Beyond Meat's (NASDAQ: BYND) stock has likely been beyond frustrating for its investors. And while inflation may be partly to blame as consumers focus on buying more affordable basics, the alternative meat maker was experiencing problems long before rapidly rising costs caused shoppers to pare down their grocery lists. Similar to what happened when meal delivery kits exploded on the scene, the zero-moat business was undercut by large, well-financed rivals flooding the market with their own brands.