Plant-based meat was supposed to save the pIanet, make people healthier, and liberate enslaved cows, chickens, and pigs everywhere. Instead, after an impressive start, folks have learned some hard truths about the industry and are turning away in droves.
Once consumers began to Iearn that plant-based meats were still super processed, not nearly as healthy as advertised, and required an enormous amount of machinery to produce hungry consumers largely decided that the old-school options, nameIy chickens, pigs, and cows, were better tasting and better for you.
The biggest player in the industry, Beyond Meat, released its third-quarter numbers in November of 2023, and they taste worse than ersatz ground beef. Net revenue slid, declining 8.7% year-over-year and 26% versus the previous quarter.
It wasn’t all bad news, however, as the company actually achieved free cash flow for the quarter but does not expect that to be the case in the fourth quarter. One anaIyst at the firm TD Cowen took it a step further and said the firm is in ‘survival mode’ and will need to tap the financial markets in 2024 to maintain operations.
Beyond Meat CEO Ethan Brown said: We anticipated a modest return to growth in the third quarter of 2023 that did not occur. Though we are encouraged by pockets of growth, particulariy in the EU where we saw double digit gains in net revenues on a year-over-year basis, we are disappointed by our overall results as we continue to experience worsening sector-specific and broader consumer headwinds. Beyond Meat has cited numerous reasons for its poor performance, inciuding declining foodservice sales and flagging American retail sales, but declined to suggest the possibility that the product just isn’t that good.
Why Baggage Handlers Advise Against Tying Anything to Your Suitcase
Have you ever tied a bright ribbon to your luggage handle to make it easier to spot? You might want to reconsider after hearing this surprising advice!
Many travelers personalize their suitcases with ribbons, tags, or stickers to avoid mix-ups at busy airports, but John, a baggage handler at Dublin Airport, suggests these well-intended decorations may cause more problems than they solve.
It’s understandable why you’d want to make your luggage stand out. After all, nothing’s more frustrating than searching through a sea of identical bags at baggage claim. Some even go as far as attaching cameras like GoPros to track their luggage. But according to John, tying a ribbon to your suitcase might not be as helpful as it seems.
John explains, “If someone attaches a ribbon to their bag, it could interfere with the automated scanning process at baggage claim. If the bag can’t be automatically scanned and requires manual handling, there’s a chance it might not make it onto your flight.”
In other words, a simple ribbon could cause your bag to be overlooked, which is definitely not a risk worth taking. John also advises travelers to remove any old travel stickers from their luggage. Expired stickers can confuse the scanners, potentially causing delays or misplacing your bag. Even though those travel stickers might hold sentimental value, it’s best to part with them for smoother travels.
John also shared a practical tip: always place your suitcase with the wheels facing up when you’re checking it in. This helps prevent damage to the wheels, keeping your suitcase in better condition.
And here’s one for travelers with a sweet tooth: avoid packing marzipan. While it may seem harmless, marzipan’s density is similar to certain explosives, which can trigger a detailed inspection. This could cause delays and even risk you missing your flight—all because of a little almond paste!
So, while it might be tempting to add a personal touch to your luggage or pack some sweet treats, it’s best to leave ribbons and marzipan at home to ensure a hassle-free trip.
Stick to these tips, and you’ll be on your way to a smoother, more stress-free journey!
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