So the whole supply chain is seriously stressed.
From CNBC:
- Dean Foods announced that it has filed for Chapter 11 bankruptcy.
- The Dallas-based milk processor said it is engaged in “advanced discussions” with the Dairy Farmers of America about a potential sale.
- Dean Foods’ business has struggled as more consumers turn to nondairy milk or buy private-label products.
The Dallas-based milk processor said that it plans to use the Chapter 11 proceedings to keep running the business, and address debt and unfunded debt obligations as it seeks to sell the company. Dean Foods has secured commitments for $850 million in debtor-in-possession financing, a type of funding for companies in financial distress.
Customers are expected to receive their dairy products without any interruptions....MUCH MORE*I haven't checked recently but one stat that comes to mind is a gallon of milk at retail that cost 82 cents in 1950 now goes for $3.50, a four-fold increase in nominal price while the CPI is up almost 11-fold in the same 70-odd years.
That's a tough business.