At a Glance:
In the U.S. as of May 21, CDC reported:
Across the globe as of May 22, Johns Hopkins University reported:
Coronavirus in Focus:
The hybrid restaurant-grocery store has become such a viable model for struggling locations that several are planning to keep it going, even when restrictions start lifting. Many independent restaurants plan on allocating more of their dining space to groceries, offering butcher shops, spices, and baking mixes, while others consider expanding to nearby vacant storefronts for markets and bakeries (May 22). Food Institute Focus
The hybrid restaurant-grocery store has become such a viable model for struggling locations that several are planning to keep it going, even when restrictions start lifting. Many independent restaurants plan on allocating more of their dining space to groceries, offering butcher shops, spices, and baking mixes, while others consider expanding to nearby vacant storefronts for markets and bakeries (May 20). Food Institute Focus
Walmart U.S. achieves sales increase in the first quarter. Same-store sales grew 10%, led by strength in food, consumables, health and wellness, and some general merchandise categories. U.S. e-commerce sales increased by 74% with strong results for grocery pickup and delivery services. “They’ve made a lot of investments in grocery and they did it at the right time,” said Randy Hare, portfolio manager at Huntington Private Bank (May 19). Food Institute Focus
The pandemic may change how customers grocery shop for years to come, according to industry analysts. Customers will continue to seek out contactless ways to buy or pay for groceries and accelerate their interest in local food, predicts Nielsen's head of global intelligence. The pandemic may also inspire more innovation and experimentation with "dark stores," and better relationships between order pickers and customers (May 18). Food Institute Focus
Crisis Management – A playbook in the wake of Coronavirus (April 20, 2020)
As the country works to contain the coronavirus outbreak, many companies are finding themselves unprepared and are left wondering what they should be doing to protect their business and their employees. Join the Food Institute for a free webinar, outlining what your company needs to be doing during the current pandemic, in the event the coronavirus crisis worsens, or in the case of a future crisis. Speakers Dave Mustin of Marcum LLP and Paul Schuldiner of Rosenthal Trade Capital will discuss basic risk management, managing financial risk, and supply chain risk. Learn More
Sponsored by: Marcum LLP
The Food Institute’s Chris Campbell speaks with Shelley Forrester, founder of the Forrester Network, on marketing and advertising strategies that can be employed during the coronavirus pandemic and beyond. Topics covered include what makes a good leader during crisis situations, what companies can do to ensure messaging does not ring hollow, and how food and beverage makers can adapt to changing market conditions stemming from the public health crisis. Recorded May 14, 2020. Listen Here
Food Institute Business Writer Chris Campbell sits down with John Dunham, president of John Dunham & Associates, to discuss the greater economy in the wake of the coronavirus. Dunham explains the historical context of the economy, overall unemployment and job losses, and how food and beverage companies can navigate the current climate. Recorded May 5, 2020. Listen Here
With the coronavirus pandemic forcing many across the U.S. to stay at home, consumers are turning to grocery e-commerce solutions to stock up and steer clear of other people. Both pick-up and delivery models are posting significant jumps, but with increased demand comes a variety of issues that retailers and third parties must work through. Listen as BrickMeetsClick Chief Architect Bill Bishop speaks with the Food Institute’s Chris Campbell on the state of the industry, whether the gains found during the pandemic will remain for the sector, and how retailers can improve their service offerings. Recorded April 30, 2020. Listen Here
For the latest economic impact of the coronavirus pandemic, look to the expertise of the Food Institute. Monthly analysis of CPI, PPI, retail, and foodservice data is available to Food Institute members in our Economic Benchmarking portal. Learn more.
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Page Last Updated: May 22, 2020
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