Análisis de la Situación Financiera de las Empresas Alimenticias en la Ciudad de Guayaquil Durante el COVID-19, Año 2020

Abstract

The food companies were affected in the productive and financial part by different limitations in the consumption of the products. The companies adapted to new economic challenges to continue operating in 2020 during the COVID-19 situation. They also accepted different negotiation plans to distribute their products to customers by which they managed to stay where others disappeared due to an unstable and uncertain market caused by the pandemic. Therefore, the general objective of this study was to analyze the financial situation of food companies in Guayaquil during COVID-19 in the year 2020. It was a qualitative approach that used financial instruments to examine the economic and financial circumstances of the companies where the interview technique, carried out with five experts, was applied. The conclusions indicated that the food companies decreased their sales due to the absence of customers and the different restrictions applied during the pandemic. It also highlighted that the financial indices showed that each food enterprise in 2020 presented a poor economic status, which led to the inability to meet its obligations. Consequently, due to these triggers, the improvement of financial plans was used as the principal strategy to preserve the liquidity and solvency of food companies.