Small businesses face increasing supply chain challenges due to the ongoing impacts of COVID-19. Highlighting this important issue, the bipartisan House Small Business Caucus held a roundtable with small business leaders to discuss their challenges and brainstorm solutions.
MSGI clients Jackie Wilson, CEO of American Fashion Network; Chris Oliver, GovEvolve member and President of ID Technologies; Qin Li, CEO of Soliel LLC; and Rosemary Swierk, President of Direct Steel and Construction shared their experiences with Caucus Co-Chairs, Rep. Chris Pappas (D-NH) and Rep. Kevin Hern (R-OK). In addition, over 35 Congressional offices participated in the robust discussion.
Issues of price increases, scarcity of raw materials, and intensified security risks were at the center of the discussion. Recommendations from the panel included adopting federal initiatives to buy products made in America, raising small business contracting sole source limits, establishing a NAICS code for IT resellers, and allowing price adjustments to federal contracts to accommodate the costs associated with price increases for goods and services.
We are grateful for the enthusiasm of the Co-Chairs to confront the challenges facing small businesses, and we look forward to continued collaboration in the future.
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