Inflation fallout a long-term concern for 87% of U.S. companies

Published 2:43 pm Wednesday, July 20, 2022

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With rates higher than they have been in decades, 92% of U.S. companies report inflation is affecting their business in some capacity with 87% adding that this hardship will impact their operations for years to come.

This is according to a recent survey from The Harris Poll commissioned by Express Employment Professionals.

In response to the high inflation rate, 40% of companies have raised prices, 39% have absorbed some of the additional costs, 27% have adopted new technology to automate processes, 24% have reduced transportation and 18% have outsourced a portion of their work.

Looking to the future, the 87% of U.S. businesses that predict inflation fallout is here to stay say this will be in the form of increased prices of goods and services (43%), increased wages (38%), increased taxes (35%), increased interest rates (31%) and decreased sales or revenue (24%).

And with perhaps more dire concerns, 47% of U.S. hiring decision-makers agree or strongly agree with the sentiment that their company won’t be able to survive much longer if wages/costs continue to increase so quickly.

For more information about this topic and the survey methodology, visit


William H. “Bill” Stoller is chairman and chief executive officer of Express Employment
International. Express Employment Professionals serves the River Parishes from its Gonzales location. The organization is a member of the LaPlace Branch of Business 2 Business and the River Region Chamber of Commerce.