Latest news with #Flashfood
Axios
9 hours ago
- Business
- Axios
Stop & Shop will stop offering discounted food on Flashfood app
Flashfood, the app that brings you discounted groceries, won't be available at Stop & Shop after next week. Why it matters: Shoppers will no longer be able to order a box full of vegetables or fruit for a few dollars and bypass the lines to pick them up. Driving the news: Stop & Shop will stop offering items on the Flashfood app after June 23, both companies confirmed. Stop & Shop cited low sales volume and an interest in serving shoppers who don't order through the app. What they're saying: "We want to make it easier for our customers to purchase discounted products nearing their Best Buy date," a Stop & Shop spokesperson said in a statement. Zoom in: Stop & Shop says it will now offer the items that were marked down on the Flashfood app in their aisles with "manager's special" discounts. "This shift will make it more convenient for all our customers — especially those who aren't digitally engaged — to easily purchase discounted items, which will be marked with bright yellow stickers," Stop & Shop said. The other side: "While we're incredibly disappointed in Stop & Shop's decision and valued their partnership, particularly during this time of high cost pressures on Americans, we are rapidly scaling our footprint in North America and remain committed to our mission to feed families," a Flashfood spokesperson said in a statement to Axios. "We see overwhelming consumer demand for affordable groceries, and want to ensure these customers that we are actively working to add new retailers."
Yahoo
4 days ago
- Business
- Yahoo
Officials sound alarm over vanishing vegetables as prices skyrocket — and the crisis is spreading fast
Extreme weather, weak infrastructure, and the Earth's rising temperatures are all causes of the spike in vegetable prices in Bangladesh. Recent storms have devastated crops, and with too few cold storage options to protect harvests, food is going bad before it can be sold. As Masud Khan, chairman of Unilever Consumer Care Ltd., explained in The Daily Star, vegetable prices in major markets such as Dhaka's Karwan Bazar have jumped following heavy rainfall that wiped out crops. But the bigger issue is that Bangladesh has around 400 cold storage facilities, and more than 90% are reserved for potatoes. That leaves other vegetables with nowhere to go and no way to last. Without refrigeration, these foods spoil quickly. Farmers are forced to sell their crops for cheap during the harvest, and just months later, shoppers face inflated prices when those vegetables disappear from shelves. Each year, roughly 30% to 40% of perishable crops are lost after harvest, per The Daily Star. For millions of families, vegetables are an everyday staple. So when prices swing, putting dinner on the table becomes a lot more stressful. When farmers can't earn fair prices for their produce, the food system loses stability. This pattern isn't unique to Bangladesh. As our planet overheats, extreme weather becomes more frequent and disruptive. Do you worry about how much food you throw away? Definitely Sometimes Not really Never Click your choice to see results and speak your mind. Without cold storage and other protective systems, food is more likely to spoil, and prices rise as a result. That delays progress toward a cleaner, safer future, especially for the communities already navigating tough financial realities. Food waste also slows down efforts to fight hunger, pressures already fragile supply chains, and makes everyday planning harder for families. Experts in Bangladesh are urging leaders to develop a national cold chain strategy. Small shifts at home are helping communities save on their grocery bills. People are buying "ugly" produce and using apps such as Flashfood to receive discounts when grocery shopping. Meal planning, sticking to a grocery list, and storing food properly can all stretch your grocery budget. Cold storage helps preserve food, protect farmers, and keep prices predictable, all while moving closer to a future that's more secure for everyone. Join our free newsletter for easy tips to save more and waste less, and don't miss this cool list of easy ways to help yourself while helping the planet.
