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Friday, December 16, 2022

Black Market in Broad Daylight

Operating in the shadows is easy in the United States secondary food market, as few question what happens to food that exceeds its expiration date in leading supermarket chains across the nation. Well, truth be told, expired food gets reprocessed, repackaged, relabeled, and resold to institutions, discount retailers and restaurants. 

With scant regulations in place for repurposed food, and institutional purchasing specifications silent, food liquidators underbid their competitors and win contracts nearly every time. In the secondary food market, you get what you pay for, and never has the saying “garbage in, garbage out” been more appropriate.
-Kent

And along the same lines:

Grocery shoppers look to expired food to save money: report

(NewsNation) — Grocery shoppers have become resourceful amid America’s ongoing record inflation, which has spiked grocery prices by 13% over the last year.

According to a September Food Dive study, six out of 10 of the 2,000 surveyed consumers reported buying foods close to the expiration date due to affordability, with 46% saying they disregard the printed expiration date altogether.

While discount grocery shopping isn’t new, the report did find this eye-opening stat: 16.6% of those shopping for bargains started doing so this year.