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:
Nearly 62% of consumers simultaneously blame both the restaurant and delivery app when experiencing a problem, according to a study by Zion & Zion. The highest co-blaming occurs when food is delivered at the wrong temperature, with about 72% of consumers casting at least some blame on both the restaurant and delivery app. Full Story
Protein Bar & Kitchen will begin offering CBD oil as an add-on to its beverages. Medterra will supply the Chicago-based restaurant chain's CBD oil, reported Crain's Chicago Business. Full Story
A real estate affiliate of Chick-fil-A purchased 50 acres of industrial land near Cartersville, GA. CFA D2 Services LLC paid about $3.7 million for the site, reported Atlanta Business Chronicle. Full Story (Subscription Required)
Legal Sea Foods partnered with Charoen Pokphand Foods to co-pack premium shrimp products for distribution in North America. CP Foods will produce numerous fresh frozen and high-quality items with shrimp sourced from its biosecure aquaculture farms. Full Story
Red Robin enlisted The Cypress Group to explore markets for strategic franchising. The restaurant and franchise investment banking firm will manage Red Robin's refranchising initiative. Full Storyread more
December 20, 2019 (Upper Saddle River, NJ) - The Food Institute forecasts eating away-from-home sales growth will outpace at-home in 2019, according to its webinar "An Honest Look at 2019 Food Industry Trends.” Brian Todd, president of The Food Institute, predicts 5.1% growth for eating and drinking places in the coming year and 2.8% growth for food and beverage stores.
Although February employment numbers released by Bureau of Labor Statistics (BLS) could be considered a disappointment, ADP's numbers are more robust. Who's right?read more
McDonald’s is looking to the technology investments and new value offerings it developed in 2018 as major drivers for growth in 2019.read more
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