Yahoo
28-05-2025
- Business
- Yahoo
Farmers warn staple crops are becoming impossible to grow under extreme heat — here's what you need to know
Scorching temperatures in several of India's key vegetable-growing regions are slowing production, driving up prices for consumers. Pune, located in the western Indian state of Maharashtra, is struggling with vegetable supply shortages due to intense heat and water shortages in several major growing regions that supply the area, The Bridge Chronicle reported. This, in turn, is driving up prices on produce such as okra, eggplant, cabbage, cauliflower, spinach, and fenugreek. According to the publication, the crisis is leading many households to change their spending habits. Some are opting for more affordable vegetables or reducing their consumption of costlier greens and heat-sensitive varieties. While heat waves and droughts have always occurred, rising global temperatures are making them more intense and frequent. Extreme weather events such as flooding and hurricanes are also intensifying, further endangering our food supply. According to the United Nations, changes in the climate and increases in extreme weather events are contributing to a global rise in hunger and poor nutrition. For instance, experts predict that India's wheat and rice outputs will dip by 6% to 10% in the coming decades, mostly due to rising atmospheric temperatures that are changing rainfall and other weather patterns. And Cyprus is in the midst of a water crisis due to a four-year drought. Local farmers warn that the island nation could soon face food insecurity if nothing is done. In India, which is facing vegetable supply shortages, farmers are exploring crops that are less dependent on water. However, this may further diminish the availability of traditional produce in the short term, The Bridge Chronicle reported. Scientists across the globe are also developing heat- and drought-resistant crops to help ensure a stable food supply in the future. For instance, researchers in Spain developed a product that makes broccoli and lettuce more resistant to drought. It's also being tested on tomato, avocado, onion, pepper, and eggplant. Another team in Japan found that soaking plants in ethanol can help them survive intense droughts. In the meantime, consumers can help deal with rising costs at the supermarket by shopping smarter. One easy step you can take is to make a list before you go shopping to ensure you don't purchase any unnecessary items. Apps and services such as Flashfood, Too Good To Go, and Martie can also help you find discounted food. What is the biggest reason you don't grow food at home? Not enough time Not enough space It seems too hard I have a garden already Click your choice to see results and speak your mind. Join our free newsletter for easy tips to save more and waste less, and don't miss this cool list of easy ways to help yourself while helping the planet.
Yahoo
02-05-2025
- Business
- Yahoo
Flashfood names its first woman CEO
This story was originally published on Grocery Dive. To receive daily news and insights, subscribe to our free daily Grocery Dive newsletter. Flashfood has appointed Jordan Schenck as CEO, effective immediately, the company said in an emailed announcement. Schenck, who is the food waste technology provider's first woman CEO, has served in various executive leadership roles for the company and most recently held the title of president and chief operating officer. Nicholas Bertram is passing the baton to Schenck at a time of significant growth for Flashfood and after years of working closely together, Schenck told Grocery Dive. Schenck plans to continue Flashfood's ambitious growth trajectory as she takes over the company's helm from Bertram, who served as CEO for just over a year. 'I get the [good] fortune of picking up a really, really solid plan strategy. It doesn't make the job easier, but you're going on a course that's working,' Schenck said, noting that she and Bertram codeveloped the company's strategy to date. Prior to joining Flashfood, Schenck served as co-founder and chief revenue officer for wellness brand Sunwink and has additional experience in consumer marketing and company expansion in the food industry, according to the press release. Schenck originally started as a board member for Flashfood, she said. In early 2023, Bertram recruited her to serve as the company's chief brand officer. She was promoted twice more to chief customer officer and then became president and COO in late 2024. 'There is, quite literally, not one function of the business that I have not been extremely close to over the past couple of years that I've been here,' Schenck said. Flashfood credits Schenck with leading many prominent growth initiatives, including its rebrand in January 2024, the launch of its updated consumer app and the debut of its platform for independent grocers, according to the press release. Since Flashfood's Series A fundraising round in 2022, the company has seen 200% revenue growth, per the announcement. This unfolded simultaneously with Flashfood achieving BCorp Certification, launching new products and replatforming its applications for expansion across the U.S. and Canada. Moving forward, Schenck said she is prepared to 'double down on growth,' primarily on two fronts: proliferation in North America and technology. Flashfood currently operates in 33 states, but has its sights set on all 50, Schenck said, adding that working with all types of grocers — larger chains and independents — also continues to be a growth focus. As the company looks to enter more markets, technology will be key to ensuring grocers can access and use the platform as seamlessly as possible and helping shoppers connect with their nearby store partners, Schenck said. Last year, Flashfood refreshed its technology team, hiring a head of product as well as new engineering leadership, according to Schenck. She added that Flashfood also brought on a new head of revenue. 