The U.S. economy — with its fluctuating gasoline prices, supply-chain issues, inflation and staffing constraints — is facing a challenging time. Businesses are worried, consumers are cautious and investors are downright jittery.
Chad Helmer, VP of Operations at Impact XM, provided his perspective to Maura Keller from The Meeting Magazines.
“There’s been roughly a 30% cost increase across the board, but some categories are even higher. Or the items and materials aren’t available at all, or they are on back order,” Helmer says. “As a result, companies are having to plan further ahead and bake in these buffers to their event budgets.”
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