The highly contagious omicron virus variant is disrupting already stressed food supply chains, sickening so many workers that more shortages at grocery stores are all but certain.
U.S. port authorities and ocean carriers, dealing with record import volumes, need to ensure that exports aren’t hindered amid the unprecedented supply chain logjams that aren’t showing clear signs of dissipating, President Biden’s port envoy says.
President Biden promised to “fight for fairer prices” for farmers and consumers as he announced plans to combat the market power of the giant conglomerates that dominate meat and poultry processing.
Today’s global supply chains are so complex that merely identifying all of the parties involved in getting product to market, especially where there’s the potential for fraud, can be hugely difficult. So why not just cut out those intermediaries and deal directly with the actual supplier of raw materials?
When COVID-19 erupted 21 months ago and upended retailers around the world, it looked like just another chapter in the sad story of an industry’s decline. The reality of the pandemic era, however, hasn’t played out that way.
Mince pies. Latkes. Eggnog. Tamales. As extended families the world over plan holiday celebrations again, they’re encountering a harsh reality: Traditional foods, especially those sold for a limited time in even a normal year, are significantly costlier in 2021 — if they’re even available at all.
In 2020, the average cost of Thanksgiving dinner for a family of 10 was $46.90 per person, an all-time low. Fast forward to 2021, and Thanksgiving was the most expensive on record.
In recent trips to the grocery store, consumers might have noticed that package sizes are shrinking while prices remain the same, or in some cases increase.
The latest supply-chain news, analysis, trends and tools for executives in the food and beverage industries. Learn how food and beverage companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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