Thanksgiving Dinner Is 14% More Expensive Than Last Year

The video discusses the impact of supply chain issues on Thanksgiving meal costs, highlighting a 14% increase in dinner expenses due to labor shortages and agricultural challenges. It examines the effects on US retailers, who are relying on frozen turkey inventories, and contrasts this with European supply chain constraints, which are exacerbated by different COVID-19 situations. The video also explores how these issues affect retail pricing and investor concerns.

What is one of the main reasons for the lack of fresh turkeys this Thanksgiving?

• New farming regulations

• High transportation costs

• Increased consumer demand

• Labor shortages

How have US retailers responded to the turkey shortage?

• By importing more turkeys

• By using frozen turkey inventories

• By reducing turkey prices

• By offering turkey substitutes

Why have retailers been able to pass on increased costs to consumers?

• Due to a decrease in consumer demand

• Because of robust consumer demand

• Due to a decrease in supply

• Because of government subsidies

What is the current trend in supply chain constraints in the US?

• They are worsening

• They are easing

• They are stable

• They are unpredictable

What additional challenge is Europe facing that affects supply chains?

• Higher consumer spending

• Increased agricultural output

• Stricter environmental regulations

• Ongoing COVID-19 restrictions