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US Foods at odds with investor over board control

Sachem Head Capital Management LP, which owns a 8.7 percent stake — approximately $700 million — in U.S. Foods, has nominated seven directors in an attempt to seek control of US Foods Holding Corp.'s 10-member board. Sachem Head said it is looking to wrest control of the company to improve profitability. "A new culture of accountability is required at US Foods, and we believe that change must start in the boardroom," said Scott Ferguson, Sachem Head’s principal.
Scott Ferguson Bernardo Hees Kraft Heinz America Latina Logistica Exchange Commission Us Foods Holding Corp

USApple announces 2022 NextGen Apple Fellowship Class

The U.S. Apple Association recently announced the 2022 class of its new emerging leader program, the NextGen Apple Fellowship. Six fellows from across the country were chosen to participate in the 2022 class. The program will focus on providing fellows annually with career development, one-on-one mentoring, hands-on advocacy experience, community service work and many other leadership opportunities. The 2022 NextGen Apple Fellows include:
United States Grand Rapids John Cary James Nysson Bethan Holmes Marcus Albinder

Powering the Roche Bros. produce machine

Tom Murray was 16 years old when his professional life started to take shape. He began with Roche Bros. as a part-time employee at the Natick, MA, location with no intention of working in the produce department. “I was picked out of a lineup with three other guys. They threw us into the produce department,” said Murray, who 48 years later is now director of produce for Mansfield, MA-based Roche Bros.
Julio Falcione Roche Bro Scott Maher Tom Murray Paul Kneeland Arthur Ackles

ProducePay launches Quick-Pay+ option

ProducePay, an agriculture marketplace dedicated to providing trade protection, capital and market insights for members of the produce supply chain, launched Quick-Pay+, a new financing option that allows growers to improve their yield and cash flow, while connecting them with pre-vetted buyers. Through this solution, the company aims to boost the fresh produce market — since growers will be able to receive up to 96 percent of their shipment's value 24 hours after the buyer confirms its r...
United States Pablo Borquez Us Department Of Agriculture South American Resh Produce Roduce Editorials

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Desbry Tropical avocados available in ample supply

Over the weekend, the U.S. government suspended avocado imports from Mexico "…until further notice," but retailers, consumers and foodservice professionals can continue to purchase and enjoy avocados from the Dominican Republic. Desbry Tropical Avocados are available in ample supply for immediate shipping.
United States Dominican Republic Willy Pardo Christopher Gonzalez Desbry Instagram Desiree Pardo Morales

Inflation, out-of-stocks changing shopper habits

On the surface, produce sales appear to continue thriving as the pandemic is about to enter its third year; however, a deeper dive paints a bit of a different picture. According to IRI and 210 Analytics, January dollar sales have surpassed previous records set in 2020 and 2021. Those sales, however, were boosted by inflation as volume sales declined compared to last year.
Joe Watson Bureau Of Labor Statistics Resh Produce Roduce Editorials Roduce Industry News Roduce Marketers

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