The global pandemic pushed many shaky companies over the edge into bankruptcy, but some of them will emerge stronger and more profitable in the long run as a result.
Asking where the largest companies in the world are located and where the biggest bankruptcies of 2020 have taken place will give, quite unsurprisingly, the same answer. Due to Covid-19, the US economy suffered its most severe contraction in more than a decade. As a consequence of social distancing measures, lockdowns and travel restrictions, many companies found themselves losing customers or unable to operate. Businesses headquartered in other countries but with a large chunk of their operations in the US suffered equally.
Yet, when one looks at the top 10 bankruptcies filed this year, it becomes clear that these businesses were struggling long before the pandemic hit. For all…
