Massive sticker shock and more shortages on the way as expert warns 'hardship is still ahead' - Prices will continue to rise for the foreseeable future
By newseditors // 2021-04-26
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The past few years has been devastating on the food supply chain with flooding, early freezes, and then COVID pandemic lockdowns causing food shortages as farmers and ranchers were forced to destroy their own crops and euthanize their livestock....and that all is just here in the U.S. (Article by Susan Duclos republished from AllNewsPipeline.com) There are many of the same issues globally, bringing us to a point where simply, everyday household items, such as soda, breads, pizza dough, meats, soybeans, wheat, corn and much more have already seen massive price hikes in comparison to last year, and are expected to continue to rise dramatically. Consumables are only part of the problem though, yet the most important part because without food and water, we die. NON-CONSUMABLE SHORTAGES HERE AND MORE COMING......
As the industry entered 2020, high demand was expected in the mobile chip area because of the rollout of 5G devices. That path was turned on its head when COVID-19 became a global pandemic, driving millions, if not billions, of people into the safety of their homes to work, go to school, be entertained and to socialize. Demand for chips powering laptops, gaming devices and internet infrastructure skyrocketed, while chip demand for auto and industrial uses plummeted. When the factories that make basic computer components couldn't make them fast enough, already-long customer waiting lists for those factories got even longer. With demand remaining high and little additional chip-making capacity expected in the short term, the shortage is expected to last into at least next year.
Other areas these shortages will affect include the, personal computers, smartphones, manufacturing plants, and more. CONSUMABLE SHORTAGE ADDITIONS Interestingly the shortages in foods continues to change from one month to another, and the variety of options is far more limited than what they were just a year ago. Now, we see reports that there is a chicken wing shortage, reported on by Newsweek on April 23, 2021:
Chicken wings are the latest food item facing a shortage in the U.S. Restaurants first began to see a lack of chicken wings in February, in the run-up to the Super Bowl, but operators are still struggling to get their hands on the popular appetizer. Restaurant Business Online reported on the chicken wing shortage in February and said at the time that "operators should expect to see continued impacts of what is becoming a major chicken wing shortfall."
Restaurant Business expands:
The current cold storage stock of chicken wings is at its lowest in a decade, said Isaac Olvera, a commodities and data analyst with supply chain firm ArrowStream, citing United States Department of Agriculture figures. "In 2018, we saw wing supplies really grow," Olvera said. "Those cold storage stocks really have been whittled away. It's the lowest wing stocks we've seen since 2011."
Time for those that favor ordering already made and sauced chicken wings to learn how to make them at home. Grocery stores, so far, for the most part, still have some in stock, but when we see these shortages in restaurants, it is coming for us all. The best deals right now are at local grocery stores, but they can also be bought for delivery. Read more at: AllNewsPipeline.com and Collapse.news.
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