This is going to get ugly.
Do to the new omicron variant tearing its way through the United States and the continuous U.S. supply chain crisis, Gristedes CEO John Catsimatidis is warning Americans that grocery prices will likely go up and many can expect a serious supply chain disruption of meat and eggs.
According to Fox, This could result in many people not being able to get the necessary amount of meat and eggs they want.
“Omicron is taking its toll at different levels of the supply chain, whether it’s the warehouses, whether it’s the selectors, the drivers the loaders – and as they call in sick there are interruptions in the system,” Catsimatidis stated.
Catsimatidis further explained that these issues will likely last at least another 6 weeks.
Companies are also raising the prices of meat and egg products because they do not have enough supply. They are raising the prices slightly so there can be more available to those who really need it.
“Let’s say they normally sell 10 million pounds of chicken. They figured if they raise the price 10 or 20 cents some people will buy less chicken and the people that really want to buy the chicken – it will be there for them to buy,” Catsimatidis explained.