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olko71 · 3 years

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New Post has been published on http://yaroreviews.info/2021/05/consumers-feel-the-pinch-as-prices-rise

Consumers Feel the Pinch as Prices Rise

Americans accustomed to years of low inflation are beginning to pay sharply higher prices for goods and services as the economy strains to rev back up and the pandemic wanes.

Price tags on consumer goods from processed meat to dishwashing products have risen by double-digit percentages from a year ago, according to NielsenIQ. Whirlpool Corp. WHR 1.09% freezers and dishwashers and Scotts Miracle-Gro Co. SMG 1.53% lawn and garden products are also getting costlier, the companies say. Some consumers are feeling stretched.

Kaitlyn Vinson, a program manager in Denver, said her recent $275 bill at a Costco Wholesale Corp. COST 0.41% store, which included razors and cotton pads on top of her typical grocery list, was more expensive than usual. Ms. Vinson said she switched from buying fresh to frozen fruit and vegetables because they are less expensive and last longer.

Kaitlyn Vinson said her recent bill at a Costco store was more expensive than usual.

Photo: Anthony Barbato

“We’re sacrificing the food that I really like to cook just to be cheaper,” she said.

Costs are rising at every step in the production of many goods. Prices for oil, crops and other commodities have shot up this year. Trucking companies are paying scarce drivers more to take those materials to factories and construction sites. As a result, companies are charging more for foods and consumer products including foil wraps and disposable cups.

Kellogg Co. , maker of Frosted Flakes, Cheez-Its and Pringles, said Thursday that higher costs for ingredients, labor and shipping are pushing it and other food makers to raise prices. “We haven’t seen this type of inflation in many, many years,” Chief Executive Officer Steve Cahillane said.

Investors and economists are watching whether the higher prices drive up broader measures of inflation, which have been muted for years.

Consumer prices jumped 2.6% in the year ended in March, according to the Labor Department, the biggest 12-month increase since August 2018.

As higher costs ripple through supply chains, more companies are concluding that their customers will accept higher prices. “They’ve seen price increases throughout the entire store,” Whirlpool CEO Marc Bitzer said. “I don’t think anybody is surprised right now.”

Warren Buffett, CEO of Berkshire Hathaway Inc., said during the conglomerate’s annual meeting May 1 that the economy is experiencing a substantial run-up in prices. “We’re raising prices, people are raising prices to us, and it’s being accepted,” Mr. Buffett said. “It’s an economy really that’s red hot, and we weren’t expecting it.”

SHARE YOUR THOUGHTS

What items are rising in price in your community? Join the conversation below.

Federal Reserve Chairman Jerome Powell said on April 28 that inflationary pressures resulting from supply-chain problems would likely be temporary and wouldn’t prompt the central bank to change policies aimed to keep borrowing costs down.

Some manufacturers didn’t pass higher costs along to consumers in the thick of the coronavirus pandemic last year partly because they didn’t want to charge people more for staples during a crisis, said Chris Testa, president of distributor United Natural Foods Inc. Instead, many manufacturers pulled back on discounts. Now, some food and consumer-product makers are raising prices by up to 10%, he said.

Costs for apples are up 10% to 20% depending on the variety, said Mike Ferguson, vice president of produce and floral at Topco Associates LLC, an Elk Grove Village, Ill.-based cooperative of more than 40 food companies including grocer Wegmans Food Markets Inc. Bananas and leafy greens are more expensive too, Topco said, while vegetable oils and oil-heavy products like salad dressing and mayonnaise are also getting pricier in part because of higher ingredient prices.

“Our overall goal is to cover cost increases,” said Jon Moeller, operating chief at Procter & Gamble Co. Procter & Gamble is raising prices on baby products, adult diapers and feminine-care brands.

Competitor Kimberly-Clark Corp. said it would increase prices by mid-to-high single digits on Scott bathroom tissues, Depend adult diapers and Huggies baby-care products.