'We've really shifted the team in terms of our ability to not only innovate and not only leverage what we currently have but make it so that our company [can make] AI a part of the servicing we do and we can get more products on the platform,' she said. 'All of those things are coming to fruition, and we've got a team that is now able to sell and mobilize it.' Schenck said Flashfood does not currently plan to make other executive changes. However, the company intends to continue building out teams in new markets and regions as it expands its operations, she said. As Flashfood's first woman CEO, Schenck commented on the lack of female leadership in the technology sector, noting that she is the first woman CEO many of her employees have ever worked under. 'I think it's a special moment for the company, but I also think it's great for the industry,' Schenck said. 'I just look forward to being able to be in this position and continuing to mentor and work with female leaders in our industry to show that it happens.' Recommended Reading Flashfood names new CEO, revamps brand identity Sign in to access your portfolio
National Post
01-05-2025
- Business
- National Post
Flashfood Appoints Jordan Schenck as Chief Executive Officer
Article content TORONTO — Flashfood, the app-based marketplace connecting consumers with affordable groceries, announced today the appointment of Jordan Schenck as its new Chief Executive Officer. Schenck has served as Flashfood's President and Chief Operating Officer since October 2024. She assumes the role immediately and succeeds Nicholas Bertram, who will remain on the board. Article content This transition comes at a pivotal time in Flashfood's growth trajectory. The company has added over 1,000 doors and experienced 200% revenue growth since completing its Series A in 2022, expanding its footprint to 33 US states and all 10 Canadian provinces. This occurred while achieving B-Corp Certification, launching new products, and replatforming its applications to achieve even greater impact in North America. Article content 'Jordan is a generational talent, and her growth over the last two years has benefited our company tremendously. She is ready to take on this role, and I am thrilled for her to lead our talented teammates as they achieve our mission of feeding families, not landfills,' said Bertram on her appointment. Article content Bertram recruited Schenck in early 2023 to serve as Flashfood's Chief Brand Officer and has since promoted her twice, from Chief Customer Officer to President and Chief Operating Officer. In her tenure, Schenck led the company's transformational rebrand in January 2024, oversaw the relaunch of Flashfood's consumer app, and was instrumental in the development and launch of Flashfood for Independents – a new platform for independently owned grocers. Article content 'Stepping into the CEO role, I am energized by the extraordinary potential ahead of us. Flashfood's technology has the power to build a world where food is never wasted and access to affordable, fresh products is a daily occurrence,' said Jordan Schenck, CEO of Flashfood. 'With a product-driven approach, relentless innovation and the use of AI, we will empower grocers to turn close-dated inventory into a competitive advantage – earning more frequent shoppers and wasting zero food.' Article content 'Flashfood has achieved significant growth in recent years, and Jordan has demonstrated outstanding leadership and vision during a pivotal period for the company,' said Chuck Templeton, Flashfood Board Director and Managing Partner at S2G Investments. 'Her growth mindset and deep understanding of consumer and retailer dynamics make her exceptionally equipped to lead Flashfood forward and scale its ability to lower food costs and reduce unnecessary waste.' Article content Earlier in her career, Schenck served as co-founder and Chief Revenue Officer of wellness brand Sunwink, which became one of the fastest growing ready-to-drink beverages in the market. Before Sunwink, Schenck was head of consumer marketing for Impossible Foods and supported the company's explosive growth across new verticals and markets. Article content Flashfood is on a mission to feed families, not landfills. The app marketplace connects shoppers with fresh produce, meat and other groceries at up to 50% off. By partnering with retailers across North America, Flashfood offers shoppers nutritious staples at affordable prices, and reduces the amount of food going to landfills. To date, Flashfood has rerouted more than 130 million pounds of food from landfills while saving its shoppers more than $330 million on their groceries. Flashfood is a B-Corp certified company currently partnered with more than 2,300 stores across North America. For more information, please visit Article content Article content Article content Article content Article content Article content
