Baking&Snack - April 2012 - 20

news
Food industry’s unit volume falls
Unit sales volume in 14 of the Top 20 food categories fell during the past year in an unprecedented and poorly understood decline creating extraordinary pressure for the processed food industry. While the weak economy and rising prices have been cited as contributing factors, the explanations do not appear to offer a complete answer to why many generally stable categories, beginning with milk and bread, have experienced such steep declines. According to data provided by Chicago, IL-based SymphonyIRI Group, unit sales of bread, cereal, soup, baby formula, vegetables, shortening/oil, canned/bottled fruit and seafood each sustained declines of more than 3% over the past year. The categories account for annual sales of $31 billion. The hypothesis that the declines reflect a shift in sales to other channels such as dollar stores is undercut by the strength of the beverage category. While declines were sustained in milk and carbonated drinks, seven of the Top 10 beverage categories experienced sales increases over the same period food sales were fading. “Simply put … the US has stalled,” Irene Rosenfeld, chairman and CEO of Kraft Foods Inc., Northfield, IL, said in August. “In the 19 largest food and beverage categories, the average growth rate has plunged from about 5% compound annual growth to essentially flat last year.” Since then, trends have worsened, and the volume declines were on the minds of most of the food company executives presenting in February at the Consumer Analyst Group of New York (CAGNY) annual conference in Boca Raton, FL. “We’re just going through a year where we have the highest inflation that we’ve had since I’ve been in the business, the pricing that goes along with that and volume, a negative volume elasticity, that is associated with that,” said Kendall Powell, chairman and CEO of General Mills, Inc., Minneapolis, MN. More expansive still at CAGNY was Anthony Vernon, executive vice-president of Kraft Foods Inc., and president of Kraft Foods North America. “We believe the economic, consumer and customer environment will continue to be difficult,” Mr. Vernon said. “For the 40% of Americans who make less than $40,000, for the 20% who make less than $20,000, there is no real recovery. In these core consumers, we found real elasticity issues in the face of pricing to commodities. At Kraft, we believe we have an obligation to these consumers and our customers to offer great brand value at entry level price points, to offer good-better-best choices and even to democratize our health and wellness offerings to make them more affordable. When we do these things, even in the face of a tough economy, we drive traffic, value and brand loyalty.” Citing Nielsen data, Mr. Vernon said total US food and beverage volume fell 2.4% in the 52 weeks ended Dec. 24, 2011. The volume decline is both big news and a genuine mystery, according to Harry Balzer, chief industry analyst and vice-president of The NPD Group, Port Washington, NY. “It’s impossible that people have stopped eating,” he said. “There is no evidence of that. But total volume declining at supermarkets is a big story. I don’t think anyone has the answer to this.” Mr. Balzer said painting the food industry with too broad a brush stroke will

generate incorrect conclusions. “Every category has its own unique issues,” he observed. “The decline in bread is one that I’ve been looking at since September. But that represents a drop of sales in measured channels. In food service, three of the 10 fastest growing restaurant groups are sandwich chains.” Mr. Balzer said the food service industry is recovering but not nearly enough to account for the volume declines, since 80% of food is eaten at home. Each 1% decline in food at home should equate to a 4% increase at food away from home, he said. Home dynamics also may be contributing to the broad-based decline, Mr. Balzer said. “No one knows what’s happening to the pantry. The question with bread is that if you have a 20-slice or 16-slice loaf at one time, were you throwing away four slices or two slices, and now you are throwing away none?” For more on how these numbers are affecting trends in the bread category, read “Paying a Premium on Bread” on Page 45. — L. Joshua Sosland, editor, Milling & Baking News

Urschel Laboratories expands worldwide
Urschel Laboratories, Inc., Valparaiso, IN, continues to expand globally by opening a subsidiary office in Italy, relocating the Singapore office to a larger location, opening its first Latin American office and signing a new sales representative in Chile. The first direct Latin American Urschel office, Urschel Latinoamérica SRL, opened in Rosario, Argentina, in January 2011. Also in Latin America, Urschel Laboratories, Inc. signed Inter Chile as its official sales representative in Chile.
Urschel Laboratories, Inc.