H. Kenneth Fleetwood said he buys fewer brand-name products.

Photo: H. Kenneth Fleetwood.

H. Kenneth Fleetwood, a songwriter in Nashville, said he has shifted to buying more generic staples such as detergent and recently shopped around for a television and monitor for his studio before finding the lowest price at Walmart Inc.

“Penny-pinching is becoming the name of the game,” he said.

Devon Dalton, a sales director in Charlotte, N.C., said he is also buying more store brands and signed up for a fuel-savings program that gives him cash rewards at gas stations after he and his wife recently paid $20,000 more than the listing price to buy their first home.

“Everything is getting a bit tighter,” Mr. Dalton said. “We’re trying to think what would be a good way to stay smart with our money.”

Restaurant prices are rising, too. High demand for wings and a spate of new fast-food chicken sandwiches is pushing up chicken prices. Takeaway containers and coolers are more expensive than usual because production of resin, a key ingredient in plastic, was disrupted by winter storms in the South this year. Chipotle Mexican Grill Inc. said in April that it had raised prices for delivered food by 4%.

Patrick and Khisna Holloway treated themselves at a restaurant recently.

Photo: Patrick Holloway

Kevin Hourican, CEO of food-distributor Sysco Corp., said that even at higher prices the pent-up demand for restaurants is enormous. “People feel bad for their local restaurants. They want to support them,” he said.

Khisna Holloway, an office manager for a school in Los Angeles, recently ate at a Mexican restaurant with her husband for the first time in more than a year. She noticed her preferred combo of cheese enchilada and chili relleno cost about $4 more than the last time she visited. She didn’t mind.

“It felt like a treat,” she said.

Some people are delaying purchases, hoping prices will recede.

Nick Davison said he bought a graphics card for his computer for about $400 in February 2020. He said similar components now sell for more than $1,000 on eBay. He wants to build a second computer to mine cryptocurrency, but plans to wait to see if component prices decrease.

“It doesn’t seem smart to spend that much money on something that may go down in the future,” he said.

—Sharon Terlep, Annie Gasparro, Austen Hufford and Chip Cutter contributed to this article.

At The Wall Street Journal’s CEO Council Summit, Janet Yellen expressed her confidence that the U.S. economy and employment will return to normal by next year.

Write to Jaewon Kang at [email protected]

#PAID

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petallica08 · 3 years

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Unique cupcake packaging ideas for your small business

Congratulations on turning your passion into your business. Opening a small cupcake business is a unique business idea as they are famous among children and adults. Even thinking about fluffy small-size cakes with sweet icing would make everyone’s mouth water. However, the packaging is also a crucial part of your business. The right packaging will help you attract more customers and also keep your product safe. So, here are some unique packaging ideas using cupcake boxes UK and other supplies that you can use.

● Floral packaging

Floral packaging is the best way of gaining the attention of your potential clients. You can use artificial flowers UK wholesale for this purpose as they would not wilt during the time of delivery. You can attach some small artificial flowers at the top of the box for a magnificent look. You even have the option to choose the colour and type of flower depending on your customers’ personal preferences.

● Cupcake basket

You can make cupcake wicker baskets UK where you can put different flavours of cupcakes for your customers. You can even pack the basket with clear plastic wrapping to display the items. You can tie little bows, ribbons, and lace or even use stickers to give it a beautiful look.

● Cupcake jars

You can use small mason jars to pack your single cupcakes. You can even put crumbled cupcakes with frosting in the jar to give your business a unique approach to the baking industry. You can even decorate the jar with helium wholesale balloons UK. This would also make your product a great gift for birthdays, baby showers, and more.

● Disposable packaging

If you are in search of cost-effective packaging solutions, then you can try out disposable packaging. You can use disposable dessert cups to pack your cupcakes, especially for on-the-go orders. They are easy to handle and pack, giving you the opportunity to provide equal time behind other aspects of your business other than packaging.

