Morning Brew - ☕ Farm to label

How the Farm Bill could help CPGs.
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November 03, 2023

Retail Brew

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Happy Friday. If you’ve been hiring or looking for a job lately, you already know there aren’t that many out there. In fact, fewer than 150,000 jobs were added in October, according to the Bureau of Labor Statistics, a number that fell below expectations. Still, unemployment remained relatively low at 3.9%. We’ll take the win.

In today’s edition:

—Erin Cabrey, Katishi Maake, Andrew Adam Newman

OPERATIONS

Playing the field

Turner Dairy cows in field Danone

Since January, we’ve been talking about how a new Farm Bill is coming this year, and the many ways it’ll impact the retail industry, from funding SNAP benefits to furthering hemp legislation.

Since then, there’s been uncertainty around whether the new bill will actually come this year. Lawmakers didn’t pass the bill by the deadline at the end of September, and while some Republicans are pushing for newly elected House Speaker Mike Johnson to pass it ASAP, there have also been talks of a one-year extension, as recently mentioned by Arkansas Sen. John Boozman and Agriculture Secretary Tom Vilsack.

Such extensions aren’t unusual—the 2008 and 2014 bills both had them, noted Chris Adamo, VP of public affairs and regenerative agriculture policy at Danone, who worked on both editions as former staff director of the US Senate Committee on Agriculture, Nutrition, and Forestry and legislative counsel for US senator Debbie Stabenow, respectively.

“It’s always good to get that five-year vision and pathway down about what these policies are going to be,” Adamo said. “It’s a good thing to get a new farm bill for sure, and we’re very supportive of that, but I don’t think we should overthink the impact of an extension.”

The extra time doesn’t mean stakeholders across retail have lost sight of their priorities for the bill; Adamo shared with Retail Brew what the Silk and Activia maker hopes to see in the forthcoming edition of the bill, and how it’ll impact the company’s goal of establishing a more sustainable supply chain.

Keep reading here.—EC

     

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E-COMMERCE

The real deal

Nikes shoes on display at eBay event eBay

Christmas came early for the hypebeasts.

EBay opened a street fashion pop-up this week to bring its authenticated sneakers and streetwear to the real world.

Canal Street Wear, in lower Manhattan, is an extension of eBay’s online authentication program, which recently expanded to streetwear. The pop-up, which is active Nov. 3 and 4, will offer on-site authentication from eBay’s streetwear team, and will feature products from brands including Bape, Kith, and Supreme.

Keep reading here.—KM

     

FOOD & BEV

Plate expectations

A gif from the TV show The Bear with a character saying, The Bear/FX via Giphy

When you ask “What’s cooking?,” there’s one place you’re certain to get an earful, and that’s from the restaurant industry.

An annual survey from Toast, the digital technology platform for restaurants, offers healthy portions of both struggles and optimism from restaurant executives.

Inflation is, naturally, on the menu: 42% reported that they raised menu prices as a reaction to inflation in the past 12 months, up from 36% who did so last year.

Yes, chef! But challenges with the economy don’t mean that restaurants are about to 86 their ambitions.

Keep reading here.—AAN

     

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SWAPPING SKUS

Today’s top retail reads.

Tip for tat: Doordash is testing a new screen on its app that will warn customers they may have to wait longer for their food if they don’t tip. (the New York Times)

No accountability: Garment worker protests in Bangladesh are demanding higher minimum wages and continue to grow, but some are wondering where the major fashion brands coming out of the local factories are. (Vogue Business)

From the horse’s mouth: Retail workers and shoplifters explain retail theft in the US. (Vox)

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