20

/ Baking & Snack / April 2012

www.bakingandsnack.com


http://www.bakingandsnack.com

Baking&Snack - April 2012

Table of Contents for the Digital Edition of Baking&Snack - April 2012

Baking&Snack - April 2012
Table of Contents
Table of Contents
Editorial - Time to wake up
Newsfront - Bimbo poised for largest capital spending ever
Newsfront - TIA changes dates for tech seminar
Newsfront - Gonnella awards two scholarships
Newsfront - Independent baker assumes ABA chair
In Brief
News - Study finds popcorn packed with polyphenols
News - Get ready for a vending revolution
In Brief
News - Palin, Deen to speak at IDDBA show
News - Jeff Dearduff: ‘Bakery Tech Tips’
News - Food industry’s unit volume falls
News - Waging the war of dried fruits
People
Pan Pepin - With Growth at a Premium
Alessi Bakeries - Where Quality Rules
Premium Bread - Paying a Premium on Bread
Whole Grains - Possibilities Galore
Flavors - A Matter of Taste
Ingredient App - When Function Meets Nutrition
Artisan Makeup - Automating without Compromise
Automation Q&A - When to Automate
Ingredient Handling - Silo Alternatives
Logistics Management - In Ship Shape
Sanitation Strategies - Taking a Professional Approach
Human Resources Q&A - Behind Closed Doors
Meeting Preview - Food Scientists Flock to Vegas
Industry Images
Calendar of Events
Innovations
Ingredient News
Products & Packaging
Patents
New on the Shelf
Marketplace
Ad Index
New Product Spotlight - Larger than Light
Baking&Snack - April 2012 - Baking&Snack - April 2012
Baking&Snack - April 2012 - 2
Baking&Snack - April 2012 - 3
Baking&Snack - April 2012 - 4
Baking&Snack - April 2012 - 5
Baking&Snack - April 2012 - 6
Baking&Snack - April 2012 - 7
Baking&Snack - April 2012 - 8
Baking&Snack - April 2012 - Table of Contents
Baking&Snack - April 2012 - 10
Baking&Snack - April 2012 - Table of Contents
Baking&Snack - April 2012 - Editorial - Time to wake up
Baking&Snack - April 2012 - 13
Baking&Snack - April 2012 - Newsfront - TIA changes dates for tech seminar
Baking&Snack - April 2012 - In Brief
Baking&Snack - April 2012 - In Brief
Baking&Snack - April 2012 - 17
Baking&Snack - April 2012 - News - Jeff Dearduff: ‘Bakery Tech Tips’
Baking&Snack - April 2012 - 19
Baking&Snack - April 2012 - News - Food industry’s unit volume falls
Baking&Snack - April 2012 - 21
Baking&Snack - April 2012 - News - Waging the war of dried fruits
Baking&Snack - April 2012 - People
Baking&Snack - April 2012 - Pan Pepin - With Growth at a Premium
Baking&Snack - April 2012 - 25
Baking&Snack - April 2012 - 26
Baking&Snack - April 2012 - 27
Baking&Snack - April 2012 - 28
Baking&Snack - April 2012 - 29
Baking&Snack - April 2012 - 30
Baking&Snack - April 2012 - 31
Baking&Snack - April 2012 - 32
Baking&Snack - April 2012 - 33
Baking&Snack - April 2012 - 34
Baking&Snack - April 2012 - 35
Baking&Snack - April 2012 - 36
Baking&Snack - April 2012 - Alessi Bakeries - Where Quality Rules
Baking&Snack - April 2012 - 38
Baking&Snack - April 2012 - 39
Baking&Snack - April 2012 - 40
Baking&Snack - April 2012 - 41
Baking&Snack - April 2012 - 42
Baking&Snack - April 2012 - 43
Baking&Snack - April 2012 - 44
Baking&Snack - April 2012 - Premium Bread - Paying a Premium on Bread
Baking&Snack - April 2012 - 46
Baking&Snack - April 2012 - 47
Baking&Snack - April 2012 - 48
Baking&Snack - April 2012 - 49
Baking&Snack - April 2012 - 50
Baking&Snack - April 2012 - 51
Baking&Snack - April 2012 - 52
Baking&Snack - April 2012 - Whole Grains - Possibilities Galore
Baking&Snack - April 2012 - 54
Baking&Snack - April 2012 - 55
Baking&Snack - April 2012 - 56
Baking&Snack - April 2012 - 57
Baking&Snack - April 2012 - 58
