Reshoring bath bombs… US companies are bringing more production back to the States — aka: “reshoring.” Scented-lotion icon Bath & Body Works brought every step of production to its Ohio “beauty park.” Reshoring has gained steam as pandemic supply snags and geopolitical tensions caused corporate shortages (+ headaches). US manufacturing jobs hit a 13-year high last year. It could be just the beginning: mentions of “reshoring” in Q1 S&P 500 earnings were up 128%.
Crumblegate comeback… In 2021, meal-delivery company Daily Harvest was valued at $1B+, backed by Gwyneth Paltrow, and #trending on IG. Then last year, an obscure ingredient in its “French Lentil + Leek Crumbles” meal made 393 people ill (many seriously). Subscription revenue reportedly tanked and customers sued. Now, the biz says it’s “entering a new era” with a partnership to sell frozen meals at Kroger. We’ll see if a bruised brand like Daily Harvest can re-up credibility (while avoiding niche ingredients that slip past the FDA).