We all know people who own or run their small-scale businesses or local setups, selling their farm-grown fruits and vegetables, crafts, home-baked goods, or even clothes. Along with the retail industry, local businesses provide legal, automotive, and manufacturing services.
Local businesses have 500 or under employees and provide goods or services to a local population, such as within a neighborhood. We have all heard that local businesses need our support and when given the option, we must buy local. But we aren’t aware of the many benefits we get by supporting local businesses.
During the pandemic and just after that, all businesses had to make significant adjustments to the new normal. Companies that previously relied on sourcing internationally are now looking for more local alternatives to save costs and more efficiency.
Professionals in procurement prefer to work with local services as they have many benefits.
