Industry trends, information, and expertise from our Team.
Shipper Fury as Container Freight Rates Soar June 27, 2021 By Mike Wackett (The Loadstar) – Short-term freight rates from China to North Europe have breached the $20,000 per 40ft mark, while transpacific carriers are quoting rates of up to $25,000 to the US west coast. And there was one report of $32,000 from Shanghai to Los […]
Read MoreConsumers paying more for a lot of items due in part to supply chain shortages TOLEDO, Ohio (WTVG) – Do you feel like you’re paying more for a lot of things these days? Well, you are. The Producer Price Index, which tracks how much money domestic producers get for their products, jumped 0.8% In May. […]
Read More“Demand has changed too. Restaurants that remained open slimmed down their menus during the pandemic and shifted from fresh ingredients for salad bars and buffets to using more prepackaged foods for takeout and delivery operations. Manufacturers cut down on product range, offering fewer varieties of breaded chicken tenderloins, for example, while meat processors reduced production output to meet Covid-19 safety standards.”
Read MoreA.B. Brown Associate Editor @ FoodDive The U.S. Department of Agriculture announced it is planning to invest over $4 billion through the Build Back Better Initiative to make critical supply chains stronger, aid food production and processing, improve food distribution and storage, and ensure equitable market access for food producers. USDA’s efforts are an attempt […]
Read More“…Food prices are already rising due to a surge in demand for agricultural commodities such as corn and soybeans driven by China, where demand for animal feed is soaring as hog herds recover from an African swine fever outbreak, according to Patterson. The government has also been rebuilding depleted domestic corn reserves, he added.”
Read MoreNo short-term relief Shipping costs have been growing strongly since the autumn of 2020, but the first months of this year have seen a new surge in prices across different freight rates (dry bulk, containers) along major trade routes. Prices for several trade lanes have tripled compared to last year, and charter prices for container …
Read MoreOn Friday, June 25th Honor Foods will be conducting a physical inventory of our Philadelphia location (5505 Tacony Street).
Read MoreTO SEE THE FUTURE OF FOOD DELIVERY, JUST LOOK AT CHICKEN WINGS By Josh Dzieza | June 1, 2021, 10:00am EDT, The Verge.com IT WAS MARCH 2020, and restaurants across the country were shutting down, setting up takeout windows, or doing whatever they could to absorb the shock of COVID. But it was Chuck E. Cheese, of […]
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