Day: June 22, 2022

As small businesses weigh a potential U.S. recession, they continue to face economic hurdles such as inflation and supply chain disruptions. In the March 2022 Small Business Recovery Report, respondents reported increasing prices by an average of 21% across industries, largely due to increased costs from vendors (54%) and of raw materials (45%).

Inflation casts a grim shadow far and wide; there likely isn't a single business that has escaped its recent
advance—this is especially true for those relying on e-commerce sales.