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Food flew off the shelves in March when the national emergency for COVID-19 was announced. Now, grocers and food manufacturers are working to make sure that doesn’t happen again this winter.“We are a specialty market focusing on the meats and protein,” said Mike Silvestri, general manager at one of three Tony’s Meats & Market locations.Like many grocery stores, both big and small, Tony’s Meats & Market saw the disruption in the supply chain back in March.“What really screwed up a lot of things in this pandemic was people were buying way more than they normally do, not necessarily here, but in the grocery sector in general,” Silvestri said. It's something he is trying to avoid moving forward.“We don’t need to panic buy. I think you buy what you need for the week like you're normally shopping,” he said. “So, just remain calm.”As U.S. coronavirus cases continue to rise--paired with flu season, holidays, and other factors--experts are once again concerned about what the impact on the supply chain might be. So, grocers and food manufacturers are preparing for whatever may come with the winter season, many resorting to stockpiling themselves to avoid running out.“On one side, they're building up inventory to make sure they're ready for it. But on the other side inventory is additional costs,” Jack Buffington, a supply chain expert and professor at the University of Denver, said. “Their concern is the weeks of inventory they had before the pandemic hit was not sufficient for them to run out of supplies. So, particularly for big events like Thanksgiving, to make sure they have ample supply because that's a big moneymaker for them.”For large chain grocery stores, stockpiling in large warehouses is a viable option. For smaller grocers like Tony’s, they only have so much space.“We do have a warehouse. It’s not as monstrous as most people would imagine,” Silvestri said.The company has already prepared by buying pallets of food items to keep at their warehouse to get through the season. “What we would call necessities like pastas, ground beef, pasta sauces, canned items, things like that,” he said.A buyer for Tony’s told us even with the gap of up to three months in June to start getting stuff back in stock, they’ve been stockpiling staple items since March for this winter.“Christmas has begun October 1,” Buffington said. “The entire supply chain is moving things forward. For one reason due to the risk of supply and demand.”“We all had to be on the ball a little bit early this year. Obviously, we start pretty early as it is but because of all the COVID-19 stuff we’ve had to really be mindful of how much we’re looking to shoot over,” Silvestri said. Silvestri said he sees everyone getting concerned about not having enough supply or demand, due to uncertainty.“COVID-19 was a complete catalyst of what you're seeing as a redefinition of the supply chain and the economy,” Buffington said. “I think everybody’s getting scared of not having enough supply and not having enough demand.”As Silvestri and the rest of the crew at Tony's prepare for an uncertain Thanksgiving and Christmas, he says they feel ready.“The pace since COVID-19 started has really been a holiday pace anyway,” he said. 3240

Forget about drones and armies of people driving Amazon trucks. One big Wall Street firm thinks Amazon's plan to build up its air freight delivery service may be what really winds up hurting UPS and FedEx.Morgan Stanley analyst Ravi Shanker said in a report Tuesday that both delivery giants could lose 10% of their revenue to Amazon Air by 2025. Shanker cut his price targets on UPS (UPS) and FedEx (FDX) and both stocks plunged more than 6% as a result.It was a particularly gruesome day for transportation stocks due to worries about the broader economy and confusion about the status of US-China trade talks.The Dow Jones Transportation Average, which includes FedEx and UPS as well as leading airlines, truckers and railroads, fell 4.4% -- its worst drop since June 2016.But Shanker paints a picture that should be extremely worrisome to UPS and FedEx.He notes that Amazon (AMZN), which currently is leasing 40 cargo jets, could eventually have 100 planes running and estimates that the planned Amazon Air routes could overlap with more than two-thirds of the volume flown by UPS and FedEx.That's bad news for both companies since Shanker said that UPS and FedEx each generate nearly 20% of their overall revenue from US air deliveries.Amazon has made big investments to bulk up Amazon Air. In the past few years, it has bought stakes in two freight delivery airlines -- Air Transport Services Group (ATSG) and Atlas Air Worldwide Holdings (AAWW).It also announced plans to invest .5 billion in order to build an Amazon Air hub on more than 900 acres of land that it is leasing near the Cincinnati/Northern Kentucky International Airport. Amazon bought an additional 210 acres earlier this year.There's a simple reason why Amazon will want to handle more of its own air deliveries. According to Shanker, Amazon could save between billion and billion next year. That works out to about 3% to 6% of its global shipping costs.But on a day when the broader market was tanking, investors didn't seem too enthusiastic about Shanker's thoughts on Amazon either. Shares of Amazon fell nearly 6%. 2113

