What will 2022 hold for businesses?

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As we say goodbye to 2021 and the many challenges that it brought to the business world amidst the ongoing COVID-19 pandemic, not to mention Brexit, we are now looking towards what the New Year may hold.

Below we will take a look at just some of the things we could expect in 2022 for businesses…

More restrictions?

With some return to normality in the latter half of this year, we have seen concern grow in recent weeks for the new COVID variant, Omicron. The government’s ‘Plan B’ announcement last week means businesses are once again contending with restrictions as we leave 2021 and into 2022.

However, the past two years has highlighted the resilience of the business world in adapting to ever-changing restrictions and ultimately thriving through the other side. Therefore, no matter if restrictions are tightened further come January, we are all in a very strong position to adapt quickly and easily, meaning minimal disruption.

Businesses rebounding following the pandemic

Recent research has revealed the UK SMEs have a highly positive outlook for 2022, with 68% highlighting their confidence for their business over the coming 12 months. Most significantly, it was found that, on average, small businesses were estimating revenue growth of an astounding 11% next year.

Despite the fact that new restrictions have come into force, we don’t expect this positive outlook to change. We have seen many companies over the past two years adjust their service offering to account for COVID-19 challenges and, for many, this has benefited their business greatly.

The new normal way of working

Remote working was something very few of us had experienced prior to the pandemic, but when it became a necessity during the first lockdown, the majority of us became accustomed to home working and, of course, virtual meetings.

Whilst restrictions eased entirely earlier this year, many businesses still opted to offer this way of working to their teams, creating a hybrid working model. Of course, the government’s latest announcement puts many businesses back to home working if they can, but we predict that even after this has eased, remote working will still be a dominant way of working for many.

Speaking on what 2022 will see for businesses, Director here at Ellis & Co., John Farrell, has said:

“Throughout the past two years, we have seen businesses adapt to a very different way of working. In doing this they have introduced innovative ways to make their business more efficient, something that was very evident during the pandemic. We hope to see this type of innovation continue into 2022 and beyond.”

What will 2022 hold for your business? If you are looking for more effective ways to work or want to grow in the New Year, contact our team of Chester business advisers to find out more about how we can support. Contact us today by emailing info@ellis-uk.com.