Billionaire Supermarket CEO Omicron warned of potential meat and egg shortage as disruption to US supply chain


According to billionaire Gristedes CEO John Katsimatidis, the recent impact of Omicron 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, be it warehouses, it’s selectors, drivers loaders – and there are obstacles in the system when they get sick,” Katsimatidis said. Todd Pirro At the time of appearance “Fox & Friends First.”

Katsimatidis said many of these disturbances will continue over the next 6 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.

US Labor Secretary: ‘No question’ OMICRON will affect next month’s jobs report

“Let’s say they usually sell 10 million pounds of chicken. If they increase the price by 10 or 20 cents, some will buy less chicken and people who really want to buy chicken – they figure it will be for them to buy.” Said Katsimatidis.

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. “Fox and friends” With the co-host Ainsley Earhardt, The increase in demand, coupled with the problems of workers, freight and vendors, has warned that the supply of eggs may soon be disrupted.

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.”

Read more from Fox Business

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.

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