Opinion: Buying local has never been more important for small businesses

Nearly a decade ago, my husband and I began experimenting with cidermaking as a hobby, scouring local farmer’s markets for best-in-class apples to ferment. We never intended to start a small business, but through trial and error, we eventually landed on a style we loved and started Haykin Family Cider.

However, like many other owners of Colorado’s approximately 653,000 small businesses, the past few years have not been easy for our Aurora cidery. Supply chain issues and high inflation continue to pose new challenges, with prices in the Denver-Aurora-Lakewood area up 7.7% year over year. In fact, a recent report from small business network Alignable found that 66% of small businesses in Colorado believe they are already in a recession and 28% believe they are in a depression.

As small businesses look to keep prices low to remain competitive, it is critical that Denver-area residents challenge themselves to shop local when they can – especially this upcoming holiday season. Doing so not only helps support struggling small businesses in the area, but it is also critical to taking the pressure off of already strained supply chains.

When the COVID-19 pandemic hit, Haykin Family Cidery was only two years old. Although the company was not as severely impacted as some restaurants and entertainment venues, inflation and supply chain challenges began to make it increasingly difficult to purchase apples, pay our HOA fees, and ship our bottling supplies to Colorado.

But instead of sacrificing the quality of our ingredients to make up for higher fees, we found creative ways to cut costs and streamline our operations. We started buying in bulk and leaning on financial technology – a payments platform called Melio – to minimize late payment and wire transfer fees.

The high-quality apples we use to create our ciders are what make Haykin Family Cidery unique. …read more

Source:: The Denver Post

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