Restaurants looking to reopen are facing financial hardships like never before.
Now economic experts believe both businesses and consumers will be forced to change the way they operate.
Kai Beech reports how increasing costs at the grocery store could impact the bottom line for restaurants, and how much you as the consumer are able to afford.
AS THE NATION BEGINS TO REBOUNDFROM THE CORONAVIRUS CRISIS...YOU MAY START TONOTICE SOME CHANGES IN THE WAYBUSINESSES OPERATE.
FROM THEGROCERY STORE... TOYOUR FAVORITE RESTAURANT... KAIBEECH LOOKS AT HOW DISRUPTIONSIN THESUPPLY CHAIN... COULD HIT YOURIGHT IN THE WALLET.SAM'S NO.3 DOWNTOWN.
HOW MAY IHELP YOU?
CORONAVIRUS CONCERNSFORCED SAM'S NO.
3 DINERTO SHUT DOWN FOR SEVEN WEEKS.NATS: BAG AND WHEN THEY REOPENEDFOR TAKEOUT ORDERS ONLYNATS: COFFEE THEY FOUNDCHALLENGES WITH FICKLE FOODCOSTS SOT: PRICES ARE CRAZYRIGHT NOW.
SOT: THE SUPPLY CHAINIS MESSED UP OWNER SAM ARMATASSAYS BEFORE THE PANDEMIC -- THISICONICDINER SERVED NEARLY 17-HUNDREDPEOPLE A DAY NATS: BURRITOWRAPPING NOW THEY'RE LUCKY TOMAKE 70 MEALS FROM OPEN TOCLOSE.
SOT: I WANT TO CRY EVERYDAY.
ITS SAD WHILE ARMATAS ISSTRUGGLING WITH EXPIRATION DATESAND AN ERRATIC ECONOMY.
SOT:TODAY AN EGG IS 8 CENTS.RIGHT BEFORE IT WAS 25 CENTS ANEGG SOT: WE'RE DEALING WITH FOODIN THE WAREHOUSE THAT HASPROBABLY BEEN IN THE WAREHOUSESINCE MID- MARCH FROM PRODUCE TOPROTEINS, ECONOMICEXPERTS SAY THE COST FORRESAURANTS TO DO BUSINESS ISBECOMING MORE UNSTABLE.
SOT:THEY'RE REALLY ARE DISRUPTIONSAL THROUGHOUT THE SUPPLY CHAINDOCTOR RICHARDSEXTON IS A DISTINGUISHEDPROFESSOR OF AGRICULTURAL ANDRESOURCE ECONOMICS ATTHE UNIVERSITY OF CALIFORNIA,DAVIS.
HE SAYS RESTAURANTSLOOKING TO REBOUND WILL HAVE NOTONLY HAVE PROBLEMS WITH FOODPRICING -- BUT ALSO DEALING WITHNEW HEALTH GUIDELINES.
SOT: THEMEAT PRICES HAVE RISEN AND WILLPROBABLY CONTINUE TO RISE.
MILKPRICES ARE DOWN DUE TO REDUCEDDEMANDS.
SOT: PEOPLE WILL BE ATLEAST AT THE OUTSET RELUCTANT TORESUME THEIR NORMAL HABITSDESPITE THE CHALLENGES, SEXTONDOESN'T PREDICT THAT EXTRA COSTWILL IMPACT SHOPPERS ATSUPERMARKETS.
SOT: THE LASTTHING A BIG GROCERY CHAIN WANTSIS TO BE ACCUSED OF PRICEGOUGING DURING A PANDEMIC SOT:THEY WOULD RATHER BE STOCKED OUTOF PRODUCT THAN RAISE PRICE TOEQUATE THE SUPPLY WITH THEDEMAND NATS: EGGS FRYINGSOT: WE'RE HAVING TO BABY SITEVERYTHING AND YOU KNOW WE DON'TEVEN KNOW WHAT WE'RE GOING TOSELLSOT: WE'RE GOING TO HOPEFULLYADAPT AND CHANGE AS IT MOVESFORWARD ARMATAS SAYSTHIS PANDEMIC COULD EVEN IMPACTHOW THEY LIST THEIR PRICES...SOT: I DON'T KNOW IF WE CAN COMEOUTWITH A PAPER, OR A SOLID MENUAGAIN.
IT'S ALMOST WE PRICEWEEKLY AT MARKET VALUE SAYINGTHIS IS THENEW COST OF DOING BUSINESSDURING THE COVID-19 CRISIS.NATS: KITCHEN TALK I'M KAI BEECHREPORTIN