Another Vendor Is Gone

[zspert]

Ouch!! They owe me $! 

[bartsscooterservice]

19 hours ago, Av8ferg said:

These are challenging times for business and the economic future in the short term is not good.  I have both friends and family that own small business and they all same the exact same thing.  My brother built 4,000 homes this past decade and had decided to pull the plug as the housing market is set to get crushed soon.  With the looming 1.0 rate hike next week next week it will only worsen.  Spoke to a close friend yesterday who says he’s probably going to shut down his business and layoff all his employees because the customers are no longer there and his prices are increasing so fast he cannot stay ahead of it and customers are pissed off at him.   The challenges are becoming insurmountable to many small business and there is three things I hear over and over from all of them,  1. Cannot find good workers   2. The cost of doing business has increased sharply and they have to pass those costs to the customers which is driving them away.  3. More hostile governmental policies and tax burdens   4. The cost to borrow money has increase sharply and they don’t want to take on the risk.
I am seeing this where I work.  We just announced we are closing 90 brick and mortar locations in the US, we have stopped hiring and profits are way off estimates.  We are operating fewer flights and the stock has plunged 19%.   We have seen a serious reduction is global package deliveries.  This company is a bellwether for the health of the nation’s economy.  All signs point to “storm clouds gathering”. 
I’m sad to see this vendor close.   This is what comes up if you go to their website.  
Time to buckle up!

  https://www.cnbc.com/2022/09/15/fedex-ceo-says-he-expects-the-economy-to-enter-a-worldwide-recession.html

About the same here in Europe. I predicted this a long time ago. A big crash or " economic reset " is coming. 

 

[JT70]

I feel fortunate that those guys are trying their hardest to complete outstanding orders.  I paid for some expensive butterscotch door skins with the bonded aluminum (or chrome) strip and they bird dogged the supplier until the order was complete.  They came in today and they look great.  Good bunch of guys/gals!!!!

[zspert]

Got my bill paid on time. I wish them all the best.

Yes,  those Distinctive Ind. door skins are a bear to install correctly and require a door panel in good condition but the end product is very nice indeed.