(1) Small- and medium-sized businesses (SMBs) typically do not have the resources or tools necessary to adapt to economic turbulence as easily as larger corporations. Many are cutting back their workforce and slowing down on hiring or stopping altogether, contributing to the economy’s downward trajectory.”Incredibly, 99.9% of U.S. businesses are small businesses. (7)For eCommerce SMBs, collaborative technology tools can increase operational efficiency by up to 130%. Small business statistics of 2023. 5 Ways Technology Can Benefit Your Small Business.

Source: Forbes June 19, 2023 16:21 UTC