● Single cupcake boxes

If you are selling single cupcakes, then there are a wide range of packaging options that you can try. You can look for themed single cupcake boxes according to different occasions like Christmas, Saint Patrick’s Day, Father’s Day, Mother’s Day, Birthdays, Weddings, and more. You can also choose the packaging material type for boxes, such as wood, plastic, and paper.

● Egg carton packaging

Egg carton packaging boxes have become a trend in 2021, and if you are making mini cupcakes, you got to have them for packaging. The egg slots are a perfect fit for the mini cupcakes, and you can decorate them in a lot of different ways. Moreover, they are also eco-friendly. Hence, you would be protecting mother Earth while making your business a success.

Wrapping Up

Selecting the right packaging option for food products can get challenging since you have to keep your food safe and market it by having a unique packaging system. Hence, look for professional packaging suppliers who will help you fulfil both these requirements seamlessly.

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wineanddinosaur · 5 years

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A National Look at How American Wineries Are Weathering the Covid-19 Pandemic

The Covid-19 coronavirus pandemic has brought countless American industries to a grinding halt, but life in the vineyard and in the cellar continues along its usual cycle. This is both a blessing and a burden.

With crucial vineyard and bottling work on the horizon, grape growers and winemakers must juggle seasonal winery operations while also navigating “shelter in place” orders, staffing decisions, and sales disruptions throughout the supply chain. The confluence of these events could result in one of the most challenging vintages in recent memory.

VinePair reached out to producers across the country to find out how the pandemic is currently affecting America’s wine business, and to ask what consumers can do to support the wineries they love. The wineries we spoke with urge wine drinkers to keep buying and enjoying wine, both directly from the winery, and at retail, bars, and restaurants (some of which are temporarily allowed to offer off-premise sales).

California

Over the past week, California Governor Gavin Newsom has imposed “shelter in place” orders in counties across this Golden State. Operations in wineries and vineyards can continue under these restrictions, as they’re considered essential business, but tasting rooms across the state are shut for the foreseeable future.

Napa

In Rutherford, at Honig Vineyard & Winery, the closures have forced a reshuffling of staff. “We are moving employees to various tasks to keep people in jobs, and have therefore reassigned tasting room employees to our bottling line,” says Stephanie Honig, director of sales and communications.

“Starting [Thursday], we decided to utilize our tasting room that is currently not in use as our children’s classroom,” Honig says. “The high school students we’ve hired to teach will be giving lessons and interacting with the children via Zoom. We have also opened this ‘class’ up to the children of our employees.”

The Honig tasting room is being transitioned to a temporary classroom. Courtesy of Honig Vineyard & Winery.

At Charles Krug Winery, in St. Helena, half of the hospitality team have also taken temporary roles in the winery, labeling bottles, and helping to package and ship orders. “They’re actually jacked up about learning more about the production side of the business,” says Judd Wallenbrock, CEO of the winery’s parent company C. Mondavi & Family.

While the company’s nationwide team of 30 wholesale staff can no longer meet distributors for in-person meetings and tastings, Wallenbrock says they’re making the most of the down time to reach out to their top trade customers and strengthen those relationships.

With off-premise sales surging across the country, and retail representing up to 80 percent of Charles Krug’s business, the company is fighting to keep bottles on shelves. “Our biggest challenge is having enough trucks to restock grocery stores,” Wallenbrock says.

Sonoma

“Surreal” is how Arista Winery co-owner Mark McWilliams describes life in Sonoma County right now. In nearby Healdsburg, shops are closed, and there’s no cars parked in the normally busy for Sonoma streets.

Almost all of Arista’s annual revenue comes from direct to consumer (DTC) sales, via its tasting room and mailing list. “It’s a huge blow to us right now that we can’t sell retail,” McWilliams says.

The winery remains operational, but is staffed by a skeleton crew. Vineyard workers are busy protecting vines from frost, while the cellar team carries out the small remaining tasks in the winery (late-winter and early-spring bottling is thankfully over).

