Author: Rich Alterman

Rising Inflation Inspires C-Store Innovation

Add convenience stores to the growing list of businesses slammed by skyrocketing gasoline prices. Fifty-nine percent of convenience retailers say customer traffic has decreased in stores over the past three months, according to the Q3 2022 …

Meal Kit Services Pivot as Pandemic Eases

Despite stronger sales earlier in the pandemic, the meal kit industry still has room to grow, with Statista projecting the U.S. market to reach more than $10 billion by 2024, compared to $6.9 billion in …

Experts Weigh In on Prospects for At-Home Dining

As pandemic concerns ease and consumer mobility returns, how will the dine-at-home category evolve against the backdrop of surging inflation? Last quarter, City National Bank Managing Director Eric Viergutz and RBC Capital Markets Managing Director Nik Modi joined The …

Food Industry Automation Gaining Momentum Amid Labor Shortage

Image courtesy of Miso Robotics Amid the pandemic-related labor shortage, investment in automation continues to gain momentum, particularly in the restaurant space. In fact, the food automation market is expected to grow at a CAGR …

Cultivated Meat Heating Up as Big Food Enters Market

When Dutch professor Mark Post unveiled the first cultivated meat burger in 2013 at a cost of $330,000, few could have imagined how the category would evolve. In fact, companies can now create a patty …

Restaurants Roll the Dice on Gambling Partnerships

In the same vein as national restaurant brands increasingly marketing to marijuana users as states continue to legalize the drug, the restaurant industry is aligning with sports betting to help boost revenue. And with good …

Tips for Capitalizing on Plant-Based Products

Lead with delicious and prepare for scrutiny ROBYN CARTER, CEO OF JUMP ROPE INNOVATION “I think the most important thing for CPG companies to consider when they’re innovating around plant-based options is that it’s critical ...

Restaurant Brands Increasingly Court Marijuana Users

Image courtesy of Wingstop While 18 U.S. states and Washington, D.C. have legalized marijuana for recreational use, it remains illegal on the federal level. Yet, several national restaurant brands are incorporating marijuana into their marketing …

CPG Food Brand Loyalty Taking Hit Amid Rising Inflation

With inflation raging, consumers are beginning to cut costs on everyday CPG food items. And as a result, brand loyalty is taking a hit. Private-label brands, after two pandemic years in which they lost market …

CPG Brands Aligning with Mental Wellness

Society has come a long way on normalizing discussions about mental health. With that, a growing list of brands are highlighting mental wellness in their marketing. As the issue is increasingly destigmatized—with celebrities and athletes openly discussing their …

Recent Economic Data Could Be a Good Sign for Hiring Managers

While there certainly are signs of improving labor market conditions in the food industry, pandemic-inspired trends are causing headaches for hiring managers. In fact, the pandemic changed the way a lot of people think about ...

The Toll of Rising Inflation and Gas Prices for Consumers

The one-two punch of soaring inflation and record-breaking gasoline prices is likely to have an increasingly painful impact on consumers. In fact, the Labor Department reported Thursday that the Consumer Price Index, or CPI — …

Grain Markets Monitor Russia-Ukraine Conflict

U.S. consumer support for domestic agriculture has grown stronger, according to a  new survey from the United Soybean Board. In fact, 78% of respondents said it’s important to purchase U.S.-grown food, an 8% increase from a …

Restaurants Work New Strategies to Retain Staff

Hiring new employees is hard for businesses across the food landscape. Retaining them is even harder. And if you are a restaurant operator amid the current worker shortage, your staffing problems are the hardest. The …

The Meal-Kit Industry Is at a Crossroads

Meal kits are at a crossroads. Despite strong sales earlier in the pandemic, customers have dropped meal kits in droves as restrictions ease, while soaring food and logistics costs squeeze margins. In December, HelloFresh released 2022 …

Can the Seafood Supply Chain Hold as Demand Rises?

While the seafood sector appears well positioned for growth, can the supply chain hold as demand rises? The Food Institute takes a closer look at some of the category’s recent developments. Supply chain implications as …

Can Beef Prices Moderate Amid Recent Developments?

Beef prices are up, but relief could be on the way. Retail beef prices rose 30% from the beginning of 2020, before pandemic lockdowns started, to a peak of $7.90 per pound in October, before …

Are Autonomous Vehicles the Next Big Thing in Delivery?

Third-party delivery services like Instacart, UberEats and DoorDash have taken the world of grocery, retail and restaurants by storm. So, what’s the next great innovation for these segments? It could be autonomous delivery, using vehicles …

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2021 Food Labeling Summit

Has Arby’s Started a Pork Sandwich War?

On the heels of the fast-food industry’s chicken sandwich wars, has Arby’s fired the first shot in a new battle? The privately held chain recently launched its Country Style Pork Rib sandwich as a limited-time …

What’s Driving Beyond Meat’s Slide?

What’s going on at Beyond Meat? A week ago, the company’s stock price fell 12% after it warned that third-quarter revenue should come in at $106 million—far lower than its prior outlook and the nearly …

Defending Ultra-Processed Foods

In line with pandemic-inspired gains in snacking, Americans are eating more ultra-processed foods. Yet, the rise in consumption has been trending higher for years. Researchers at the NYU School of Global Public Health analyzed dietary …