In the News: Major Product Shortages on the Horizon

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According to Fox Business, Retail Expert expects significant product shortages soon. This is part of the ongoing supply chain disruptions since the start of the COVID-19 pandemic. And this has resulted in different industries facing more supply chain issues. From chicken to toilet paper, he has now moved on to painting. Sherwin Williams says the suppliers responsible for providing the products they need to make paint are lagging behind. In this case, it is not just COVID-19 but also Hurricane Ida.

Supply chain challenges are particularly difficult for small business owners. Price increases on chicken, bacon, paint, and other items mean slimmer profit margins and even a total loss of business for restaurants, contractors, and the like. The good news is that experts expect supply chain bottlenecks to fully open. And once that happens, the market should correct itself while getting rid of the high prices.



Small Business News – October 1, 2021

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Image: Depositphotos



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