Baking&Snack - April 2012 - 59
Baking&Snack - April 2012 - 60
Baking&Snack - April 2012 - 61
Baking&Snack - April 2012 - 62
Baking&Snack - April 2012 - Flavors - A Matter of Taste
Baking&Snack - April 2012 - 64
Baking&Snack - April 2012 - 65
Baking&Snack - April 2012 - 66
Baking&Snack - April 2012 - 67
Baking&Snack - April 2012 - 68
Baking&Snack - April 2012 - 69
Baking&Snack - April 2012 - 70
Baking&Snack - April 2012 - 71
Baking&Snack - April 2012 - Ingredient App - When Function Meets Nutrition
Baking&Snack - April 2012 - 73
Baking&Snack - April 2012 - 74
Baking&Snack - April 2012 - Artisan Makeup - Automating without Compromise
Baking&Snack - April 2012 - 76
Baking&Snack - April 2012 - 77
Baking&Snack - April 2012 - 78
Baking&Snack - April 2012 - 79
Baking&Snack - April 2012 - 80
Baking&Snack - April 2012 - 81
Baking&Snack - April 2012 - 82
Baking&Snack - April 2012 - 83
Baking&Snack - April 2012 - 84
Baking&Snack - April 2012 - Automation Q&A - When to Automate
Baking&Snack - April 2012 - 86
Baking&Snack - April 2012 - 87
Baking&Snack - April 2012 - 88
Baking&Snack - April 2012 - Ingredient Handling - Silo Alternatives
Baking&Snack - April 2012 - 90
Baking&Snack - April 2012 - 91
Baking&Snack - April 2012 - 92
Baking&Snack - April 2012 - 93
Baking&Snack - April 2012 - 94
Baking&Snack - April 2012 - 95
Baking&Snack - April 2012 - 96
Baking&Snack - April 2012 - Logistics Management - In Ship Shape
Baking&Snack - April 2012 - 98
Baking&Snack - April 2012 - 99
Baking&Snack - April 2012 - 100
Baking&Snack - April 2012 - 101
Baking&Snack - April 2012 - 102
Baking&Snack - April 2012 - 103
Baking&Snack - April 2012 - 104
Baking&Snack - April 2012 - Sanitation Strategies - Taking a Professional Approach
Baking&Snack - April 2012 - Human Resources Q&A - Behind Closed Doors
Baking&Snack - April 2012 - 107
Baking&Snack - April 2012 - 108
Baking&Snack - April 2012 - 109
Baking&Snack - April 2012 - 110
Baking&Snack - April 2012 - Meeting Preview - Food Scientists Flock to Vegas
Baking&Snack - April 2012 - Industry Images
Baking&Snack - April 2012 - 113
Baking&Snack - April 2012 - 114
Baking&Snack - April 2012 - 115
Baking&Snack - April 2012 - 116
Baking&Snack - April 2012 - 117
Baking&Snack - April 2012 - 118
Baking&Snack - April 2012 - Calendar of Events
Baking&Snack - April 2012 - Innovations
Baking&Snack - April 2012 - Ingredient News
Baking&Snack - April 2012 - 122
Baking&Snack - April 2012 - Products & Packaging
Baking&Snack - April 2012 - 124
Baking&Snack - April 2012 - Patents
Baking&Snack - April 2012 - 126
Baking&Snack - April 2012 - New on the Shelf
Baking&Snack - April 2012 - Marketplace
Baking&Snack - April 2012 - 129
Baking&Snack - April 2012 - 130
Baking&Snack - April 2012 - 131
Baking&Snack - April 2012 - 132
Baking&Snack - April 2012 - Ad Index
Baking&Snack - April 2012 - New Product Spotlight - Larger than Light
Baking&Snack - April 2012 - 135
Baking&Snack - April 2012 - 136
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-march-2024
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-february-2024
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-december-2023
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-november-2023
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-october-2023
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-september-2023
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-august-2023
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-july-2023
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-june-2023
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-may-2023
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-april-2023
