In the next four weeks, it will be peak strawberry season in California. This is when U.S. producers switch from Mexican imports to domestic crops of the popular fruit.
For Driscoll's, the world's biggest supplier of berries, that means the most important part of the year is overlapping with the fallout of coronavirus.
"This year it looks like we're going to have a record crop of strawberries," Soren Bjorn, president of Driscoll's, told Cheddar. "We have a few challenges ahead of us, for sure."
The biggest concern for the California-based company is keeping farmers, who are used to working in tight-knit groups, from congregating in the fields.
"Social distancing in the field is a very different thing than in an office or a factory," Bjorn said.
While there is plenty of space, workers often gather in packs around wash stations. As a result, Driscoll's has brought in additional stations to make sure everyone can safely wash their hands.
Some of these measures work against the culture of farming, particularly among the largely Hispanic workforce, Bjorn said.
Driscoll's does not anticipate a labor shortage, however, even as President Donald Trump closes the country to immigration, including temporary workers.
"I think we will be okay in terms of the supply of labor," Bjorn said. "In California, we're not that dependent on H2A guest workers. We mostly have a domestic workforce that lives here year-round."
He added that, unfortunately, there are 15,000 hospitality workers who are out of work in Monterey County alone. Many of these workers are going over to agriculture.
"I think we will be able to find enough workers, as long as we can keep everybody healthy," he said. "That's really been our number priority from day one."
Headline updated April 23 to reflect that Soren Bjorn is the president of Driscoll's, not CEO.
After the 2021 boom, IPO activity slowed down significantly, in part due to monetary policy – but things are getting moving again with tech-friendly companies like Iboutta and Rubrik making a public debut.
With an increasing demand for mental health services, one person wanted to change the therapy game. In 2017, CEO Alex Katz founded Two Chairs, a company that uses technology to match patients with the right therapist.
Not only is April Financial Literacy Month, it’s also the kickoff of the spring homebuying season. So now is the time to make sure you have a financial plan in place – and why it might not be wise for that to include buying your first home.
While the U.S. may slowly be on the path to lowering inflation (and therefore interest rates), Europe has thoroughly trounced America, putting it on the path to lower rates by this summer.
April's release of the monthly Housing Starts and Building Permits reports by the Census Bureau provides crucial insights into the construction activity in the housing market. These reports are an economic indicator, shedding light on the current state of the housing market and its broader economic impact.
Caitlin Clark is heading to the Indiana Fever, the number one draft pick and the highest-scoring college basketball player of all time. And while she may not be getting millions from the WNBA, there's a few ways she'll net compensation for her generational talents.
Author of 'Clean Meat,' Paul Shapiro joins Cheddar to discuss how the cellular agricultural revolution helps lower rates of foodborne illness and greatly improves environmental sustainability. Plus, how his company The Better Meat Co. is bringing healthier food options to the table.
Recent headlines might make it sound like World War III is imminent, but when it comes to your finances, it's not the time to panic. The market is coming off its longest winning streak since 2011.
You may have noticed fewer new venture capital-backed startups (like Airbnb or Uber) lately. The market slowed to a crawl after 2021, but things are expected to take off again in 2025.
Corporate earnings season is underway, that time when companies share their billions in sales or double-digit profits. But the data shows even companies are struggling with high inflation and interest rates.