When it became apparent that the “shelter in place” order would be imposed, McWilliams and his brother Ben (Arista’s co-owner) vowed to keep workers employed for as long as possible. To make that happen, Arista’s hourly staff are working 30 percent fewer hours, and hospitality employees have changed roles to help with other parts of the business.

While telephone outreach is not McWilliams’ usual — or preferred — sales technique, he is adapting. “We have to,” he says. “If I’m not selling a box of wine with the phone right now, I have no revenue. There’s literally no money coming in.”

Nevertheless, McWilliams is confident that, just like other catastrophes that have hit the area in recent times, this too shall pass. “Look at the last three years: We’ve had two fires and a major flood,” he says. “We are a resilient industry; we are not foreign to wild, unpredictable swings.”

Santa Clara County

Ridge Vineyards President David Amadia is navigating shelter in place orders in both Sonoma County, where Ridge’s Lytton Springs winery is located, and Santa Clara County, the home of its Monte Bello facilities.

At the latter, Ridge is currently operating with 50 percent of its normal staff, because of the implications of the shelter in place order on some employees. “We just got through the largest harvest in our history, so our wineries are absolutely full to the brim,” Amadia says. “To deal with all of that now with a skeleton crew is very challenging.”

Amadia anticipates a spike in DTC sales, so many of the tasting room staff are now packing orders in the warehouse. “Everyone is dealing with it with a smile,” he says.

To provide a “positive social outlet,” the winery plans to host weekly virtual tastings, so customers can communicate with the Ridge’s winemakers while tasting through their wines. Communications with distributors, meanwhile, have been “constant and regular,” he says, to make sure retailers remain stocked now that America’s bar and restaurant sector has largely shut down.

While times are tough, Amadia takes inspiration from the vineyard. “We work with a lot of vines that were planted in 1885,” he says. “Those vines have survived world wars, the Spanish flu, and Prohibition. They’re still there.”

New York

Long Island

On Long Island, Wölffer Estate Vineyard has shut its tasting room, in accordance with state orders. Wine is being sold for off-premise consumption only and all nonessential employees, such as administrative staff, are working from home.

For now, Wölffer is prioritizing essential vineyard work. The viticultural team has been advised to maintain safe distances and to work independently from one another.

“If restrictions tighten, we can have each worker stay very clear from one another, working in entirely different blocks of grapes and never cross paths,” says Max Rohn, Wölffer’s general manager. “As long as they can be in the vineyard, we can ensure the quality grapes required for great wines.”

While it’s taken a hit on the tasting room business, Wölffer’s team is hopeful that wholesale orders will stay strong. The winery has also found a creative solution to minimize health concerns retail customers may have in picking up orders.

“We opened the first ‘Handsfree Wine Drive-Thru,’” Rohn writes. “Customers can pull up in their cars, select wines, and swipe their cards as we load trunks, without having to even get out of the car.”

Finger Lakes

Like Wölffer, Hermann J. Wiemer’s tasting room is also closed, but a handful of the winery’s staff is continuing to sell wine to customers via “curbside pickups,” says co-owner Oskar Bynke.

Some of the tasting room staff have also been trained to prune the property’s 130 acres of vines. Others are assisting by babysitting their colleagues’ children, since all of the schools in the tri-state area are now closed.

While the winery continues to sell wine online and at the property, Bynke urges those in the tri-state area to consider buying from bars and restaurants, which are now able to sell alcohol for off-premise consumption. That way, he explains, restaurants, distributors, and producers all get paid. “You may even find some aged gems!” he says.

Virginia

While Virginia’s hospitality industry remains technically open for business, there’s currently a 10-person limit inside restaurants, gyms, and theaters. All of the state’s wineries, which rely heavily on tourism, have ceased in-house tastings, according to Kirk Wiles, chair of the Virginia Wine Board.

