In January, PNC Bank surveyed small business owners and half of them revealed they expect to raise their prices within the next six months, blaming the pandemic and supply chain woes. 36% expect price increases by 5% or more. A third of respondents said that supply chain issues have impacted their business, but 60% expected improvement in the next 6 months – but this survey was completed before the war between Russia and Ukraine began.
Read more here: https://www.ibtimes.com/over-50-small-business-owners-will-raise-prices-amid-record-inflation-3432821
The B2SMB Institute champions Small-Business-centric thinking and practice that insures those who develop and deliver products & services to SMBs are successful. By focusing on what reaches, engages, wins, keeps and grows SMB customers, the Institute addresses the challenges our Members confront on a daily basis.
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