Amos 8:11 – “Behold, the days come, saith the Lord Yahweh, that I will send a famine in the land”

 

Empty Shelves: High Prices

Empty shelves and high prices are sounding the alarm with the Federal Trade Commission (FTC).

The FTC recently announced that it is investigating the causes behind ongoing supply chain disruptions from  Walmart, Amazon, Kroger, other large wholesalers and suppliers including Procter & Gamble Co. etc.

The companies will have 45 days from the date they received the order to respond.

 

 

The FTC’s study will examine if companies are committing anticompetitive practices, or contributing to rising consumer prices.

If you’ve gone to your local grocery store I am sure you are seeing sky-rocketing prices from milk, eggs, bread, beef etc.

Walmart, Amazon and other retailers are increasing their prices due to low supplies over high demand items.

It was only a matter of time before red flags were drawn!

 

 

Profits are up despite the impact these disruptions are having in terms of delayed and canceled orders.

The real concern should be what steps the companies are taking to alleviate disruptions?

Competition in the food supply chain is dead. Small business struggle to keep their doors open while larger retailers flourish.

American consumers are left to pay the bill at the end of the day.

 

 

How you can benefit

There are ways in which you can benefit from supply chain woes. One of the advantages of supply chain management is the costs decrease in different areas.

Some manufacturers bypass the retailer and offer the products directly to the consumer.

Consumers can now find deeply discounted items to stock up on.

 

 

Check prices at other stores while you’re in the store (use your phone) or shopping online. That’s the only way you’ll know you’re getting the best deal.

With no price relief in sight, consumers need to be savvy in finding ways to reduce their grocery bills.

 

 

Conclusion

Check your weekly sales ad before hitting any stores. Always stock up on what’s on sale.

In a time when prices are rising, a lot of people are willing to try new things, break old habits.

There are also assets, such as commodities, that may provide more inflation protection than stocks or bonds.

Retailers are looking to make profits, which puts the consumer in control. They want your money so they will always have a sale going on.

In the past, present and future, precious metals such as gold and silver have always hedged against inflation.

 

 

DISCLAIMER: I am not a financial adviser. This site is for educational purposes only. It is imperative that you do your own research. I am sharing my opinion from personal research and experience with no guarantee of gains or losses on investments, finance etc.

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