John Schnatter, founder of the Papa John’s pizza chain, said that the combination of supply chain problems, surging inflation, and the labor shortage are pushing up costs for businesses, hurting quality, service, and the bottom line. “We’re seeing a lot of pressure now at Papa John’s and throughout the economy,” Schnatter told NTD News in an interview, commenting on the impact of inflation, which in the year through January hit a fresh 40-year high of 7.5 percent. “It’s definitely having a significant impact on everybody’s cost—and that includes Papa John’s,” he added. Besides price pressures, a major problem facing Papa John’s is labor. “We simply can’t get people to come to work,” said Schnatter, adding that staffing problems have led product and service quality to suffer. “And now all of a sudden, we have to raise prices,” he said, describing the combination of the labor crunch and inflation as a “double-edged sword” that’s …
Inflation and Labor Crunch a ‘Double-Edged Sword’ Hurting Businesses: Papa John’s Founder
February 12, 2022
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