We’ve heard the warnings for months: Inflation is coming to grocery, to the housing market, to anything with a price it seems. With Consumer Packaged Goods (CPG) and other grocery items in particular, as the costs of raw materials increase owing to broken supply chains and reduced production capacities, the cost of typical household goods is on the rise.
As the nation (Hopefully! Don’t jinx it!) recovers from the COVID-19 pandemic, delays are building in the nation’s busiest ports while companies attempt to resupply depleted inventories and anticipate future sales.
Amazon is getting ready to release an in-home robot. Already famous for their warehouse robots, the in-home version (currently called the Vesta) is in late prototype stage, according to internal sources who spoke with Insider. The development currently claims 800 employees, many pulled from other projects.
Earlier this week, a bona fide controversy erupted among sneakerheads—shoe collectors who often turn to the reseller market to secure coveted, rare, and flashy shoes unavailable on manufacturers' direct-to-consumer channels. Joe Hebert, a 19-year-old shoe reseller, was profiled by a Bloomberg reporter who discovered that Hebert’s mother, Ann, was Nike’s Vice President and General Manager for North America. This means that Joe’s mom worked for the very company whose shoes he acquired en masse and sold at huge profits, earning up to $300,000 per month.
This last month, after a four-year respite, I once again became a vegetarian. But do not fear, dear readers, my reasons are my own and I am not here to preach—feel free to chow down on a chorizo and potato breakfast burrito as you read this because there is no judgement here. However, do spare a thought for my man, who was seduced by my posole and Sourdough Nick cheeseburgers, but now finds blocks of tofu where his tri-tip used to be.