Grocers Brace for Sales Dip as Food Aid Set to Lapse

As the U.S. government shutdown continues, the future of SNAP benefits hangs in the balance, threatening an estimated $8 billion monthly loss for grocers and potentially impacting millions of Americans. With Walmart, Smithfield Foods, and other companies at risk, the ripple effects could lead to job cuts, price increases, and supply chain disruptions. As Congress deliberates, the food industry braces for potential consequences, with companies like Kraft Heinz and General Mills also feeling the pinch. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.