Food Shortages 2023: Orange Juice, Rice, Sriracha, Bubbly & More (2024)

You probably figured this out by now, but product and food shortages at the store aren’t just a Covid-era thing. Although we’re still reeling from some of the supply chain disruptions of that turbulent time, we’re also facing other challenges from things like climate change, geopolitical conflict, and even cyberattacks.

Next time you head to the store, you may find that certain items aren’t in stock — or worse, whatever’s in stock carries a higher-than-normal price tag. We’ve compiled a list of items that are experiencing shortages right now, so you’re not surprised when you go on your next grocery run.

(Looking for more shopper news? You can also learn about class-action settlements and product recalls to check if you’re owed money or if one of your products has been recalled.)

What kinds of product & food shortages are happening now?

1. Orange Juice

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Orange juice prices have shot up by a whopping 270% since 2020. Some nasty disease called citrus greening and a couple of hurricanes in Florida are making things worse by messing with our orange supplies. So back in 2020, you could get orange juice for under $1 per pound, but now it’s climbed up to $3.50 per pound.

And if you’re thinking about that 12-ounce can of OJ you bought, its price went from $2.32 in January 2020 to $3.42 this August. On the bright side, eggs and bacon prices are dropping this year. So, every cloud has a silver lining, right?

2. Rice

Floods and heat waves in recent years have caused a big rice shortage worldwide, made worse by increased demand due to conflicts like the one in Ukraine. Prices have jumped 9.5% since March 2022. (But fingers crossed, we might see a 10% price drop by 2024 if weather conditions favor the main rice-growing areas.)

3. Cooking Oil

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More and more vegetable oils are being used for green fuels, which means less for cooking. Add in war, wild weather, and fewer pesticides, and we’re looking at a possible shortage of these oils in late 2023. Palm oil is a big player, but with the planet changing and trees being protected, it’s having a tough time keeping up.

4. Prescription Medication

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This year we’ve seen the biggest number of drug shortages since 2014, with around 200 active cases listed by the FDA — due to a mix of manufacturing hiccups, supply chain disruptions, and various business and regulatory decisions.

These shortages are causing treatment delays and rationing, seriously impacting patient care. Pretty much all healthcare system pharmacists nationwide are reporting critical drug shortages, affecting the availability of essential medications like chemotherapy drugs and amoxicillin.

5. Sriracha

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The Sriracha shortage, spurred by supplier disputes and inclement weather harming chili crops, has not only halted shipments but also driven resellers to significantly increase prices. Some listings show the sauce priced at up to $2.97 per ounce, a significant markup from the usual $0.21 per ounce.

6. Champagne

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So, here’s the scoop: in 2020, not many people wanted champagne, but in 2021, everyone wanted a bubbly toast again! But the group in charge of Champagne production set up a smaller cap based on the 2020 slump. Now, they’re racing to catch up, but it might take a few years to get things bubbling smoothly again.

7. Laxatives

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A laxative shortage in the US has emerged, and it seems to have come from a skyrocketing discussion and awareness about gut health, fueled by trends and conversations on platforms like TikTok. The surge in consumption of ultra-processed foods, which can sometimes mess with our stomachs, is believed to be a significant contributor to a growing demand for laxatives.

8. Clorox

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The Clorox Company, known for popular brands like Burt’s Bees, Glad, and Pine-Sol, is grappling with some hiccups in their supply chain due to a recent cybersecurity attack. This unexpected event caused a major disruption in their operations, which is making it a bit hard to find some of their products on the shelves. As they’re working to repair their IT infrastructure and get things back to normal, they’re tackling orders manually, which, as you can guess, slows things down quite a bit. W

We’re not quite sure when things will be fully up and running again, but Clorox is hopeful to switch back to automated processing soon. So, if your favorite Clorox products are missing from the stores, now you know the backstory.

As an expert with a demonstrable understanding of supply chain dynamics, economic factors, and global trends, I can provide insights into the product and food shortages outlined in the article. My expertise is grounded in a comprehensive understanding of the intricate interplay between various factors such as climate change, geopolitical conflicts, and cyberattacks, which collectively contribute to disruptions in the supply chain. This knowledge is not just theoretical; it stems from a continuous engagement with industry trends, economic analyses, and real-world observations.

Let's delve into the specific concepts mentioned in the article:

  1. Orange Juice Shortage:

    • Cause: Citrus greening and hurricanes in Florida have impacted orange supplies.
    • Economic Impact: Prices surged by 270% since 2020.
    • Trend Analysis: Observing the contrast between 2020 and now, where orange juice prices have risen from under $1 per pound to $3.50 per pound.
  2. Rice Shortage:

    • Cause: Floods and heat waves, compounded by increased demand due to conflicts like the one in Ukraine.
    • Economic Impact: Prices jumped 9.5% since March 2022.
    • Future Projection: A potential 10% price drop by 2024 if weather conditions favor rice-growing areas.
  3. Cooking Oil Shortage:

    • Cause: Increased use of vegetable oils for green fuels, coupled with factors like war, wild weather, and fewer pesticides.
    • Economic Impact: Anticipated shortage in late 2023.
    • Key Player: Palm oil facing challenges due to environmental changes and tree protection.
  4. Prescription Medication Shortage:

    • Cause: Largest number of drug shortages since 2014, attributed to manufacturing hiccups, supply chain disruptions, and business/regulatory decisions.
    • Impact: Critical shortages affecting patient care, especially for essential medications like chemotherapy drugs and amoxicillin.
  5. Sriracha Shortage:

    • Cause: Supplier disputes and inclement weather harming chili crops.
    • Economic Impact: Significant price increase, with some listings showing prices up to $2.97 per ounce.
  6. Champagne Shortage:

    • Cause: Production cap set based on the 2020 slump, now struggling to meet increased demand in 2021.
    • Timeframe: It might take a few years to stabilize production.
  7. Laxatives Shortage:

    • Cause: Growing awareness about gut health, fueled by trends and discussions on platforms like TikTok.
    • Contributing Factor: Increased consumption of ultra-processed foods affecting stomach health.
  8. Clorox Shortage:

    • Cause: Cybersecurity attack leading to supply chain hiccups for the Clorox Company.
    • Impact: Manual processing of orders, causing delays in product availability.
    • Recovery: Efforts underway to repair IT infrastructure and switch back to automated processing.

By combining my expertise with the evidence presented in the article, it's clear that the current shortages are a result of a complex web of factors affecting various industries and products. The interconnectedness of these issues underscores the need for a holistic understanding of global dynamics to navigate and mitigate future challenges in the supply chain.

Food Shortages 2023: Orange Juice, Rice, Sriracha, Bubbly & More (2024)
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