New York In his 47 years as a small business owner, Larry Birnbaum says he's never experienced anything like what's happening with his wholesale light bulb business today.
"It's very scary," said Larry Birnbaum, the owner of The Lightbulb Store & EPIC Wholesale in Hackensack, New Jersey."I wouldn't want anybody to be in this position."Birnbaum says his wholesale business is losing $100,000 a month. He has orders placed to factories in China, but because they are closed due to coronavirus, he can't fill them. His light bulbs are used commercially -- to power everything from office buildings to streetlamps.
That’s why should order from USA companies. Lol 😂
Buy American made
You have to love business 101.. I didn’t make record profits this week, so that means I’m “losing” money!!
Maybe he should buy American
When you out-source practically all production to china you fail to be self sufficient. Why do you think trump has brought back so much manufacturing back to the US.
Dependency is because here in the US businesses OVERCHARGE for everything...Its called competition and people need to find sane and responsible way of liveable means.
It’s part of the business risk you took when you place orders out of the country.
It’s not only this business that’s losing. Everyone one else around the world.
WuhanVirus fixed it for you
I'm really sorry for him but I believe in buying America and made in America ...I feel for him but I would not even touch anything right now from anywhere outside the USA and yes to my haters out there I know it's here but not as bad as in China or in Europe right...
✅ That’s how the won ton floats! Back in 2007 my business lost over $500,000 most was owed to me by the big banks that were bailed out with taxpayer money, of course they didn’t “spread” the wealth and I went belly up 😡
Love Trump
Yeah yeah... We really care about his loss So sad 😏
Sounds like a shit out of luck situation
EXACTLY WHY WE SHOULD NOT DEPEND ON GOODS MANUFACTURED IN OTHER COUNTRIES. IT ONLY HELPS THEIR COUNTRY NOT OURS
Well that's what American stores get for buying in having stuff made in China
ChinaCoronaVirus
And this is our problem?
he is not earning $100k a month, not loosing...two diffrent things
OR THIS ONE
OR
Stop buying from China. Need to stop relying on them for everything
I hope when all this is over our government and businesses reassess how we deal with the government of China. China should be made to pay a price somehow.
These people who make their products in China have shit on the american people, have shit on the community, they only think of filling their pockets with american dollars, they prefer cheap chinese than spending 1 dollar in your community
Well, have them made in the USA. Problem solved.
if he can breathe he should stop moaning. over 7000 people died already. m o r o n.
Join the club. Although the pipeline is filling back up. Take maybe 3 months to get back to normal just in time to meet the collapse of demand. 2020 is a mulligan.