- Shown in a recent poll by Reuters, China’s exports are expected to expand at a faster pace in May due to factories reopening in Shanghai. Data showed that the average daily container throughput at the Port of Shanghai increased 7% in May prior to a month earlier.
Source: U.S. News. Read the full article here.
- On June 1st, 2022 Agriculture Secretary, Tom Vilsack on behalf of the USDA, shared a plan that will help to ease the current supply and inflation issues that are disrupting the food production and distribution. The $2 billion proposal will include up to $300 million to help farmers in need transitioning to organic production, up to $75 million to support “urban agriculture, and up to $375 million to support independent mean and poultry plants to help diversify the supply chain. This initiative is to make healthy food available at reasonable prices given recent inflation.
Source: Food Processing. Read the full article here.
- Chipotle is now accepting cryptocurrency as payment at stores nationwide. Chipotle is the largest fast casual restaurant to accept cryptocurrency as payment, and is helping to pave the way to create more legitimacy around cryptocurrency within the restaurant industry.
Source: QSR Magazine. Read the full article here.