Category Archives: Business/Economy

App Helps Truck Drivers Avoid Disaster Areas — HSToday.com

A new app can help truck drivers avoid disaster areas as they transport goods around the country: “This app, which CISA funded and INL developed in partnership with industry and government operational professionals, leverages coordinated data streams provided by the All Hazards Consortium (AHC) Sensitive Information Sharing Environment (SISE) to visualize and streamline commercial vehicle movement across multiple states by aggregating documents, information, and data relevant to the logistics industry in times of restricted operations.” P.S. Healthy, efficient supply chains...

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Grocers Begin to Limit Meat Purchases — GroceryDive.com

Some grocery stores are beginning to limit meat purchases as supply chain strain becomes more obvious: “Grocers including H-E-B, Kroger and Albertsons are limiting the amount of meat and poultry customers at some locations may purchase as processors close plants in response to the pandemic, according to company announcements and media reports.” P.S. Walmart knows the importance of making sure that goods are on its shelves. If you want to improve your in-stock stats, 8th & Walton can help. Get...

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Sales Spike in the Frozen Aisle — FoodDive.com

There’s been a sales spike in frozen foods and consumers have indicated that they plan to continue purchasing frozen items in the near future: “Frozen food will continue to be in high demand even after the coronavirus crisis subsides, according to a new survey from the American Frozen Food Institute. Half of those who purchased frozen foods since the onset of the crisis say they will purchase a lot more (18%) or somewhat more (32%) in coming months.” P.S. People...

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Suppliers Challenged by COVID-19 — RetailDive.com

Suppliers have suffered a one-two punch as they adjust to both tariffs and the challenges wrought by trying to do business during a pandemic: “While large retailers have been issuing press releases about how they have been responding to and affected by the pandemic, their suppliers — many of them still suffering from last year’s tariff wars — are going through much of the same turmoil behind the scenes.” P.S. Consistent business practices are more critical than ever. If you...

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Target CEO: Big Box Stores Well-Positioned — CNBC.com

Consumers are trying to consolidate their shopping trips, a behavior that may continue even after the economy reopens. Big box stores are well-positioned to meet consumer demand: “He said he expects customers will continue consolidate their shopping into fewer trips. He said that trend would benefit the big-box store, too, since it sells many items from medicine and groceries to clothing.” P.S. Big box stores have a significant role to play in getting the U.S. economy back on track. Want...

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Retailers Request Uniform Plans for Reopening — Inquirer.com

Retail industry leaders are asking states to adopt uniform standards for reopening stores: “As states, cities, and companies big and small struggle over when and how to restart the economy, the Retail Industry Leaders Association and the National Retail Federation have some ideas. On Monday, they are sending a six-page memo to governors outlining a three-phased plan for how stores can maintain public safety once they are allowed to reopen their doors to customers. The guidelines call for stores to...

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Consumers Opting for Canned, Frozen Produce — SupermarketNews.com

Consumers have shifted toward buying frozen and canned produce, likely due to a desire to have nutritious food on hand that isn’t going to spoil quickly: “Americans sheltering at home are prioritizing healthy foods offering an extended shelf-life, including produce. Though fresh items remain key to consumers, they’ve stepped up buying of canned, bottled or frozen counterparts across the store, Nielsen reported. For the year to date through April 4, for example, purchases of frozen and shelf-stable fruit grew at...

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Reopening Retail Means Big Changes — Forbes.com

As retail stores start to open up a new reality has taken hold. Retail stores will have to change the way they operate to meet guidelines for preventing the spread of COVID-19: “Physical stores will transform from experiential, social-interactive gathering centers to places of commerce and cleanliness. Social distancing is already commonplace for the U.S. population. Understanding how other countries or industries are handling the reopening process may help retailers create safe shopping environments.” P.S. Retail is changing in ways...

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Clustered cargo containers at the port on a overcast day.

Tariff Relief on Some Goods — SupplyChainDive.com

Some tariff relief will be available, though not on Chinese goods subject to the president’s recently imposed tariffs: “A new rule from the U.S. Treasury Department and Customs and Border Protection will allow importers to delay payment of some tariffs for 90 days on goods imported during March and April 2020, according to a release from the agencies.” P.S. Tariffs could increase costs throughout the supply chain. 8th & Walton advisors help suppliers run a nimble business and keep costs...

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Consumers Make Tough Choices — New York Times

Consumers are finding themselves rethinking their budgets and purchases, finding themselves making some hard choices: “As millions of Americans lose jobs, take pay cuts, close businesses and absorb family members into their homes, they are being forced to rethink where their money goes. Even before the scramble for new jobs can begin, people are cajoling creditors, looking for gig work or simply cutting back to get through the first few disorienting weeks.” P.S. In uncertain times, consumers are seeking to...

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