
"Small businesses, they don't have the margins or the reserves to really absorb those kinds of cost increases. They're faced with a dilemma of, do they try to expedite some of the shipments that might be delayed right now, or do they deal with the shortages."
"If the Iran war stretches on, small businesses could start to feel the effects in as soon as two months as they run out of reserves or look to renew contracts at potentially higher prices."
Small businesses are increasingly pressured by the ongoing Iran war, experiencing shipping disruptions and rising oil prices that lead to higher gas costs. These challenges compound existing issues from President Trump's tariff policies, which have already increased input costs and reduced profit margins. Unlike larger corporations, small businesses lack the resources to absorb these cost increases. Experts warn that if the conflict continues, small businesses may face severe consequences within two months as they exhaust reserves and negotiate higher contract prices.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]