As the foodservice industry tries to recover from lockdowns, restrictions, and consumer hesitancy, it’s plowing into inflation headwinds that may get worse before they get better.
“I expect inflation to last past 2023,” said Mathew Tate, director of strategic sourcing-produce for Aramark and Avendra Group, during a May 4 International Fresh Produce Association town hall webinar. Click here to read the full article.
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A plant shutdown due to Avian Flu has led to limits on turkey, leading some to buy it on their own. Ham and roast beef are limited, too, and costs have run higher than expected. Subway franchisees have found themselves short on an item of particular importance to their businesses: sandwich meat. In particular, many operators were scrambling to source turkey meat after one of the company’s processors had to close a plant due the Avian Flu, which has struck turkeys in the Midwest this spring. Subway’s 6-inch turkey is the nation’s top-selling sub sandwich. Click here to read the full article from Restaurant Business.
Tyson Foods is operating under heightened biosecurity measures to offset the risk of avian influenza (AI), including limiting the number of people and trips between farms and facilities, Tyson President and CEO Donnie King said in a post-earnings conference call.
USDA’s weekly Crop Progress report, the sixth of this year, on Monday showed that prolonged cold, wet weather in key farming states has significantly delayed planting of key corn and soybean crops across most of the country.
Food prices in the U.S. are rising, but sticker shock at the grocery store is especially acute in the egg and poultry aisles, as a highly contagious avian flu decimates commercial poultry flocks across the U.S. Click here to read the full CBS News article.
The Federal Reserve delivered the biggest interest-rate increase since 2000 and signaled it would keep hiking at that pace over the next couple of meetings, unleashing the most aggressive policy action in decades to combat soaring inflation. Click here to read the full article from Bloomberg.
About three of every 50 people employed in restaurant and lodging jobs quit during March, suggesting the industry’s key labor challenge is shifting back to employee retention, reported Restaurant Business. Click here to read the full article.
The number of job openings was at a series high of 11.5 million on the last business day of March, although little changed over the month, the U.S. Bureau of Labor Statistics reported today. Hires, at 6.7 million, were also little changed while total separations edged up to 6.3 million. Within separations, quits edged up to a series high of 4.5 million, while layoffs and discharges were little changed at 1.4 million. Click here to read more from the U.S. Bureau of Labor Statistics.
Animal health officials provided a slight ray of hope to the U.S. poultry industry by lifting quarantine restrictions designed to limit the spread of highly pathogenic avian influenza (HPAI) in Kentucky, even as a new outbreak involving a commercial flock was reported in Wisconsin.
USDA and the Kentucky Department of Agriculture (KDA) cleared two counties that had been under quarantine since February, opening the door for commercial poultry operations in Fulton and Webster counties to repopulate chicken and turkey operations. Federal officials said recent samples from both facilities showed no HPAI infections, according to a KDA news release. McCain Foods 2020 Sustainability Report Summary In this Sustainability Report Summary, McCain shares their 2020 progress towards our Global Sustainability Strategy and commitments. The information in this report covers McCain Foods Limited’s 2020 fiscal year, from 1st July 2019 up to 30th June 2020, unless otherwise indicated. Published in June 2020, the first Global Sustainability Report, was developed in a pre-pandemic world, and although life fundamentally changed for many in 2020, the acute challenges posed by climate change and our fragile food system only became more evident. While they continue to navigate the very clear and present danger of the pandemic, they must also urgently work to address these existential social and environmental threats. Click here to read the full report.
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