The supply chain crisis is having a significant and negative effect on the lives of people throughout the country.
Store shelves are empty in many places and people are having a hard time getting basic goods.
One food store executive is predicting that things are going to get worse before they get better.
From FOX Business:
Food prices will go up ‘tremendously’: Billionaire supermarket owner
Americans will see food costs rise “tremendously” in the coming weeks, according to billionaire supermarket owner John Catsimatidis.
Catsimatidis, who is the president of Gristedes and D’Agostino Foods, discussed his concerns about inflation and supply chain issues on FOX Business’ “Mornings with Maria,” and warned companies like Nabisco, Pepsi and Coke will begin to prioritize products and raise prices in order to get ahead.
“I see food prices going up tremendously,” he told Maria Bartiromo. “[CEOs] want to be ahead of the curve and the way they’re doing it is they’re dropping all promotions. They are dropping low-moving items.”
Catsimatidis went on to say this trend won’t reverse “anytime soon.”
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“I see over 10% [price increase] in the next 60 days,” he said.
Watch the video below:
People have been posting photos of empty shelves on Twitter:
This whole #supplychaincrisis is real. Tons of empty shelves at every CVS these days. This was the makeup aisle today. Empty. No frozen food or water. 😳 pic.twitter.com/sQZa0pjPJ5
— Lisa Fielding (@Lisa_Fielding) October 13, 2021
1-My grocery. There’s plenty of food it’s not as if we will starve. But I’ve never seen empty shelves like this in my lifetime. pic.twitter.com/jz6aQpXFxq
— Sharyl Attkisson🕵️♂️ (@SharylAttkisson) October 14, 2021
This is a Walmart in Port St. Lucie, Florida.
Empty shelves are what will be the “new normal” if Democrats remain in power. pic.twitter.com/zt1h3a3xww
— John Cardillo (@johncardillo) October 13, 2021
Okay—for those who did not believe me yesterday about empty grocery store shelves, here are two from today’s shopping: pic.twitter.com/SQ1XuBH3ot
— Serabbi (@Serabbi) October 17, 2021
This is not good and the Biden administration doesn’t seem to know what to do about it.
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