Domestic, foreign supplier delays for small US businesses dips in 2023
09 Oct 23 1 min read
Insights
- Small US businesses reported domestic supplier delays dropped from 36.1 per cent in April last year to 14.5 per cent in July 2023, according to the US Census Bureau's economic indicators division.
- Foreign supplier delays also dropped significantly to 4.3 per cent from 13 per cent in July 2022.
- Since then, supply chain issues have declined significantly.
According to the Business Trends and Outlook Survey (BTOS), 13 per cent of small businesses cited foreign supplier delays in July 2022.
Since then, the BTOS found that supply chain issues have declined significantly, Keith Savage, a statistician in the division, wrote on its website.
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The survey showed that in August 2020, 29.4 per cent of small businesses reported experiencing domestic supplier delays while 10 per cent said they were having foreign supplier delays.
By May 2021, domestic supplier delays had significantly increased to 35.8 per cent.
Fibre2Fashion News Desk (DS)
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