Billionaire supermarket CEO warns of potential meat, egg shortage as omicron disrupts US supply chain – By Nikolas Lanum (FOX Business) / January 11, 2022
The price of beef rose nearly 21% in November year-over-year
The recent impact of omicron on the U.S. supply chain has caused grocery prices to increase and could soon impact the supply of meat and eggs, according to billionaire Gristedes CEO John Catsimatidis.
“Omicron is taking its toll at different levels of the supply chain, whether it’s the warehouses, whether it’s the selectors, the drivers the loaders – and as they call in sick there are interruptions in the system,” Catsimatidis told Todd Piro during an appearance on “Fox & Friends First.”
Catsimatidis went on to say that many of these interruptions will continue over the next 6 weeks as the COVID-19 variant impacts the labor market. The United Refining Company owner added that the Northeast in particular is seeing the price of various products, including eggs, poultry, and beef, go up because of low supply and high demand.
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