In the News: Major Product Shortages on the Horizon
According to Fox Business, Retail Expert expects significant product shortages soon. This is part of the ongoing supply chain disruptions since the start of the COVID-19 pandemic. And this has resulted in different industries facing more supply chain issues. From chicken to toilet paper, he has now moved on to painting. Sherwin Williams says the suppliers responsible for providing the products they need to make paint are lagging behind. In this case, it is not just COVID-19 but also Hurricane Ida.
Supply chain challenges are particularly difficult for small business owners. Price increases on chicken, bacon, paint, and other items mean slimmer profit margins and even a total loss of business for restaurants, contractors, and the like. The good news is that experts expect supply chain bottlenecks to fully open. And once that happens, the market should correct itself while getting rid of the high prices.
Small Business News – October 1, 2021
Salesforce Launches Million Dollar Grant Program for San Francisco Small Businesses
Salesforce, a provider of cloud-based software and customer relationship management services, has launched a million dollar grant program for small businesses in San Francisco.
Latino business owners can now tag their Google profiles in a new partnership
As part of a new partnership with the Hispanic US Chamber of Commerce, Google will unveil a new attribute owned by Latinos in search, maps and shopping. This will help identify them with clients who want to patronize Latino-owned businesses.
These Companies Offer the Fastest Internet in America
With more and more people working from home, the fast internet has become a critical part of business productivity and success. It is therefore in the best interests of every small business and entrepreneur to have access to the fast Internet. So which providers offer the fastest internet speeds? To find out, the HighSpeedInternet team.
US Navy awards $ 151 million to small IT companies
The US Navy has awarded a total of $ 151 million to five small businesses. According to the US Department of Defense website, these five companies will provide full information technology (IT) lifecycle support for facilities management, construction management and facilities management systems at Naval Facilities. Engineering Systems Command (NAVFAC).
These cities have the youngest entrepreneurs in America
Research by loan experts has uncovered where you can find the youngest average age of entrepreneurs in the United States. LendingTree data analysts studied anonymized data from more than 100,000 borrowers looking for loans specifically to start a business and to identify the average age of entrepreneurs in each metropolitan area.
How to Avoid Common P3 Loan Forgiveness Mistakes
You may need to repay some of your PPP money, even though your business is fully eligible for forgiveness. This is what could happen if you make a mistake with your PPP forgiveness papers. If there has ever been a time to point the I’s and cross the Ts, it’s with the PPP forgiveness app.
Shop 1-in-5 Relaunches Small Business Directory to Showcase Value-Based Businesses
Shop 1-in-5, a movement to support small businesses towards potential and essential growth, has relaunched its small business online shopping directory with value-based customizations. The relaunch comes with just 100 days of shopping before Christmas.
Etsy offers planet-friendly packaging to sellers
Etsy, the global online marketplace for making, selling and buying unique items, has announced the launch of a new eco-friendly packaging initiative. The packaging is for merchants who want to make greener choices for their business and join Etsy to create a more sustainable market.