Business across the country experienced challenges associated with extreme weather this winter. Record low temperatures and snow blanketed much of the country, while California and its $45 billion agriculture sector continued to cope with a historic drought and high temperatures.
Last week, we asked you how this winter affected your business. Your answers paint a clear picture: 54% of you said you experienced a loss or cash disruption as a result of severe weather this winter.
We’ve put your responses together with our own research in a new issue brief.
Here are the top-line findings:
- This winter hurt sales as consumers stayed at home;
- Logistics and travel networks were disrupted;
- Cold weather, especially in Midwestern states, delayed home construction;
- The three-year long drought in California will increase food prices across the country;
- Losses and disruptions are real, even if economic indicators rebound.
Download our report on the business impact of extreme weather this past winter.
At Business Forward, we want to make sure you have the tools and knowledge you need to make informed opinions about issues that affect your bottom line. Our latest report is part of that effort.