We're all about to pay more, at least for the next few weeks or months, at the grocery store. Blame the coronavirus.
We're all about to pay more, at least for the next few weeks or months, at the grocery store.Unprecedented demand, the shutdown of some food manufacturing facilities and a shift to more workers having to assemble orders for pickup and delivery — all caused by the coronavirus pandemic — are adding costs into the grocery business, and some of those costs will eventually make their way to the checkout lane, industry-watchers say.
Then, bars and restaurants shut down, or their business slowed to a trickle after they were constrained to only carry-outs and delivery. People had no choice but to stay home and eat. That drove business at grocery stores to levels never before seen. Observers say manufacturers have been reducing or eliminating incentives — demand is so high they don’t need to offer deals on anything — and, at least temporarily, that will lead to higher prices at the supermarket.
The business has grown because a segment of the population particularly vulnerable to the virus had no choice but to shop from home.
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