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Global food makers, retailers remain in crisis mode

DUBLIN/LONDON, June 22 (Reuters) – Global retailers and consumer goods makers remain in crisis mode and expect consumer behavior to remain unpredictable for the foreseeable future, top industry executives told a conference in Dublin this week.

Since the start of 2020, the STOXX Europe 600 Retail EUR Price Index (.SXRP) has lost more than a fifth of its value. The equivalent index for European food and beverage makers <.SX3P) is down more than 4%.

In that time, political tensions have risen; climate change has entered “another stage of crisis”; the macro-environment has changed dramatically; and the Covid-19 pandemic is still ongoing, Carrefour Chief Executive Alexandre Bompard said at the Consumer Goods Forum’s Global Summit on Tuesday.

“For us as CEOs, it means that crisis is the new normal,” Bompard said. “What we have been used to in the last decades – low inflation, international trade – it’s over. It’s not the new world.”
A desperate supply chain crunch has also sent shudders through the manufacturing and consumer goods industries over the past year, with shipments trapped in log jams due to factors including pandemic lockdowns, panic buying and sanctions levied on Russia for its invasion of Ukraine that began in February.

Logistics giant Maersk (MAERSKb.CO), which transports goods for companies like Walmart (WMT.N) and Nike (NKE.N) said the cost of shipping cargo is up 25-30% due to an array of inflationary pressures that are “unlikely to abate in the short term.” read more

Consumer goods companies should get used to the idea of “crisis being more or less the new normal” as they fight soaring inflation, climate change and a global food crisis, Unilever (ULVR.L) chief Alan Jope said on Tuesday. read more

“The mother of all crises is of course the climate emergency,” he said.
The problems have contributed to mounting inflation.

“Inflation is a dynamic, particularly in Europe, that we need to start to get used to,” Ayla Ziz, Danone’s global head of sales, told Reuters ahead of the conference. read more

Tobias Wasmuht, Chief Executive of SPAR International, said the supermarket chain owner is trying to mitigate the impact by cutting costs and becoming more efficient but warned that rising ingredient and raw material costs will be passed on to shoppers.

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Volkswagen CEO Herbert Diess said on Wednesday he was not sure Apple planned to produce cars but that the California-based company certainly wanted to provide software for cockpits.
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US women’s basketball dominates on international stage – KRQE News 13

KRQE NEWS 13 – Breaking News, Albuquerque News, New Mexico News, Weather, and Videos
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by: DOUG FEINBERG, Associated Press
Posted: Oct 1, 2022 / 12:54 PM MDT
Updated: Oct 1, 2022 / 01:04 PM MDT
by: DOUG FEINBERG, Associated Press
Posted: Oct 1, 2022 / 12:54 PM MDT
Updated: Oct 1, 2022 / 01:04 PM MDT
SYDNEY (AP) — A’ja Wilson and Breanna Stewart are keenly aware of the legacy of success they are part of with the U.S. women’s basketball team.
They don’t plan on letting the incredible run end any time soon.
“I don’t think we’re showing signs of stopping, that’s for sure,” Stewart said. “We have a lot of people are entering their prime or are in their prime.”
Wilson and Stewart helped the U.S. to a fourth consecutive World Cup championship Saturday with an 83-61 win over China, setting a record margin for a gold-medal game.
“Everyone knows that when you come here, when you wear USA across your chest the (pressure) that comes with it,” Stewart said. “It’s just embracing that. All the legends before us and what they’ve done, how they’ve won. Each team is different and we need to make our imprint on history.”
This team left its mark on the World Cup as one of the most dominant teams in the Americans’ storied history, winning four straight gold medals and 30 games in a row in the tournament. Next up for this group is the 2024 Olympics in Paris. The Americans will be trying for an eighth consecutive gold medal there.
“This is something that’s special to us. It’s not lost on us what’s been done since 1996. I hear about it all the time,” U.S. coach Cheryl Reeve said. “What I wanted to do is make sure this journey was fun. Because I think there’s some times when you have pressure to win or the perceived pressure, it takes the enjoyment out of it.”
What started with Sue Bird and Diana Taurasi has now been passed down to Wilson and Stewart. With Alyssa Thomas the oldest player at 30, the domination could continue for years to come.
“It’s been an incredible journey just to continue to lay that foundation down like so many of the greats in front of us have,” Wilson said. “Now it’s our turn to step up and be in that situation.”
The U.S. (8-0) finished the World Cup averaging 98.8 points — just short of the mark held by the 1994 team that averaged 99.1. They won by an average of 40.8 points, topping the amount by the 2010 team.
“Maybe around the world they kind of looked at it and said, ‘Hey now’s the time to get the USA,’” Reeve said. “I think what we showed is that our league, the WNBA and professional basketball players in the United States are really, really good.”
As they’ve done all tournament, the Americans did it on both ends of the court, playing stellar defense as well as using a high-powered offense.
The game was a sellout with nearly 16,000 fans — the biggest crowd to attend a women’s World Cup game since the inaugural tournament in 1953 in Chile.
“You can’t say people don’t support women’s basketball,” Stewart said of the crowd. “If you look at all these people in this arena tonight. There was a lot of people cheering for us and against us, but they’re here watching women’s basketball.”
While the U.S. will be the heavy favorite to win the gold in Paris, there are new teams emerging. China won its first medal since the 1994 World Cup, and Canada reached the medal round for the first-time since 1986.
“I think every team will learn from this experience. You gain a lot of knowledge in the World Cup,” Reeve said.
___
More AP women’s basketball: https://apnews.com/hub/womens-basketball and https://twitter.com/AP_Sports
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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New York Liberty, WNBA players populate World Cup rosters – The Associated Press – en Español

