Are we allowed to call it a recession yet? Ever since the trade war began, California has just been slammed with bad news upon bad news. First the factories started shutting down. Then it was the pharmacies - with hundreds going under. And now even wineries and breweries are falling prey to the turning economy. Remember when alcohol sales were supposed to be resilient to economic downturns? I do. But [...]
Coca-Cola abruptly cancels $500 million US factory with 200 jobs gone
Coca-Cola is having a rough year. And between shutting down factories as Americans gradually migrate away from soda… And the new SNAP soda bans that could deprive Coke of millions of customers… The situation seems to be getting worse instead of better. So it’s not a huge surprise that Coca-Cola recently decided to cancel a big planned factory in Denver, Colorado. But it’s still disappointing, for sure. The [...]
California loses another distillery as economic downturn accelerates
California businesses have been taking it on the chin lately. And even the supposedly recession-resistant alcohol industry is getting slammed. Wineries are closing. Factories are closing. Farms are closing. It's just rough out there. And unfortunately the pain just keeps coming. An iconic California distillery - J.J. Pfister Distilling Company in Sacramento - recently closed its doors and filed for [...]
Missouri braces for another factory closure as economic crisis spirals
The American heartland is in trouble. The trade war has led to crippling boycotts on crops that directly impact states throughout the Midwest… And Missouri is already suffering the consequences - as the state has already lost several factories. And unfortunately, the pain looks set to continue - because Missouri is about to lose another factory. Royal Canin, which makes pet food, laid off 85 workers from its [...]
Alabama abruptly loses another factory with 112 layoffs confirmed
The economy is slowing, and even business-friendly states like Alabama are feeling the bite. And that goes double for the food industry, where the combination of inflation, supply chain realignments, and slumping demand (both domestically and from foreign boycotts of American goods) have absolutely pummeled businesses. So it's not surprising that states like Alabama that have been the beneficiaries of the previous food [...]
5 California wineries abruptly shut down as alcohol market tanks
Napa Valley, California is practically synonymous with good American wine, and for decades it's been a destination of choice for people who love a good glass, good weather, and a nice vacation away. But all good times come to an end, and even California wineries aren't immune to the enormous pressures on the US alcohol market. Perhaps chief among them is the massive Canadian boycott of US alcohol in the wake of the Trump [...]
