Afternoon Coffee: Chipotle Dedicates $10 Million to Improve Food Safety Standards With Suppliers, Wholesale Inventories Drop Again in December

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Chipotle said it is spending up to $10 million to help its suppliers produce safer ingredients. The money will provide education and other help for suppliers to implement Chipotle’s new food safety standards, company co-CEO Steve Ells said.

U.S. wholesale inventories fell in December by 0.1%. It was the third month of inventory drops as businesses continued to shed unsold merchandise.

The Coast Guard said a deadline extension isn't likely for the Safety of Life at Sea (SOLAS) container weight mandate on U.S. exports. The SOLAS requirement takes effect July 1 and requires the vessel operator and marine terminal operator to verify the weight of a packed container.

U.S. small business confidence fell to a two-year low in January. The National Federation of Independent Business’ monthly optimism index hit 93.9 last month, down 1.3 from December.

 

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