South Carolina Business Review

Inflation still a top concern for business

By Mike Switzer

Published December 11, 2023 at 6:30 AM EST

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Bob Morgan, president and CEO of the South Carolina Chamber of Commerce

Even though inflation continues to be on everybody’s minds these days, the American Farm Bureau Federation’s recent annual survey showed that the average cost of your recent family Thanksgiving dinner should have actually dropped by about 4.5% from last year. But our next guest also completed a recent survey of business leaders in our state and found that while inflation is not number one on their list of concerns, it’s very close. Mike Switzer interviews Bob Morgan, president and CEO of the South Carolina Chamber of Commerce in Columbia, SC.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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