Meat Supply Disruptions Prompt Kroger and Costco to Limit Chicken, Pork, and Beef Purchases
Despite President Donald Trump's executive order mandating meatpacking plants remain open through the coronavirus pandemic, serious food supply shortfalls are increasing, pushing Kroger (NYSE: KR), Costco (NASDAQ: COST), and other supermarkets to rein in customers' meat purchases. Both major retailers have placed strict limits on the amount of meat one person can buy in an effort to prevent people from completely stripping shelves.
Earlier in the pandemic, Americans emptied stores of toilet paper and hand sanitizer for weeks, making the products inaccessible to many. Now it seems to be meat's turn, with Tyson Foods (NYSE: TSN) warning of a potential 50% drop in the supply as processing is disrupted across the intensely centralized industry.
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Source Fool.com
