Bridger PenningtonFund Launch & Investment Expert

Do you agree?

16 Dec 2022 · 1 min

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Bridger Pennington argues that about 65% of restaurants and retail shops are single-unit independents facing a disadvantage against chains in online ordering and supply chain management. He warns a recession could force many to close and predicts major industry changes in the next two years.

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65% of the industry is one-unit operators. Of the whole industry. Really? 2/3 of the industry is the singles, the independents. We all have to support independents. If we want to help the small guys, go to your independents. I mean, we're all gonna go to the ones that are the chains, but the independents are a large portion of it. They'll never get to 2, they'll never get to 3, they'll never get to 4. It's a family-owned business and it's tough. When you have everybody around you that has online ordering, they have a supply chain manager managing, you know, the supply fluctuations and getting goods and this and that, you just don't have those resources. And so does it affect them? Yes. Do I think a recession is gonna knock out a bunch of them? Unfortunately, yes. I'd like to save them all. I think every single entrepreneur deserves to stay alive personally. I do think it's going to change the landscape pretty dramatically over the next 24 months.