Inflation and Labor Crunch a ‘Double-Edged Sword’ Hurting Businesses: Papa John’s Founder

Inflation and Labor Crunch a ‘Double-Edged Sword’ Hurting Businesses: Papa John’s Founder
A Papa John's restaurant in Westminster, Colo., on Aug. 1, 2017. Rick Wilking/File Photo/Reuters
Tom Ozimek
Steve Lance
Updated:

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.
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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