During COVID-19, data from the USDA shows prices for most groceries are up about 3-5 percent compared to last year, especially for items like milk, meat, fresh fruit, and vegetables.
Experts say the price increase has to do with processing plants being closed, combined with more people being home and panic buying.
"Food supply chains essentially cannot move inventory fast enough...with the prospect of a second wave of COVID-19 cases some consumers are still in this panic buying mode if you will and unintentionally those actions are contributing to higher prices," explained Dean Le Blanc, a professor of Supply Chain Management. "Make sure that you're shopping at multiple stores. We all know that when it comes to food selections that most grocers have some strengths and weaknesses"
In case you are keeping track:
Drone deliveries and holograph shopping are being fast tracked thanks to coronavirus: here
Coronavirus has accelerated the shift to virtual reality shopping, drone deliveries, and human-free stores like Amazon Go, according to one top banker.
Investors looking for companies that are ahead of the curve in terms of the future of grocery shopping should focus on Walmart WMT, -1.16% , Amazon AMZN, -2.24% and Kroger KR, -0.30% partner Ocado OCDO, +2.21% , Paul Cuatrecasas, founder and chief executive of investment bank Aquaa Partners, told MarketWatch in a recent briefing.
Chick-fil-A Proposed For Shopping Center - LevittownNow.com
Chick-fil-A is planning a second location with a drive-thru in Middletown Township, according to documents reviewed by LevittownNow.com .
The fast food chain known for polite staff and chicken sandwiches has submitted plans to Middletown Township and county planners for a new roughly 5,000-square-foot eatery with a drive-thru, 104 indoor seats, and outdoor seating in what is now the parking lot between the Starbucks and Inspire Federal Credit Union and in front of Floor and Decor at 1501 East Lincoln Highway.
Shopping centre giant Intu enters administration - BBC News
The firm, which owns the Trafford Centre, the Lakeside complex, and Braehead, said earlier it had not reached an agreement in financial restructuring talks with its lenders.
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The significance of Intu's collapse "cannot be understated," said Richard Lim, chief executive of Retail Economics.
The coronavirus lockdown is speeding up a trend towards buying more consumer goods online, he said. He estimates 50% of workers normally can't receive parcels at work.
Were you following this:
Mexico City reopening shops, street markets, sport complexes - ABC News
Mexico City announced that starting next week it would allow the reopening of shops, street markets and athletic complexes but with limited capacity and hours.
Hotels and restaurants in the capital will reopen next week at about 30% seating capacity. And despite the announcement on markets, many of the city's street markets never closed during the pandemic.
By July 6, shopping malls and department stores will open. Bars, gyms, schools and other businesses will remain closed.
28 of the Best Style Deals Actually Worth Shopping Right Now • Gear Patrol
Save 50%: This is what happens when your favorite sweatshirt and your favorite t-shirt have a baby.
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Save 35%: Malibu’s updated take on the classic huarache shoe combines crepe soles with an all-vegan upper.
Save 49%: Underwear is not something you should cheap out on (unless it’s really good underwear on sale).
We're bringing you all the best deals we discovered today, so you can have the chance to shop before it all sells out.
Porto's closes Downey shop after workers contract COVID-19 - Los Angeles Times
Porto's Bakery has temporarily closed its Downey location after three employees tested positive for COVID-19, the company announced this week.
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"This temporary closure will allow us to bring in an outside professional company to disinfect the entire bakery, above and beyond our daily rigorous processes and allow team members time to obtain testing," company officials wrote in a statement Thursday.
To Our Valued Guests, The safety and well-being of our team, guests and our community are fundamental to our family...
Why are everybody's used clothes (and junk) piling up in shopping center parking lots?
Valerie Morgan, of Baldwinsville, drops off clothing at the Rescue Mission donation trailer in the Wegmans parking lot on Route 31 in Clay on Wednesday, June 24, 2020. Rick Moriarty | rmoriarty@syracuse.com
Syracuse, N.Y. — Drive by any of the Rescue Mission's 13 operating donation centers around the Syracuse area any day of the week and chances are you'll find loads of used clothing, furniture, household items and some just plain junk stacked up.
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