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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

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    PEAK ASSET: AFTERNOON WRAP 21 JANUARY: | ASX gains 0.8pc | Greenhouse study shows AVZ Minerals could achieve lowest carbon footprint at Manono lithium-tin project |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 21 JANUARY: | ASX to rise | Eco-fibre play Nanollose leads ASX healthcare sector with 292% gain |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 20 JANUARY: | ASX hits 11 month high | China shares rise on c.bank’s liquidity boost; EV, healthcare stocks shine |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 20 JANUARY: | ASX to rise | 3 cannabis players discuss how to view the sector through a biotech lens |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 19 JANUARY: | ASX rises 1pc | US eyes Australian market as cannabis investment fund takes stake in Lifespot Health |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 19 JANUARY: | ASX to rise, $A eases amid greenback surge | Battery sector cries out for more graphite as shortfall looms |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

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Airlines have stopped offering mixed nuts because of coronavirus, so one supplier is selling them directly to customers at huge discounts

Tradechat by Tradechat
Wednesday, August 26, 2020
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As air travel demand has collapsed and airlines have altered on-board service due to the pandemic, suppliers like GNS, left with unwanted materials, are turning to retail channels.

Cheryl Chan/Getty Images

  • The company that supplies United Airlines with its first class nut mixes is selling bags of the snacks directly to consumers at huge discounts.
  • With United and other airlines cutting flights and reducing on-board service due to the COVID-19 pandemic, suppliers like GNS Foods can find themselves holding unneeded products or supplies at risk of spoilage.
  • The nuts are available online for as little as $7.99 for a two-pound bag.
  • Visit Business Insider’s homepage for more stories.

It’s a hallmark of first class airline travel: A small ramekin of warm mixed nuts, washed down with a glass of sparkling wine as you watch the hoi polloi file past on their way to their economy seats and await takeoff. 

But along with so many trappings of life aloft, the COVID-19 pandemic has done away with that savory snacking. As air travel demand plummeted in March, airlines pulled back on their catering to reduce cost and limit contact between passengers and flight attendants.

That has left GNS Foods, which supplies United Airlines with its nuts, with more than 30,000 pounds of excess food. With a year left of ingredient contracts, the company has a warehouse full of baggies of mixed nuts and raw ingredients.

Faced with the risk of spoilage, GNS is turning to retail channels, selling its goods at what it says are “near-cost” prices.

The overstock situation is just the latest example of how the pandemic has tipped the broader airline industry — which operates on tight margins and tight supply chains — into disarray. Suppliers and contractors have seen sales and contracts cancelled, while a reduced demand for airplanes has impacted planemakers and their long supply chains.

GNS Foods United First Class Mixed Nuts

GNS Foods

People looking to stock up on quarantine snacks for cheap can find the two-pound bags of the Elite Status mix (that’s whole cashews and whole almonds) for $7.99 on the company’s online storefront, and of the Elite Status Hawaii mix (whole cashews, whole almonds, and large whole macadamia nuts) for $10.99 — peanuts compared to what you’d typically shell out at a store like Whole Foods.

Retailers looking for large quantities can call GNS at 817-795-4671.

Read the original article on Business Insider

Read More =>

Tags: economyfeedid-27stream
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