The Economy is Only Going to Get Worse – High Food Cost Being a Catalyst – IOTW Report

The Economy is Only Going to Get Worse – High Food Cost Being a Catalyst

A typical New Yorker had her food delivered early in the Covid outbreak. It was worth the $30 in fees and tips to avoid the store. But as her rent rose (over $600 a month) she reduced delivery from her budget. The elderly woman now walks four blocks to the grocery store several times a week. She only utilizes delivery during heat waves.

As food costs increase, US demand for grocery delivery falls. Some consumers are changing to pickup, a cheaper alternative in which shoppers drive up curbside or go into the store to pick up their already-bagged goods, while others say they’re comfortable shopping alone. In the first year of Covid, grocery delivery grew rapidly. Paranoid Americans spent $500 million on grocery delivery in August 2019—a pre-pandemic month. According to Brick Meets Click, it reached $3.4 billion by June 2020.

Demand slowed as the outbreak subsided. June 2022 food delivery spending was $2.5 billion, down 26% from 2020. This caused industrial upheaval. Jokr left the US in June after Buyk declared bankruptcy in March. Instacart, the US market leader, cut its valuation by 40% in March ahead of an IPO. The number of US buyers who want to utilize grocery delivery “all the time” has dropped by half since 2021, according to a consultancy group.

Cost is very important. DoorDash and Target charge monthly or annual fees for free delivery. The premiums are hard to chew on top of increasing food prices; in June, US supermarket food prices rose 12.2% in a year.

In addition, “People don’t utilize delivery because they want to go out of the home,” said one lady who has returned to shopping in person.

24 Comments on The Economy is Only Going to Get Worse – High Food Cost Being a Catalyst

  1. Never stopped shopping in person. I wore a mask 1 1/2 times. Speed shopping the rest of the time. Stay away from the mask-holes and move fast.
    Menards told me to wear a mask, after I checked out. I told him, “OK, I’ll shop someplace else”.

    11
  2. I will never understand why people did this. When did Americans become such wussies, scared of the darn flu to the point they didn’t leave their homes?
    I don’t sugarcoat it with anyone either, anyone I know who wore a mask, stayed hidden under their bed, who I hear complain now about inflation, I let them have it. Ultimately all of this is their fault and I tell them that. Some of them I warned when it first started what the country would be like if they didn’t throw away the stupid masks and live their life.
    Thankfully I rubbed off on my daughter, she told one of her ex-friends the other day who was whining they couldn’t afford to feed their kids that she didn’t feel sorry for her and that she was the idiot telling her that she was going to kill Grandma and her stupidity instead is starving her kids and that not only that, she and all the others like her literally did kill her Grandma and not from covid, but from the damn shot, so to cry her tears somewhere else.

    Yeah some of us are still angry and some of us don’t plan on letting go of that anger anytime soon.

    30
  3. My daughter told one of her former friends who was complaining that they couldn’t afford to feed their children that she didn’t feel sorry for her and that she was the idiot telling her that she was going to kill Grandma and that her stupidity instead is starving her children and that not only that, she and all the others like her literally did kill her Grandma and not from covid, but from the damn shot, so to cry her tears somewhere else.
    https://geometry-dash.io

    4
  4. My standard line when these Libtards complain about food/gas prices, high crime, etc….”yeah, things are awful and getting worse…but at least we don’t have mean tweets!”

    10
  5. “Bidenflation is the price you pay for voting stupid.”

    “Bidenflation is the price you pay for allowing vote Fraud.”

    Fixed it for ya!

    mortem tyrannis
    izlamo delenda est …

    15
  6. Many online grocery deliverers have jumped on the band wagon and exploited Biden’s engineered widespread inflation-recession to increase their prices on food and goods, and much of it unnecessary. Third-party sellers on vitacost, walmart, ebay, amazon, walmart, instacart, target, cvs, walgreens and many others are guilty of this swindling and all which depend on the no-see-um factor online. Much cheaper to take one’s heels to the high hills and shop for yourself.

  7. Before I retired at the height of the histrionics, I started using kroger’s free online order/pick up because I wasn’t gonna spend an hour in the store with idiots.
    It was ok & I’m a tipper, which insures good service…but, I quickly realized that young people/order pickers don’t know how to choose fruit & vegetables.

    10
  8. And life goes on,Woooo! 2 years the wheels were dragged down in muck. That is now over. The whole world is experiencing shortages & increases. But maybe, just maybe if you cry so fucking hard your eyes hurt all your hard work to STOP government will just be all for not/nothing. Oh & LOVIN every minute of it!

    6
  9. My budget electric bill for the coming year is up $100 over last years all ready. Looks like a cold long stingy winter ahead. I bet politicians don’t have a worry about theirs.

    4
  10. I did delivery and pick up from Whole Foods (free with over $35 orders) because Herr General Mills was shutting down businesses who allowed the unmasked and having people arrested and I was not wearing a mask to grocery shop!

    I stopped delivery when Herr General was forced to give it up.

    Food is getting crazy. Eggs are up $1 more in a week.

    2
  11. Funny this happens when the libtards force the farmers to stop producing food.

    libtard thought: food comes from the supermarket, so what’s the problem?

    4
  12. What I’m expecting, is everything at WalMart will be under lock and key. Hadn’t been in WalMart for a long time and I was shocked to see men’s underwear and socks are all under lock and key. Only thing I saw that wasn’t under lock and key was the shampoo and deodorant – homeless have no use for those things. The place was a disaster – lots of empty shelves. I’m told they don’t have the people to restock. Took a package of hamburger buns off the shelf and they were moldy!!

    I didn’t lock down, and I did my face mask ritual – they couldn’t kick me out of their store. Anyone say anything to me, I wipe my hands across my mask, then I tell them I going to touch everything in the store. I have bad nasal drip….. :). I don’t like being told what to do, so I reciprocate.

    @Old Racist White Woman: I like your way of thinking!

    2
  13. I stopped using the commissary at Peterson AFB be cause of the mask bullshit and went to a local supermarket. I never wore the mask there even though it was required. Plus I was treated much better. At Costco I only wore the mask to get through the door

    4
  14. This year the big Christmas gift will be having the kids over for Christmas dinner –
    serving the traditional Christmas Cricket, with all the fixins of course…

    1
  15. “DoorDash and Target charge monthly or annual fees for free delivery.”

    Badco – haha! You picked that up, too.

    We shop the sales and there are a LOT of sales on food items if you look around. Just cooked up a 10# pork shoulder yesterday for bbq with friends. $1.49/lb! I haven’t seen pork shoulders under $2/lb for five years. And this roast was lean and tender. Same with chicken (except wings — which are stupidly overpriced). Beef is another matter, too, but there are still good buys on it if you pay attention to the ads.

    I hate any kind of shopping, but I’d never have someone else do it for me (except Geoff C.), unless I absolutely had to. My (American) indian name is: Woman who does not go to the store.

    3
  16. Higher prices for most everything is the result of planned deliberate action. Therefore, planned action can bring them down again, under a conservative leader.

Comments are closed.