private-label will be a bigger moment), but if consumers are truly price motivated right now, it could fundamentally change behavior, driving trial and shifting volume toward plant-based milk (Bloomberg). This isn't a perfect apples-to-apples comparison yet (private-label vs. In the UK, private label plant-based milk is now cheaper than branded cow's milk. A global 3-year CAGR would be a much more meaningful measure here. inflation rates started ramping up in April 2021 (BLS). Most recent headlines are based on 1-year U.S. When inflation rises consumers tend to shift spending from premium products to value products & private label (Nielsen IQ). This is a normal consumer response to inflation. But I'm still optimistic about this segment for a few reasons.ġ. There's no doubt plant-based foods (especially proteins) are going through a rough patch right now. Rebecca Infusino, Amanda Duran, Matthew Pluim, Wesley Taylor, Sidney Sauter, Andrew Min, Hameed Jagani, MBA, Erik Nordby, David Piza, Brian Kincaid, Michelle Amador, Craig Resnick, Gibb Anella, Will Woodward, Benjamin Döring, Gordon Wang, Tim Morris, Jared LaBounty, Lenny Erlanger, Bernard Mantlo, Kelsey Ching, Geoff Parker, Evan Nave, Sara Tanger Moser, Elspeth Walther, Kristianne Donadio, Victoria B., Matthew Olejownik, Danny Nelson, Maranda Bailo, Dawn Lockwood, Monique VanWyk, Jérémi Plouffe, Jamie Grass, Megan Olsen, Chris Heppe, Amy Grabow, Sarah Kipp, Kim Turner #appreciation #grateful #experience #beyondmeat #layoff Regardless, I am thankful to all that I've had the pleasure of working with! There is a tag/mention limit and I don't have everyone added on LinkedIn so I certainly missed a lot of people. As soon as you're ripe, you start to rot." -Ray Kroc If you know of any opportunities in the Bay Area please reach out to me via DM, call, text or email - long as you're green, you're growing. I'm looking to continue in Field Operations (Strategic partnership field marketing and operations support in QSR and Foodservice + retail execution support). My time at Beyond has come to an end and the job hunt begins. I take pride that I worked extremely hard to be successful within this company and was never given anything. This has been an extremely rewarding experience and I wouldn't take anything back. I want to thank everyone at Beyond Meat and our retail and QSR/FS partners who I've had a privilege of meeting and working with. I experienced things I never thought I would and I've made lifelong connections that I will be forever grateful for. The grind continued and I traveled the country to provide quality service and support for our QSR/Foodservice partners. It was a grind and the retail sales team held it down! Fast forward to this year, I joined a new team. Uncertain times led to uncertain outcomes, but one thing stayed true, good responses led to good outcomes. Life as we knew it was soon thrown out the window like Mace Windu. I joined Beyond before the start of the COVID-19 pandemic. Not only have I gained new skillsets and experience, but family, friends and mentors as well.Īfter going through the drop, loops and corkscrews, I've had some time to reflect as this emotional rollercoaster levels out before its next lift hill. I've worked with the most passionate, talented, and intelligent people within Beyond and externally with our partners. Beyond was my dream company and I'm proud I got to be part of it. I was recently laid off after almost 3 years of living, breathing, and eating Beyond Meat. Daly will talk exclusively in the 10a ET hour with our Jennifer Schonberger. More on this one now on the Yahoo Finance homepage.Ĥ) Programming note: Federal Reserve Bank of San Francisco president Mary C. One of those employees being let go is Doug Ramsey, who had been on suspension for allegedly biting a person's nose at a football game. “We have seen a substantial decline in home originations industry wide," Wells Fargo CFO told me on a media call this AM.ģ) Beyond Meat is cutting 19% of its workforce after a major third quarter sales miss. The chart below from EvercoreISI offers great insight into why the deal is happening - Walmart continues to dominate grocery.Ģ) The theme from all of the big bank bank earnings out this morning: the economic slowdown is very real, and weighing on housing and auto sales a lot. What I am watching for the Yahoo Finance community:ġ) Kroger is buying Albertsons Companies for almost $25 billion! Combined, the company will have close to 5,000 stores in the U.S.
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