We covered what Sysco said about empty shelves in America now we need to bring up the shrinkflation already taking place. The same sentiments brought up by food distributers is now being reported by the grocery store chains themselves, According the the Wall Street Journal Labor shortages, raw materials' scarcity make supermarket supplies unpredictable; some executives say problems are worse than spring 2020's dearth.
Grocery-store chains are still battling supply challenges that some executives said are as bad as what they saw in spring 2020, when hoarding left holes in stocks of some staples.
Industry executives say new problems are arising weekly, driven by shortages of labor and raw materials. Groceries including frozen waffles and beverages remain scarce as some food companies anticipate disruptions lasting into 2022. A wider range of products is running short and logistical challenges are compounding for many retailers.
Donny Rouse, chief executive of Louisiana-based Rouses Markets, said he is struggling to fill shelves as his company runs low on everything from pet food to canned goods. The chain of more than 60 supermarkets is sometimes receiving as little as 40% of what it orders, prompting Mr. Rouse and his staff to try to secure products earlier and more often. Before the crisis, Rouses received well over 90% of its orders.
"It is difficult for customers to get everything they want to get," said Mr. Rouse, grandson of the chain's founder.
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See Full Video Transcript Below
Hey guys welcome to the Silver Report Uncut if you haven't already be sure to come over and subscribe to our channel on Odyssey it's an excellent platform if we ever go missing here you'll know where to find us plus you get paid to interact there I'll leave a link in the description also follow our other YouTube channel called grow at home it's just youtube.com forward slash c forward slash grow at home you could follow our journey as we travel around Mexico and search for our new home let's talk about what's going on with the shrink-flation with the inflation we brought up yesterday how Sysco they were announcing that we are in for some major price bikes and that's because they are unable to fulfill the demand the issue is capacity a big, big problem is a lack of workers in the food industry now the prices of a lot of things they're going up they keep going up these days and of course it would fit the common definition of inflation however a lot of these producers are hiding it they're hiding it well using shrink-flation and I wanted to go over a recent study that showed some examples of this like bounty paper towels their paper towels have shrunk from 165 sheets to 147 Costco's toilet paper a large pack it was 425 sheets last year now it's just 380 Dial body wash they reduced from 21 ounces to 16 ounces that's a 25 increase that's some serious inflation however most people won't notice and they've done many, many studies that found that people are actually more willing to accept smaller sizes while the price remains the same they still recognize it and they don't recognize the inflation Ziploc their freezer bags last year there was 54. now there's just 50. Quaker instant oatmeal last year they offered 10 packs now it's just 8. this is serious inflation however the prices they are still remaining somewhat stable and that's because it's all a big lie and the issue is we're getting many warnings from a lot of these food producers is that empty shelves are going to be our main problem and this no doubt will lead to ever increasing prices now anywhere from the labor shortages to raw materials scarcity all of it the executives say the problems are getting worse than what we saw during 2020 in the spring grocery store chains are still battling supply challenges that really some executives said are as bad as it was back in spring 2020 and that was when everybody was panic shopping and hoarding and it left major holes in store shelves all across the country a lot of staples were sold out so what they're dealing with now is worse with the supply challenges than when the whole nation was panic shopping industry executives they said these new problems they're arising weekly driven by shortages of labor and raw materials if you recall we brought up Sysco and they had an issue with labor grocery stores are facing the same problem groceries including frozen waffles and beverages they remain scarce as some food companies anticipate disruptions lasting way into 2022 also a wider range of products is running short and logistical challenges are compounding for many of these retailers now the chief executive officer of the Louisiana store rouse markets Donnie Rouse he said currently he's struggling to fill shelves at his company because they're running low on everything from pet food to canned goods he has more than 60 supermarkets in his chain and sometimes he's receiving as little as 40 percent of the food orders it places this of course prompted Mr. Rouse and his staff to try to secure products earlier and more often and before this crisis he received well over ninety percent of their orders and that's just one company this is happening all across the board now he said quote it is difficult for customers to get everything they want to get unquote and unfortunately this is not something that is very familiar to America people want to act like oh we'll just get over it but we need to really get to the bottom of some of these problems because all of the efforts all of the spending bills all of the bipartisan agreements they come up with to try to fix our crises anyone else notice things only seem to be getting worse and worse and worse they have an ocean of fake money they're printing to buy and to solve all of our ales but somehow the economic problems only get worse it's because they're not solving anything and to tell you the truth we likely wouldn't have any problems if it were not for their personal involvement now another major headline coming out is this judge that pulled the permits for the Conoco Philips oil project and they said the issue is due to the climate and polar bears so a federal approval of this multi-billion dollar oil project that was supposed to be built in Alaska was just thrown out by a judge he claimed the government didn't assess the project's impact on the climate and the polar bears before approving the permits now the project is called the Conoco Philips willow project it was backed by both administrations we've seen recently it was also backed by wide support from Alaska and it didn't stop the judge sharing Gleason from ruling that the bureau of land management they didn't account for greenhouse gases that the project would produce the judge wrote as to the errors found by the court they are serious Conoco Philips they said they're going to head back to the drawing board to evaluate their options according to the report and the project it was supposed to be a 160,000 barrel per day 30-year project that would drill in federal government's national petroleum reserve in Alaska so the ninth US circuit court of appeals they slowed the project this year even though there were some attempts to get final approval the governor he said quote make no mistake today's ruling from a federal judge trying to shelve a major oil project on American soil does one thing outsources this is a horrible decision and that's the other thing with their emotions against the petroleum industry and the fact that their whole green energy system is not yet set up there's no green infrastructure set up it's going to cause some supply issues and supply issues are going to cause ever increasing prices the price of fuel is something that is worrying a lot of consumers out there it's taking away from a lot of people's disposable income it touches the entire world and the truth is gas prices have been incredibly low despite all of the volatility in the world especially in major oil producing regions throughout the past 10 years because let's face it we turn that place on its head and still the price of oil has been very steady it's been declining because the us has been the number one oil producer and exporter in the entire world for the first time in a long time all of that is disappearing so all of that extra money all of those billions and billions of dollars of profits for states like Texas all of it is going out the window as we speak I thank you guys for stopping by and joining us as always stay free
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