Mmastodon BusinessEconomy first seen 1 d ago, last 7 h ago, peak #7

Fyffes executive warns banana industry under significant pressure

Original: “The banana industry is under very significant pressure,” said Frank Burkhardt, Chief Commercial Officer at Fyffes. “Cos

Frank Burkhardt, Chief Commercial Officer at Fyffes, said the banana industry is under very significant pressure, with costs rising across virtually every part of the supply chain, from farm inputs and labor to logistics and transportation. His remarks highlight growing concern in the fruit trade that rising production and shipping expenses are squeezing margins even as bananas continue to be sold at relatively low retail prices.

Why now: Rising supply chain costs and their impact on food prices are a live economic concern for consumers and retailers.

FyffesFrank Burkhardtbanana industry

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Rank over time, top of the chart is #1. 18 snapshots from 1 d ago to 7 h ago.

Evidence

• “The banana industry is under very significant pressure,” said Frank Burkhardt, Chief Commercial Officer at Fyffes. “Costs have increased across virtually every part of the supply chain, from farm inputs and labor to logistics and transportation. Yet bananas continue to be sold… · ai6yr@m.ai6yr.org · 22

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