The cost of a basket of 16 staple food items will cost consumers a bit more in 2018, with the price increasing 2% to about $51.05, according to the American Farm Bureau Federation's (AFBF) Spring Picnic Marketbasket Survey. The 2018 price is a $1.02 increase when compared to 2017.
read moreArtificial intelligence, augmented and virtual reality, the Internet of Things, cryptocurrencies, voice assistants, 5G and biometrics: these technological advancements are already available or on the way. Each will affect commerce in their own way, but what each relies upon is rather simple:
read moreTechnology is becoming a major part of food shopping, and both supermarkets and c-stores are starting to realize the power of digital integration.
read morePlease indulge me for a moment by taking the time to count how many social media platforms you currently have an active account with. By my own count, I have active profiles on more than 10, and chances are, you are in that range, too.
read moreA few months ago, when the Food Institute was in the midst of its winter break, I was attending a family party where many of my relatives and family friends were discussing cryptocurrencies. Many were unfamiliar with the technology, and others were talking about how they might invest in it, when my cousin made an astute observation:
read moreEaster spending is expected to total $18.2 billion this year, nearly matching last year's record of $18.4 billion, according to an annual survey by the National Retail Federation and Prosper Insights & Analytics. About 81% of Americans will celebrate the holiday and will spend an average of $150 per person, down from last year's record of $152.
read moreMany customers and suppliers of Whole Foods Market have been voicing their concerns about the company since its acquisition by Amazon. There has been worry that some of the new policies implemented by the chain will hurt their sales or impact the shopping experience.
read moreThere once was a time that I remained skeptical that Taco Bell would be able to successfully pair tacos and French fries, but those days have passed. You can now call me a believer.
read moreQuick-service restaurants are ramping up their digital capabilities to compete with fast-casual eateries, according to a study from L2 Research. The firm found that 95 out of 126 brands offered a mobile app, 57% of restaurant apps included pickup ordering and only 33% offered coupons that encouraged consumers to repeatedly visit.
read moreAmazon's Prime service is a major pillar of its business, and when the e-commerce company acquired Whole Foods Market late in 2017, everyone knew the two services would somehow be integrated. In February, Amazon announced the latest way it would be incorporating its Prime membership and Whole Foods Market products, with two-hour delivery, and it is now expanding that service to more markets.
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