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Small Businesses in the U.S. Report Inflation and Supply-Chain Difficulties

 03/19/2022

According to a March 18th release by the Bureau of Labor Statistics, the Small Business Pulse Survey conducted during early March highlighted difficulties that small businesses are experiencing in the current economy:-

  • 64% of U.S. retail small businesses experienced delays from suppliers during the past week
  • 57% of U.S. manufacturing small businesses experienced difficulties in obtaining supplies
  • 37% of U.S. suppliers of either food services or accommodation noted that they will require new options for supplies over the coming six months.
  • 23% of U.S. small businesses experienced difficulties in identifying new suppliers during the survey period
  • 40% of U.S. small businesses reported a large increase in prices they pay for goods and services

 

All of the data from respondents confirmed increases in the level of inflation and difficulty In sourcing products and services.

 

The ongoing war in Eastern Europe, especially as it has affected the cost of energy, will exacerbate both inflationary and supply-chain pressures on all U.S. enterprises including egg-production and the allied industry.