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Grocery Price Hike Looming

As a shortage in the supply chain makes some items increasingly difficult to find in food stores across the United States, one local grocery chain warns that a price hike is imminent.

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NASSAU, BAHAMAS – As a shortage in the supply chain makes some items increasingly difficult to find in food stores across the United States, one local grocery chain warns that a price hike is imminent.

Super Value’s President and Chief Financial Officer tells our Kyle Walkine the company is doing its best to hold off on this move until after Christmas.

 



It’s an issue being felt all across America- a supplies shortage due to a supply chain issue with record levels of congestion at ports on the east and west coast. The result, dozens and dozens of cargo ships with goods waiting to be offloaded.

However, there’s also a shortage of labour to offload the containers and when they are offloaded, there’s a shortage of manpower to deliver the goods.

Its being felt here in The Bahamas with the price of items like cornbeef already going up

Super Value Food Stores President and Chief Financial Officer Debra Symonette says while they’re trying to keep items on the shelves, a price hike is imminent.

The company is trying to hold off on passing that cost off to consumers at least until after Christmas.

Customers could be facing an eight percent increase.

Some stores across the U.S. Have already advised consumers that some of their favorite items may be out before Christmas, and it’s not just food items, but popular things that make for the best Christmas gifts.

Symonette says while shipping is undoubtedly creating concern, consumers shouldn’t panic as the company is working to offer options and perhaps more local brands.

For Our News, I’m Kyle Walkine.

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