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.
Woman sees what she thought was a happy bird, then suddenly realises it’s something else
Embarking on a leisurely journey through the enchanting landscapes of Popran National Park in Australia, Kym Beechey found herself captivated by the allure of wildflowers, aiming to immortalize their beauty through her lens. Renowned for her unhurried hikes that allow her to fully absorb the marvels of nature, Beechey often faced the challenge of capturing the elusive movements of the area’s wildlife.
On a serendipitous day, fortune seemed to favor her when she spotted what initially appeared to be a young tawny frogmouth, bearing a striking resemblance to an owl, perched gracefully on a limb. A surge of excitement coursed through her veins, as avian subjects had proven to be notoriously swift for her camera.
Swiftly reaching for her phone, Beechey readied herself to capture the seemingly cheerful little bird. Zooming in for a closer look, a sense of anticipation enveloped her, only to be met with an unexpected twist. The smiling avian subject turned out to be none other than a banksia pod, a unique and charming pod that strikingly resembled a joyful bird.
As Beechey adjusted her camera to the revelation, it dawned on her that the seemingly animated “bird” was, in reality, a banksia pod, a distinctive and adorable pod that mimicked the appearance of a delighted bird. Banksia pods find their roots in banksia trees, primarily flourishing in southwestern Australia, with occasional sightings in New Zealand and Papua New Guinea.
Diverging from the resemblance to conventional pine cones, banksia pods are distinct fruit structures unrelated to pine trees. Originating from the Banksia genus trees, these pods, notably those from the Bull Banksia species, boast a substantial and sturdy build, making them suitable for an array of wood applications.
The Banksia grandis species, recognized for producing sizable seed pods, injects an artistic flair into various crafts and frequently graces online markets. Once the vibrant red or yellow banksia flowers shed their petals, the cone perseveres on the tree, eventually giving birth to seeds. Remarkably, a single tree can host both blossoms and mature cones concurrently.
The unique visage of banksia pods emerges from their tendency to burst open, liberating seeds in the process. Although Beechey’s initial impression of encountering an endearing baby bird was misplaced, she embraced the delightful surprise with laughter. Despite the amusing deception, the encounter contributed another charming snapshot to her ever-growing collection of exquisite wildflowers.
Given their idiosyncratic traits, banksia pods possess an uncanny ability to be mistaken for other entities, with each pod presenting a distinctive appearance within its own realm. Have you ever stumbled upon a plant that, at first glance, bore an uncanny resemblance to something entirely different, perhaps masquerading as a bird or another creature?
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