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Source: FOX BUSINESS, 7/28/20
Americans' thirst for cheap milk -- and grocers' rush to provide it -- are remaking the centuries-old dairy industry. When supermarket shoppers reach for white gallon jugs these days, most of the time they grab a low-priced store brand. To expand those offerings, major grocery retailers, including Kroger Co., Walmart Inc. and Albertsons Cos., have built their own milk-bottling plants. Grocers' move into the bottling business is threatening some of the biggest operators in the $40 billion U.S. milk industry, the purveyors of national brands.
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