Author: Jordan Wiklund > Page 5
AR Offers Worlds of Possibilities in Food Industry
My augmented reality (AR) journey with a pear began easily enough. Scan to Experience the Vortex of Augmented Reality, reads the QR code on the homepage of usapears.org. I’ve always wanted to enter a vortex, …
Gen Z Expert: Authenticity Key to Effective Influencer Endorsements
Six months into the Kim Kardashian Chief Taste Consultant experiment for Beyond Meat, the stock is trading lower than ever. In today’s truth- and value-centered market, do influencer endorsements help or hinder a product?
TikTok Expert: Authenticity Key for Food Brands Marketing to Gen Z
With an endless supply of content and more than 50 million daily users, there is no shortage of ways for brands to market themselves on TikTok – particularly to Gen Z. In fact, half of …
Canned Cocktails Seen Growing on Convenience, Health Halo
Coca-Cola is teaming up with Jack Daniel’s distiller Brown-Forman to make a Jack-and-Coke cocktail in a can. The mashup is the latest development in the rapidly growing canned cocktail segment. In fact, the ready-to-drink cocktail …
Gen Z Stakes Its Claim as The ‘Foodie’ Generation
Being a “foodie” is now a central component of the Gen Z identity, according to a recent study from Cassandra by Big Village. According to the report, Young & Hungry, Gen Z considers themselves the …
New Food Trend Alert: Caviar ‘Bumps’ Hit NYC Bars and Restaurants
Eating caviar is the latest status symbol for millennials and Gen Z. Caviar has become more affordable and accessible in recent years, with a small serving costing $20 at some New York City bars, reported The New …
Digital Ordering Key Factor in Restaurant Gains
A growing number of consumers prefer digital ordering over in-store experiences, according to a recent report from Paytronix. The 2022 Paytronix Order & Delivery Report found that, while digital orders at restaurants and c-stores have …
Gut Health, Fashion and ‘Phygital’ Solutions Among Top 2022 Food Trends
As we approach the midway point of the year, it’s time to take a closer look at some of the top food industry trends. With that, here are key findings from Trendincite’s recently-released Top 5 …
Dollar Stores Cashing in Amid Inflation
Price-squeezed Americans are increasingly turning to discount stores, leading Dollar Tree and Dollar General to increase sales forecasts for the year. Dollar General even plans to open 1,110 new stores during the 2022 fiscal year, …
What Pepsi’s Bold Move Says About the Future of Advertising
Pepsi will no longer sponsor the Super Bowl halftime show. The company said in a statement that the decision is part of a “larger strategic shift to bring unprecedented music and entertainment experiences” to people …
Third-Party Delivery Apps Facing Uncertain Future
Third-party delivery firms are making headlines again. A growing number of investors, customers, and workers are fed up as the companies hemorrhage money and relentlessly chase growth— burning cash, customers, and vendors along the way …
Food Retailers Rank High in Annual Reputable Companies Survey
Food companies turned out to be some of the most reputable companies in the eyes of Americans in this years’ Axios Harris Poll 100 survey which gauges the reputation of the most visible brands in …
Predicted Increase in Travel Could Benefit QSRs
U.S. gas prices breached $4 per gallon in every state in March, according to AAA, while JP Morgan predicts they could surpass $6 by the end of the summer. Regardless, after two years of COVID …
Analysis: Mobile’s Potential Impact on the Future of Dining
Our smartphones have impacted just about every element of life and dining out is no exception. From QR code menus to online ordering and reviews, consumers have grown accustomed to mobile components attached to restaurants. …
NYC Grubhub Debacle Furthers Restaurant-Delivery App Tensions
Is the relationship between third-party delivery companies and restaurants starting to fray? A Grubhub promotion offering free lunch to all New York City customers on Tuesday turned into chaos for both restaurants and customers. The app was offering …
Analysis: What’s Driving Growth in Specialty Food
Once a niche, hard-to-find category, specialty food is becoming a staple in consumers’ kitchens. KeHE Distributors President and CEO Brandon Barnholt recently joined The Food Institute Podcast to discuss specialty food trends, factors affecting the industry, and …
Robotic Delivery, Including Ice Cream, Expanding
The classic ice cream truck is getting a makeover. Automated “store on wheels” platform Robomart has partnered with Unilever to deploy robotic vehicles for ice cream delivery this summer, reported Supermarket News (May 6). Consumers …
In-Store Bakery Segment Seen Rolling in Dough by Next Year
After a challenging number of years, it looks like the bakery industry is in good shape. In Rabobank Consumer Foods Analyst JP Frossard’s third edition of “Bakery Bites,” he looks at current growth drivers for …
What Are the Growth Prospects for Fermented Foods?
