I'm in supply chain dealing with the fukkery AMA; Update: Chip shortage until at least 2022

MajesticLion

MajesticLion

Veteran
Joined
Jul 17, 2018
Messages
31,351
Reputation
6,035
Daps
67,669
Two days ago. They're smelling profit. :francis:


:hubie:

Kraft Heinz says people must get used to higher food prices

Kraft Heinz says people must get used to higher food prices

People will have to get used to higher food prices, the boss of Kraft Heinz has told the BBC.

Miguel Patricio said the international food giant, which makes tomato sauce and baked beans, was putting up prices in several countries.

Unlike in previous years, he said, inflation was "across the board".

The cost of ingredients such as cereals and oils has pushed global food prices to a 10-year high, according to the UN Food and Agriculture Organisation.

Kraft Heinz has increased prices on more than half its products in the US, its home market, and Mr Patricio admitted that is happening elsewhere too.

"We are raising prices, where necessary, around the world," he said.

During the pandemic, many countries saw production of raw materials, ranging from crops to vegetable oils, fall. Measures to control the virus, as well as illness, limited output and delivery.

As economies have restarted the supply of these products hasn't been able to keep up with returning demand, leading to higher prices. Higher wages and energy prices have also added to the burden for manufacturers.

Mr Patricio says this broad range of factors is contributing to the rising cost of food.

"Specifically in the UK, with the lack of truck drivers. In [the] US logistic costs also increased substantially, and there's a shortage of labour in certain areas of the economy."


Mr Patricio says that consumers will need to get used to higher food prices given that the world's population is rising whilst the amount of land on which to grow food is not.

In the longer term "there's a lot to come in technology to improve the effectiveness of farmers" that will help.

Not all cost increases should be passed on to consumers, Mr Patricio said. Firms would have to absorb some of the rise in costs.

"I think it's up to us, and to the industry, and to the other companies to try to minimise these price increases," he said.

But big food producers like Kraft Heinz, Nestle and PepsiCo "will most likely have to pass that cost on to consumers" according to Kona Haque, head of research at the agricultural commodities firm ED&F Man.

"Whether it's corn, sugar, coffee, soybeans, palm oil, you name it, all of these basic food commodities have been rising," she said.

"Poor harvests in Brazil, which is one of the world's biggest agricultural exporters, drought in Russia, reduced planting in the US and stockpiling in China have combined with more expensive fertiliser, energy and shipping costs to push prices up."

But she said food producers would all be affected and would therefore all be raising prices in similar ways: "because it's so widespread that everyone will do it, meaning they probably won't lose customers".

This week PespsiCo warned it was also facing rising costs on everything from transport to raw ingredients, and said that further prices rises were likely at the start of next year.
Click to expand...
 
Jimmy from Linkedin

Jimmy from Linkedin

All Star
Supporter
Joined
Oct 10, 2017
Messages
2,394
Reputation
1,616
Daps
7,189
Reppin
Managing Director at Breh & Breh, Inc
יוֹאֵל said:
You in Charlotte?

We have an exclusive contract with them…we provide them with their salmon, tuna and trout and sometimes swordfish. Our crab meat is too expensive for them so they get that from another competitor who’s like one dollar fukking cheaper.

Yeah a lot of these restaurants are either cutting back on the meat in the entrees, doing crafty stuff to hide the ratio or substituting for imitation crab meat which has been flying off the shelves from our warehouse for the past two months..if you’re going to Juicy Crab, Harbor Inn, etc here in Charlotte and getting seafood pasta or crab cakes, you’re probably getting that imitation crab meat served to you.
Click to expand...
the bolded is so silly, what I dont understand as it relates to business. Dont you have to pay like shipping and other fees that kinda cancel out that other dollar, because if they got it all from you they wouldnt have those same fees with another supplier?

and yeah been here since last july s/o the greenways / west blvd
 
9

97Pac

Superstar
Supporter
Joined
Jan 3, 2018
Messages
4,388
Reputation
1,255
Daps
21,656
יוֹאֵל said:
You in Charlotte?

We have an exclusive contract with them…we provide them with their salmon, tuna and trout and sometimes swordfish. Our crab meat is too expensive for them so they get that from another competitor who’s like one dollar fukking cheaper.
Click to expand...

Is Swordfish popular? My neighbor catches them sometimes and gives the meat away normally, the belly on them is :blessed:. I have no shortage of snappers, wahoo, mahi and Tuna thanks to him. Had some fresh Wahoo yesterday as he says they are currently biting.
 
You must log in or register to reply here.
Top