Posted 112 days ago
A Chicago meat supplier has up to $30,000 worth of product stocked in freezers because of COVID-19's impact on the hospitality industry, Fox Business reported Sunday.
Andrew Neva, owner of the Northwest Meat Company in Chicago, told Fox that steakhouses have canceled their orders with his firm as the Omicron variant of the coronavirus has kept guests away from restaurants.
Neva told Fox that he bought about between $25,000 and $30,000 worth of meat in October — before the Omicron variant hit the US — when restaurant demand was much higher.
When the Omicron variant started spreading late last year, high-end steakhouses, which are popular settings for special events during the holidays, scrapped their orders with Northwest Meat Company because guests were canceling bookings, Neva said.
"Any of the product I bought for that high-end market is still on my shelf," he told Fox, adding "as a result, now I'm sitting on all this product that I still haven't gotten paid on."
Neva told Insider that none of the meat would go to waste and would be sold over the next month by Valentine's Day....(Read more)