Nearly nine in 10 small- and medium-sized businesses feel they are in a better position now than a year ago: KPMG poll

Posted under: MSME
Date: 2023-10-13
Nearly nine in 10 small- and medium-sized businesses feel they are in a better position now than a year ago: KPMG poll

Canadian SMBs have adjusted strategies, leading to increased growth optimism, per KPMG's survey. Steps taken include enhanced operational efficiency, cost reduction, and investments in resilience, preparing businesses for potential recessionary impacts. However, emerging risks like cybersecurity threats, technology talent shortage, and climate challenges pose new concerns. The study urges heightened focus on cybersecurity investment, talent acquisition, and climate resilience strategies to sustain growth. The KPMG Private Enterpriseā„¢ Business Survey analyzed 700 Canadian companies, revealing insights for businesses to adapt to the evolving landscape. KPMG LLP, known for its Audit, Tax, and Advisory services, employs over 10,000 professionals across Canada, emphasizing values like integrity, excellence, and collaboration for positive transformation. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

Read more at: finance.yahoo.com