1-800-Flowers CEO Chris McCann said Thursday the company can ride out global shortages in flowers and berries.
“Farms not knowing how to plan for this year, cut back and it is causing a bit of contention,” McCann told CNBC’s “Squawk Box.” “That, coupled with some weather conditions, has caused the challenge that we see in the floral industry today.”
After low demand for flowers and berries this time last year, farmers cut back on planting those crops leading to global shortages this year. Despite shortages, 1-800-Flowers is confident its local florists have enough supply to meet this year’s Mother’s Day demand.
“Fortunately because of the size and the scale that we have and the size of the…