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
Indeed Announces 1,000 Workers Will Be Laid Off
The job search engine is experiencing some layoffs of its own.
Walmart To Lay off Hundreds of Corporate Staff Members
Walmart is set to lay off hundreds of its corporate staff members. The retail giant will also ask their remote workers to return to the office on a hybrid schedule.
Diamond Industry Shakeup: Anglo Divorces De Beers
The diamond industry is facing a seismic shift as Anglo American Plc announces plans to part ways with its iconic De Beers business.
Home Depot’s First-Quarter Revenue Disappoints
Home Depot, a major player in the home improvement retail sector, recently released its fiscal first-quarter earnings, revealing a complex picture of consumer behavior influenced by economic factors. While the company’s earnings per share exceeded expectations, its revenue fell short, indicating a trend of deferred spending among customers.