The Fresh Market has reimagined its flagship store in Greensboro, N.C., to include a made-to-order restaurant concept and coffee experience, making it a culinary destination for guests, CEO Jason Potter said. The grocer's new restaurant concept includes items from smoothies to smoked-in-house pork barbecue.
Whole Foods Market has added an option to place to-go orders for prepared food items at select stores. Customers can order customized sushi, soup, salads, sandwiches, hot pizzas, entrees and beverages through the grocer's iOS app.
Amazon has used money from its $2 billion Climate Pledge Fund to invest in electric vehicle charging technology company Resilient Power, custom-sized box maker CMC Machinery and ultra-low-carbon fuel developer Infinium. With the three startups, the fund has now invested in 11 companies in industries including logistics, agriculture and food.
Buyers of used Class 8 trucks in September spent an average of $66,258, a 57.4% increase from a year ago and a new record, according to ACT Research. ACT Vice President Steve Tam says the market will eventually slow down, but operating older trucks will be challenging in the near term as parts are difficult to find.
Procurement teams should be wary of corrupt or fraudulent savings initiatives because they will have consequences, with Kraft Heinz recently paying $62 million in fines, writes Rich Ham, founder of Fine Tune. "Fake savings" programs have problems including overvaluing the short term and being rewarded before seeing results, Ham writes.
Procurement managers are going beyond reducing costs and are working with executives, suppliers and other stakeholders to provide added value, according to Chris Sawchuk of Hackett Group. "Procurement must know how to document its own innovation and the impact it has on enterprise growth and be able to convince the rest of the organization that procurement's expanded value proposition is real," Sawchuk says.
Boeing, McDonald's, 3M and other US companies are charging higher prices to help compensate for inflated manufacturing and material costs caused by global supply chain disruptions. Shortages and other supply chain issues are expected to continue into 2022.
Salad kits are in high demand and sales will continue to grow, according to FMI's 2021 Power of Produce report. Food safety concerns at the start of the pandemic brought increased demand for salad kits and companies including Fresh Express, FiveStar and Dole Food have expanded their lines to appeal to today's customers.
Publix is changing its Produce for Kids program to raise money for local Feeding America food banks, using e-newsletters and social media to raise awareness. "Giving back to our local communities is at the core of our company culture, and we are proud to collaborate with Healthy Family Project for the Produce for Kids campaign," said Dwaine Stevens, Publix's director of community relations.
Graybar Electric earned $74.3 million in the third quarter, a 115.4% increase from the year-ago period. Net sales were $2.31 billion, up 23.2%.
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