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Supermarkets Are Stockpiling Inventory as Food Costs Rise
wsj ^ | 7/6/21 | Jaewon Kang

Posted on 07/09/2021 11:01:18 AM PDT by Roman_War_Criminal

Supermarkets are stocking up on everything from sugar to frozen meat before they get more pricey, girding for what some executives anticipate will be some of the highest price increases in recent memory.

Some supermarkets said they are buying and storing supplies to keep their shelves full amid stronger demand. Grocery sales in the U.S. for the week ended June 19 rose about 15% from two years earlier and increased 0.5% from a year earlier, according to Jefferies and NielsenIQ data.

Stockpiling by food retailers is driving shortages of some staples, grocery industry executives said, and is challenging a U.S. food supply chain already squeezed by transportation costs, labor pressure and ingredient constraints.

(Excerpt) Read more at wsj.com ...


TOPICS: Business/Economy; Culture/Society; Miscellaneous; News/Current Events
KEYWORDS: chainsupply; food; foodsupply; groceries; inflation; oodaloop; prepper; preppers; starvation; supplychain
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To: Grampa Dave

Aside from ground beef, the cheapest beef is pushing $7/lb. That’s a huge increase from before covid.


41 posted on 07/09/2021 2:03:52 PM PDT by bgill
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To: Roman_War_Criminal

Plenty of TP at Costco.
I recently saw 3 shelves high full plus on the floor another row of pallets. They may know something we don’t...


42 posted on 07/09/2021 2:38:29 PM PDT by minnesota_bound (I need more money. )
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To: Bayard; Tilted Irish Kilt
Stores know a second lock down will be attempted.

It sounds like it.

In that case, it behooves us to prepare as well.

43 posted on 07/09/2021 6:18:56 PM PDT by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith……)
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To: hardspunned

Look into Tattler Reusable Canning Jar Lids.

I have used them and they work great.


44 posted on 07/09/2021 6:20:04 PM PDT by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith……)
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To: metmom; 4everontheRight; 4Liberty; 5thGenTexan; 45semi; 101stAirborneVet; 300winmag; ...
Supermarkets Are Stockpiling Inventory as Food Costs Rise
Stores know a second lock down will be attempted.

metmom: "It sounds like it.
In that case, it behooves us to prepare as well."

If another lock down occurs, expect a further supply chain breakdown,.. and possibly longer lasting.
Many of the long-distance truckers have left the job, and it takes months to train replacements, and have them pass medical exams.
Many trucking companies and manufacturing companies are offering bonuses for new employees, and re-employment bonuses for those that are already trained and licensed.

45 posted on 07/10/2021 6:00:40 AM PDT by Tilted Irish Kilt
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To: Tilted Irish Kilt

I am so screwed.


46 posted on 07/10/2021 6:05:30 AM PDT by Lazamataz (I feel like it is 1937 Germany, and my last name is Feinberg.)
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To: Roman_War_Criminal

Anybody with experience in business will know that when prices are rising, that is NOT the time to stockpile.


47 posted on 07/10/2021 6:07:56 AM PDT by SamAdams76 (Give me a Pigfoot and a Bottle of Beer)
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To: ferret_airlift

I love my tatters. I had a bit of a learning curve since they aren’t as idiot-proof as the metal lids. But now I think all of my filled jars have tattlers on them other than the butter. But that wasn’t canned the normal way and I didn’t think the Tattler Lids would work.

I bought a bunch of lids and then even more of the Rings at the same time. Only the Rings will ever need replacing and possibly every 10 uses.


48 posted on 07/10/2021 6:13:40 AM PDT by CottonBall (MAKE REPUBLICANS WHIGS AGAIN!)
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To: Tilted Irish Kilt

I have continued to prepare diligently since 2008 and more so since 2019. Getting stocked up before prices get sky high.


