Silicon Valley’s VCs are Thinking Twice About Throwing Money at Food

Find out more by watching this installment of The Lempert Report.

Mar 19th, 2019

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Tracked Food & Beverage Facility Planned Activity Slides Further in May

The number of planned food & beverage factory projects had been well below the 2020 average in recent months.

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A Taste of Thailand

An inside look at some of the country's top food processors, including Cargill Meats Thailand, Jelly Belly, CP Thai Rice Company and more.

In this May 20, 2020 photo, residents cheer and hold thank you signs to greet employees of a Smithfield pork processing plant as they begin their shift in Sioux Falls, S.D.

Smithfield Plant Union Enters Contract Talks With OK to Strike

However, union leaders said they hope to avoid a work stoppage as they prepared to meet with company representatives.

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USDA Investing $4 Billion in Food Supply Chain

The funds will strengthen the food system, support food production, improved processing, investments in distribution and aggregation, and market opportunities.

The World Bank building in Washington, April 5, 2021.

World Bank Projects Best Global Growth in Nearly 50 Years

But the 2021 rebound will be uneven, led by rich countries that could afford to spend vast amounts to support their economies.

This 2019 photo provided by NOAA shows the Mauna Loa Atmospheric Baseline Observatory.

Carbon Dioxide Levels Hit 50% Higher than Preindustrial Time

And the average rate of increase is faster than ever.

Employees of a Smithfield pork processing plant register to vote on June 3 on a contract offer from the company at the union's office in Sioux Falls, S.D. The union voted overwhelmingly against it, escalating labor negotiations.

Labor Talks Escalate at South Dakota Smithfield Pork Plant

A union has overwhelmingly rejected a company contract offer and will next move to bring the prospect of a strike to the negotiating table.

In this May 20, 2020 photo, residents cheer and hold thank you signs to greet employees of a Smithfield pork processing plant as they begin their shift in Sioux Falls, S.D.

Union Members at Virus-Striken Smithfield Plant Considering Strike

The dispute has centered on the wages for meatpacking employees, health care costs and break times.

Kraft Heinz to Invest $199 Million in Manufacturing Facility

It would be the company's biggest expansion of an existing manufacturing site outside the U.S. in more than 20 years.

In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington.

Fed Sees Faster Growth Despite Shortages

Factory output increased despite “significant supply chain challenges” that continued to disrupt production.

In this May 1, 2020 photo, a sign sits in front of the Tyson Foods plant in Waterloo, IA.

Tyson Foods CEO Abruptly Steps Down After Less Than a Year

The company said Wednesday that Donnie King will succeed Banks, effective immediately.

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The Highest-Paid CEOs by State

Median pay for S&P 500 CEOs was $12.7 million last year.