New York business owners say post-reopening has been challenge – Spectrum News NY1

by | Oct 12, 2022 | Business

Adine Viscusi’s third generation family business in Schenectady manufactures sauce — and the cost of doing business has only gotten more expensive while supply chain problems have also created snarls. “The cost of goods are going up. Everything has exponentially increased for us in terms of costs of goods,” she said. “A lot of those things we’ve had to pass onto our customers, which is unfortunate because it means a higher price at the grocery store.”
New York businesses are trying to find ways of adapting with an uncertain economy. The cost of borrowing is getting more expensive while the cost of raw materials, fuel and energy prices have squeezed virtually everyone. 
At the same time, business owners must adapt to a tighter labor market. 
“We’ve struggled with maintaining employees and hiring people,” Viscusi said. “A lot of people, it feels like they just don’t want to work and I think they’ve reimagined what they’re willing to work for.”
Viscusi was among the business owners on Wednesday to take part in a roundtable discussion with Democratic Rep. Rep. Paul Tonko. He acknowledged inflation won’t be solved overnight. But he pointed to efforts like boosting computer chip manufacturing in the U.S. to bring down the cost of goods like cars and smartphones. 
“We’ …

Article Attribution | Read More at Article Source

Share This