Food Industry Archive

August 2008

Rising Costs Becoming an 'Epidemic' in Food Industry

By Dan Mitchell | Aug 4, 2008

Rising costs have become an “industrywide epidemic” in the food business, according to Eric Fox, a hedge-fund manager, writing at Investopedia.com. A bit of an overstatement, that. There are still food companies doing well, or at least relatively well. As Barron’s noted last week, “it is all about who’s succeeding in passing along higher commodities costs.” For...

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Chiquita's Best Quarter in Three Years

By Dan Mitchell | Aug 1, 2008

Last month, things looked grim for Chiquita. It issued a forecast that the Associated Press characterized as “bleak.” Sales were flat or falling, costs were rising. The company was having a hard time passing its rising costs along to consumers. A restructuring effort begun last fall had yet to bear much, forgive me, fruit. Bad weather in Central America was nipping into both volume...

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About Food Industry

BNET Food provides daily industry trends and news coverage with insights for managers and executives, focusing on the major companies in the food and beverage sector, from manufacturers to retailers. In addition to detailed company profiles, we bring you industry analysis on new alliances and partnerships, food products, mergers and acquisitions, contamination events, health risks, investments, and a host of other important business issues.