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
- Inflation is sticky
- Low interest rates are keeping people in their houses – which threatens to freeze up real estate.
- One year on in Ukraine
RETAIL AND CONSUMER
- Brands continue to pursue price increases.
- 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
- A dumpling war between malls in LA.
- Delivery fees hurt Domino’s sales. Downward pressure that comes from inflation will further hurt the delivery companies.
- Has a Michelin star rating lost its luster? Also the 8 oldest restaurants in NYC.
- Starbucks to infuse coffee with olive oil???
- It was a very good year for foodservice distributors.
FOOD SUPPLY CHAIN
- Farmworkers hardest hit by California floods.
- Thinking about engineered crops and regulations.
- The FDA hasn’t reviewed some additives in literally decades.
- 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
- Most of the world’s production of nitrogen fertilizer comes from Russia and China.
- The secret ingredient that could save lab grown meat.
- 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...
- Caffeine is a stimulant but too much can have the opposite effect
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