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Sysco

Sysco Having Trouble Keeping Shelves Stocked

Posted: August 30, 2021

According to Bloomberg, some of the largest U.S. food distributors are “reporting difficulties in fulfilling orders as a lack of workers weighs on the supply chain.” Take distribution giant Sysco, North America’s largest wholesale food distributor, which is turning away customers in some areas where demand is exceeding capacity.

Worse, food inflation is about to soar: the company said prices for key goods such as chicken, pork and paper products for takeout packaging are climbing amid tight supplies. In particular, production has slowed for high-demand, labor-intensive cuts like bacon, ribs, wings and tenders, Sysco said. And if intermediate and final wholesale prices are “rising”, just wait until they emerge on the consumer side.

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Read this at ZeroHedge Link opens in new window.

SOURCE URL
https://www.zerohedge.com/markets/largest-us-food-distributor-having-trouble-keeping-shelves-stocked-price-shock-imminent

Tags: Bloomberg, Supply Chain, Sysco, ZeroHedge Category: Business & Finance, Food

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