Shortage in supermarkets: the winter cold and high oil prices, among the reasons

There are still half-filled shelves in supermarkets, due to delays with the supply chain.

Photo: Michael Loccisano/Getty Images) / Getty Images

The Covid pandemic, oil prices and winter weather woes have a lot to do with empty supermarket shelves, said John Catsimatidis, CEO of retail chain Gristedes.

The businessman maintained in an interview with the FOX network that the phenomenon that is being experienced in the United States is a set of phenomena that are happening, he also predicted that Russia attacking Ukraine could raise crude oil prices to $100 per barrel.

The director said that it is important to focus on reducing the price of oil through the opening of Canada and Alaska, he assured that this action could be the solution to reduce the extremely high inflation. High fuel prices affect the movement of groceries and essential products.

Regarding the pandemic, the Gristedes leader argued that the Omicron variant represents an entirely different threat to US supply.

Ómicron supports a lot of people in the Midwest by taxing the ability of businesses to store product, load it, and put it on trucks that deliver it to stores,” he said. “Now what is going on? There is a shortage of truckers, so it creates a whole system of problems.”

Catsimatidis predicted that food prices will continue to rise and considered that high inflation is a tax on the lower middle class, since “they are the ones who pay the price.”

Grocery stores have been struggling to keep their shelves stocked since 2020 due to food shortages and supply chain delays, in addition to a lack of workers who have contracted coronavirus.

Winter storms also add delays to the supply chain so shoppers will see some product shortages over the next few days.

According to a survey by the market research company IRI A grocery store in a normal time is between 90% and 95% stocked. on all of their products, but consumers start to notice empty shelves when supermarket shelves inventory drops below 90%.

According to IRI, juices, energy drinks, pet food, cookies, frozen meat are below 90% of stock during the week ending January 9, and refrigerated beverages are below 88%. .

You may also like: What is inflation and how does it affect your pocket?