Though kimchi and sauerkraut may be top of mind when thinking about fermentation, the opportunities actually stretch far wider. In fact, the fermented food and drinks market is expected to grow by $533 million through 2026 at …
No Shortage of Shortages as Supply Chain Issues Persist
As supply chain problems persist, there’s no shortage of shortages these days. A baby formula shortage has become wide ranging, for example, with a current out-of-stock rate of 40%, up from 31% in early April. …
Innovative New Products Entering the Plant-Based Category
Vietnamese Restaurants See Opportunity at the Drive-Thru Window
Vietnamese restaurants see potential in the fast-food category. Many American cities, such as Philadelphia, Washington and San Jose, California, are experiencing a surge of new Vietnamese restaurants, reported The New York Times (April 26). And Vietnamese restaurateurs are hoping to …
Restaurants Grapple with Rising Chicken Prices
Chicken is not as cheap as it used to be. USDA reported prices for skinned boneless chicken breasts in the Northeast region were ranging between $3.30 and $3.35 per lb. on May 4. Food Institute …
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Kroger’s Restaurant Supply Business Could Disrupt Foodservice Distribution
Image courtesy of The Kroger Co. Kroger is trying its hand at foodservice distribution. The grocer recently launched a restaurant supply business that offers next-day delivery to businesses in the greater Dallas area. Kroger …
What Are the Top Online Grocery Pain Points?
It’s been over two years since the start of the pandemic, a span in which many consumers began ordering groceries online for the first time. Though significant improvements have been made along the way, there …
Report: 40% of Consumers Buying Plant-Based Foods
Nearly half of consumers are buying plant-based products in 2022. A new report from Acosta found that 40 percent of consumers surveyed in March purchased plant-based protein and/or dairy alternatives within the last six months, …
How Restaurants Can Retain Price-Conscious Consumers
A recent survey of middle-income households shows 57% anticipate buying fewer takeout and dine-in meals, reported Restaurant Business (April 20). At the same time, restaurants are struggling to keep prices in check. With these factors in …
Fried Food Demand Continues to Sizzle
Consumers are still loving all things fried. Market research service Mintel Menu Insights found that the number of fried foods on U.S. restaurant menus rose 5% during the first three quarters of 2021. And with …
Food Businesses Step Up Sustainability Efforts
For Earth Day, The Food Institute takes a closer look at recent industry efforts to meet the growing sustainability expectations of consumers. RETAILERS Sam’s Club recently revealed new sustainability efforts for its Member’s Mark private-label …
Analysis: Is the Alt-Protein Movement Overhyped?
While some in the industry are optimistic about alt-protein’s prospects and perceived benefits, others claim alt-protein is, in some respects, overhyped, as noted in a new report. The Politics of Protein, by the International Panel …
What’s Behind Hormel’s Success?
Hormel Foods International President Swen Neufeldt recently joined The Food Institute Podcast to discuss the company’s strong performance over the past several quarters, the resilience of its legacy brands, and the prospects for emerging plant-based lines. Below are highlights from …
Could a 4-Day Workweek Benefit the Food Industry?
Along with Henry Ford’s assembly line in 1926 was the introduction of the standard five-day workweek. And while it certainly remains the norm, some groups are beginning to challenge this time-tested schedule in pursuit of …
Analyzing Whole Foods Foot Traffic
A new report from Placer.ai, titled Placer Spotlight: Whole Foods’ Journey Since the Amazon Deal, takes a closer look at Whole Foods foot traffic data over the past several years. Here are some key takeaways: …
Teen Spending Up, Interest in Plant-Based Down
Teens are spending more money (+9%) and food is a top priority, according to Piper Sandler’s Taking Stock with Teens Spring 2022 survey. With these themes in mind, below are key findings that food industry …
Why Restaurants are Venturing into the Metaverse
Restaurant chains are entering the great unknown, taking bold leaps into the “metaverse.” It’s the latest endeavor by fast-food brands to reach potential customers where they’re at. The Food Institute investigated exactly how the strategy …