Ninety-eight bankruptcies were filed by companies with at least $50 million in liabilities year-to-date, the highest since 2009, reported Bloomberg (May 28).read more
Some parts of the economy are beginning to improve, as spending on hotels, restaurants, airlines, and other industries hurt by social distancing appears to be picking up, reported The Wall Street Journal (May 25).read more
Food distributors are unfortunately expected to feel significant losses from the COVID-19 pandemic and containment efforts. According to Mark Allen, CEO of the International Foodservice Distributors Association, or IFDA, the industry is expected to lose $24 billion over the next three months. Nonetheless, food distributors must keep goods moving across America,...read more
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