The unpredictable and highly uneven economic recovery from the COVID-19 pandemic has created an environment of great uncertainty for many businesses. The unexpectedly rapid initial rebound fueled a surge in demand that collided with production shortages and supply chain snarls, strengthening inflationary pressures that were then further supercharged by the increase in energy costs due to the war in Ukraine.
The Federal Reserve has raised interest rates aggressively, and while inflation has eased…
