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Gristedes chief executive officer John Catsimatidis weighs in on the impact of supply chain hold-ups, rising inflation, as well as the prospective candidates for 2024 election.
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JOHN CATSIMATIDIS: "It's a multiple option of things taking place. First off, you have omicron. Second of all, now you have the climate in addition to it. Third of all, you had the rate of petroleum– it's 83, 84, 85, 86 dollars going to. And also if Russia shakes a little bit around and imagines they're going to assault Ukraine, you can have $100 oil and also Mr. Putin will be giggling all the way to the financial institution. So what's taking place in our country is omicron is maintaining a great deal of people house in the Midwest and also a great deal of locations, tiring the ability of stockrooms to equip the item, load the item, and also put it on the trucks that deliver to the stores. Currently, what's going on? There's a scarcity of truck vehicle drivers, so it produces an entire system of troubles."
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Why are grocery store shelves empty?
Gristedes CEO John Catsimatidis weighs in on the impact of supply chain delays, rising inflation, and the potential candidates for 2024 election.
...
JOHN CATSIMATIDIS: "It's a multiple choice of items happening. First of all, you have omicron. Second of all, now you have the weather on top of it. Third of all, you had the price of crude oil -- it's 83, 84, 85, 86 dollars going to. And if Russia shakes a little bit around and makes believe they're going to attack Ukraine, you can have $100 oil and Mr. Putin will be laughing all the way to the bank. So what's happening in our country is omicron is keeping a lot of people home in the Midwest and a lot of places, taxing the ability of warehouses to stock the product, load the product, and put it on the trucks that deliver to the stores. Now, what's going on? There's a shortage of truck drivers, so it creates an entire system of problems."
...
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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
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