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Small business ownersstruggle to maintain ups and downs as they fight 40 years of high inflation following the economic challenges associated with pandemics.
Small business owners La Regions, Martin Garcia, and Genfertig say how the surge in costs can keep the door to "Fox&Friends" open. We talked about how it affects us.
"This year, sugar has increased along with most and packaging materials," Johns, who owns McJak Candy, told Steve Doocy, co-host of."But next year, the rate of increase in sugar we've seen so far in the 22 years here is the highest year-on-year. Due to the high cost of transporting sugar, it will increase by more than 40%. Let's have a fuel surcharge, etc. "
Mrs. Jill Biden Talks to reporters Friday, June 17, 2022, before boarding Marine One at the South Loan of the White House in Washington. (AP Photo / Evan Vucci)(AP Photo / Evan Vucci)
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Johns expects to spend another $ 500,000 to buy sugar next year to produce the same amount of candy. Said that.
Garcia, who owns the Gramercy Gift Gallery in San Antonio, Texas, also suffers from rising costs, but keeps the door open despite financial hardship. It is said that you are "decided" to leave. Garcia said he had to rely on credit to deal with the increased costs.
"Sometimes you go ahead, and if that's your only option, and I'm determined to keep the door open," Garcia said. .. "And now that I've survived the pandemic and the store is still open, there's a new challenge we're experiencing right now. It's related to inflation."
Alignable research According to the report, if more than one-third of SMEs are unable to pay rent and inflation rises, 65% of SMEs will be forced to close thedoors.
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Jen Fertig, who owns Finn Knows Soap Explained how she improvised overheads by closing the storefront and cutting costs at Oklahoma's house. She said Feltig sells her products at her farmer's market and other local events.
"I'm just making everything at home here. As you can see, I packed the entire store into a spare bedroom in my house," Fertig said. "So I'm really trying hard to avoid confusion and get my products to customers."
Inflation is 40 as gas prices continue to rise. It is at the highest level in a year and exceeds $ 5 per gallonnationwide.
Bailee Hill is Deputy Editor-in-Chief of FoxNews Digital.
