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America Counts: Stories Behind the Numbers
Tracking Supply Disruptions, Impact of Inflation on Small Business
The volatile and complex nature of the challenges businesses faced during the Covid-19 pandemic presented multiple dilemmas for business owners, but two challenges emerged as paramount: supply chain disruptions and inflation, which started to rise in the spring of 2021 and quickly became a top economic concern.
As the pandemic forced many into isolation, demand for goods and services ebbed and surged in what proved to be a shock to supply chains around the world. While ports bottled up, truck driver shortages worsened and companies struggled to get the raw materials needed to meet demand. Small businesses in particular felt the strain across the United States.
As interest rates rose, inflation eventually started to cool but remained an issue and the U.S. Census Bureau has been tracking the impact on businesses through two near real-time surveys: the most recent, the Business Trends and Outlook Survey, and its predecessor, the Small Business Pulse Survey (SBPS).
Continue reading to learn more about:
- The Business Trends and Outlook Survey (BTOS)
- The Small Business Pulse Survey (SBPS)
- BTOS and inflation
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Business Trends and Outlook Survey: New Light on Business Health
The Business Trends and Outlook Survey is the successor to and builds upon the Census Bureau’s Small Business Pulse Survey, which was created in response to the Coronavirus pandemic.
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