Coronavirus outbreaks in the southern United States appear to be declining, but this does not mean that companies are losing guard.
The majority of small businesses nationwide say they are preparing for a resurgence of coronavirus. They snap up extra supplies to prevent shortages, update websites, increase e-commerce offerings and expand digital payment options. This is according to the latest and most recent poll on the effects of coronavirus on small businesses released Wednesday by the US Chamber of Commerce and MetLife. The online survey of approximately 500 U.S. business owners took place between July 9 and July 1
And that's if they can stay open. While several companies (86 percent) say they have opened their doors since the previous survey, which was conducted in late May, around 65 percent of companies are still worried about having to hide their business again if there is a new wave of Covid-19 .
These concerns and the prospects for lower revenue put limbo sales plans for some businesses. Nearly a quarter of respondents said they had fewer employees than they did before the pandemic. And among them, almost half say it can take anywhere from three months to a year before they return to pre-pandemic levels.
Still, they want to hire at least some people back. Thirty percent, compared to 23 percent in the previous survey, say they plan to hire more new employees over the next year than they did in the previous quarter. !