Labor and material shortages behind out-of-stocks at Rouses and other grocers
August 23, 2021
Donny Rouse, CEO of Rouses Markets, said that the chain’s 60 supermarkets are sometimes receiving as little as 40 percent of the products they order in categories ranging from canned items to pet food compared to a 90 percent fill rate prior to the pandemic. Rouses Markets is not alone in its challenges as industry experts point to labor and raw materials shortages rippling throughout the supply chain.
Recent News
TikTok Suspends TikTok Lite Rewards Program in the EU
A TikTok service offering rewards such as gift vouchers for watching videos has been suspended by the social media site.
FCC Votes To Restore Net Neutrality Rules
The Federal Communications Commission (FCC) voted 3-2 on Thursday to reinstate net neutrality rules that were rolled back during the Trump administration.
Blackstone To Buy Tropical Smoothie Cafe
Alternative asset manager Blackstone is set to buy the restaurant chain Tropical Smoothie Cafe.
Ford’s Total EV Sales Post $1.3 Billion Loss in Q1
Ford’s EV division, known as Model e, faced a tough start to 2024.