Billionaire John Katsimatidis warned about meat and egg shortages because disrupts the Omicron supply chain


Billionaire Gristedes CEO John Katsimatidis said Omicron’s recent impact on the US supply chain has led to an increase in groceries prices and may soon affect the supply of meat and eggs.

“Omicron is taking its toll on different levels of the supply chain, whether it’s warehouses, it’s selectors, drivers loaders – and there are bottlenecks in the system when they call in sick,” Catsimatidis told Todd Piro. “Fox & Friends First.”

Katsimatidis said many of these disruptions will continue over the next six weeks as the Kovid-19 mutation affects the labor market. United refining company owners in particular said the Northeast was increasing the prices of various products, including eggs, poultry and beef, due to low supply and high demand.

“Let’s say they usually sell 10 million pounds of poultry. If they raise the price by 10 or 20 cents, some people will buy less chicken and people who really want to buy chicken will figure it out,” Katsimatidis said.

He said the price of oil needed for shipment was exacerbated by the price rise and the shortage of the supply chain.

Meanwhile, John Brunquel, CEO of Egg Innovations, acquired the first US patent for low-fat and cholesterol eggs, echoing Catsimatidis’ sentiment on “Fox and Friends” with co-host Ainsley Earhardt. Vendor issues may soon disrupt egg supply.

Pork prices rose 16.8% in November 2021.
LOVEBYLIFE by Getty Images

Brunquel noted that his business is still 100 percent efficient, but has asked employees to work extra hours or days to keep up with the market.

“If that trend continues, it will put us in a challenging situation by meeting demand.”

In November, beef prices rose nearly 21 percent year-over-year, according to the Bureau of Labor Statistics, while pork and chicken were up 16.8 and 9.2 percent, respectively.

When John Katsimatidis ran for mayor in 2013.
Katsimatidis took a stab at politics, running for mayor in 2013.
Getty Images

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