‘Vicious circle of rising costs is fuelling crisis for traders’
This statement perfectly encapsulates the severe inflationary pressures and supply chain challenges currently plaguing businesses, particularly those in the retail and specialty food sectors. The cheesemonger’s vivid example of dried apricot prices rocketing by nearly 186% in just 12 months illustrates a critical “vicious circle” impacting traders. Here’s an in-depth analysis of this phenomenon: 1. […]
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Economy