The week’s 5 head-spinning moments: Blame & shame edition
The restaurant industry took a slapping this week, at times from its own hand.
Financing
The challenge of raw material costs
More than two in five operators have said that, of all factors, higher costs have most negatively impacted their operating profit in the past five years.
The 2012 U.S. corn crop is forecast to total 10.8 billion bushels, a decline of 13 percent from a year ago. While planted area is pegged at a record 96.4 million acres, yields are forecast to decline to 123.4 bushels per acre, a decline of more than 20 percent from trend levels. The decline reflects the most adverse weather in more than 20 years to face corn growers.