"For so long, we've enjoyed lots of food in this country, so we've never ever faced a food shortage and I think that's coming in the coming months," said John Boyd Jr., president of the National Black Farmers Association. He added that many farmers are feeling the constraint of the surging cost of diesel fuel and fertilizer.
Chieh Huang, CEO of online wholesale retailer Boxed, warned that prices are going to keep increasing.
"This summer, I think you're going to start to see kind of increased prices or shortages just because … already these factories are pumping it out at full capacity, you add in the increased demand of the summer, we don't know where that's going to go," said Huang during an appearance on "Varney & Co." on Fox Business.
Huang said the supply of baby formula in America has been "on and off" within his company and noted that product shortages like these have taken the whole industry "by surprise."
"What we're seeing is that the consumer is really in a difficult situation right now… a lot of folks are spending just basically on necessities almost paycheck to paycheck or meals to meals … they really need the help," he said.
The American economy is also experiencing a shortage in labor. Essential sectors of industry like air travel, are experiencing worker shortages.
America Airlines, one of the country's major airlines, recently announced that it was ending its service in three cities this fall – Islip and Ithaca in New York and Toledo, Ohio – because of the industry-wide pilot shortage.
"We're extremely grateful for the care and service our team members provided to our customers in Islip, Ithaca and Toledo, and are working closely with them during this time," said the company in a statement.
The industry is short around 12,000 pilots, and a majority of airports across the country are already offering fewer flights.
The Regional Airline Association also reported that nearly 200 communities across the country have lost at least 25 percent of their air service. Alaska Airlines said it cancels about 50 flights daily. JetBlue said it has been forced to reduce flights throughout the summer due to staffing issues.
Daniel Greenfield, a columnist for the non-profit policy think tank the Gatestone Institute, wrote that the combination of globalization and excessive government regulation is what led to America's current shortage crisis.
"Globalization advocates had just recreated Marxist central planning with a somewhat more flexible global model in which massive corporations bridged global barriers to create the most efficient possible means of moving goods and services around the planet," wrote Daniel Greenfield for the GateStone Institute. "Market consolidation due to government regulations has left a handful of companies sitting atop the market."
"When one of them, like Abbott for baby formula, has a hiccup, the results are catastrophic; others like Procter & Gamble, which controls about half the menstrual products market, don't have to worry about losing market share to competition," he continued. "Similar consolidation in food, paper products and supermarkets have replaced a dynamic economy with cartels." (Related: Trucker warning: 'You'll see chaos as people fight for the basic necessities of everyday life' – shocking updates on the supply chain crisis and food shortages.)
Globalization and government regulations were meant to usher in a world government where the borders would come down and "cultural exchanges would make us all one ushering in the great union of humanity," wrote Greenfield. But this isn't what happened. He noted that instead of peace and order, all of this interdependence has created more global chaos.
"After selling off American sovereignty, globalists proved unable to maintain global stability. Globalization globalized the ineptitude of the global order. Its grand plans … are never a match for the chaos of human nature and its ambitions," he wrote. "America's economy is becoming one big permanent shortage."
Learn more about America's collapse at Collapse.news.
Watch this episode of the "Health Ranger Report" as Mike Adams, the Health Ranger, explains how the food and energy shortages are part of the controlled demolition of America's production infrastructure.