But wineries continue to host guests in other, more novel ways. With a 475-acre sprawling property, Tarara Winery has opened its grounds for locals to walk, bike, and hike, while practicing safe social distancing. Others plan to follow suit.

“If [guests] get a bottle of wine and a plastic cup, and head off to the edge of the woods where they’re not in contact with anyone, that can be a happy medium,” Wiles says.

As most local producers employ crews of five or less in the winery, they do not fall foul of the 10-person gathering limit. This is a good thing, Wiles says, because 2019 was one of the “best vintages on record,” and wines still need to be bottled and sent out to distributors and consumers.

The biggest challenges remain in the vineyard. If wineries can’t bring in any significant revenue from tourism, they may not be able to pay vineyard workers. And with pruning to be done, and plants just weeks away from bud-break, these are “stressful times,” Wiles says.

Washington State

In Washington State, the early epicenter of the coronavirus outbreak in the U.S., all wineries and tasting rooms are closed for in-person tastings and events.

With four tasting rooms across the state, Goose Ridge Estate Winery has been hit hard. “Our Richland and Woodinville tasting rooms are currently open for to-go sales and pick-up, including curbside delivery for guests who prefer not to leave their cars,” says Tiffany Stetson, general manager of DTC sales. While the company has temporarily closed its Leavenworth and Walla Walla tasting rooms, Goose Ridge’s winery operations and vineyard management are so far continuing as normal.

To connect with consumers, the winery is ramping up its social media activities, and is further supporting the local community by offering its Woodinville tasting room as a drop off location for an industry food bank. (The food bank provides assistance to wine and restaurant employees around the Woodinville, Bothell, and Maltby area, Stetson explains.)

Goose Ridge continues to sell wine via its online store, and even offers overnight shipping within the state. “This is the perfect time to have a few bottles on hand for a night at home,” Stetson writes.

Oregon

Oregon governor Kate Brown has canceled all events of more than 25 persons, and restricted bars and restaurants to carry-out and delivery only for the next four weeks, minimum. But for Willamette Valley-based Antica Terra, which has temporarily closed its tasting room and canceled events as a result, some of the biggest challenges remain on the horizon.

“We must bottle our wine next month, but we are small, and rely on mobile bottling trucks and temporary staff,” winemaker Maggie Harrison explains. “We aren’t sure what will be available, and if we can get the truck. It will likely cost us four times as much [as normal], as we will have to slow the speed down to a quarter to accomplish with responsible social distancing.”

But the team remains resilient and optimistic. In the coming weeks, Harrison says Antica Terra will hold interactive tastings and virtual panels; produce “wellness kits” that include bone broth and house-made sanitizer; and invest in long term projects such as planting gardens and building chicken coops.

“We are throwing out everything we thought we knew and getting creative,” Harrison says.

Texas

Some 50 miles west of Austin, and less than a 10 minutes’ drive from the LBJ Ranch (otherwise known as the Texas White House), William Chris Vineyards co-founder Chris Brundrett is doing everything he can to maintain his staff of 63 workers.

That task became more difficult on Wednesday after Brundrett voluntarily closed the winery’s tasting room amidst the growing health risk from coronavirus. “Ninety percent of our sales are direct to consumers,” he says. “It was a tough pill to swallow.”

The team is focusing on innovation to keep everyone in a job. Local customers can still purchase directly from the winery in person, but via “drive ups” rather than at the property’s hospitality suite.

Like many other wineries, Brundrett and team are planning to connect with their customers virtually. They plan on streaming wine tastings across social media channels, and hosting “ask me anything” sessions and happy hours, where the winery’s director of education will suggest food and wine pairings.

The winery also plans a cooking show for its on-site chef, who is otherwise busy cooking staff lunches and preparing cheese plates that customers can purchase along with their pick-up wines. “We want to support our local cheesemongers too,” Brundrett says.

