Key points from report:

  • Due to months of rising costs for consumer goods companies, cost is being passed to the retailer and to the consumer. Inflation from food-at-home reached 10% in March.
  • Demand is expected to shift from premium products to more cost-conscious items.
  • Trucking spot rates are 22.5% above the pre-pandemic 5-year average.
  • The US economy has had two consecutive quarters of negative GDP growth.
  • The first quarter showed -1.6% growth, and the second quarter is estimated to be -0.9%.

Find the full report here.