“Close to 60 per cent of enterprises surveyed experienced an increase in operational costs with the price of raw materials and logistics being the top two contributors to this increase.
The report also showed that one in three business enterprises surveyed indicated that they knew of businesses that had permanently closed due to operational challenges resulting from the pandemic. It said that in spite of reduced restrictions at the time of the interviews, 74 per cent of enterprises still reported a decrease in production levels when compared to the same time in 2019.
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