The big one on the list - Sysco - the nation’s largest commercial food service industry distributor. Restaurants, hospitality, healthcare, government entities, the whole nine yards from one-location mom & pop shops, to the biggest hotel and hospital chains, to local, county, state and federal facilities with multiple dining setups and more.
Sysco said it has reduced about a third of its staff through permanent cuts and temporary furloughs.
What could possibly go wrong ?…… other than the death spiral tightening and accelerating.
Food-service giant Sysco reported sales of $13.7 billion in its third quarter, which ended on March 28. That is down 6.5% from a year earlier and the biggest quarterly decline since 2009.
Sysco said that the company experienced a “dramatic” fall in sales in the final days of the quarter. Sales were down about 60% from a year earlier at the nadir in late March. More than 60% of Sysco’s sales had been to restaurants recently, while the remaining customers were institutions such as schools, hospitals and nursing homes.
In response to the sudden drop in demand, the company has laid off or furloughed one-third of its workforce; the company had nearly 70,000 employees last summer.
And in leftist-dominated coastal areas, there seems to be no end in sight.
The big one on the list - Sysco - the nation’s largest commercial food service industry distributor. Restaurants, hospitality, healthcare, government entities, the whole nine yards from one-location mom & pop shops, to the biggest hotel and hospital chains, to local, county, state and federal facilities with multiple dining setups and more.
What could possibly go wrong ?…… other than the death spiral tightening and accelerating.
Yup. See:
And in leftist-dominated coastal areas, there seems to be no end in sight.
Posted two updates on the main page:
Restaurant execs & meat wholesalers say shortages & price increases could continue through summer.
Federal meat inspector casualties now number 3 dead, with nearly 150 diagnosed with Coronavirus.