Regional Business News

Big retailers like Walmart are investing in and partnering with tech startups to discover drone product deliveries to “store-hailing” platforms to maintain step with consumers’ changing calls for. Now, many of the tech options being pioneered by major retailers will ultimately be supplied to smaller businesses by third-party, native providers. Read extra on the retail tech trends poised to take off this yr here. Nearly 30% of survey respondents say they are very involved concerning the impression rising charges will have on their business. To combat inflation, 67% of small businesses surveyed have raised costs, and 41% reported having to lower their workers or take out a mortgage. Small companies across each sector, together with manufacturing (41%), companies (35%), retail (32%) and skilled companies (29%) industries, all cited inflation as the top challenge for small businesses.

The disaster additionally fueled the rise of remote work, which led to individuals investing …