Heinz’s boss has warned British citizens to become accustomed to higher food prices as panic-stricken shoppers take off their bare shelves and one-third of our trucks are empty.
Miguel Patricio acknowledged that the firm was “raising prices” for products, including ketchup and baked beans.
Although he did not say how much the price would increase, he blamed rocketing costs on a shortage of truck drivers in the UK.
Patricio also told BBC News that with the world’s growing population, and the scarcity of land to increase production, consumers would have to become accustomed to spending more on food.
But he urged firms to bear the rising costs, adding: “I think it’s up to us and the industry and other companies to try to minimize price increases.”
When asked why this increase is happening, Patricio said: “Especially in the UK, [it is due to] Lack of truck drivers
“In the United States, logistics costs have also risen significantly, and there is a shortage of labor in some sectors of the economy.”
He added that this was also due to the fact that inflation was “at all levels” unlike in previous years.
“Whether it’s corn, sugar, coffee, soybeans, palm oil, you name it, all these basic food commodities are growing,” Kona Haq, head of research at the agricultural commodities firm ED & Fman, told the broadcaster.
This comes amid concerns over supply chain problems ahead of Christmas.
BDOLLP, a business advisory firm, said its research showed that economic growth slowed for five consecutive months due to the disruption.
Prime Minister Boris Johnson has refused to rule out shortages over Christmas, while Chancellor Rishi Sink has said the distribution of some important goods could last for months.
Photographers have taken pictures of empty shelves, especially across London, when people are terrified of confusion.
The Mirror reports that the supply of milk, bread, sandwiches and fizzy drinks is low at some stores in the capital.
LOO less on the roll
Strange shoppers were seen pushing trolleys loaded with toilet rolls and water bottles as the festive rush apparently began earlier in the week.
According to the Office for National Statistics, one in six has been unable to purchase essential items in the last fortnight.
A survey by Grocer. It turned out that a third of people have started stockpiling Christmas food or are planning to do so by the end of October.
Two-thirds of Britons said they were concerned about shortages during the festival.
Meanwhile, low-roll stocks could be in jeopardy again in weeks as paper and food packaging are among the items most affected – raising fears of panic-stricken purchases seen during the epidemic. Gives.
Manufacturers have warned that they will have no choice but to limit production for their financial security as gas and electricity prices rise.
Andrew Large, director general of the Confederation of Paper Industries, said its members were being hit “very, very severely” by the cost increase – and called for an energy price cap for firms to help them look through the winter.
He said: “They are seeing their costs rise from the ceiling. It is hurting their profits and in some cases, because of this they are managing their production rates so that Don’t overdo it.
This came as Boris Johnson acknowledged that the country’s supply crisis could erupt in recent months.
Last Sunday, the prime minister said he agreed with Rishi Sink that chaos could spread to festivals.
The chancellor warned that the shortages were “very real” and that “we are seeing real obstacles in the supply chain in various sectors”.
Meanwhile, the shortage of HGV drivers is being eliminated with bus drivers, who are attracted to higher wages.
On an annual average, drivers earning 32,500 are being lured up to £ 78,000 behind the wheel of a lorry.
Some important bus routes have already been canceled and the number of trips has been reduced.
Angry operators blame roadhole owners for poaching their drivers and warn that they need 4,000 recruits to keep the bus fleet moving.
Britain’s roads could be a icy death trap this winter as councils face a shortage of gritter drivers.
Ministers have stepped up their campaign to address the shortage of truck drivers by creating an additional 2,000 fast-track driver courses.
More than 55,000 domestic drivers have left the industry in the last 18 months. Grocer. Lack of driving tests during retirement, and changes in taxes have all been blamed.
Nearly one million letters have been sent to HGV license holders telling them to leave the industry, including for bus drivers to return.
Despite government efforts, rising economic costs threaten to eat up the higher wages Johnson predicts.
The price of petrol without petrol rose 23 pounds per liter to 1.36 euros last week, raising the price of a full tank for a family car by Rs 11.40.
According to Labor’s analysis, this means that a typical motorcycle that covers an average distance will pay an extra 1 191 over the next year.
And, another blow to the Prime Minister’s level-up agenda, a new study shows that house prices have risen above wages in four out of ten areas.
In the worst-affected parts of the North, Midlands and coastal cities, properties have doubled or tripled their income from going to work.
Labor claims it is removing affordable home ownership from the reach of first-time buyers.
Shadow Housing Secretary Lucy Powell said: “The link between hard work and climbing the housing ladder is broken for locals who want to take root in the community where they grew up.”