- Plant-based foods investment company Eat Well Investment Group Inc. has positioned itself to respond to global food needs exacerbated by the COVID pandemic and the war in Ukraine, and it reports its subsidiaries are in the right place to help deal with food sector concerns
- Eat Well recently announced its annual financial data and Q1 2022 data, showing its Amara baby food subsidiary achieved revenue gains of 320 percent this year over the previous year
- The company also reported it is on target to achieve this year’s revenue goals of $90 million to $110 million
Fears that a recession will overtake the global economy have roiled the marketplace for weeks, although analysts see some optimism in consumers’ ongoing willingness to spend for concerts, movies, travel and other experiences people missed during the height of the pandemic (https://ibn.fm/2lnMe).
Among industry sectors hit hardest by inflationary pressures, the Bureau of Labor Statistics recently noted that the cost of food away from home (restaurants and fast food)’s Consumer Price Index (“CPI”) rose 7.4 percent over the 12 months ended in May, but prices for food at home climbed even faster, rising…
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