Despite soaring profits, Maersk sees economic risks coming this year
Danish shipping group AP Møller-Maersk anticipates “a slowdown in the second half, a normalization”, according to its chief executive Søren Skou and in a report in The Financial Times. This comes despite the highest profits of $19.3 billion (+55%) made in its 114-year history, in the first quarter. “The visibility is quite low. Mainly we see risks […]
SIAL Paris set to bring food innovations back live in October
Returning for the first time in more than two years this fall, the massive celebration and exhibition SIAL Paris is again set to bring together the most creative and innovative food companies in the world. Under the umbrella theme of Own the Change – both an embrace of the environment and sustainability and the digital […]
Inflation, supply issues cause Del Monte’s profits to dip in first quarter
Despite posting higher sales year-on-year, Fresh Del Monte Produce saw a significant drop in its first-quarter profits because of inflationary pressures and ongoing supply chain constraints. Net income for the three months ended April 1 was $25.8 million, down from $42.7 million in the same quarter last year, while gross profit dropped to $89.8 million […]
Building prosperous industry future may conflict with desire to increase consumption
There have always been many pathways to success in produce. Indeed, one of the things that has made the produce industry an extraordinary place for those of us who have long toiled in the industry is the enormous range of opportunities the industry presents. We have our share of MBAs from Harvard and Stanford, but […]
Blair Institute report suggests cities should aim to produce 30% of fruits and vegetables in the future
What might be the best future hedge against supply chain disruption issues and help deliver more sustainable growing of fruits and vegetables without worries of pandemics, wars and other challenges? According to a new report from the Tony Blair Institute for Global Change, cities and suburban areas across the world should work toward producing 30 […]
Sainsbury’s determined to keep prices low, but inflation and Ukraine are clear obstacles
In its annual release of data to shareholders, colleagues and customers, Sainsbury’s accentuated many of the positives from the past year – its strong grocery sales (although flat compared with 2020-21), its push to be more sustainable, and its comparative value in a crowded market. However, the future looks very much uncertain for the retailer […]
Wholesale Market: We need social media to stay relevant
I started working at A&J Produce Corporation last May, thrilled to have the opportunity to be a part of the family business. My grandfather and his partners started A&J in 1977 at the Hunts Point Terminal Produce Cooperative Association located in the Bronx, NY. Forty-five years later, our mission remains the same: a commitment to […]
Part II: Freshfel’s Binard discusses opportunities and obstacles to increasing produce consumption
We wanted to update our readers to some of the priorities Freshfel is emphasizing. We asked Pundit Investigator and Special Projects Editor, Mira Slott, to find out more from Philippe Binard, general delegate for Freshfel Europe. We started our conversation with Binard last month (read Part I here), and pick it up again here: SUSTAINABILITY […]
