Consumer demand for healthier and more transparent products is shaking up the entire supply chain, from producers through retailers and foodservice outlets. Sales of Non-GMO Project Verified products topped $11 billion in 2014, while Chipotle Mexican Grill eliminated all GMOs from its offerings as of April 27, reported Denver Post. Companies such as Whole Foods Markets are also moving away from GMO products.
At the same time Tyson Foods Inc. announced an aggressive plan to eliminate the use of human antibiotics in its chickens by 2017, and is working with farmers to remove antibiotics use from beef, pork and turkey as well, reported Reuters. While the decision was influenced by McDonald's earlier pledge to source antibiotic-free chicken, Tyson officials noted that the move was also a reaction to other unnamed foodservice customers planning to follow suit.
As companies crack down on what sorts of food they offer, the effects could cause a change reaction and stress on the supply chain and affect prices paid by consumers. Chipotle is already dealing with pork shortages, and while it doesn't plan on raising prices a small increase may be required to fully remove GMO ingredients.
Forbes examined 60 of the best brands across the U.S. for franchisees to invest in, partnering with franchise industry research firm FRANdata. To develop the rankings, researchers delved into the system sustainability, system demand, value for investment, franchisor support and franchisor stability for each...read more
McDonald’s is modernizing its locations around the world, introducing new menu items and expanding its technology offerings as part of an overall growth plan for the company.read more
With a background in both daily and weekly publications, Bryan has worked as a journalist since freelancing for his hometown paper in high school. He has since written both in print and online for min, The Times of Trenton and North Jersey Media Group, holding positions from stringer to editor. With a background as a news reporter, he has learned to seek out the focus behind the story, digging for the most important information.
There are no comments, yet. Why don't you add one?
10 Mountainview Road
Upper Saddle River, NJ 07458
Food Institute reps are available to answer your questions
BECOME A MEMBER
For close to 90 years, The Food Institute has been the best "single source" for food industry executives, delivering actionable information daily via email updates, weekly through The Food Institute Report and via a comprehensive web research library. Our information gathering method is not just a "keyword search."