Vivek Sankaran, Chief Executive Officer Of Albertsons: People Are Hoarding — HNewsWire Albertsons is Deceiving The American People
Some executives are issuing warnings that there might be food shortages nationwide due to supply chain bottlenecks, coming as a number of school districts have reported they haven’t received shipments of key items like milk or chicken nuggets.
In the past several weeks, school officials in Denver to Chicago to parts of Alabama have reported that schools are running out of lunches or breakfasts, calling on parents to pack lunches for their children. Some lunch staff have been forced to buy their own cooking and cleaning supplies.
Vivek Sankaran, chief executive officer of Albertsons, told Bloomberg News this week. “Any given day, you’re going to have something missing in our stores, and it’s across categories.”
And Saffron Road, a producer of frozen and shelf-stable meals, is holding more inventory and will keep for months of supply on hand instead of one or two months.
“People are hoarding,” Saffron Road CEO and founder Adnan Durrani told Bloomberg. “What I think you’ll see over the next six months, all prices will go higher.”
Food Prices Hit Highest Level in a Decade, Food Has Been Weaponized, Satan Soldiers Are Godless…
Food prices across the world have risen to their highest levels in a decade on the back of tightening supply conditions coupled with robust demand, according to the Food and Agriculture Organization of the United Nations (FAO).
The FAO’s food price index, which measures world food commodity prices, has surged by 32.8 percent in the 12 months through September, coming in at a reading of 130 points, a level not seen since 2011. On a month-over-month basis, the index rose 1.2 percent.
Accounting for the bulk of the rise in the index were higher prices of most cereals and vegetable oils.
The FAO vegetable oil price index was up 60 percent in September from a year earlier, and 1.7 percent higher than in August. The cereal price measure was up 27.3 percent over the year last month, and 2 percent from August.
Dairy and sugar prices also rose in September by an over-the-year 15.2 percent and 53.5 percent, respectively, while the meat price index was up 26.3 percent above its year-earlier level.
While much of the inflation story has been focused on surging energy costs and products affected by the semiconductor chip shortage such as used cars, rising food cost signals are increasingly flashing red.
As the U.S. economy rebounds, packaged food companies are grappling with inflation, with Conagra Brands Inc. saying on Oct. 7 that it would increase prices again on its frozen meals and snacks.
Conagra said it was facing rising costs of ingredients including edible oils, proteins, and grains, forcing it to increase prices on frozen goods by 3.5 percent and on staple meals by 3.3 percent.
Food-makers General Mills, Campbell Soup, and J.M. Smucker also have raised wholesale prices in response to rising ingredient and freight costs.
Pork and beef prices have surged in the past few months, while the Labor Department’s August inflation report showed that meat, poultry, fish, and eggs were up 8 percent over the past year and 15.7 percent from prices in August 2019, before the pandemic. Beef prices jumped 12.2 percent over the past year, and bacon was up 17 percent during the same period.
Experts say increasing energy costs around the world could exacerbate the problem.
“It’s this combination of things that’s beginning to get very worrying,” Abdolreza Abbassian, senior economist at the UN’s Food and Agriculture Organization, told Bloomberg in a recent interview. “It’s not just the isolated food-price numbers, but all of them together. I don’t think anyone two or three months ago was expecting the energy prices to get this strong.”
Food price inflation is also driving up consumer expectations for future price increases.
The New York Fed’s August survey of consumer expectations showed that Americans anticipate food prices to rise by 7.9 percent in a year, higher than the overall inflation expectation of 5.2 percent.
