About the same time last year, we valued capacity of family businesses Adapting to an environment of constant change. It seems that after the outbreak of the covid-19 epidemic we are going shock inside shock economic: Bottlenecks in global supply chains, rising raw material prices, Russia’s invasion of Ukraine, drought…
And unfortunately, 2023 was no different from previous years. The recent outbreak of an epidemic has added to the climate of slowdown that has accompanied us throughout the year. New war around EuropeMore specifically, in the Gaza Strip, which Israel occupied in its fight against the terrorist organization Hamas. An event that will undoubtedly happen create more uncertainty into an environment that was already highly uncertain.
And as I wrote then, family businesses showed themselves once again this year. its capacity adaption and hence frankly surprising survival. It is true that this is a general comment and that there are certain companies in certain industries that have suffered more intensely from the successive crises that are upon us.
However, it is also true that family businesses have a higher percentage in such cases. survivalThanks to the dedication of the founders and their employees (often members of their own families), these companies overcome difficulties and move forward Thanks to the collective effort of everyone.
This phenomenon can be observed, for example, in Cajamar and CEHAT’s recent report on the sustainability of Spanish hotels, which shows how smaller hotel companies (and probably mostly family businesses) are gaining importance in the 2020s and 2021. Paralysis of the sector’s activity was the dominant note.
We assume that next year 2024 will bring us new surprisesbut we are also beginning to discover some certainties. For example, although we cannot definitively claim victory, inflationThe fact that this has been brought under control in recent months allows us to foresee a future year in which prices and interest rates are stable or even decreasing.
We can also expect greater control of public spending thanks to the reactivation of European budget rules. And of course the prevalence loyalty Cajamar’s partnership with AEFA’s Alicante family businesses. Whatever happens in 2024, we have no doubt that commitment to family and local businesses is a winning bet. This will benefit the entire province of Alicante.