Survey Highlights Post-Pandemic Challenges

Feb 27, 2023

Source: SC SBDC

The United States has experienced consistent and steady economic recovery following the COVID-19 recession that took place during the Spring of 2020. Yet 2022 brought with it a new set of challenges. To specifically identify issues faced by businesses in the aftermath of the COVID-19 pandemic, the South Carolina Small Business Development Centers (SC SBDC) surveyed clients and partner organizations. 

Of the 853 survey responses received, most businesses considered hiring & retaining qualified staff and reaching customers/growing sales their largest operational challenges. Ensuring the health/safety of customers or employees and complying with government regulations were considered the least challenging.

Selected Key Findings:

Despite these challenges, most survey respondents are optimistic about 2023. Nearly 60 percent of all business respondents expect revenues to increase over the next twelve months, while about 43 percent expect to increase their employment levels.

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