Will the Food and Beverage Manufacturing Sector Ever Cool Off?
June 8, 2022
By Jay Garner, CEcD, President, Garner Economics LLC
Will the Food and Beverage Manufacturing Sector Ever Cool Off? In a word, no. At least not in the foreseeable future. Why is this? The Covid-19 pandemic reshuffled the deck on almost all of what we do, how we do it, shaping trends and consumer preferences. The global demand for food has never been higher. This of course affects costs. Inflation is real, (but you know that unless you haven’t been to either a grocery store or a restaurant since March of 2020). Food costs are up 5.4 percent in 2...
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