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5@5: Economists call for end to carbon economy | Wall Street funds sustainable farming

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.

August 4, 2020

2 Min Read
Vital Farms carton of eggs
Vital Farms

Letter from economists: To rebuild our world, we must end the carbon economy

If COVID-19 has shown the world anything, it's that a more sustainable and inclusive economy is the way of the future. A recent letter signed by over 100 economists corroborates this and explains how a large-scale economic transformation that dismantles a carbon economy will bring both economic recovery and a healthy planet. The economists discourage a return to normal on the basis that "when crises strike, the disaster amplifies along society's fault lines." Read more at The Guardian


Vital Farms' blockbuster IPO proves Wall Street has an insatiable appetite for sustainable farming

Vital Farms' shares soared 60% after it started trading last Friday afternoon, proving that investors are seeking out companies with ethical standards and environmentally friendly practices. Founder Matt O'Hayer was inspired by Whole Foods founder John Mackey to consider conscious capitalism when building the business. O'Hayer believes going public will help Vital Farms products land in far more American households. Read more at Forbes


Tyson replaces CEO after 2 years, warns of fresh slowdowns

Noel White plans to step down as chief executive officer at Tyson Foods after only two years; he will remain at the company as executive vice chairman. The company has been under fire for its lack of social distancing practices in its plants in addition to being subject to antitrust investigations by USDA and the U.S. Justice Department. White will be replaced by Dean Banks, currently president at the company. Read more at Bloomberg


Study finds that switching to a plant-based diet will create 19M more jobs

A widespread switch to plant-based diets would create some 19 million food production jobs in Latin America and the Caribbean, according to a study done in partnership by the International Labour Organisation and the Inter-American Development Bank. These regions have been particularly hard hit by the pandemic due to the lack of need for so-called informal workers. Read more at The Beet


Food sovereignty is becoming crucial for Indigenous nations across the U.S. as they search for ways to improve nutrition and shorten the food supply chain amid COVID-19 outbreaks. It also presents an opportunity for these communities to reconnect with their heritage through the use of traditional farming techniques and seeds. Read more at The New York Times

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