Federal Reserve officials have repeatedly characterized the current bout of inflation as “transitory” though they have increasingly expressed concern about the risk of a de-anchoring of inflationary expectations. That’s where confidence in the “transitory” narrative falls and people start to believe and behave as if inflation will be far stickier than previously believed, impacting wage and price-setting behavior and potentially even sparking the kind of upward wage-price spiral that bedeviled the economy in the 1970s. Source: ZeroHedgeHNewsWireHNewsWire
The Supply Chain is Broken Intentionally — It’s Going to Be a Cold Challenging Winter
Satan Soldiers Plan the Unraveling of Our Social Fabric, Leaving Many Family Households on The Streets, “Homeless”
You can’t tyranny your way out of a plandemic — but you can plandemic your way into tyranny.
Sadly, Americans have a short memory when it comes to giving up their freedoms for a false sense of security. When a society surrenders individual liberty to the state, the state never gives it back.
Plandemic & The Globalist Calls For A “Great Reset”— Satan Soldiers Crushed Our Economy, Intentionally Destroying Lives in Their Quest to Control Humidity, the Beast Is Alive…
Several industry groups have warned world leaders of a worldwide supply-chain “system collapse” due to pandemic restrictions, coming as Federal Reserve Chairman Jerome Powell suggested that the current period of higher inflation will last until 2022.
Several industry groups have warned world leaders of a worldwide supply-chain “system collapse” due to pandemic restrictions, coming as Federal Reserve Chairman Jerome Powell suggested that the current period of higher inflation will last until 2022.
The International Chamber of Shipping, a coalition of truck drivers, seafarers, and airline workers, has warned in a letter to heads of state attending the United Nations General Assembly that governments need to restore freedom of movement to transportation workers amid persistent COVID-19 restrictions and quarantines.
If nothing is done, they warned of a “global transport system collapse” and suggested that “global supply chains are beginning to buckle as two years’ worth of strain on transport workers take their toll,” according to the letter. It was signed by the International Air Transport Association (IATA), the International Road Transport Union (IRU), and the International Transport Workers’ Federation (ITF), which represent some 65 million transport workers around the world.
“All transport sectors are also seeing a shortage of workers, and expect more to leave as a result of the poor treatment millions have faced during the pandemic, putting the supply chain under greater threat,” the letter said. “We also ask that WHO and the ILO raise this at the U.N. General Assembly and call on heads of government to take meaningful and swift action to resolve this crisis now,” they wrote.
Meanwhile, retailer Costco said it’s chartering its own container ships between Asia and North America amid supply chain issues worldwide, Chief Financial Officer Richard Galanti said in a recent conference call.
Costco, he said, is dealing with “port delays, container shortages, COVID disruptions, shortages on various components, raw materials and ingredients, labor cost pressures” along with “trucks and driver shortages,” Fox News reported.
Gene Seroka, executive director of the Port of Los Angeles, attempted to shed some light on the problem during a recent ABC News interview, noting that there’s a significant backup of container ships off the coast of major ports of entry.
“We’re witnessing a pandemic-induced buying surge by the American consumer, the likes of which we’ve never seen,” he told the network on Sept. 29.
Satan Soldiers Have a Plan For The people, A.K.A Plandemic… You Can Thank Google, Most of the Social Media Platforms, Congress, and Mainstream Media for Lying to You About the Food Shortage… Get Prepared, the Plandemic Seems to Be Working for the New World Order Elitist, Food Shortages Are Coming to America
U.S. consumer inflation remained in an upswing in September, led by a surge in energy, housing and food costs, according to data released Wednesday by the Labor Department.
The Consumer Price Index rose 0.4 percent in September. Year-over-year prices surged 5.4 percent, remaining well way above the Fed’s desired level. Excluding food and energy, so-called core prices were up 4 percent in the 12 months through September.
