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Small Businesses Struggle in Iran War's Economic Ripple

About this episode

Small businesses across the U.S. are grappling with the Iran wars impact, facing disrupted shipping routes, soaring costs, and cautious customers. Pistachio growers, shoe makers, and landscapers are among those feeling the pinch. Experts describe it as a perfect storm, with routes shifting, capacity dwindling, and prices surging. Owners are scrambling to adapt, with some doubling orders to secure prices and others considering dropping free shipping. The situation, while not as severe as pandemic-related disruptions, could escalate if it persists, causing significant economic ripples.

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Small Businesses Struggle in Iran War's Economic Ripple

Canada News Today | 2 Min News | The Daily News Now!

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Full transcript

Canada News Today | 2 Min News | The Daily News Now!Small Businesses Struggle in Iran War's Economic Ripple. Machine-transcribed; use the interactive transcript above to jump the player to any line.

Small businesses across the U.S. are feeling the squeeze from the Iran War, dealing with messed up shipping routes, skyrocketing costs, and customers, holding on to their cash tighter than ever. Think pistachio growers with millions in exports stuck at sea, shoemakers paying more. To bring minimalist kicks from Vietnam, and landscapers, racing. To stock up on fertilizer before prices explode. Experts light brand and freed from the Air Forders Association, call it a perfect storm with route shifting, capacity shrinking, and everything. Hitting at once. The U.S. leads in pistachio exports, but now food shimmings to the Middle East are in limbo, and the Middle East supplies nearly 30 percent of. Global fertilizers. Owners are stressing hard. A Kansas City long-care guy is doubling his orders to lock in prices and avoid hiking customer fees mid-season. In Chicago, an electronics retailer burns through 25,000 gallons of diesel and 30,000 gallons of gas monthly for deliveries,

and they're sweating whether to drop free shipping perks. Shoes brand founder Matthew Tran says, folks are skipping new pairs because gas bills are killing budgets. Everyone agrees, pandemics' narrows were rougher so far, but if this drags months, it could match that chaos. Supply chains might keep twisting, but these entrepreneurs are hustling to adapt, bracing for whatever comes next in this economic ripple. This has been Canada News Today, powered by AI. I'm Corey with The Story.

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