SYDNEY (AP) — New York has long been known as a melting pot, a city of diversity.
That moniker also works for the city’s WNBA franchise, the New York Liberty, which has seven players competing in the women’s World Cup for five different countries.
Overall, there are 27 players in Sydney who competed this season in the WNBA, plus a few others like Lauren Jackson, who either played in the past or were drafted but haven’t competed in the league yet.
Before the U.S.-China game, Betnijah Laney and Han Xu exchanged a hug. The two Liberty players are on opposite teams a few weeks after their WNBA season ended with a playoff loss to Chicago in the opening round.
“That’s one of my favorite parts about the New York team, we are so international and we’ve got such great talent from all over the world,” Australian Sami Whitcomb said. “I think that represents our fan base as well. It’s really amazing to come here and still get to see your teammates.”
Laney and Sabrina Ionescu are with the U.S. Han is playing for China. Bec Allen and Whitcomb are with Australia along with New York coach Sandy Brondello and her husband Olaf Lange, who lead the host nation. Draftee Sika Kone is on Mali and fellow draftee Marine Fauthoux plays for France.
“It’s really cool to have teammates here and compete against each other. It’s a great experience for all of us,” Laney said. “It’s definitely something that’s pretty cool to have the diversity and to come together. It does extend to our fan base.”
Whitcomb said that the Liberty players talked about the potential of them all coming to Sydney for the World Cup.
“How fun it would be to have so many of us over here and we were all going to see each other,” she said. “We didn’t know how many people would make the teams, so it’s amazing.”
All the teams are staying in the same hotel near the arena. Whitcomb said the Liberty teammates have been getting coffee with each other in between games.
“It just goes to show we’re very international that’s for sure,” Brondello said. “To get two players on the USA team that’s always hard to break into but I’m proud of those two. They’ve worked so hard to get there and you know the Aussies go without saying but Han is doing a great job as well.”
There’d be an eighth Liberty player in the tournament, but Marine Johannes got hurt right before it began.
New York isn’t the only WNBA team well represented in Sydney: Seattle has five active players as well as Jackson. The Storm’s coach, Noelle Quinn, is an assistant with Canada. The Chicago Sky and Las Vegas Aces have four players each.
The players all also share a common dining room for meals, giving them chances to interact off the court.
“I’m happy to see my teammates playing in the World Cup,” Han said. “Before I only had two teammates but now I have a lot of them on different teams and it’s nice to see them around.”
___
More AP women’s basketball: https://apnews.com/hub/womens-basketball and https://twitter.com/AP_Sports

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Zelenskyy calls Russia a state sponsor of terrorism; Biden calls on U.N. to stand with Ukraine – CNBC

Zelenskyy calls Russia a state sponsor of terrorism; Biden calls on U.N. to stand with Ukraine  CNBC
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