Navigating trucker shortages and other freight challenges can be difficult for the food industry, but Land O'Lakes has put several strategies in place to offset shipping issues, said Chief Supply Chain Officer Yone Dewberry. The company is increasing its use of technology to better track shipments, partnering with private fleets and collaborating with industry associations such as GMA and FMI to find solutions.
Costco's decision to stop serving Polish hot dogs at its food courts in favor of healthier menu items has drawn opposition, and two online petitions to bring the dogs back have garnered about 25,000 signatures. Costco kept its best-selling regular hot dog on the menu, and rival Sam's Club recently brought back its Polish hot dog nationwide.
Meal-kit maker Chef'd has ceased operations and informed employees of layoffs, reportedly running through capital it had raised in recent months. "One company's financial woes are not necessarily indicative of a trend, but it brings to light the challenges in supporting the meal kit financial model," according to Rick Stein, FMI's vice president of fresh foods.
Southeastern Grocers has rolled out its updated loyalty program called SE Grocers rewards, to be available at all of its banners including Winn-Dixie and Harveys. The program will focus on letting consumers earn discounts on groceries and gasoline at participating stations.
Target booked its biggest day for online traffic and sales this year on Tuesday, the company said, with sales designed to rival Amazon's Prime Day event. The retailer sweetened the one-day sale deals by offering those who spent $100 or more a free six-month membership with Shipt, the delivery service it acquired last year.
Albertsons will send Paul Gossett, now running its Shaw's and Star Market banners in the Northeast, to Chicago to become president of its Jewel-Osco banner. Gossett will replace longtime executive Doug Cygan, who died on July 5.
A new virtual reality standard, VirtualLink, could significantly cut down on equipment clutter by allowing connection via a single USB-C cable. The new standard was developed by Microsoft, AMD, NVIDIA, Oculus and Valve to pave the way for next-generation VR equipment.
Swiss watch brand Swatch Group added more than 800 new staffers in the first half of 2018 as a result of growing demand that could generate a double-digit rise in sales this year, CEO Nick Hayek said. The company has also boosted its investment in diamonds and gold, raising inventory levels to a record high.
Summer pop-ups are proving increasingly popular, especially in upscale vacation destinations like the Hamptons. "The experience of leisure shopping and capturing customers while they're relaxed and have time to browse and discover can be a very effective way to expand market share," Abrams Global founder and CEO Andrea Abrams said.
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