Middle market business leaders seem optimistic about their own growth as they head into the second half of 2022. However, many continue to monitor increasing challenges such as worker shortages, rising labor costs, inflation, and global discord.
Chubb has collaborated with the National Center for the Middle Market since 2019 to uncover key trends and relevant opportunities for the middle market. This year, we surveyed 1,000 executives of middle market companies for the 2022 Mid-year Middle Market Indicator report, which reveals the sector’s performance post-pandemic.
These groundbreaking insights not only help middle market business owners anticipate and prepare for evolving risks such as supply chain disruption and replacement costs, the findings can also help them take advantage of forecasted business trends.
Some of the key findings include:
- 65% expected gross revenue to increase last year (Q2), but this year the percentage is just 57%.
- 2 in 5 companies have been negatively impacted by inflation – mainly due to increased wages and higher prices for fuel and raw materials.
- As a result, nearly three-quarters of Middle Market companies will consider increasing coverage amounts to compensate for inflation.
Insights & Resources
We keep you informed – and your business protected – with these helpful articles.
