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El Paso Business Owners Struggle to Avoid Price Increases Amid Rising Costs

KVIACNN Newsource
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Local business owners in El Paso are facing significant challenges as fuel prices surge, making it difficult to maintain profit margins without raising prices. Mike Roach, co-owner of Paloma Clothing, emphasizes the importance of customer confidence and plans to absorb rising transportation costs instead of passing them on to consumers. Similarly, Nels Leader of Bread Alone Bakery notes that wholesalers are unable to adjust prices due to market pressures, forcing them to consider temporary surcharges. The situation is compounded for manufacturers like Shirley Modlin, who are experiencing skyrocketing raw material costs and are unable to raise prices without risking customer loss. These dynamics highlight the ongoing struggle for small businesses to remain viable in a fluctuating economic landscape.

Key Details: • Local businesses are absorbing rising transportation costs to avoid price hikes. • Paloma Clothing has been in business for 50 years and prioritizes customer trust. • Bread Alone Bakery may implement temporary delivery surcharges due to high diesel prices. • Manufacturers face increased raw material costs, impacting their ability to offer competitive pricing. • Consumers are encouraged to support local businesses to mitigate the effects of global supply chain issues.

economy business local-business consumer-confidence fuel-prices

People & Organizations

El PasoKareem MillerStrong Pact TruckingMike RoachKim OsgoodNels LeaderShirley ModlinPowhatan, VirginiaPaloma ClothingBread Alone Bakery

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