Inflation isn’t the only major challenge that’s getting worse for businesses. New data shows supply chain hurdles are even more prevalent than they were a year ago. The end result? More upward pressure on prices. About 44.5% of small-business owners surveyed by the Census Bureau’s Small Business Pulse Survey in April said they had experienced domestic supplier delays, up from about 29.3% during the same time last year. About 19.2% experienced foreign supplier delays, up from about 12% during April 2021. About 22.5% of small-business owners had difficulties locating alternative domestic suppliers, up from about 13% during the same time last year.
Another challenge is getting worse for businesses. It’s fueling inflation.
June 24, 2022