TAG: The Americas
Although the Americas was one of the last regions to be affected by the Covid-19 pandemic, strict government lockdowns forced companies to adapt to new ways of working in a matter of days at very short notice.
Although Peru entered the crisis in a strong fiscal position and deployed an aggressive stimulus programme to counter economic fallout, high case counts, stringent restrictions and infrastructure deficits weighed on public finances and health outcomes.
The petrochemical and logistics sectors have been some of the most exposed industries in Latin America and across the world during the past 13 months. Both critical to the region’s economies, they faced substantial headwinds in the early months of the pandemic, such as closed borders and strict measures on industrial operations.