Most SMEs expect milder 4th wave of pandemic - K&H survey
Some 76% of micro-, small and medium-sized businesses expect a milder wave of the pandemic in the remaining part of the year than in the spring and one-third do not reckon with another wave at all in its business plans, K&H Bank said on Wednesday, based on the results of a survey conducted in May-June 2021.
The survey found that four out of five companies have already reached their pre-crisis level of operation or are almost there. About 85% of agricultural businesses have already recovered while 22% of commercial and service companies are still in the early stages of restarting or cannot see when they can reach their pre-crisis performance.
They found that sales have been restructured the most over the past one and a half years, with 45% of SMEs reporting that they modified their processes. A similarly high percentage of companies had to reorganize production and 41% of interviewees said employment had also been transformed by the pandemic.
K&H Bank surveys 400 companies with annual revenue of under HUF 2 billion.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.