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-march-2023
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-february-2023
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-december-2022
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-november-2022
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-october-2022
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-september-2022
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-august-2022
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-july-2022
https://digitalbs.bakingbusiness.com/sosland/bs/-baking-snack-june-2022
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-may-2022
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-april-2022
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-march-2022
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-january-2022
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-december-2021
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-november-2021
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-october-2021
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-september-2021
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-august-2021
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-july-2021
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-june-2021
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-may-2021
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-april-2021
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-march-2021
https://digitalbs.bakingbusiness.com/sosland/bs/baking-snack-february-2021
http://digitalbs.bakingbusiness.com/sosland/bs/2020_12_01
http://digitalbs.bakingbusiness.com/sosland/bs/2020_11_01
http://digitalbs.bakingbusiness.com/sosland/bs/2020_10_01
http://digitalbs.bakingbusiness.com/sosland/bs/2020_09_01
http://digitalbs.bakingbusiness.com/sosland/bs/2020_08_01
http://digitalbs.bakingbusiness.com/sosland/bs/2020_07_01
http://digitalbs.bakingbusiness.com/sosland/bs/2020_06_01
http://digitalbs.bakingbusiness.com/sosland/bs/2020_05_01
http://digitalbs.bakingbusiness.com/sosland/bs/2020_04_01
http://digitalbs.bakingbusiness.com/sosland/bs/2020_03_01
http://digitalbs.bakingbusiness.com/sosland/bs/2020_02_01
http://digitalbs.bakingbusiness.com/sosland/bs/2019_12_01
http://digitalbs.bakingbusiness.com/sosland/bs/2019_11_01
http://digitalbs.bakingbusiness.com/sosland/bs/2019_10_01
http://digitalbs.bakingbusiness.com/sosland/bs/2019_09_01
http://digitalbs.bakingbusiness.com/sosland/bs/2019_08_01
http://digitalbs.bakingbusiness.com/sosland/bs/2019_07_01
http://digitalbs.bakingbusiness.com/sosland/bs/2019_06_01
http://digitalbs.bakingbusiness.com/sosland/bs/2019_05_01
http://digitalbs.bakingbusiness.com/sosland/bs/2019_04_01
http://digitalbs.bakingbusiness.com/sosland/bs/2019_03_01
http://digitalbs.bakingbusiness.com/sosland/bs/2019_02_01
http://digitalbs.bakingbusiness.com/sosland/bs/2018_12_01
http://digitalbs.bakingbusiness.com/sosland/bs/2018_11_01
http://digitalbs.bakingbusiness.com/sosland/bs/2018_10_01
http://digitalbs.bakingbusiness.com/sosland/bs/2018_09_01
http://digitalbs.bakingbusiness.com/sosland/bs/2018_08_01
http://digitalbs.bakingbusiness.com/sosland/bs/2018_07_01
http://digitalbs.bakingbusiness.com/sosland/bs/2018_06_01
http://digitalbs.bakingbusiness.com/sosland/bs/2018_05_01
http://digitalbs.bakingbusiness.com/sosland/bs/2018_04_01
http://digitalbs.bakingbusiness.com/sosland/bs/2018_03_01
https://www.nxtbook.com/sosland/bs/2018_02_01
https://www.nxtbook.com/sosland/bs/2017_12_01
https://www.nxtbook.com/sosland/bs/2017_11_01
https://www.nxtbook.com/sosland/bs/2017_10_01