Following economic shutdowns to slow the spread of the coronavirus, and with the US still dealing with the spread forthe pandemic, experts from the UCLA foresee a US economic depression into 2023.The researchers say that unemployment levels of 10% could persist into the fall, and 6% unemployment could remain through the end of 2022.US unemployment was below 4% earlier this year."To call this crisis a recession is a misnomer. We are forecasting a 42% annual rate of decline in real GDP for the current quarter, followed by a 'Nike swoosh' recovery that won't return the level of output to the prior fourth quarter of 2019 peak until early 2023," writes UCLA Anderson Forecast senior economist David Shulman in an essay titled "The Post-COVID Economy."The researchers note that the economy has already hit rock bottom. But GDP and employment levels won’t see a quick recovery.But Shulman said that the entire economic meltdown cannot be blamed on the coronavirus. Shulman and UCLA researchers say the pandemic has accelerated economic trends that were already moving toward increased digitization of business functions and online commerce. 1149

Following the FBI's admission that it failed to properly act on a tip on Jan. 5 about the man who killed 17 people at a Florida high school, Governor Rick Scott called for FBI Director Christopher Wray to resign."We constantly promote 'see something, say something,' and a courageous person did just that to the FBI. And the FBI failed to act," Scott said in a statement. "'See something, say something' is an incredibly important tool and people must have confidence in the follow through from law enforcement. The FBI Director needs to resign."Read Scott's full statement below.Today, Governor Rick Scott made the following statement regarding the FBI’s admission that they failed to take action after receiving information on January 5, 2018, regarding “[Nikolas] Cruz’s gun ownership, desire to kill people, erratic behavior, and disturbing social media posts, as well as the potential of him conducting a school shooting.”Governor Scott said, “The FBI’s failure to take action against this killer is unacceptable. The FBI has admitted that they were contacted last month by a person who called to inform them of Cruz’s ‘desire to kill people,’ and ‘the potential of him conducting a school shooting.’“Seventeen innocent people are dead and acknowledging a mistake isn’t going to cut it. An apology will never bring these 17 Floridians back to life or comfort the families who are in pain. The families will spend a lifetime wondering how this could happen, and an apology will never give them the answers they desperately need.“We constantly promote ‘see something, say something,’ and a courageous person did just that to the FBI. And the FBI failed to act. ‘See something, say something’ is an incredibly important tool and people must have confidence in the follow through from law enforcement. The FBI Director needs to resign.”Nikolas Cruz, who has confessed to police to being the shooter, showed patterns of racism online and also promised to harm people with assault rifles. 2000

Four Americans and a Costa Rican tour guide died Saturday after their recreational rafts overturned on the Naranjo River in Costa Rica.Luis Guzman, a Costan Rican official of the Red Cross, told CNN en Espanol that three rafts carrying 18 people overturned. Thirteen people survived by holding on to the overturned rafts but five were pulled further down the river.Costa Rican officials identified the deceased Americans as Ernesto Sierra, Jorge Caso, Sergio Lorenzo and Andres Dennis. Their ages ranged from 25 to 35. No hometowns were given.The deceased Costa Rican tour guide was identified as Kevin Thompson Reid.Costa Rican President Carlos Alvarado Quesada said on his official Twitter account: "In the name of the Government and people of Costa Rica I would like to express our deepest sorrow for the accident this afternoon at the Naranjo River in Quepos. I would like to thank all the emergency and security teams that worked diligently, and I have instructed authorities to help the victim's families."The Costa Rican Red Cross had 12 rescue workers in the area when the accident happened and assisted in the rescue, the organization posted on social media. 1175

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