Small business owners struggle with several challenges, from financial constraints to team management, tight deadlines, and stiff competition. Supply chain bottlenecks and disruptions are also one of the most critical hindrances. According to July 2022 statistics, 36.1% of small businesses struggled with domestic supplier delays, while 13% cited delays by foreign suppliers.
Delays in sourcing materials, supplies, or inventory means missing out on deadlines and failing to match demand. You may even lose points on the customer experience front. Nearly 2 in 3 American small businesses faced supply chain issues amid the pandemic, and the problem persists for many enterprises.
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