Food Navigator USA: Rabobank: Increased transparency, digitation needed to reinforce supply chain against future threats
Published December 11, 2020
RaboResearch analysts discussed how the COVID-19 pandemic has disrupted and reshaped food and ag supply chains at the Rabobank Food & Agribusiness Summit in early December. “Although the food chain adapted rather quickly to a COVID world, I would argue that the pandemic also showed us that we were a little bit complacent,” said Senior Grains & Oilseeds Analyst Stephen Nicholson, adding that players up and down the supply chain must prepare for what might be around the next corner by investing in solutions that are innovative, digital, flexible and efficient. Senior Animal Protein Analyst Christine McCracken explained the role that technology can play in building resiliency throughout the supply chain. “The technological options available for producers today may add cost, but they also ensure a continuity of business and help mitigate risk and labor challenges,” she said.
Drovers: 2021 Beef Outlook: New Challenges, New Opportunities
Published December 8, 2020
Senior Animal Protein Analyst Don Close looks ahead at the challenges and opportunities that the beef industry may face in 2021. COVID-19-related hurdles are likely to linger into 2021, he says, noting the potential of a second wave of backlogged cattle. Close says that dealing with COVID-19 disruptions will not be nearly as challenging as it was in 2020, now that packers have PPE equipment in place and have made changes to protect employees. Close adds that beef demand has stayed strong throughout the shift from foodservice to retail. He anticipates that once the pandemic ends, there will be a lot of pent-up demand that will drive a boom in restaurant eating and beef consumption again.
Grocery Dive: Untapped: How grocers are growing their private label alcohol assortment
Published December 14, 2020
Global Beverage Strategist Steve Rannekleiv discusses the growing market share for private label wine brands and opportunities in private label hard seltzer and non-alcoholic beverages with Grocery Dive. “We’ve been hearing more from the winery side over the past few years that they’re seeing market share being taken by private label, and private label is moving upscale into higher price points,” he says. For grocers venturing into the private label alcohol space, Rannekleiv suggests looking for suppliers that have experience developing brands long term, know relevant alcohol laws, and know how to target customers with the right flavor profiles.
Capital Press: Global dairy markets balanced, for now
Published December 11, 2020
Global Dairy Strategist Mary Ledman discussed the outlook for the global dairy industry at a recent webinar hosted by the American Dairy Coalition. “Whether the markets remain in balance is yet to be determined. There are tremendous market uncertainties as we continue to adjust to the pandemic’s impact on the global economy,” she said. Global dairy trade throughout the pandemic has fared much better than had earlier expected, she noted, due in part to significant demand from China. “This is really a situation where the desire for food security outweighed poor domestic economic conditions,” she said.
Good Beer Hunting: House Of Cards—Breweries Face January Collapse as COVID-19, Economy Tilt the Table
Published December 7, 2020
Senior Consumer Foods Analyst Amit Sharma discusses how the financial setbacks caused by the COVID-19 pandemic are likely to increase brewery closures this winter. “Independent restaurants are down 40-50% in revenues, and that’s a huge chunk of where small breweries are selling their products,” he says. Some breweries are able to stay afloat on their on-premise business, but they are competing for a smaller pool of customers. Few breweries are surviving on distribution and packaged beer sales alone. As the winter weather settles in, Sharma expects an increase in brewery closures until a vaccine is distributed.
Bloomberg: Soy-Hungry China Gets Early Start Buying Next Year’s U.S. Crop
Published December 7, 2020
Senior Grains & Oilseeds Analyst Stephen Nicholson discusses the recent surge in China’s soybean purchases from the U.S. “To me, it is an indication they have a big purchase program for next year,” he says. “The Chinese have such a big book to buy that just needed to get started sometime, because the longer they wait, the higher the probability of running the price up on themselves.”
Rabobank Group is a global financial services leader providing wholesale and retail banking, leasing, and real estate services in more than 40 countries worldwide. Founded over a century ago, Rabobank today is one of the world’s largest banks with over $640 billion in assets. In the Americas, Rabobank is a premier bank to the food, agribusiness and beverage industry, providing sector expertise, strategic counsel and tailored financial solutions to clients across the entire food value chain. Additional information is available on our website or on our social media platforms, including Twitter and LinkedIn.
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