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5@5: Grocery stores urge calm | Amazon eyes Fairway stores

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.

Grocery stores urge calm amid COVID-19 crisis: 'This is a demand issue. Not a supply issue'

The U.S. grocery industry has done everything in its power to stay open, stocked and running as consumers continue hoarding quarantine essentials such as toilet paper, canned goods and hand sanitizer. Retailers are doubling down on their store sanitation efforts and following strict food safety protocols, in addition to bolstering their delivery services. Read more at ABC

 

Amazon looking to buy 4 Fairway stores amid COVID-19 chaos

Amazon is bidding on four stores once owned by the now-bankrupt Fairway Market in New York and New Jersey. While the S&P 500 has plummeted 25%, Amazon shares are up 4.6% in 2020. Read more at New York Post

 

Impossible Foods CEO on running a $4B startup from a children's bedroom

Here, San Francisco-based biochemist and Impossible Foods Chief Executive Office Pat Brown delves into the frustration and longer workdays that often result from working exclusively at home during a crisis. Impossible Foods legally could have kept operating under its status as a food producer, but Brown instead chose to suspend production while continuing to pay all salaried, temporary and hourly workers. Read more at The Wall Street Journal

 

Green Growth Brands closes CBD stores, CEO Horvath resigns

Peter Horvath, founder and CEO of Green Growth Brands, has officially resigned. This news came just after the company announced it would be closing all of its CBD retail kiosks. Read more at Columbus Business First...

 

Big Ag companies say business continues amid COVID-19 pandemic

Farmers nationwide are planning on planting and harvesting as usual this year despite the COVID-19 pandemic. According to Nelson, there has been little disruption in the supply chain so far, indicating that the state of the consumer-facing side of things makes America's situation seem far worse than it actually is. Read more at The Counter

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