where we work. Beyond supporting different organizations and programs, we believe that the promotion and development of talent in the tech industry can have a profound impact, not only on individuals as they create greater opportunities for themselves but also for their communities.
As COVID-19 changes the current landscape and shapes the future, we are hopeful that the number of opportunities available for more and more people to get involved in technology will increase, growing the population of people creating and implementing innovative and impactful solutions to some of the world's greatest problems.
Our goal is to help you achieve your technology vision by embodying a delivery-focused mindset supported by over 30 years of proven experience and nearshore proximity. With over 720 developers, our clients get access to nearshore teams committed to agile principles and a DevOps mindset. Like small businesses, we focus on building long-term partnerships and solving tough engineering challenges. At our core, we aim to make a positive impact on our clients, employees, communities, and the world through technology.
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