Small business gets creative and personal to combat rising inflation

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 92%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Small businesses – new and established – can relate to the struggle

indicates small-business concerns with input costs have eased since the height of the pandemic, but remain far above pre-pandemic levels.

The Spaniel’s Tale has seen its operating costs increase after less than a year in business. “Our rent did go up. Things like garbage pickup and insurance and building maintenance, all of [those costs] have gone up quite recently.” Kostya Polyakov, partner and Canadian national industry leader for consumer retail at consultancy KPMG, says “there’s no way of getting around that – a larger multinational will be able to probably buy at a better price than a small regional retailer just due to volume.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines