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Rise In Grocery Prices Prompted By Shortage Of Truck Drivers, New Report Says
A new report has shown a link between the rise in grocery costs and the national shortage of long-distance truck drivers, according to Supermarket News.
The analysis, which was released Monday, Dec. 3 by Florida-based driver virtual simulation company Advanced Training Systems (ATS), demonstrated that higher freight costs and even ingredients costs are the culprits.
Several major food manufacturers have already announced their price hikes for the upcoming year, including Hershey, Nestle, Unilever, Mondelez, and Coca-Cola.
John Kearney, CEO of ATS, said that the situation is some…
