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News & Articles By Matthew Davis
01/17/2022
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By Matthew Davis
Billionaire supermarket CEO sees increase in grocery prices as omicron worsens US supply chain crisis
Disrupted by the omicron variant, the United States supply chain crisis is expected to worsen resulting in an increase in grocery prices. Billionaire John Catsimatidis, chief executive officer of New York City-based chain of supermarkets Gristedes, said omicron is taking its toll on the supply chain, which will lead to low supply in the face of high […]
11/18/2021
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By Matthew Davis
Coffee prices soar to 7-year high as supply woes hit top producers Brazil, Colombia and Vietnam
Poor weather, shipping snarls and soaring fertilizer prices, which affected supplies from leading producers Brazil, Colombia and Vietnam, sent the price of coffee to a seven-year high. Prices have almost doubled in the past year, raising the cost outlook for companies such as Starbucks Corp. and Peet’s Coffee & Tea Inc. that favor the high-end […]
11/12/2021
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By Matthew Davis
Food prices to rise as nitrogen shortage forces American farmers to scale back on fertilizers
Food prices are expected to rise even more due to a shortage of nitrogen fertilizer, which will prevent farmers from getting what they need for their fields in the future. According to executives at the CF Industries Holding Inc., the lack of fertilizers will lead to a smaller corn yields that will push the prices of food further. If […]
11/12/2021
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By Matthew Davis
Supply chain crisis disrupts operations of food banks
Food banks are being affected greatly by the ongoing supply chain crisis as they see an increasing number of clients while getting smaller amount of foods. “When there’s a shortage in supply chain, it makes it much more difficult for us to be able to provide our clients with food,” said Linda Hansen, the food bank director […]
11/05/2021
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By Matthew Davis
Chinese netizens scramble to stock up on daily necessities for winter and emergencies
Speculations about another Wuhan coronavirus (COVID-19) outbreak and a possible cold snap created a surge in interest among Chinese netizens to stock up on daily necessities. Army biscuits and luncheon meat are among the most searched items online by Chinese citizens after the government urged households this week to stock up on food and daily […]
10/25/2021
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By Matthew Davis
Supply chain crisis prompts retailers to overorder ahead of holiday season
The global supply chain crisis has alarmed many retailers and made them overorder ahead of the holiday season. Some companies are also placing orders too early, which has done nothing to help the problem. “Suddenly, retailers and manufacturers are overordering because of these supply chain issues, and that’s just leading to essentially an even worse scenario,” […]
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