• From Business Insider:
Dollar Tree said Tuesday it will stop selling eggs because of soaring prices … The dollar store chain plans to bring add eggs back to its stores this fall."
The reason: Soaring prices meant that to carry them would put the retailer at odds with its own value proposition.
• Risk solutions provider Sedgwick is out with a study saying that "2022 was a record-breaking year for the number of units recalled, reaching nearly 1.5 billion. With regulatory scrutiny continuing to increase, 2023 may shape up to be another 1 billion unit year, requiring businesses across industries to remain vigilant on matters of product safety and recall preparedness."
According to the study, "FDA food recalls experienced a 700.6% increase in the number of units impacted in 2022. With 416.9 million units recalled, this represents a 10-year high. While the United States Department of Agriculture (USDA) food recalls held steady in terms of the number of events, the volume of units recalled decreased significantly (87.0%) from 13.4 million pounds in 2021, to 1.7 million pounds in 2022."
