Afternoon Coffee: Tesco Apologizes for Horsemeat, Post-Sandy Procurement Audit, Coffee vs. Soda

b>"This incident rocks our faith in the retail food chain and its ability (or even intention) to ensure a fair deal for consumers."
Supply Chain Accountability & Tesco: A Horseburger with Fries, Please! -- Tesco, of course, apologized immediately after the news became a scandal, taking care to ensure that the world knows that not only Tesco but "our supplier" is also at fault. The full apology was published on Tesco's Facebook page and included a promise: "We will find out exactly what happened and, when we do, we'll come back and tell you. And we will work harder than ever with all our suppliers to make sure this never happens again." That's hardly likely to pacify the British horse-lovers.

Shady procurement practices used during Superstorm Sandy??
Audit set for Sandy outlays -- The comprehensive look at the actions of the Division of Homeland Security and Emergency Services is coincidental to revelations that Thomas Sadowski, a private auditor hired to help in the disaster procurement, was terminated after filing a critique of the state's handling of purchases and leases for storm relief.

I wonder when the Venti regulations will begin?
Graph: How Coffee Drank Soda's Milkshake -- Ten years ago, Americans drank enough soda every year to fill a small aquarium. Fifty-three gallons of the stuff per person. That's half a liter of Diet Coke on an average day. Compare that to our other favorite liquid-caffeine companion. For every cup of coffee we consumed in 2003, we drank two cups of soft drink. For $1 we spent on joe, we spent $4 on soda. Now look where we are: Soda is in a free fall, with domestic revenue down 40%. Coffee culture is ascendant, up 50% in ten years. In another decade, the United States could easily spend more on coffee than soda -- something utterly unthinkable at the turn of the century (industry data via IBISWorld)

Instant gratification.
Disruptions: Impulse Buys, Straight to a Screen -- I am spending more on digital media than I used to spend on the physical stuff. (The federal government says the average American family spent $2,572 on all entertainment, not just digital, in 2011.) And I know why I am spending more on digital media.

- Sheena Moore

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