Welcome to Food Week. This edition has mushrooms, morels, Mars and monkeypox. with inflation, consolidation, distillation and devastation. And you can learn the best way to boil an egg. Enjoy!
MACRO
Food Week July 18 brings us another global health emergency. Monkeypox is a real thing. Great.
A strong dollar will export inflation. No winners there and US goods become more expensive.
If New Yorkers don’t need groceries in 15 minutes, chances are no one does. Tons of venture capital wasted on this project.
More consolidation in protein production: Cargill acquires Sanderson Farms. 4 firms control 55% of the market. Higher prices will ensue. Welcome to the Gilded Age.
RESTAURANTS AND FOODSERVICE
Door Dash and Uber Eats have seen a considerable slowdown as COVID fades. Delivery services have never figured out how to make money and now they have rising costs and falling demand. Prediction: DoorDash and Grub Hub merge. As for Uber, there is a reckoning coming that isn’t just about its food delivery business.
Latest in the infinite list of lists of best restaurants in the world. Geranium in Denmark listed as number 1. Number 4 is DixerXO which we’ll be writing about this week. I have only been to 4. How’s that for a humble brag?
Sure, it’s the NY Post but there may be some truth that restaurant offerings are being downsized like consumer brands.
Starbuck’s threatening to close stores citing safety. But one has to wonder if this is an indirect threat to union organizers.
In addition to slower demand from consumers than anticipated, the alt-protein industry is struggling with delivering product line expansions to restaurant chains.
Did you know there are 5 different classification of Tequila? What they are, how they are produced and the difference between tequila and mezcal all in one place.
[…] official trying to fight industry consolidation that plagues many industries including food production. But here’s an argument that profit taking is only a minor contributor to the recent […]
[…] lack of category growth has cooled the ardor of tech investors to […]
[…] official trying to fight industry consolidation that plagues many industries including food production. But here’s an argument that profit taking is only a minor contributor to the recent […]