In this week’s food industry news in 2 minutes, The Food Institute examines the government shutdown’s impact on the U.S. restaurant industry.
In other food industry news, Big Food is preparing a new strategy to endorse national food standards over state-level rules. Dubbed Americans for Ingredient Transparency, the coalition is reportedly developing a “uniform national standard” for labeling and ingredients, but groups like Consumer Reports argue that it intends to “wipe out” state laws that protect consumers, reported Bloomberg.
And finally, Costco’s higher annual membership price hasn’t deterred shoppers from coming back, as the club retailer reported a 92% annual renewal rate this month. After increasing membership dues slightly, the retailer has 68.3 million individual memberships, reported The Seattle Times. Full Story
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