The phrase "serious shortfalls" means that there are significant problems or deficiencies in a particular situation or area. It suggests that there are major drawbacks or failures that need to be addressed or improved. Full definition
Even if he succeeds in winning a freeze, experts said, Mr. Cuomo will ultimately need to tackle more difficult public employee benefits, including a substantial restructuring of the state's pension system, which faces serious shortfalls in the coming years. (nytimes.com)
When a mall closes, unemployment rolls in the region swell, and the loss of property, sales, and business taxes can leave municipalities with serious shortfalls. (treehugger.com)
The ability to manufacture them easily and abundantly as needed, however, is probably true only of people enjoying radiant good health.Common sense suggests that the millions of Americans suffering from stiff joints, skin diseases and other collagen, connective tissue and cartilage disorders might be suffering serious shortfalls of proline, glycine and other needed nutrients. (westonaprice.org)