Foodservice operators and distributors need to have facts at their fingertips every day to compete in a crowded marketplace where business requires knowing consumer trends as well how much that will cost. Foodservice members of the Food Institute will be able to:
Fare launched a food delivery service in New York City that doesn't charge restaurants commission. Betting on economies of scale, the company's method allows customers to place advance orders from a curated menu and it delivers the food in batches within a set time window. Full Story
A nationwide summer voucher program encourages UK diners to eat at restaurants. The "eat out to help out" program offers a 50% discount up to $12.64 per person Mondays to Wednesdays. The country also cut VAT sales tax from 20% to 5% for restaurants, cafes, and pubs, reported Reuters. Full Story
Burger King UK may permanently close up to 10% of its restaurants as result of the pandemic. The CEO said the chain will do everything possible to avoid the closures but government efforts to help the restaurant industry don't do enough to offset the combination of fixed costs and lost sales, reported BBC. Full Story
American Express, Discover, Mastercard, and Visa will expand Click to Pay to international markets. Technical preparations are underway and once complete the system will allow businesses to offer a simple and secure checkout experience that doesn't require customers to key account numbers and information. Full Story
Upper Saddle River, NJ (February 11, 2020) - The Food Institute, a New Jersey-based news and market research company founded in 1928, is proud to announce the appointment of Richard Bei as Chief Operating Officer and Head of Data Science.
Grocery shopping has evolved from a Main Street event (where we go to our local market frequently to purchase food and goods) to an order most anything, from anywhere, at any time online. Online shopping, which started off slowly, was initially an underwhelming choice for consumers. As the internet grew along with smartphones, more started to shop online.read more
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