The agency’s report (pdf), released Wednesday, breaks down how much prices have increased for certain key services and goods, including gas, food prices, electricity, and used cars:
Gas: 42.1 percent
Meats, poultry, fish, and eggs: 10.5 percent
Propane, kerosene, and firewood: 27.6 percent
Fuel oil: 42.6 percent
Electricity: 5.2 percent
Peanut butter: 6.2 percent
Coffee: 4.0 percent
Bacon and similar products: 19.3 percent
Uncooked beef steaks: 22.1 percent
Furniture: 11.2 percent
Used cars and trucks: 24.4 percent
New cars and trucks: 8.4 percent
Rental cars: 42.9 percent
Footwear: 6.5 percent
Motor vehicle maintenance and repair: 4.0 percent
Postage and delivery services: 3.2 percent
Haircuts and other personal care services: 5.0 percent
Sporting goods: 7.5 percent
Appliances: 7.1 percent
Restaurant prices: 4.7 percent
Rent. 2.9 percent
The Food Shortage, Coming Tribulation… We’d all like to believe that the United States is on the road to economic recovery and that things are going to get better. Everyone wants to think the store shelves are just a few cargo ships away from being refilled.NOT TRUE…
Energy price increases tapered a tad over the month and from a year ago compared to the levels reported in August, but prices overall for food jumped by all measures.
“Today’s number, with food price inflation and shelter inflation moving higher, suggests growing pressure on consumers,” Reuters quoted Seema Shah, chief strategist at Principal Global Investors. “Keep in mind too that the recent rise in oil prices hasn’t yet fed through to the numbers – that’s still to come, while the renewed rise in car prices is also likely to drive inflation numbers higher in the coming months.”
US Meat Prices To Remain Elevated Amid Depleted Reserves
Beef, pork, and chicken in US cold storage warehouses have yet to recover from pandemic lows and could continue to support higher prices.
New United States Department of Agriculture (USDA) data shows beef reserves dropped 7.7% from a year ago in August, poultry supplies fell 20%, and pork plunged 44% to their lowest levels since 2017, according to Bloomberg.
Jim Sullivan, commercial director for Stable USA, said low meat inventories would suggest meat prices will stay elevated.
Many People Will Head to Food Banks in Order to Feed Their Families…
The DOD Gave $1,000,000,000 That’s $1bn in COVID Relief to Defense Contractor Wish Lists, Our Government Is No Longer Subject to the People It Marches Lockstep With the New World Order, They Will Spend This Country and it’s People Into Poverty, They Have and Agenda…
A coalition of 40 ideologically diverse organizations on Thursday demanded that federal lawmakers investigate allegations from earlier this week that the Pentagon misused much of $1 billion in congressionally appropriated Covid-19 relief funding for what one critic called“a colossal backdoor bailout for the defense industry.”
The groups’ call came in a letter (pdf) addressed to Reps. James E. Clyburn (D-S.C.) Steve Scalise (R-La.), leaders of the House Select Subcommittee on the Coronavirus Crisis. The push for a probe was prompted by Washington Postreporting that some tax dollars directed to the Defense Department in March for building up U.S. supplies of medical equipment have “instead been mostly funneled to defense contractors and used to make things such as jet engine parts, body armor, and dress uniforms.”
Dumb and Dumber
If You Don't Trust Me Ask The Blind Man ,He Saw it All
I go back to my original statement in January, this is a "Pestilence", God knew evil men were in labs concocting a virus with the intention of harming humanity. SRH...
You can’t say no, you can’t sue for harm, and you can’t see the data underlying the government’s claim that the product is safe and effective. That seems fair.
HNewsWire: “In October, November and December, There Will Be a Terrible Death Rate, Globally” Will Occur “Exclusively” With Vaccinated People. “Those Deaths Will Be Labeled Swiftly as a New Variant Strain of Covid
Mr. Biden. it’s time for you be honest with the American people, your first obligation is our safety, ask God for direction and STOP spinning the truth about this “Pestilence”, the American hospitals are about to become overwhelmed.
People are in a state of fear, they are susceptible to manipulation and easy for Satan Soldiers to control."
Do you understand what the elitist- YouTube, Fakebook and Twitter think of you, your basement dwellers and deserve to be controlled, Christian are Hate Fill Morons and Big Tech Will Control You…
