Food Week February 20 – 26, 2023

Welcome to Food Week February 20 -26. A lot of long term indications that prices will fall, just not yet. And a lot of sectors made bank in 2022 and may be in for a rough landing. Lots more and weird stuff too like Starbucks putting olive oil in coffee and the guy who lived in a first class lounge for a year. Enjoy!

MACRO

  • Low interest rates are keeping people in their houses – which threatens to freeze up real estate.

RETAIL AND CONSUMER

  • The COVID driven expansion in SNAP benefits is done and that will affect grocery sales.
  • The lack of the expected growth in plant-based meat means that companies may end consolidating.
  • Aldi understands value and their customers love them. Here’s how.

RESTAURANTS AND FOODSERVICE

  • Delivery fees hurt Domino’s sales. Downward pressure that comes from inflation will further hurt the delivery companies.

FOOD SUPPLY CHAIN

  • Here’s a fun article from September about how there are going to be winter food shortages in the US and Europe.

FOOD WEEK FEBRUARY 20 LAGNIAPPE

  • A reading list for those interested in cocktails.
  • An interesting podcast on Oatly and its struggle with big milk.
  • Would you like to eat gourmet food and wine for a whole year without having to pay for it? First buy an international ticket, get access to the lounge and then change your ticket everyday...

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