K&H: Domestic family-owned companies face challenges

By: Trademagazin Date: 2022. 10. 20. 11:49

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After successfully overcoming the uncertainties caused by the coronavirus and the Russian-Ukrainian conflict, the continuous rise in prices may now bring a change of attitude to domestic family-owned companies.

Family businesses face challenges

Inflation is already having an increasing impact on the planned results of companies through supplier prices and customer orders – the result of the latest K&H family companies research indicates. Family businesses that have been thinking long-term and keeping traditions in mind must therefore now prioritize rapid adaptation and change.

Inflation reached a 26-year high in September, and based on the third-quarter results of the K&H family companies research, this is an increasingly serious problem for domestic, family-owned companies. The K&H family companies research looked for the answer to what environmental factors most influence the operation and effectiveness of family companies. The latest third-quarter results show that supplier prices (including energy costs) are now the biggest driver of family businesses’ next year’s results. 54 percent of them indicated that this will affect the profitability of their company the most. There is also a big shift compared to the second quarter.

K&H