As new businesses open, others close due to inflation and supply chain issues

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JACKSONVILLE, Florida. – As new businesses open, it has been difficult for other businesses to stay afloat between supply chain issues and inflation.

Some reports show that people don’t eat as much in restaurants. Some popular small businesses are making waves, while others are downsizing due to supply chain and labor shortages.

On Saturday, a line wrapped around the construction of a new business in Jacksonville to satisfy foodies.

“We aim for the perfect dessert experience,” said Andrea Plowden, co-owner of the Peach Cobbler Factory.

Businesses continue to open in Jacksonville despite rising inflation, supply chain issues and a loss of revenue since the COVID-19 pandemic.

The consumer price index, or the prices of goods and services, rose 8.5% in March. Prices paid by wholesalers jumped 11.2%

That’s hurting businesses like Monroe’s Smokehouse Bar-BQ, which announced Friday it will close its location on Beach Boulevard at the end of August.

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“We survived the worst of the pandemic, increased overhead and operating costs, labor shortages, but it was unforeseen major repair costs that played a role in our decision. to make an extremely difficult decision,” owner Keith Monroe Waller said on Facebook.

The smoking room location on Highway Avenue will remain open and some staff will move in.

According to the National Restaurant Association, 96% of restaurants have reported supply chain issues or shortages in the past few months, with 9 in 10 saying food costs are higher than before COVID-19 and 7 out of 10 do not have enough staff.

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Although some companies are experiencing ups and downs, everyone is hoping for relief one way or another.

According to the National Restaurant Association, 18% of restaurateurs say they expect economic conditions to improve in six months, while others say they will get worse or stay the same.

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