Inflation has been the biggest challenge of recent years for 77% entrepreneurs. Of these, as many as 44% rated its impact as 'very big'. This is the conclusion of the study 'Small, medium-sized companies - great challenges', carried out by the IQS research agency on behalf of the insurance company Wiener.
The second most frequently mentioned challenge was the increase in labor costs – their impact was felt by 70% companies. The same percentage of respondents also indicated fuel costs as a key factor influencing the condition of their company. 6 out of 10 owners companies also mentioned the pandemic and lockdown as the most important factors impact on their situation. 58% of the respondents also felt rising energy costs and electricity.
☞ Wiener's study shows that the effect of the crisis as many as 88% companies took various actions to protect themselves from the unfavourable economic situation. The largest number, 63% companies, had to increase the prices of their products and services. More than half of the Polish entrepreneurs reduced their investment spending. Every third started building a financial cushion. Some companies facing the crisis focused on increased development – 16% expanded its area of operations in Poland, 11% decided to expand abroad, and 13% moved part of its activities to the Internet.
More on the results of the survey is written by Infor.pl
23 May 2023. We invite you to read the full version:" Inflation the biggest blow to 77% Polish companies 
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