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.
Found this at a yard sale but I have no idea what it is – Thoughts?
If you want to be kinder to the environment, you may consider washing your clothes by hand every once in a while.
However, not using the washing machine for washing clothes could be time consuming and hard, so there are other alternatives, such as the hand laundry machine. These machines provide the same effect like the electric washing machines but use less water and no electricity. With minimal physical effort, you can reduce the chores on laundry day and save some money, too! On top of that, the hand laundry machines are way less expensive than the electric ones.
Jawad Ahmed, a laundry merchant at The Home Depot explains that “Using a portable washing machine doesn’t have to mean compromising.” Speaking to The Spruse, he added that “With just a smaller load capacity, a compact washer can penetrate deep into fabrics to eliminate dirt and odors, saving you water and energy with the same outstanding cleaning performance as a regular-sized washer.”
What’s great about these machines is that they are portable and smaller in size so you can place them anywhere you want when you don’t use them.
Would you consider giving it a try?
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