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:
Farmers are in demand. For instance, farmers in rural America are expanding food delivery to meet rising demand from consumers, particularly in areas of the country where grocery delivery services are not widely available. Many farmers are focusing on direct-to-consumer sales amid declining demand from local restaurants and are offering contactless delivery of items like fresh produce and frozen meats. Food Institute Focus
US Foods Holding Corp. drew $1 billion under its existing revolving credit facilities to retain as cash on hand during the coronavirus outbreak. The company also secured new opportunities to sell to retail outlets like grocery stores and to contract some of its distribution workforce to companies experiencing increased demand. These actions are expected to partially mitigate the declines in sales to restaurants, hospitality, and education customers. Full Story
New York-based BHS Foodservice Solutions will cease operations as of March 27. The company, which supplies the hospitality and foodservice industries, explored various mechanisms to achieve more long-term stability in the face of mounting operational difficulties, but determined "the business is not in the position to overcome such a volatile economic scenario," reported Buffalo Business First. Full Story (Subscription Required)
FreshDirect said activity was up 60% when compared to a year ago, according to CEO David McInerney. The company noted customers are stocking up but not hoarding products that can be used to create their favorite dining out foods and longer cooking projects, reported MarketWatch. Full Story
Cavalier Produce transitioned to a direct-to-consumer business model and is offering pickup from its Louisa County, VA, location or from various satellite drop-off points in Richmond and Charlottesville. Previously, the company supplied restaurants, colleges, and retirement homes, reported Richmond Times-Dispatch. Full Storyread more
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.
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."