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It sounded like a schmear campaign at first, but the crisis is real: a major cream cheese shortage has hit New York City bagel stores. Some of our finest bagel purveyors—Absolute Bagels, Tompkins Square Bagels, Pick-a-Bagel, Bagelsmith, Zabar's and more—all attested to the fact that they were "frazzled, frustrated and rushing to find cream cheese" after supply chain issues—caused by work shortages, port congestion and increased demand—had ensnared the industry.
But it's not just your local bagel shop: Junior's Restaurants announced that they had to shut down multiple times over the last week because they didn't have enough of the ingredient, which is the key to making their beloved cheesecakes.
Gothamist spoke to Alan Rosen, the third-generation owner of Junior's, on Thursday evening to find out how the cream cheese shortage is affecting their business, and whether or not New Yorkers jonesin' for some holiday cheesecake should be freaking out right now.
There was a cyber attack on a major cream cheese producer.
"Schreiber Foods in Wisconsin, which makes cheese slices for most of the top burger chains in America and has a cream cheese business rivaling Kraft’s, closed for days in October after hackers compromised its plants and distribution centers. While that may not sound like a long time, the company is big enough that the lost production shook U.S. markets." https://www.bnnbloomberg.ca/that-cre...part-1.1693693
Throughout the run of this thread, I've had no problem getting cream cheese, either on my bagel from the local bagel shop, or from the supermarket in bar form. So I'm a little skeptical.
Throughout the run of this thread, I've had no problem getting cream cheese, either on my bagel from the local bagel shop, or from the supermarket in bar form. So I'm a little skeptical.
it is the big commercial pails where there are problems
Chip shortage? OK
Used car shortage? I'm not looking for a car right now so OK
X-Box and PlayStation shortage? Grrrr, Christmas problem but OK
Lumber shortage? I already have a house so OK
Cream cheese shortage? Oh no - it's not fun or funny any more. These shortages are really serious now!
Many don't own a house.. This is a city of renters. Every time I go to home depot now there are so many items out of stock. This translates to a delay in building new homes and delays in repair and renovations. Higher prices for everyone.
Not false at all. This isn't demand pull inflation. This is the equivalent to letting people loot a store and calling it "demand".
If you don't think that literally expanding money supply ~50% of GDP in a single year leads to wild imbalances in an already hot economy, then I'm sorry, you're a fool.
Are there other factors leading to labor shortages, supply shortages, etc? Sure. But that's as a result of the aforementioned policies.
I know what you're reading /who you're listening too. I also have a master's in finance (not that degrees mean anything ) and I also listen to all of the podcasts and read all of the blogs,etc, etc.
If you don't think that injecting retarded amounts of hard cash and expanding the money supply so drastically in such a short time (during what was already an economy running hot in stupid low rates) had a significant impact on the economy, then you're a fool.
Your company having 30 open job opportunities means nothing in and if itself. Better.com.j ust laid off 900 on a zoom call. What am I supposed to take from that? Due to the higher JOLTS (quit rate), companies are now posting job openings in anticipation of higher turnover. How many of those job openings are legitimate?
The free money made things worse. I remember going to Burlington Coat Factory in the high of the pandemic to buy socks. The store racks were EMPTY! I thought that they were going out of business. I asked the store clerk as I didn't see signs saying they were going out of business. She said people were buying up everything with their stimulus checks.
I was going to buy a new car. I bought my car 10 years ago and it needed some work that was costing $4000. When I enquired about the price of used cars and the shortage of available cars I was told that cars were flying off the shelves!! All this free money floating around.
Needless to say I negotiated a discount and fixed my car. I am going to drive it until the wheels fall off. Everything is scarce or super expensive.
The free money made things worse. I remember going to Burlington Coat Factory in the high of the pandemic to buy socks. The store racks were EMPTY! I thought that they were going out of business. I asked the store clerk as I didn't see signs saying they were going out of business. She said people were buying up everything with their stimulus checks.
I was going to buy a new car. I bought my car 10 years ago and it needed some work that was costing $4000. When I enquired about the price of used cars and the shortage of available cars I was told that cars were flying off the shelves!! All this free money floating around.
Needless to say I negotiated a discount and fixed my car. I am going to drive it until the wheels fall off. Everything is scarce or super expensive.
actually people tended to spend only 40% of their stimulus checks on new items …30% was saved and 30% went to pay down old debt.. so 60% of the dough never went in to buying anything new.
overall ,out of all the stimulus money allocated for all the different reasons , 2 trillion of it still has not been given out
Kraft is offering customers a little extra cheddar to dissuade them from baking cheesecakes this year for Christmas dessert.
Kraft Heinz, the parent company for Philadelphia Cream Cheese, announced a "Spread the Feeling " marketing campaign on Wednesday meant to address cream cheese shortages across the nation, offering a select number of customers $20 not to use cream cheese in their desserts this holiday season.
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