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Heat Waves, Grocery Mergers, and eCommerce Surges: Produce Industry Updates
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Welcome to the Credible Vegetable Report! This week, hosts Craig Slate and Matt Mandel delve into the latest updates affecting the produce industry.
In this episode:
Weather Watch: π‘οΈ Extreme heat continues to scorch California, impacting summer crop yields and farm operations. Meanwhile, flood watches are in effect for the southern Midwest and northern New Mexico.
Consumer Price Index Insights: π Discover how the June Consumer Price Index (CPI) reports a slight decline, with notable changes in gas and food prices (Source: Bureau of Labor Statistics).
eGrocery Boom: π Learn about the 8% rise in U.S. eGrocery sales in June, driven by a surge in delivery and ship-to-home orders (Source: Produce Blue Book).
Kroger & Albertsons Merger: πͺ Get the details on Kroger and Albertsons' plan to divest over 500 stores as part of their $25 billion merger deal (Source: Supermarket News).
Retail Trends: ποΈ Explore how Sprouts and BJβs are thriving with smaller store formats, and Whole Foods' response with its new 'Daily Market Shop' (Source: Supermarket News).
Market Talk: π Updates on squash, cucumber, eggplant, green bell pepper, jalapeno, and Roma tomato markets.
Driscoll's Sweetest Batch Strawberries: π Craig and Matt taste-test Driscoll's new Sweetest Batch strawberries, discussing their exceptional quality.
Join us for these topics and more, as we provide valuable updates and market analysis to keep you informed about the produce industry.
Don't forget to like, comment, and subscribe for more updates!
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