Dutch East India Company (VOC): $64.98 (+$13.84) (+27.1%) Shares in the spice purveyor soared on word that the three sturdy galleons dispatched two years afore had been sighted off the coast of Cape Verde, returning from their dangerous voyage to the exotic Orient with their casks brimful of redolent cinnamon, cardamom, and mysteriously intoxicating curried powder.
Oops, wrong century.
Okay, that's actually America's Finest News Source.
note: link to The Onion rotted, apparently un-Googleable as well. I was dreaming when I wrote this, forgive me if it goes astray.
The Stockout: Spices returning to shelves as McCormick restocks
In today’s edition of The Stockout CPG-focused newsletter, I discuss a company that has been dealing with exactly that — stockouts. McCormick & Co., the world’s largest spice company, reported earnings last week (for its first quarter ending Feb. 28) and provided an outlook that was favorable, boosted by continued elevated levels of at-home consumption. During the past year, the company was surprised by the demand for its products, which proved to be a mixed blessing and contributed to supply chain issues, particularly for popular herbs, spices and recipe mixes. The company responded by suspending production and sales of lower-priority items and is about halfway through the process of returning its complete product line to shelves.
In other CPG supply chain news, and making this a distinctly Maryland edition of The Stockout, salty snack maker Utz acquired distribution rights to expand its distribution in Florida, which should lead to market share growth in the Sunshine State. That announcement comes on the heels of a return to Utz’s plan to convert direct-store-delivery routes to independent operators, a model that the company had temporarily abandoned during the pandemic but that should ultimately improve its cash flow....
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Bad, quite bad, trade.Very bad.
