business news in context, analysis with attitude

…with brief, occasional, italicized and sometimes gratuitous commentary…

• The Wall Street Journal reports that “investors are pushing Inc. to explain how much of the food from its expanding grocery operations goes to waste.

“Green Century Capital Management, Inc. and other investors asked the Securities and Exchange Commission Thursday to force Amazon to allow shareholders to vote on a proposal asking it to explain its plans to mitigate the environmental impact and cost of wasted food.”

According to the story, Amazon has said that “food waste wasn’t material and that the e-commerce giant was already working to reduce it. Amazon said food represented less than 1% of operating expenses and assets last year, allowing it to exclude the proposal under SEC rules.”

I’m just guessing here, but I would think that packaging waste would be a much bigger issue for Amazon that food waste.

Reuters reports that Amazon “aims to launch its grocery delivery service in France as part of global ambitions to expand in food retail, though the move is not imminent … Privately held French supermarket operator Systeme U said last week that it was discussing a possible grocery supply deal with Amazon, though a major deal between Amazon and a French retailer has yet to materialize.”

According to the story, “Amazon has made small forays in that direction and has steadily been building its presence in France, where it has run its Amazon Prime Now express delivery service in Paris since 2016.”
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