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The Atlantis Report, 10/27/23
"Walmart & Kroger Supply Chain Just
Took A Massive Hit, Bankruptcies Continue"
"A year ago, when Kroger and Walmart faced a big problem, they thought about joining forces with Albertsons. They said they wanted to use fancy technology, save money, become even bigger, and mix two famous grocery stores together. But, in reality, they are doing this because they are hurting and need to keep up with the really big players in the business, like Amazon. This merger is their way of trying to get back on their feet to deal with a massive hit.
Walmart, which touts its "Everyday Low Price" policy, has raised prices on milk, frozen meals and detergent, to name a few, as its suppliers battled soaring costs of everything from chemicals to wheat and fuel.
The Global Shipping Crisis is giving a devastating blow to the supply chains of these retail giants. Most of the time huge cargo ships, carrying all the stuff Walmart and Kroger need to stock their shelves, get stuck at sea for weeks, even months. They are like giant floating warehouses, and nothing could get to the stores.
But here's the real shocker: those ships being stuck cause a huge problem. All the stuff couldn't get to the stores. So, the shelves have started to look empty, and that's something no one expected from these massive stores. The goods are also stuck at distribution centers because there is just too much stuff waiting to be unloaded. This meant all the things you usually find at these stores aren’t reaching the stores."
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