Assorted Links Tuesday
Ketchup is the new toilet paper.
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Key to recovery: Engaged alliances - #biz sector + #econdev officials + #city gov + #universities -creating #sharedvalue: "Working together as a region; that’s 1 of the most import steps that we can take for the recovery.” https://t.co/yItaaHwUzf #Austin #Denver #Portland #Boise
— Steven Pedigo (@iamstevenpedigo) April 6, 2021
The new shortage: ketchup.
The pandemic turned many sit-down restaurants into takeout specialists, making individual ketchup packets the primary condiment currency for both national chains and mom-and-pop restaurants. Packet prices are up 13% since January 2020, and their market share has exploded at the expense of tabletop bottles, according to restaurant-business platform Plate IQ.
Even fast-food giants are pleading for packets. Long John Silver’s LLC, a nearly 700-unit chain, had to seek ketchup from secondary suppliers because of the rush in demand. The industry’s pandemic shift to packets has pushed up prices, costing the Louisville, Ky.-based company an extra half-million dollars, executives said, since single-serve is pricier than bulk.
Economic gardening garners praise from local businesses.
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