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Businesses addressing future risks based on pandemic experience

Small-business owners in Rhode Island and across the country are reporting inflation and supply chain disruptions are impacting their businesses in big ways, according...

U.S. added 428,000 jobs in April despite surging inflation 

WASHINGTON (AP) – America's employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages,...
GROWTH FACTOR: Jack Falvey, chief operating officer at Falvey Insurance Group in North Kingstown, has been involved in and responsible for growing the company’s portfolio by 158% over the past five years. / PBN PHOTO/TRACY JENKINS

Falvey leads insurer group to the next level

2022 C-Suite Awards: Rising Star | Jack Falvey,Falvey Insurance Group chief operating officer The global shifts created by the COVID-19 pandemic brought a new, unfamiliar...
CME CORP., formerly known as Claflin Medical Equipment, signed a five-year $49.5M contract with the U.S. Department of Defense./ COURTESY CME CORP.

Medical industry suppliers warn of ‘med-inflation’

PROVIDENCE – Supply chain woes have hit consumers and businesses, now it’s about to provide some discomfort in the medical industry. “Med-inflation” is currently on...
THE FORECASTERS: Panelists participating in PBN’s Economic Trends Summit on Feb. 10 discuss what the future holds for Rhode Island’s economy. Clockwise from top left are PBN Editor Michael Mello, who served as moderator; Thomas Sweeney, owner of Sweeney Real Estate and Appraisal; Jeffrey Diehl, CEO and executive director for the Rhode Island Infrastructure Bank; Thomas Tzitzouris, head of fixed income research for Strategas Research Partners; Elizabeth “Betty” Robson, CEO of J.F. Moran Co.; and Craig Pickell, chairman and CEO of Bullard Abrasives Inc.

Plenty of challenges ahead, but which to solve first?

Inflation. Supply chain bottlenecks. Worker shortages. The pandemic-induced fires are spreading fast, and companies are struggling to figure out which ones to put out first. Local...

PBN Economic Trends Summit to be held Feb. 10

PROVIDENCE – The PBN Economic Trends Summit will be held on Feb. 10 from 9 a.m. to 11 a.m. The virtual summit will discuss the...
A SHOPPER EYES the merchandise at a retail store in Glenview, Ill. earlier this month. Holiday sales rose at the fastest pace in 17 years, even as shoppers grappled with higher prices, product shortages and a raging new COVID-19 variant in the last few weeks of the season, according to one spending measure. / AP PHOTO/NAM Y. HUH

Despite supply issues and omicron, holiday sales rise 8.5%

Holiday sales rose at the fastest pace in 17 years, even as shoppers grappled with higher prices, product shortages and a raging new COVID-19...
BOXED OUT: French Confection owners Karen Mauprivez, left, and Xavier Mauprivez, center, help Taylor Brendlinger of Portsmouth with her order, including one of their popular Yule logs, at their Middletown bakery. Ordering specialized boxes for the cakes and other supplies has been a problem this year. / PBN PHOTO/DAVE HANSEN

CHAIN REACTION: Supply snags deliver blow to R.I. businesses

With cycling’s popularity surging during the COVID-19 pandemic, demand has been sky high at Providence-based outerwear company Cleverhood LLC. That’s because the company designs and...
BROKEN LINKS: Cleverhood LLC owner Susan Mocarski can’t meet the growing demand for rain capes her company designs because of the months it now takes for some overseas orders 

Pervasive supply chain woes could boost local manufacturing

Companies doing business overseas have long understood the importance of a dependable supply chain. But for everyone else, this holiday shopping season has provided...

Supply shortages and emboldened workers: A changed economy

Employees at a fast-food restaurant in Sacramento, Calif., exasperated over working in stifling heat for low wages, demanded more pay and a new air...
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