The dairy company Land O' Lakes doesn't just sell butter. The brand is also a cooperative with over 3,600 members through its Farmer to Fork approach and is aware of the unique struggles American farmers face, specifically with the recent trade tensions.
The Trump administration has been involved with trade disputes for nearly two years, but Land O' Lakes CEO Beth Ford says the recent USMCA agreement was a major win. "The passage of USMCA is a big victory. Overall economy-wise it's about $1.4 trillion in sales," Ford told Cheddar.
However, some of those sales might not be coming from milk products. As consumers switch to more non-dairy products, milk consumption has seen a drop in sales with the market growth of almond and oat milk. But Ford said that dairy consumption hasn't been stronger. "Dairy prices have come down, but there is still growth in the sector. Cheese, butter, yogurt, ice cream, all of those areas are growing."
During this time of year there is a peak in demand for butter, and to keep up with it Land O' Lakes has teamed up with the Silicon Valley startup Plus.ai to meet consumers' needs.
With the help of Plus.ai Land O'Lakes was able to complete the first-ever 2,800-mile coast-to-coast delivery with an autonomous truck in less than three days. There was a driver aboard at all times, but the truck drove itself the entire way. Still, "capacity is tight because driver shortages continue to be a pressure on sectors," Ford said.
The company plans to continue to work with innovative partners and digital suppliers to improve customer experience. "So, with this autonomous vehicle, we can see the pathway to the future," Ford said.
WWE’s weekly television show, “Raw,” will move to Netflix next year as part of a major streaming deal worth more than $5 billion. WWE, which is part of TKO Group Holdings Inc., said Tuesday that “Raw” will air on Netflix starting in January 2025.
Propublica national reporter Peter Elkind shares details on his investigation into how scammers stole over $1 billion using Walmart's gift cards and financial services, and how consumers can protect themselves.
Ed Siddell, CEO and Chief Investment Advisor at EGIS financial explains why election years tend to cause bull markets, the latest inflation data, and why he’s concerned about the ‘debt bubble.’
Archer Aviation founder and CEO Adam Goldstein shares big news about the aerospace company's new partnership with NASA and why they want to make your trip to the airport just five minutes long.
iFit CEO Kevin Duffy shares how the company is bringing artificial intelligence-powered workouts to consumers, plus other fitness trends to be on the lookout for in 2024.
Macy’s is rejecting a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan. The firms offered $21 per share for the stock they don’t already own.
