SMBs Are Trapped in a Pressure Gap

©iStock/Giuseppe Ramos

Bookipi study finds that SMBs are feeling the squeeze from rising supplier costs, late payments, reduced demand, and fear of climbing prices.

Small businesses worldwide are facing a widening financial "pressure gap" due to global instability, according to a new global survey from Bookipi, a global platform offering a comprehensive suite of AI-powered business management tools tailored for small businesses (SMBs) and solopreneurs. 

Tariffs, inflation, geopolitical instability, and trade tensions are driving costs higher, making customers more cautious, delaying payments, and prompting small business owners to hesitate before raising prices to protect profits.

from The Global Small Business Blog https://ift.tt/EeimOIx