Rising costs batter small businesses from all sides
- On April 21, 2022
- By GrowthInvest Marketing
Entrepreneurs are facing inflationary pressures including surges in the price of energy and higher distribution charges
Just as businesses are recovering from the Covid-19 pandemic they face a fresh crisis: soaring prices in everything from energy to packaging and a squeezed customer base with little appetite or ability to absorb further costs as it copes with the soaring cost of living.
Small and independent businesses often find themselves particularly exposed to inflationary pressures since they do not have the economies of scale nor the broad supply chains of their larger counterparts to mitigate the problems.
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