Britain will now see ‘permanent food shortages’ and it’s ‘going to get worse’… Kroger: Grocery prices headed higher…

Food and Drink Federation chief Ian Wright said the country won’t run out of food, but the days of shoppers knowing they can get whatever they like at the supermarket are gone forever

Britain is “now in for permanent shortages” of popular food and drink items on the shelves, an industry chief declared today.

Ian Wright, outgoing chief executive of the Food and Drink Federation, warned supply issues that have hit supermarkets, Nando’s and McDonald’s are “going to get worse” as the labour market changes permanently after Covid.

Mr Wright emphasised “these shortages don’t mean you’re going to run out of food”.

But he warned incidents like no bottled water being available in the whole of eastern England could become more common.

He added: “The UK shopper could have previously expected just about every product they want to be on shelf or in the restaurant all the time.

We are primarily funded by readers. Please subscribe and donate to support us!

“That’s over and I don’t think it’s coming back.”

FOX Business’ Jeff Flock reports on how consumers have been affected by rising meat prices.  Grocery prices are headed higher later this year, according the U.S.’s largest supermarket by sales.  Cincinnati-based Kroger Co., which had $132 billion in sales last year, says inflation is running hotter than management previously anticipated and that expectations are now for prices to rise 2% to 3% over the second half of this year. Ticker Security Last Change Change %KR THE KROGER CO. 42.67 ‑3.46 ‑7.50%Kroger is “passing along higher cost to the customer where it makes sense to do so,” said CFO Gary Millerchip on the company’s second-quarter earnings call on Friday.  Management at Kroger rival Albertsons Companies Inc. earlier this summer expressed similar concerns that inflation would pick …


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.