Article Image

IPFS News Link • Supply Chain Disruption

We're Only One Huge Event Away From 'When The Food Runs Out'-

• https://allnewspipeline.com By Stefan Stanford

According to Kraft Heinz Foods CEO Miguel Patricio, not only are higher inflation and supply issues coursing through the food industry but he doesn't see an end to the issues anytime soon. 

Telling CNN Business the issues of the past several years in the food industry will surely continue into 2023 if he is correct, besides more shortages and price increases, Patricio warns "beyond the double-barrel challenges of shortages of raw materials and inflation, issues like the continuing pandemic and the war in Ukraine......are adding to the uncertainty.....making things very hard for the entire industry."

And while CNN Business reports Patricio has been keeping obsessive track of supply chain shortages, to the point where he can actually predict what shortages will be coming next, as he told CNN, "It's a constant fight to try to minimize price increases" because "Every day we have a new problem. It's the new normal." 

Also warning that "every day there's a shortage of something," with tomato shortages leading to some shortages on products such as 'ketchup,' as that story reported, despite the tomato shortage, Patricio vows Heinz ketchup will stay on the shelves as usual because "We predicted that we would have a problem with the crop of tomatoes.....so we bought them in advance."


thelibertyadvisor.com/declare