William Chris’ executive team has taken a pay cut, and they’re also considering minor pay cuts for those on salary so that all the hourly staff can stay on the payroll. “We’ve worked for over a decade to build the team we have now,” Brundrett says. “Making sure they’re supported, so we can get back on our feet as soon as we open our doors again is important to us.”

Amidst the uncertainty and trying times, Brundrett sees a silver lining in his unusually quiet schedule. “My calendar was absolutely full a month ago; now it’s empty,” he says. “I’ve never sat for dinner with my kids more times than I have in the last two weeks.”

The article A National Look at How American Wineries Are Weathering the Covid-19 Pandemic appeared first on VinePair.

source https://vinepair.com/articles/american-wineries-covid-19-update/

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johnboothus · 5 years

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A National Look at How American Wineries Are Weathering the Covid-19 Pandemic

California

Napa

The Honig tasting room is being transitioned to a temporary classroom. Courtesy of Honig Vineyard & Winery.

Sonoma

Santa Clara County

Amadia anticipates a spike in DTC sales, so many of the tasting room staff are now packing orders in the warehouse. “Everyone is dealing with it with a smile,” he says.

New York

Long Island

For now, Wölffer is prioritizing essential vineyard work. The viticultural team has been advised to maintain safe distances and to work independently from one another.

Finger Lakes

Like Wölffer, Hermann J. Wiemer’s tasting room is also closed, but a handful of the winery’s staff is continuing to sell wine to customers via “curbside pickups,” says co-owner Oskar Bynke.

Some of the tasting room staff have also been trained to prune the property’s 100 acres of vines. Others are assisting by babysitting their colleagues’ children, since all of the schools in the tri-state area are now closed. “There’s almost a sense of enjoyment here,” Bynke says.

Virginia

“If [guests] get a bottle of wine and a plastic cup, and head off to the edge of the woods where they’re not in contact with anyone, that can be a happy medium,” Wiles says.

Washington State

In Washington State, the early epicenter of the coronavirus outbreak in the U.S., all wineries and tasting rooms are closed for in-person tastings and events.

Oregon

“We are throwing out everything we thought we knew and getting creative,” Harrison says.

Texas

The article A National Look at How American Wineries Are Weathering the Covid-19 Pandemic appeared first on VinePair.

Via https://vinepair.com/articles/american-wineries-covid-19-update/

source https://vinology1.weebly.com/blog/a-national-look-at-how-american-wineries-are-weathering-the-covid-19-pandemic

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isaiahrippinus · 5 years

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A National Look at How American Wineries Are Weathering the Covid-19 Pandemic

California

Napa

The Honig tasting room is being transitioned to a temporary classroom. Courtesy of Honig Vineyard & Winery.

Sonoma

Santa Clara County

Amadia anticipates a spike in DTC sales, so many of the tasting room staff are now packing orders in the warehouse. “Everyone is dealing with it with a smile,” he says.

New York

Long Island

For now, Wölffer is prioritizing essential vineyard work. The viticultural team has been advised to maintain safe distances and to work independently from one another.

Finger Lakes

Like Wölffer, Hermann J. Wiemer’s tasting room is also closed, but a handful of the winery’s staff is continuing to sell wine to customers via “curbside pickups,” says co-owner Oskar Bynke.

Virginia

“If [guests] get a bottle of wine and a plastic cup, and head off to the edge of the woods where they’re not in contact with anyone, that can be a happy medium,” Wiles says.

Washington State

In Washington State, the early epicenter of the coronavirus outbreak in the U.S., all wineries and tasting rooms are closed for in-person tastings and events.

Oregon

“We are throwing out everything we thought we knew and getting creative,” Harrison says.

Texas

The article A National Look at How American Wineries Are Weathering the Covid-19 Pandemic appeared first on VinePair.

source https://vinepair.com/articles/american-wineries-covid-19-update/ source https://vinology1.tumblr.com/post/613131631090417664

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