Learn More about Lumida ETF
Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home News Markets

Workers Return to Tough Jobs: US Foods Overcomes Labor Challenges

by Team Lumida
June 10, 2024
in Markets
Reading Time: 3 mins read
A A
0
Workers Return to Tough Jobs: US Foods Overcomes Labor Challenges

Source: Mergr

Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Key Takeaways

  1. US Foods is now fully staffed after pandemic labor shortages.
  2. Labor challenges are mostly resolved, aiding company growth plans.
  3. US Foods considers selling its restaurant-supply retail business.

What Happened?

US Foods Holding Corp., one of America’s largest food suppliers, has successfully overcome labor shortages plaguing many industries since the pandemic. CEO Dave Flitman announced that the company is now fully staffed, marking a significant turnaround. “We’re fully staffed in all of our operations, and the majority of the labor challenges are behind us,” Flitman said.

This improvement comes as the pandemic-era government aid dwindles and workers return to demanding roles such as warehouse jobs and truck driving. US Foods, headquartered in Rosemont, Illinois, noted an increased eagerness among workers to engage in physically demanding work. The company had previously struggled to attract workers, even offering flexible schedules.

Why It Matters?

This development is crucial for investors as it signals a stabilization in labor markets, which has been a significant concern. Fully staffing its operations allows US Foods to focus on growth strategies, including a $1 billion share buyback announced during its investor meeting. The company’s share price has already risen by 17% this year, indicating strong market confidence.

Additionally, the resolution of labor issues means fewer disruptions and higher operational efficiency, potentially leading to improved profit margins. The company is also reviewing the future of its restaurant-supply retail business, which could unlock further value for shareholders.

What’s Next?

Investors should watch for US Foods’ next strategic moves, particularly regarding its restaurant-supply retail business. Flitman mentioned the possibility of selling this division, which could streamline operations and focus more resources on the core business. “I want that business to be as successful as it can be, and I just don’t think we can shepherd it like somebody who’s dedicated to retail,” he stated.

Additionally, the company’s plans for growth through 2027 suggest robust long-term strategies. Monitoring labor market trends will also be essential as the cooling hiring rates in other sectors might benefit companies like US Foods by providing a steady labor pool.

Source: Bloomberg
Tags: labor shortagesUS Foods
Previous Post

Surprising Payroll Spike: Fed Rate Cuts Delayed Again?

Next Post

Fed Rate Cut: A Boon for Bonds, But a Sign of Economic Trouble?

Recommended For You

JPMorgan’s Jamie Dimon Warns of Bond Market Crisis Amid U.S. Fiscal Challenges

by Team Lumida
10 hours ago
Tax-Loss Harvesting Surge: JPMorgan’s $15 Billion Windfall

Key Takeaways: Powered by lumidawealth.com JPMorgan CEO Jamie Dimon predicts a “crack in the bond market” unless the U.S. addresses its spiraling national debt, which now exceeds $36 trillion....

Read more

Chinese Tech Stocks Slide as U.S.-China Trade Talks Stall

by Team Lumida
1 day ago
Chinese Stock Surge: A Hedge Fund Headache?

Key Takeaways: Powered by lumidawealth.com Chinese tech stocks fell sharply, with Alibaba down 4.2%, BYD dropping 3.8%, and Baidu losing 3.9%, as the Hang Seng Tech Index declined 2.7%....

Read more

Shell Acquires TotalEnergies’ Stake in Nigerian Oil Field for $510 Million

by Team Lumida
2 days ago
Shell Acquires TotalEnergies’ Stake in Nigerian Oil Field for $510 Million

Key Takeaways: Powered by lumidawealth.com Shell will purchase TotalEnergies’ 12.5% stake in Nigeria’s deep-water Bonga oil field for $510 million, increasing its ownership to 67.5%. The acquisition aligns with...

Read more

U.S. Halts Jet Engine Tech Exports to China, Threatening Comac’s C919 Program

by Team Lumida
2 days ago
U.S. Halts Jet Engine Tech Exports to China, Threatening Comac’s C919 Program

Key Takeaways: Powered by lumidawealth.com The U.S. has barred the export of critical jet engine parts and technology to China, targeting state-owned Commercial Aircraft Corp of China Ltd (Comac)....

Read more

Wall Street Turns to Hedges on Chinese Stocks Ahead of Tariff Deadline

by Team Lumida
3 days ago
close-up photo of monitor displaying graph

Key Takeaways: Powered by lumidawealth.com Chinese equities have rallied nearly 25% since April, but analysts warn of potential selloffs as the U.S.-China trade truce ends in August and geopolitical...

Read more

GM CEO Mary Barra Discusses EV Strategy Amid Tariffs and Shifting Consumer Demands

by Team Lumida
3 days ago
GM CEO Mary Barra Discusses EV Strategy Amid Tariffs and Shifting Consumer Demands

Key Takeaways: Powered by lumidawealth.com GM CEO Mary Barra envisions an “all-electric” future but acknowledges challenges such as rising costs, tariffs, and slowing EV sales. GM has redirected $888...

Read more

UniCredit to Double Stake in Greek Bank Alpha Services to 20%, Adding €180 Million in Annual Profit

by Team Lumida
3 days ago
UniCredit to Double Stake in Greek Bank Alpha Services to 20%, Adding €180 Million in Annual Profit

Key Takeaways: Powered by lumidawealth.com UniCredit plans to increase its stake in Greece’s Alpha Services from 9.6% to around 20% through financial instruments acquired at a discount to market...

Read more

Luxury Brands Face Fallout from Pandemic Price Hikes as Sales Decline

by Team Lumida
3 days ago
Luxury Brands Face Fallout from Pandemic Price Hikes as Sales Decline

Key Takeaways: Powered by lumidawealth.com Luxury brands that aggressively raised prices during the pandemic, such as Chanel and Dior, are now reporting disappointing sales and profit declines. Chanel’s sales...

Read more

Tesla’s European Sales Halve in April as Chinese Rivals Gain Ground

by Team Lumida
4 days ago
blue coupe parked beside white wall

Key Takeaways: Powered by lumidawealth.com Tesla’s new-car registrations in the EU fell nearly 53% in April, marking the fourth consecutive month of declining sales in the region. Chinese automakers...

Read more

Apple Suppliers in Asia Drop as Trump Threatens 25% Tariffs on iPhones

by Team Lumida
6 days ago
Can Apple’s Vision Pro Bounce Back with a Budget-Friendly Model?

Key Takeaways: Powered by lumidawealth.com Apple’s Asian suppliers, including AAC Technologies, TSMC, and Hon Hai Precision, saw declines after President Trump threatened a 25% tariff on all imported iPhones....

Read more
Next Post
Fed Rate Cut: A Boon for Bonds, But a Sign of Economic Trouble?

Fed Rate Cut: A Boon for Bonds, But a Sign of Economic Trouble?

S&P 500 Shake-Up: KKR, CrowdStrike, GoDaddy In, Illumina Out

S&P 500 Shake-Up: KKR, CrowdStrike, GoDaddy In, Illumina Out

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

tesla, tesla model x, charging

Tesla Surprises Wall Street with Stronger-Than-Expected Q2 Deliveries

July 3, 2024
a black and white photo of an oil pump

U.S. Crude Oil Stockpiles Plummet

July 4, 2024
blue coupe parked beside white wall

Tesla’s European Sales Halve in April as Chinese Rivals Gain Ground

May 27, 2025

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Latest
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips AI demand Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC Semiconductor stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018