Mood Turning Sour for Swiss SMEs Due to Numerous Crises
Published: Wednesday, Sep 13th 2023, 09:09
Actualizado el: Viernes, Oct 13th 2023, 14:12
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Swiss SMEs have been optimistic for the past three years, but now the mood is beginning to shift. According to the Raiffeisen KMU-Mittelstandstudie, only 63% of surveyed SMEs now rate their economic situation as good, compared to 73% last year. Looking to the future, 62% of SMEs expect a good to very good economic development over the next three years, down from 76% in 2021. Financial expectations have also been dampened, with only half of companies expecting rising revenues this year, compared to 63% last year. The main challenges facing SMEs are the skills shortage, rising costs of raw materials and energy, and the increasing digitalisation. To increase their resilience to these issues, 49% of SMEs have integrated strategies to strengthen their resilience, while 27% are working on it. However, only 19% feel well prepared for the skills shortage, and 20-23% for price increases and access to raw materials and energy. Overall, the stability of the Swiss location is still important to 86% of SMEs, and the government is expected to play a role in ensuring this stability, particularly in terms of Switzerland's relationship with the EU.nnnnnnnnnnnnnnnnnnnnnnnnnn
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