https://www.nxtbook.com/sosland/bs/2017_09_01
https://www.nxtbook.com/sosland/bs/2017_08_01
https://www.nxtbook.com/sosland/bs/2017_07_01
https://www.nxtbook.com/sosland/bs/2017_06_01
https://www.nxtbook.com/sosland/bs/2017_05_01
https://www.nxtbook.com/sosland/bs/2017_04_01
https://www.nxtbook.com/sosland/bs/2017_03_01
https://www.nxtbook.com/sosland/bs/2017_02_01
https://www.nxtbook.com/sosland/bs/2016_12_01
https://www.nxtbook.com/sosland/bs/2016_11_01
https://www.nxtbook.com/sosland/bs/2016_10_01
https://www.nxtbook.com/sosland/bs/2016_09_01
https://www.nxtbook.com/sosland/bs/2016_08_01
https://www.nxtbook.com/sosland/bs/2016_07_01
https://www.nxtbook.com/sosland/bs/2016_06_01
https://www.nxtbook.com/sosland/bs/2016_05_01
https://www.nxtbook.com/sosland/bs/2016_04_01
https://www.nxtbook.com/sosland/bs/2016_03_01
https://www.nxtbook.com/sosland/bs/2016_02_01
https://www.nxtbook.com/sosland/bs/2015_12_01
https://www.nxtbook.com/sosland/bs/2015_11_01
https://www.nxtbook.com/sosland/bs/2015_10_01
https://www.nxtbook.com/sosland/bs/2015_09_01
https://www.nxtbook.com/sosland/bs/2015_08_01
https://www.nxtbook.com/sosland/bs/2015_07_01
https://www.nxtbook.com/sosland/bs/2015_06_01
https://www.nxtbook.com/sosland/bs/2015_05_02
https://www.nxtbook.com/sosland/bs/2015_04_01
https://www.nxtbook.com/sosland/bs/2015_03_01
https://www.nxtbook.com/sosland/bs/2015_02_01
https://www.nxtbook.com/sosland/bs/2014_12_01
https://www.nxtbook.com/sosland/bs/2014_11_01
https://www.nxtbook.com/sosland/bs/2014_10_01
https://www.nxtbook.com/sosland/bs/2014_09_01
https://www.nxtbook.com/sosland/bs/2014_08_01
https://www.nxtbook.com/sosland/bs/2014_07_01
https://www.nxtbook.com/sosland/bs/2014_06_01
https://www.nxtbook.com/sosland/bs/2014_05_01
https://www.nxtbook.com/sosland/bs/2014_04_01
https://www.nxtbook.com/sosland/bs/2014_03_01
https://www.nxtbook.com/sosland/bs/2014_02_01
https://www.nxtbook.com/sosland/bs/2013_12_01
https://www.nxtbook.com/sosland/bs/2013_11_01
https://www.nxtbook.com/sosland/bs/2013_10_01
https://www.nxtbook.com/sosland/bs/2013_09_01
https://www.nxtbook.com/sosland/bs/2013_08_01
https://www.nxtbook.com/sosland/bs/2013_07_01
https://www.nxtbook.com/sosland/bs/2013_06_01
https://www.nxtbook.com/sosland/bs/2013_05_01
https://www.nxtbook.com/sosland/bs/2013_04_01
https://www.nxtbook.com/sosland/bs/2013_03_01
https://www.nxtbook.com/sosland/bs/2013_02_01
https://www.nxtbook.com/sosland/bs/2012_12_01
https://www.nxtbook.com/sosland/bs/2012_11_01
https://www.nxtbook.com/sosland/bs/2012_10_01
https://www.nxtbook.com/sosland/bs/2012_09_01
https://www.nxtbook.com/sosland/bs/2012_08_01
https://www.nxtbook.com/sosland/bs/2012_07_01
https://www.nxtbook.com/sosland/bs/2012_06_01
https://www.nxtbook.com/sosland/bs/2012_05_01
https://www.nxtbook.com/sosland/bs/2012_04_01
https://www.nxtbook.com/sosland/bs/2012_03_01
https://www.nxtbook.com/sosland/bs/2012_02_01
https://www.nxtbook.com/sosland/bs/2011_12_01
https://www.nxtbook.com/sosland/bs/2011_11_01
https://www.nxtbook.com/sosland/bs/2011_10_01
https://www.nxtbook.com/sosland/bs/2011_09_01
https://www.nxtbook.com/sosland/bs/2011_08_01
https://www.nxtbook.com/sosland/bs/2011_07_01
https://www.nxtbook.com/sosland/bs/2011_06_01
https://www.nxtbook.com/sosland/bs/2011_05_01
https://www.nxtbook.com/sosland/bs/2011_04_01
https://www.nxtbook.com/sosland/bs/2011_03_01
https://www.nxtbook.com/sosland/bs/2011_02_01
https://www.nxtbook.com/sosland/bs/2010_12_01
https://www.nxtbook.com/sosland/bs/2010_11_01
https://www.nxtbook.com/sosland/bs/2010_10_01
https://www.nxtbook.com/sosland/bs/2010_09_01
https://www.nxtbook.com/sosland/bs/2010_08_01
https://www.nxtbook.com/sosland/bs/2010_07_01
