Supply and demand - it’s the most fundamental of all economic principles.
But what if a company finds a demand with no supply? Well, if the company is anything like New York’s Really Cool Foods (RCF), it answers the demand itself.
Hormel Foods Corp., Austin, Minn., said Gary Ray, president of the company's protein units, and Russell Potter, vice president of operations-grocery products division, will retire.
Food industry equipment, supply and service companies will honor Arthur Wolcott, chairman of Seneca Foods Corp., during PROCESS EXPO on Nov. 10 in Chicago.
Refrigerated and frozen products such as Yoplait yogurt and Green Giant vegetables helped General Mills Inc., Minneapolis, post a 14 percent net sales gain.
Citing feed costs and an oversupply of chicken, Pilgrim's Pride Corp., Pittsburg, Texas, said it will lay off 116 workers at the company's Franconia, Pa., plant.
The National Restaurant Association put these and other questions together when it teamed up with the American Culinary Foundation (ACF) to survey more than 1,200 ACF members.