Veem Survey Finds 64% of US SMBs Expect More Government-Mandated COVID-19 Regulations Based on the Delta Variant

SAN FRANCISCO, Sep. 29, 2021 /PRNewswire-PRWeb/ -- Veem, a leading provider of online payment solutions, today announced the release of its quarterly report, "State of Small Business." The report, which surveyed over 700 American small business owners, focused on how SMBs are preparing to implement their return to work policies as vaccinations increase and restrictions are lifted. In addition, the report covers how SMB's are responding to the Delta variant's rise and economic confidence levels.
Below are some key findings:

• Work from home could be here to stay. Close to 60% of respondents are planning to offer remote work options long-term.
• Roughly, 43% of small business owners are not requiring their employees to be vaccinated against COVID-19 and an overwhelming 62% are not requiring customers to show proof of COVID-19 vaccinations.
• Small business owners remain sharply divided on an economic recovery, with 29% of respondents feeling "fairly confident" compared to 28% feeling "somewhat confident."
• 64% of small business respondent's expect an increase in government mandated COVID-19 regulations based on the surge of the Delta variant.

"Small businesses remain cautious of a robust economic recovery and are closely monitoring ongoing developments as it relates to COVID-19 and emerging variants," said Marwan Forzley, CEO of Veem. "Even though vaccinations may be increasing and government restrictions are being lifted, it's no doubt that the pandemic continues to be an ongoing concern among the small business community. For small business owners, COVID has pushed entrepreneurs into adjusting to a new normal where work from home is no longer a perk, but a necessity. I think we'll continue to see more small businesses remain agile as they continue to adjust to a fluid environment."

To download "State of Small Business: Return to Work Edition," please visit here.

About Veem

Veem simplifies the way businesses send and receive funds globally. Trusted by more than 300,000 businesses in over 110 countries, Veem offers a suite of payment services to establish and strengthen partner and supplier relationships. Veem's secure, trackable transactions combined with seamless integrations with popular business applications enable businesses to save time and money, while mitigating risk generally associated with international funds transfers. Veem is licensed and regulated in each country and state it serves.

Media Contact

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SOURCE Veem