As retailers look ahead to the holiday selling season, e-commerce platform provider Volusion predicts that online sales during the holiday season will grow 9 percent compared to last year for small- to medium-sized businesses.
Small business vendors that frequently have to chase down larger clients to get paid might have reason to rejoice. According to a story in The Wall Street Journal, the White House has launched an initiative that will either speed payments to small suppliers or help them access "lower-cost capital."
Since David Friedfeld took over ClearVision Optical from his father in 1985, he's seen most eyewear manufacturing move overseas. The 120-employee company, based in Hauppauge, N.Y., is bringing a small piece of it back. Last year, Friedfeld purchased an entry-level 3D printer for just under $3,000. He still does the bulk of his manufacturing abroad, but he can now print eyeglass prototypes in-house.
More than a third of manufacturing firms in the small and mid-sized business (SMB) sector expect the economy to strengthen in the coming six months, while nearly half expect it to remain the same, according to the results of the second annual Sage Manufacturing Survey announced by Sage North America. Respondents also anticipate an increase in orders, production and exports.