Food & Drink

Unprecedented consolidation in the U.S. food industry may be a cause of rising prices and empty grocery-store shelves. The White House, supported by independent economic analysts, has asserted there’s a link between inflation and the dwindling number of food suppliers. The House of Representatives antitrust subcommittee, chaired by Democrat David Cicilline of Rhode Island, is
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Over 8500 grocery workers at over 80 King Soopers/City Market locations in Denver and Colorado Springs are going on strike this Wednesday January 12th. The negotiations between UFCW Local 7 and Kroger KR owned chain have reached an impasse, with the union rejecting the latest company offer. The union has also commissioned a timely report on
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Innovation and the willingness to think outside the traditional box were the keys to success in the beer market in 2021. That’s the message from a recent Bump Williams Consulting (BWC) report that looked at both 52 and 104 weeks of NielsenIQ data. Developed as part of BWC’s deep dive into retailer growth strategies, it
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Bonterra, a Mendocino County winery in the Fetzer Vineyards portfolio, recently announced that the business is Climate Neutral and that its products are the world’s first organically farmed, Climate Neutral certified wines. While many wine consumers are familiar with organic farming, a label claiming climate neutrality is relevantly new. So what does it mean? Climate
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Last week Governor Kathy Hochul of New York announced a plan to reinstate the state’s “Drinks-to-Go” initiative. Launched in 2020 amid pandemic lockdowns, the program afforded a financial lifeline to bars and restaurants struggling to stay afloat. With Omicron in full swing, many of those same small businesses are again facing financial hardships. Reinstatement would
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“The biggest surprise this year is that consumption of packaged foods remained elevated despite mobility returning and food-service establishments regaining customers.” that according to Robert Moskow, a senior analyst at investment bank Credit Suisse. The questions that I have is whether this consumption behavior is due three issues: the need of so many of us
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A new agreement with Coca-Cola KO to create alcoholic Fresca cocktails could be part of the solution to help pull Constellation’s Wine & Spirits Division out of the red. In an early morning third quarter fiscal year 2022 earnings conference call, Constellation CEO, Bill Newlands and CFO, Garth Hankinson, shared the company’s most recent results,
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Retail price inflation is hitting consumers hard this new year. A recent KPMG study  documented consumers facing a 22% increase in grocery bills and inflation hitting a 31 year high in Q4 2021, led by double digit jumps in meat, poultry and fish prices. Inflation has been driven by the companies at the commanding heights of the
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