Grocers adjust on the fly as supply chain challenges mount
November 1, 2021
Grocers are finding supplies of popular products going from plentiful to almost zero from week-to-week as demand grows, with COVID-19 remaining a factor across the U.S. and reports of stock-outs growing more common. “The fact is, it’s like whack-a-mole,” Vivek Sankaran, CEO of Albertsons Cos., said on a conference call recently. “On any given day, something is out of stock in the store.”
Recent News
TikTok Suspends TikTok Lite Rewards Program in the EU
A TikTok service offering rewards such as gift vouchers for watching videos has been suspended by the social media site.
FCC Votes To Restore Net Neutrality Rules
The Federal Communications Commission (FCC) voted 3-2 on Thursday to reinstate net neutrality rules that were rolled back during the Trump administration.
Blackstone To Buy Tropical Smoothie Cafe
Alternative asset manager Blackstone is set to buy the restaurant chain Tropical Smoothie Cafe.
Ford’s Total EV Sales Post $1.3 Billion Loss in Q1
Ford’s EV division, known as Model e, faced a tough start to 2024.