https://www.nxtbook.com/sosland/bs/2010_06_01
https://www.nxtbook.com/sosland/bs/2010_05_01
https://www.nxtbook.com/sosland/bs/2010_04_01
https://www.nxtbook.com/sosland/bs/2010_03_01
https://www.nxtbook.com/sosland/bs/2010_02_01
https://www.nxtbook.com/sosland/bs/2009_12_01
https://www.nxtbook.com/sosland/bs/2009_11_01
https://www.nxtbook.com/sosland/bs/2009_10_01
https://www.nxtbook.com/sosland/bs/2009_09_01
https://www.nxtbook.com/sosland/bs/2009_08_01
https://www.nxtbook.com/sosland/bs/2009_07_01
https://www.nxtbook.com/sosland/bs/2009_06_01
https://www.nxtbook.com/sosland/bs/2009_05_01
https://www.nxtbook.com/sosland/bs/2009_04_01
https://www.nxtbook.com/sosland/bs/2009_03_01
https://www.nxtbook.com/sosland/bs/2009_02_01
https://www.nxtbook.com/sosland/bs/2009_01_01
https://www.nxtbook.com/sosland/bs/2008_12_01
https://www.nxtbook.com/sosland/bs/2008_11_01
https://www.nxtbook.com/sosland/bs/2008_10_01
https://www.nxtbook.com/sosland/bs/2008_09_01
https://www.nxtbook.com/sosland/bs/2008_08_01
https://www.nxtbook.com/sosland/bs/2008_07_01
https://www.nxtbook.com/sosland/bs/2008_06_01
https://www.nxtbook.com/sosland/bs/2008_05_01
https://www.nxtbook.com/sosland/bs/2008_04_01
https://www.nxtbook.com/sosland/bs/2008_03_01
https://www.nxtbook.com/sosland/bs/2008_02_01
https://www.nxtbook.com/sosland/bs/2007_12_01
https://www.nxtbook.com/sosland/bs/2007_11_01
https://www.nxtbook.com/sosland/bs/2007_10_01
https://www.nxtbook.com/sosland/bs/2007_09_01
https://www.nxtbook.com/sosland/bs/2007_08_01
https://www.nxtbook.com/sosland/bs/2007_07_01
https://www.nxtbook.com/sosland/bs/2007_06_01
https://www.nxtbook.com/sosland/bs/2007_05_01
https://www.nxtbook.com/sosland/bs/2007_04_01
https://www.nxtbook.com/sosland/bs/2007_02_01
https://www.nxtbook.com/sosland/bs/2006_12_01
https://www.nxtbook.com/sosland/bs/2006_11_01
https://www.nxtbook.com/sosland/bs/2006_10_01
https://www.nxtbook.com/sosland/bs/2006_09_01
https://www.nxtbook.com/sosland/bs/2006_08_01
https://www.nxtbook.com/sosland/bs/2006_07_01
https://www.nxtbook.com/sosland/bs/2006_06_01
https://www.nxtbook.com/sosland/bs/2006_05_01
https://www.nxtbook.com/sosland/bs/2006_04_01
https://www.nxtbook.com/sosland/bs/2006_03_01
https://www.nxtbook.com/sosland/bs/2006_02_01
https://www.nxtbook.com/sosland/bs/2005_12_01
https://www.nxtbook.com/sosland/bs/2005_11_01
http://digitalbs.bakingbusiness.com/sosland/bs/2005_10_01
http://digitalbs.bakingbusiness.com/sosland/bs/2005_09_01
http://digitalbs.bakingbusiness.com/sosland/bs/2005_08_01
http://digitalbs.bakingbusiness.com/sosland/bs/2005_07_01
http://digitalbs.bakingbusiness.com/sosland/bs/2005_06_01
http://digitalbs.bakingbusiness.com/sosland/bs/2005_05_01
http://digitalbs.bakingbusiness.com/sosland/bs/2005_04_01
http://digitalbs.bakingbusiness.com/sosland/bs/2005_03_01
http://digitalbs.bakingbusiness.com/sosland/bs/2005_02_01
http://digitalbs.bakingbusiness.com/sosland/bs/2004_12_01
http://digitalbs.bakingbusiness.com/sosland/bs/2004_11_01
http://digitalbs.bakingbusiness.com/sosland/bs/2004_10_01
http://digitalbs.bakingbusiness.com/sosland/bs/2004_09_01
http://digitalbs.bakingbusiness.com/sosland/bs/2004_08_01
http://digitalbs.bakingbusiness.com/sosland/bs/2004_07_01
http://digitalbs.bakingbusiness.com/sosland/bs/2004_06_01
http://digitalbs.bakingbusiness.com/sosland/bs/2004_05_01
https://digitalbs.bakingbusiness.com/sosland/bs/2004_04_01
https://digitalbs.bakingbusiness.com/sosland/bs/2004_03_01
https://digitalbs.bakingbusiness.com/sosland/bs/2004_02_01
https://digitalbs.bakingbusiness.com/sosland/bs/2003_12_01
https://digitalbs.bakingbusiness.com/sosland/bs/2003_11_01
https://www.nxtbookmedia.com