49 posted on 07/10/2021 6:22:39 AM PDT by greeneyes ( Moderation In Pursuit of Justice is NO Virtue--LET FREEDOM RING)
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To: subterfuge

“Snyder: 5 Specific Reasons Why You Should Stockpile Food Right Now”

Looking forward, there are several factors that are likely to combine to cause food inflation to accelerate even more in the months ahead. The following are 5 specific reasons why you should stockpile food right now…

#1 Supermarkets are feverishly stockpiling food, and the Wall Street Journal is reporting that they are doing this in anticipation of “the highest price increases in recent memory”.

#2 The U.S. government is going to continue recklessly spending money, and the Federal Reserve is going to keep pumping more giant mountains of fresh cash into the financial system.

#3 Gas prices keep surging, and this is making it more expensive to transport food around the country.

#4 The endless “megadrought” in the western states just continues to intensify

#5 On top of everything else, an enormous plague of grasshoppers is now causing massive headaches for farmers in our western states.

https://www.zerohedge.com/personal-finance/snyder-5-specific-reasons-why-you-should-stockpile-food-right-now


50 posted on 07/10/2021 6:28:43 AM PDT by Lakeside Granny (Vote RED~R.emove E.very D.emocrat~D&S)
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To: Tilted Irish Kilt

The local truck driving training place shut down a few years back. Hear the same had happened around the country.

Speaking of “trains”. Many railway lines have also shut down so that’s another avenue that can’t be up and running quickly.


51 posted on 07/10/2021 6:35:17 AM PDT by bgill
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To: Tilted Irish Kilt
If another lock down occurs, expect a further supply chain breakdown,.. and possibly longer lasting.

Last fall I noted supermarket chains establishing closer warehouses with identified critical food and supplies. Washington State was leading efforts for a state stockpile.

Just in time shipping has gone from single day to multiple day turn arounds. The trucking industry is suffering from driver shortages. If we have another hit like the lockdown, real food shortages could cause things to go sideways in urban areas very quickly.

52 posted on 07/10/2021 6:44:54 AM PDT by Godzilla (Never give up, never surrender . . . . . .)
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To: SamAdams76

Unless they can sell those goods that they just bought for double or triple the price in 3 months.

We’ll be in the fall again by then - waiting for LOCKDOWN 2.


53 posted on 07/10/2021 7:29:00 AM PDT by Roman_War_Criminal (Jesus + Something = Nothing ; Jesus + Nothing = Everything )
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To: hardspunned

Last week I ran across wide mouth Ball jars, and many boxes of extra lids, at one of our local Meijer. Picked up one case of jars and several boxes of extra lids. I don’t do a ton of canning, but it was nice to see these for when the time is right.


54 posted on 07/10/2021 7:51:23 AM PDT by FamiliarFace
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To: Pollard

Goat milk makes great cheese too!


55 posted on 07/10/2021 8:20:22 AM PDT by Rusty0604 (" When you can't make them see the light, make them feel the heat." -Ronald Reagan)
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To: Rusty0604

Yeah, I think I might get a dairy goat too sometime. We have meat goats and they don’t have milk to spare.


56 posted on 07/10/2021 8:25:40 AM PDT by Pollard
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To: Beagle8U

Thanks for the tip! I can’t go today, but maybe tomorrow I can stop in and get some lids.


57 posted on 07/10/2021 8:46:29 AM PDT by FamiliarFace
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To: Tilted Irish Kilt

You know it is bad that they’re stocking up on “perishables” like frozen meat.


58 posted on 07/10/2021 9:04:15 AM PDT by tbw2
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To: Bayard
Stores know a second lock down will be attempted.

totally agree
the beatings will continue until moral improves

59 posted on 07/10/2021 6:40:08 PM PDT by SisterK (Maranatha)
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To: tbw2
tbw2 :" You know it is bad that they’re stocking up on “perishables” like frozen meat. "

The best way to keep employees in a grocery store is to make sure that there are supplies in reserve/ back stockroom for the employees; product that will never hit the shelves.

The other option comes from the stock market :" Buy low,.. sell high ", especially if they know that a shortage is going to occur.
It will increase the store profit margin, enough hopefully, that the store can remain in business after a re-occurrence of a pandemic.

60 posted on 07/11/2021 8:26:03 AM PDT by Tilted Irish Kilt
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