Food Week: July 20 – 26, 2020

Macro:

  • Really low mortgage rates, really high unemployment.
  • 51 years ago, we sent a man to the moon. A trip to the moon sounds nice right about now.

Retail and Consumer

  • The wave of retailers requiring masks continues. Marketing-wise, the next logical  step is to turn necessity into virtue.
  • The largest urban vertical farming facility opening in Houston and bringing produce close to the consumer.
  • 55% of growth in food CPG came from products marketed as sustainable. They also commanded a 39% premium.
  • Really interesting article on on-line SNAP.  COVID sped implementation but only WalMart and Amazon are authorized.

Restaurants and Foodservice

  • A list of restaurant chains filing for bankruptcy.
  • Chipotle’s clientele ignored sequential outbreaks from food-borne illness. What’s a little COVID? (Sorry – WSJ subscription only)

Lagniappe

  • Umami set the science of taste on it’s ear. Now is it Kokumi’s turn?

FOOD SUPPLY BONUS:

USDA Report on the continuing problems in Meat Processing Plants, including fire at huge Tyson plant

Click to access CattleandBeefPriceMarginReport.pdf

Rite Aid Expands COVID-19 Testing To 258 Total Locations

https://www.walgreens.com/findcare/covid19/testing

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