WASHINGTON, D.C. (Aug. 12, 2021) – Executive Director of NFIB’s Research Center Holly Wade was interviewed by CNBC reporter Kate Rogers yesterday during CNBC’s “Small Business Playbook” virtual event. The segment titled, “Small Business, Big Picture,” was dedicated to discussing the current state of small businesses and the challenges they are now facing.
Wade notes that the labor shortage and supply chain disruptions are impacting small business operations.
“Overall, the small business economy has improved since the beginning of the pandemic, but they are facing two major headwinds. One is the labor shortage that you just mentioned and the other is supply chain disruptions, and so both of those are particularly difficult for small business owners right now.”
“The supply chain disruptions, they are impacting significantly or moderately about two-thirds of small firms that we survey every month. It’s over all products, whether it’s food inventory or lumber…for those that are experiencing these disruptions, they aren’t expecting the disruptions to ease up any time soon.”
Watch Wade’s full interview here:
