Millennials are more likely to spend their money on intangible goods, such as fun experiences, than previous generations. This trend carries over to the food world, where a study by Eventbrite found three out of four Millennials attended three or more food, wine or beer events in the past month, reported Forbes. Millennials are becoming loyal towards memories gained and shared from experiences they view as authentic rather than traditional branding.
Millennials are looking for authenticity, and 42% of those who attended a food festival said they did so to meet the chefs, restaurateurs or producers of their favorite brands. They seek a social experience when interacting with brands, and appreciate a look at the real people behind the corporate logo.
While Millennials' social lives are extensive online, connecting with them physically can be just as important. Eventbrite found more than half of Millennials who attended food festivals in the past year posted their favorite experiences online, giving producers a way to reach out to a wider audience by making themselves available at physical events.
Despite the warnings of Elon Musk, artificial intelligence is on its way. It's not a topic we've shied away from in the Food Institute Blog, either, but a few developments over the past few weeks have inspired me to once again dive into the technology of the future in hopes of determining how it will affect the food industry.read more
Now, more than ever, the issue of food waste is top of mind for the food industry. Despite retailers, foodservice operators and manufacturers trying to tackle it head on, many challenges lurk around the corner. Despite this, innovative and impactful approaches abound to tackle this complex...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.
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