Small business owners explain how supply chain disruptions are impacting their businesses
WASHINGTON, D.C. (Oct. 19, 2022) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, released a new video featuring small business owners discussing how supply chain disruptions are impacting small businesses across the nation.
According to NFIB’s latest research, 32% of small business owners reported that supply chain disruptions have had a significant impact on their business. Thirty-four percent report a moderate impact and 22% report a mild impact. Only 10% of owners report no impact from supply chain disruptions.
You can view the new video here:
“As far as supply chain issues go, we’re retail right, so we are having struggles of getting in our merchandise. Well, if we can’t get in our merchandise in order to sell our merchandise, then it makes it really difficult to stay in business,” said Tina Miller, a small business owner from Virginia.
“We have experienced supply chain issues horribly. We could not get air conditioning coils, we could not get heat pumps, we couldn’t get sheet metal…so our customers have to wait, which in a way you can explain to them what’s happening but it’s still a poor reflection on your business that you can’t control,” said Kellie Loudin, a small business owner from Ohio.
“In running large consignment stores, we have to price everything individually…and even that, we are running into supply chain issues, just getting price tags to be able to price our merchandise and keep everything moving…,” said Neil Abramson, a small business owner from Massachusetts.