Food Week October 18 saw tightening labor and inflation rising hand in hand. Giant puffball mushrooms had a better week than vertical farming or Beyond Meat. The Federal CDC dealt with Salmonella in mushrooms while the Maine CDC dealt with want must be the dumbest COVID rumor yet. If you didn’t know, the hard seltzer boom has gone bust and rotisserie chicken is chock full of sodium. Enjoy!
With a tight labor market, news of fewer and fewer unemployed is not necessarily welcome.
Prices rose .4% in September. Inflation may not be permanent but at the moment, it is pervasive.
A worker in Florida applied to 60 entry-level jobs in September and got one interview. One factor I can’t quantify is that restaurants got so used to an available (mostly immigrant) labor pool that they aren’t very good at hiring.
RETAIL AND CONSUMER
Beyond Meat stock plunges. The expectations were so high, it’s not surprising there are a few hiccups.
Demand for super fast delivery (under a half hour) continues to grow as Gopuff launches in NYC with but I am sure it require some kind of minimum density.
Investment in the hard seltzer has cost Boston Beer $100 million.
Store bought rotisserie chicken has way too much sodium. I guess I kind of knew that. Maybe I felt it in my veins.