Consumers, already affected by rising prices, now have to worry about the shortage of products.
Over the past few months, a handful of common products have become harder to find, and more could be added to the list.
FOX Business takes a look at the crisis facing consumers.
A spokesperson for Tampax, which is owned by P&G, told FOX Business that this is “a temporary situation and the Tampax team is manufacturing tampons 24/7 to meet the growing demand for our products.” .
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The company says it is working with retail partners to maximize availability, which it believes has “increased dramatically in recent months.”
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However, social media users have noticed this.
“Is there a shortage of tampons or something? I just went to five different Walgreens and the shelves are LIGHT BLUE,” said a Twitter user.
Walgreens told FOX Business it is working with its suppliers to ensure its stores have supplies available.
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|CVS||CVS HEALTH CORP.||88.68||-1.19||-1.32%|
“However, as with other retailers, we are experiencing some temporary shortages of brand specific tampons in some geographic areas,” the company said. “While we will continue to have off-the-shelf and online products, they may only be from specific brands as we face supply disruption.”
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CVS also told FOX Business that there have been “instances where suppliers have not been able to fulfill the full amount of orders placed” in the past few weeks, but that the company is working with “suppliers to ensure we have a large supply of tampons in our stores. ”
The company added that if a store is temporarily out of stock with specific products, it “will work to restock those items as quickly as possible.”
Formula for children
According to the most recent data from retail data company Datasembly, parents aren’t breaking down much as the out-of-stock rate for infant formula jumped to 73% nationwide for the week ending May 29. This is a significant increase from the start of the month when the national out-of-stock rate for infant formula was 45%.
Retailers have been forced to place purchase limits on products as the shelves remain bare.
Abbott Nutrition’s Sturgis, Michigan factory, which exacerbated the shortage across the industry, restarted production on June 4. However, the plant’s infant formula products will not return to store shelves until at least mid-July, according to the company’s production schedule.
|ABT||ABBOTT LABORATORIES||102.49||+0.30||+ 0.29%|
In May, President Joe Biden invoked the Defense Production Act to speed up the production of infant formula and authorized flights to import supplies from overseas to help parents in dire need.
In April, Huy Fong Foods, Inc., the nation’s leading producer of sriracha sauce, sent a letter to customers about an impending shortage, which would directly impact retailers and restaurants.
“Unfortunately, we can confirm that there is an unprecedented shortage of our products,” Huy Fong Foods told Fox News Digital in an email.
“We are still trying to solve this problem he has [been] caused by several spiraling events, including unexpected crop failure due to the spring pepper harvest, “the email continued.” We are hoping for a fruitful autumn season and thank our customers for their patience and continued support in this difficult time “.
According to Huy Fong Foods, the problems began in July 2020, when the company began experiencing a shortage of chili peppers. The shortage has worsened in recent months after poor weather conditions negatively impacted the chili harvests this year.
Bottles of wine
According to Eat This, Not That, a shortage of glass bottles is still ongoing.
Supply chain company Resilinc told FOX Business that “the cost of glass bottles has increased by up to 20%, mainly due to the shortage of raw materials needed to produce the glass.”
Due to “constraints related to raw materials, logistical problems and inflation, wine producers may be forced to pass the costs on to consumers,” the company added.
However, it will depend on the size of the operation.
“Larger winery operations with deeper pockets and longer lead times on orders are not as impacted by the impact,” the company said. “Smaller wineries that have lower purchasing power could be affected differently. While they don’t necessarily want to pass 100% of their costs on to consumers, they will likely have to raise prices along with higher profits.”
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“Three years ago they were our beer and wine cans, now they are real bottles,” Moersch Hospitality Group CEO Matthew Moersch told WSBT 22.
According to Boxed CEO Chieh Huang, there may be more problems on the horizon.
“This summer, I believe that in the beverage industry you will start to see some sort of price increase or shortage just because … already these factories are pumping it at full speed. If you add the increase in summer demand, we don’t know where. it will turn out, ”Huang said “Varney & Co.” earlier this month.
Cortney Moore of FOX Business and the Associated Press contributed to this report.