Plant-based meat was supposed to save the pIanet, make people healthier, and liberate enslaved cows, chickens, and pigs everywhere. Instead, after an impressive start, folks have learned some hard truths about the industry and are turning away in droves.
Once consumers began to Iearn that plant-based meats were still super processed, not nearly as healthy as advertised, and required an enormous amount of machinery to produce hungry consumers largely decided that the old-school options, nameIy chickens, pigs, and cows, were better tasting and better for you.
The biggest player in the industry, Beyond Meat, released its third-quarter numbers in November of 2023, and they taste worse than ersatz ground beef. Net revenue slid, declining 8.7% year-over-year and 26% versus the previous quarter.
It wasn’t all bad news, however, as the company actually achieved free cash flow for the quarter but does not expect that to be the case in the fourth quarter. One anaIyst at the firm TD Cowen took it a step further and said the firm is in ‘survival mode’ and will need to tap the financial markets in 2024 to maintain operations.
Beyond Meat CEO Ethan Brown said: We anticipated a modest return to growth in the third quarter of 2023 that did not occur. Though we are encouraged by pockets of growth, particulariy in the EU where we saw double digit gains in net revenues on a year-over-year basis, we are disappointed by our overall results as we continue to experience worsening sector-specific and broader consumer headwinds. Beyond Meat has cited numerous reasons for its poor performance, inciuding declining foodservice sales and flagging American retail sales, but declined to suggest the possibility that the product just isn’t that good.
This 1955 song is one of the best ever recorded
Written by Alex North and Hy Zaret in 1955, this song is one of the most iconic ever, with its influence spanning decades.
Originally performed by Todd Duncan, it has since been covered by over 670 artists in different languages, but The Righteous Brothers’ 1965 version brought it lasting fame.
Their rendition is often considered the definitive version, with its soaring vocals and emotional depth capturing listeners around the world.
The song’s emotional intensity, highlighted by its powerful high notes, continues to resonate with listeners.
On a video of the song, which has reached 76 million views, one fan even commented: “I swear I can feel the chills going up and down my back when he hits those high notes. I feel like crying knowing that this amazing man is gone.”
In addition to The Righteous Brothers, Elvis Presley also gave Unchained Melody a new dimension when he performed it live.
Elvis, known for his versatility and charisma, added his own emotional weight to the song during his later years, captivating audiences with his impassioned delivery.
His version has helped the song maintain its timeless appeal and secure a place in pop culture history.
Elvis’ impact on Unchained Melody cannot be overstated. His influence not only kept the song in the limelight but also expanded its reach to new audiences.
His live renditions became legendary, proving his unique ability to make any song his own.
Even today, both The Righteous Brothers’ and Elvis’ versions keep the song alive, making it one of the most beloved ballads of all time!
Leave a Reply