The economic disruptions of the past year and a half caused small businesses to lose an average of 11 percent of their revenues. This was not the case for the globe’s big corporations, though. According to a McKinsey study of 5,500 “big, highly productive” U.S. and European companies, all surveyed firms reported that they experienced no declines in sales during the pandemic.
Although large companies had already been overtaking their smaller rivals before 2020, economists say that the pandemic widened Continue reading
