Welcome to Food Week May 16. It is National Restaurant Show weekend in Chicago so we’ll be heading there for the first time in a couple of years. Will tell you all about it. This past week, we saw more and more evidence and causes of the death of the American independent restaurant. Consolidation is rife in industry across the spectrum of food supply and the results are not good. But slushies are good. And pesto is good. So enjoy!
Crazy up and down market for the indexes. But more down than up.
If it seems like there are more and more mass shootings at supermarkets, it is because there are.
Yogurt wars. Between Greeks and Turks which seems kind of inevitable.
Convenience stores have bee trying to move up-market on takeout for many years. There are few examples of success (Sheetz) but it hasn’t stopped them from trying.
A long apologia from Abbot Labs in re baby formula. What much of the coverage misses is that, like meat and poultry, a consolidated industry is less nimble and adaptive. Imported formula from Danone to help.
Food Week May 16 saw the publishing of a damning report on how the meat industry put open plants ahead of the lives of workers & public health. Of course we knew this at the time. Private decisions made by a couple of men. Industry consolidation = regulatory capture.
But apparently Burger King thinks it is tenable to substitute fried ramen for french fries. In their defense, this is a symptom of the ongoing potato shortage there.
Meati launched an alternative protein steak: mycoproteins solve some of the issues with texture that other alt-proteins struggle with.