Understanding the High Cost of Construction Materials
From the gas pump to the grocery store and everywhere in between, we have all seen the effects of inflation. Increased housing costs are also the result of inflation. According to data from the U.S. Bureau of Labor Statistics, cost for construction materials jumped from as low as 10 percent for concrete to over 50…
Craft Beer Industry Trends for 2023
Since 2020, the COVID-19 pandemic has required the craft beer industry to get creative. Many businesses invested in canning operations and looked for other venues to sell. Yet as restrictions continue to loosen and people feel more relaxed in public settings, patrons have returned to taprooms. The gradual wave of closures is also expected to…
Environmental Exposure Risks for Commercial Property Owners
Whether purchasing your first storefront or expanding to a new location, it’s important to think about disruptive factors that could potentially affect operations. Beyond sources of revenue, consider environment exposure risks facing your property. Environment exposure risks are often unseen but should be anticipated, from asbestos discovered during renovations to bacteria in the water supply….
Supply Chain Issues Affecting Craft Breweries
Most businesses have felt the effects of supply chain shortages and delays during the COVID-19 pandemic. Craft breweries are no exception, as they often need specialty ingredients, whether sourced domestically or overseas, for more exclusive beverages. With delays at ports and trucking shortages at home, consumers are continuing to see the price of alcoholic beverages…
How Small Businesses Can Prepare for a Recession
A recession is a prolonged and pervasive reduction in economic activity. Generally speaking, multiple successive quarters of negative growth in gross domestic product – a monetary calculation of the market value of goods and services generated and sold during a set time period within a given country – constitute a recession. A recession can last…
