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"Brace Yourself For Significantly Higher Prices
On Thousands Of Different Products"
by Epic Economist
"A very scary crisis is hitting our food systems. In recent weeks, many industry insiders kept sounding the alarm about growing imbalances in our supply chains and telling the public to prepare for the worst. Frustrated shoppers are dealing with an almost 15% increase in grocery prices, unpredictable product stockouts, and empty shelves at their favorite supermarkets. Many Americans were expecting shortages would have disappeared by now, but that’s not the case at all. In fact, even the Washington Post is admitting that store shelves are set to be even barer in the next couple of months as shortages get even more extensive.
While there’s still food available in the grocery stores, options are getting more and more limited, and also significantly more expensive, making many hard workers out there unable to afford to buy the staples they need to feed their families. This trend is only likely to accelerate during this year’s holiday season. And today we’re going to expose why experts like Robert Kiyosaki, GasBuddy’s Patrick De Haan, and the CEO of Kraft Heinz are so concerned about the dire state of the nation’s food supply chain and urging the public to stock up while they still can.
Many store shelves across America have been wiped clean, and they’re staying empty as grocers struggle to restock everyday necessities, such as milk, bread, pasta, canned soups, and cleaning products. One of the biggest complaints supermarkets are receiving these days is the lack of basic meat staples and chicken right ahead of the holidays. And shoppers are also noticing that prices are already going through the roof. This year’s meat supply is considerably lower than last year’s. With less supply and roughly the same level of demand, meat prices have reached insane highs. In fact, Labor Department data shows that the prices U.S. consumers paid for meat last month were the highest since 1974. In October, meat prices rose between 17% and 23%, while chicken was 38% more expensive, and frozen turkey jumped between 73% and 112% compared to the same period a year ago.
Food inflation and supply shortfalls are major concerns for Kraft Heinz CEO Miguel Patricio, who notes that these disruptions are impacting the entire food industry and he doesn’t see an end to either issue anytime soon. “Every day we have a new problem. It’s the new normal. At the beginning we thought it was a crisis - now we know it’s a new normal and we have to adapt to that,” he added.
Adding fuel to the fire, a shortage of truckers that’s been slowing down the supply chain and the ability of grocery stores to replenish their shelves quickly in the past couple of years is likely to intensify as diesel prices skyrocket. That has set alarm bells ringing for many experts, who are flagging higher prices for goods and risks to food supply as truckers pay more for fuel.
"TuckerCarlson just reported that diesel supplies are gone,” Robert Kiyosaki wrote on Twitter. “I went to Safeway and bought 5 tuna cans for $1 each. Stock up now,” he urged, saying that diesel feeds the world and soon there will be huge lines at grocery stores. We must face the fact that the price of basic necessities will keep reaching one record high after the other while the value of our money continues to decline. And we also must take Kiyosaki’s warning seriously and stock up now because when things really start going crazy in this country, basic supplies will disappear from the stores very rapidly."
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