Showing posts with label SMB. Show all posts
Showing posts with label SMB. Show all posts

Wednesday, December 23, 2020

29% of SMBs report their company is at risk of going out of business due to COVID-19

29% of SMBs report their company is at risk of going out of business due to COVID-19 | #TpromoCom #COVID19 #Business #Financial | New research examines the shifting SMB landscape caused by COVID-19 and assesses new technological and communication needs http://bit.ly/3hcewC5

Recent research from Parks Associates’ New SMB Landscape: Devices, Communication, Security, Support reveals nearly 29% of SMBs report their company is at risk of going out of business due to COVID-19. The public health crisis and months of shelter-in-place orders have had a dramatic impact on SMBs in particular. New SMB Landscape: Devices, Communication, Security, Support, a primary study of US SMBs, provides insights on technology adoption and needs among SMB owners and IT personnel and examines the changes taking place as a result of reduced budgets and broad-scale shifts to work from home.

“SMBs at risk of going out of business are spending on technology products and services to transform their businesses to new conditions and overcome the existential challenges presented by the pandemic,” said Jennifer Kent, Senior Director, Parks Associates. “SMBs need their IT device vendors and service providers to be supportive and flexible, becoming trusted partners in pivoting their operations to new market realities.”

To read the remainder of this excellent report, click here!