5@5: Coronavirus' retail reckoning | Cultured meat startups aim to fix broken meat supply chain

Each day at 5 p.m. we collect the five top food and supplement headlines of the day, making it easy for you to catch up on today's most important natural products industry news.

May 14, 2020

2 Min Read
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Coronavirus finishes the retail reckoning that Amazon started

The U.S. government is expected to report one of the worst months for retailers since World War II this week. The pandemic has pushed retailers small and large to nurture the digital side of their businesses, and experts predict that the boom in online shopping and delivery will last long after the pandemic subsides. Read more at The Wall Street Journal


As the US meat supply chain fumbles, cultured meat startups consider a better system

The cell-cultured meat industry has yet to roll out large-scale infrastructure, and its members are taking note of the current meat system's failures to inform how it moves forward in terms of production. And because of the nature of this novel protein source, cell-based meat companies will likely only require a few employees to be present at each facility to keep things running. This will allow such operations to pop up as needed around the country, especially near high-demand areas like densely populated cities. Read more at Quartz


Tyson will reduce prices on some beef products this week, as grocery store prices soar

Tyson is hoping to maintain consumers' beef consumption by lowering prices of some of its products this week in an effort to benefit members of the meat supply chain, including cattle ranchers. Supermarket meat prices have risen in recent weeks since large-scale meat processing plants began shutting down due to COVID-19 outbreaks. Read more at CNN


The farm-to-food bank movement aims to rescue small-scale farming and feed the hungry

Food producers need interim markets to make up for the lack of business from food service and restaurants, and community-driven farm-to-food-bank projects may have the perfect solution. These organizations pay fair market prices to farmers for food that would otherwise go to waste and effectively handle the logistics needed to get perishables to those in need as quickly as possible. Read more at Civil Eats


Coronavirus prompts Amazon to convert more Whole Foods locations to online delivery only

More Whole Foods stores are going dark nationwide as Amazon attempts to keep up with demand from quarantined consumers. Amazon is also extending its increased hourly pay through the end of May for all employees, in addition to extending double overtime pay stateside and in Canada. Read more at Fox News… 

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