inflation

You may have looked at your receipt recently after checking out at the grocery store and wondered “Why is my bill so high when I’ve been buying the same products for months?” Here’s the simple answer for you: Meat prices have gone up 10.5%  in the past year. This increase in price for poultry is due to multiple factors, including shortages, and more people are switching to plant-based diets during the pandemic. People have grown more concerned about their health since the pandemic began, and this especially includes aspects of diet. Lock down in 2020 allowed for people to (literally) sit and evaluate their decisions when it came to lifestyle and health choices, with many people reconsidering what they eat, especially when it comes to meat. When we reached the summer of 2020, plant-based food sales more than doubled (+243 percent),with consumers putting 14 percent more meat-free and dairy-free options in their baskets.  Continue reading →

What is happening with the supply chain: A huge clog in the supply chain pipeline is causing major delays in imports of goods such as toys, clothing, electronics, and other items. No one knows how to fix it or what to do.  80% of goods are transported overseas Covid outbreaks in Chinese ports also affects shipping status Inflation is increasing as demand outpaces supply  How does this affect businesses and companies: The median cost of shipping has almost doubled since July, which was already twice what it cost in January. Businesses are having to order ahead of time to avoid running out of goods, which is only making things worse by increasing the shipping backlog. Companies are not receiving their products on time or in the quantity they need, leading to a shortage of goods, which then leads to disappointed and frustrated customers.  Continue reading →