Economy & Politics

The losers among the largest companies in the world

The Fortune Global 500 is a ranking of the largest companies in the world. The placement depends on the total turnover. The mere placement often doesn’t say much about the success or failure of a company in the past year. Because not every corporation can or wants to play in the league of front runner Walmart in terms of sales.

The comparison with the ranking in the previous year is more meaningful. It shows which companies started to soar in the financial year that ended March 31, 2020. The London-based finance and insurance company Prudential improved by 292 places to 80th place. The Fortune Global 500 also shows which companies have been downgraded as a result of a drop in sales.

These are some of the biggest and most famous losers among the world’s largest corporations.

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