Amazon Opens First Physical Grocery Store, $20B in Losses Expected for Meat Industry in 2020 + More

Source: What Now Los Angeles

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

Amazon has opened its first brick-and-mortar grocery store called Fresh in Woodland Hills, California. The supermarket combines elements of micro-fulfillment, contactless features, a curated assortment of premium and conventional products, and highly personalized service into one store.

As Covid-19 upends the industrial meat supply chain, the industry is estimated to face losses of more than $20b in 2020. Meanwhile, demand for vegan meat has soared, with sales up by 264% in the 9weeks ended May 2. Impossible Foods and Beyond Meat were slammed in an ope… Read More

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