Be sure to stock up on Thanksgiving turkey, gravy, and cranberry sauce as quickly as possible before the holiday, as many stores are starting to run out of stock.
Market research firm IRI is reporting that many popular Thanksgiving essentials are at a low this year.
Based on CNN Business, retailers offering frozen turkey, packaged pies, liquid gravy and cranberry sauce are all lower than in 2020.
Typically, retailers want an inventory rate of 95 percent, says Krishnakumar Davey, IRI’s president of strategic analytics practice.
Last year, retailers selling Thanksgiving essentials fell short of that goal, and this year, it looks like supply will be much worse.
For the first week of November 2020, national inventory rates for frozen whole poultry, fixed weight Turkey is 86 percent. This year, that rate has dropped to 64 percent.
Other commodities have similarly reduced supply.
The supply of packaged cakes decreased from 78% to 68%, available gravy fell from 85% to 73% and the percentage of cranberry sauce in stock stood at 79% this year, down 10 points from the rate of 89 of last year. percent.
CNN Business attributed the drop to “supply chain disruptions and an unexpected spike in demand.”
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While most consumers will likely be able to afford most of their Thanksgiving essentials, many may be forced to spend more and substitute some items for others.
Cranberry sauce may be one of the items consumers need to substitute for Thanksgiving This year.
Ocean Spray, one of the largest manufacturers of cranberry products, said “consumers may experience some problems with availability for a wide variety of cranberry products” but did not expect Expect “significant impact,” according to CNN Business.
Tony Sarsam, CEO of food distributor SpartanNash, warns that “half a dozen holiday classics” may be harder to find on grocery store shelves this year.
Those include turkey, pie, frozen pie crust, liquid gravy, and cranberry sauce.
Sarsam also warned that other items popular in holiday baking – including cream cheese, whipped cream and buttery fries – may also be in short supply.
However, there is some good news for shoppers hoping to prepare for the holiday season.
Many majors Turkey Processors claim that, despite running out of stock early, they should be able to fill store shelves in time for Thanksgiving.
“We can confirm that there will be Butterball turkeys in stores this season,” Butterball spokeswoman Christa Leupen said, according to CNN Business.
Daniel Sullivan, a spokesman for major turkey producer and processor Cargill, is also “confident that there will be ample supply of turkeys for Thanksgiving this year across the United States.”
https://www.westernjournal.com/thanksgiving-essentials-already-running-stock/ | Thanksgiving essentials are out of stock