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Inflation Bites, Tariffs Sting—Can SaaS and Automation Keep SMBs Afloat?
Small businesses across the United States are grappling with the effects of tariffs imposed on imports, particularly from China, Canada, and Mexico. These tariffs have led to increased manufacturing costs, prompting many business owners to raise prices for consumers. The situation is exacerbated by rising inflation, with the consumer price index showing a significant increase, particularly in grocery prices. As small businesses face these challenges, they are likely to tighten IT spending and seek lower-cost solutions, viewing IT as an administrative cost rather than a revenue driver.
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