While Venezuela’s economic and political crisis has brought much unrest, there is still hope for the country to bounce back and recover. Many businesses remain open, and entrepreneurship is at an all-time high, thanks to the Internet and creative innovators. So which Venezuelan companies can help the country not only survive but also thrive?
Top 5 Businesses Still Thriving in Venezuela
These five industries, in particular, have remained resilient to government pressure and poor infrastructure:
- Internet Providers
Telecommunications have been hit again and again by regulations. However, since the COVID-19 pandemic has prompted people to rely more on the Internet, companies have begun to invest in the infrastructure sector to provide a more stable connection. Because more and more people are online shopping and working remotely, internet providers can target a broader audience.
2. Freelancing Industry
Many Venezuelan employees have turned to freelance over the last couple of years. Because of the poor state of the economy, those who can do their jobs remotely are becoming independent contractors for companies in developed countries like the US, Spain, and Italy.
Coworking spaces have also become increasingly popular in the country to help freelancers and company owners save money, making the freelancing industry grow exponentially.
3. Delivery Services
Transportation has always been a problematic industry in Venezuela because of the lack of gasoline, difficulty getting car parts, and strict regulations against accessing other currencies like the USD.
However, the virus brought an excellent opportunity for delivery service providers, allowing them to team up with various retailers. Having a delivery system is now crucial for every business and will be a popular option even after the pandemic is over.
4. Call Centers
Opening a call center in Venezuela is relatively easy since it is not as expensive as it is in other parts of Latin America, providing great opportunities for outside investors. Many English-speaking Venezuelans have benefited from this industry as well, and companies like Directv have opened call centers for dispatchers, customer support, sports betting, and more.
5. eCommerce
Due to the pandemic, businesses have begun to notice the importance of owning an online platform to connect with customers and increase sales. Thus, many businesses, from pharmaceutical companies to retail stores, are attempting to create a website, eCommerce apps, and more.
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