Following a review of business payments and cash flow, the government has found that small and medium-sized enterprises (SMEs) were owed on average £22,000 in late payments in 2022.
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UK beverage manufacturers are now holding more than double the amount of stock compared to pre-pandemic levels, as delays and shortages take an increasing toll on the global supply chain.
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Supply chain issues and increasing costs have impacted small and medium enterprises (SMEs) across the country with four out of five (79%) revealing they have faced increased prices from suppliers over the past six months.
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Harpers will be joined by some of the giants of the marketing world next week for a deep dive into how SMEs can make branding and communication budgets go further.
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New research has estimated that small hospitality businesses operating in food and drink will on average lose £21,586 in lost work, earnings and loan repayments as a result of Covid-19.
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