Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: an interview with Wells Fargo agricultural economist Dr. Michael J. Swanson on a …
French restaurant owners and workers are worried: Are they about to turn into the virus police? Retailers don’t understand how they’ll keep people who haven’t had a COVID-19 vaccination out. France is in the forefront …
The USDA’s Farm Service Agency will begin accepting applications next Tuesday from livestock producers who suffered pandemic losses as a result of their inability to gain sufficient access to processing. Relief will come from the …
The statistics are staggering. According to a recent poll conducted by job site Monster.com, 95% of respondents were “currently considering changing jobs,” and 92% said they’d switch industries to get a new job. The top …
The latest plant-based foodservice offering? Planteroni Pizza from Little Caesars. The pizza chain is now offering pizza made with Field Roast’s Plant-Based Pepperoni at many of its stores across the U.S., making it the first …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: grocery inflation, menu price hikes, cost saving ideas, and more. Don’t be surprised …
Chick-fil-A was rated America’s top fast-food restaurant for a seventh straight year, according to the latest American Customer Satisfaction Index (ACSI), which provides customer satisfaction benchmarks for major companies in the foodservice sector. At the …
Yandex Self-Driving Group, a unit of Russian tech company Yandex, has partnered with Grubhub to bring robotic delivery to American college campuses. Yandex hopes to reach over 250 campuses over the course of the multiyear …
The beverage industry has seen an increase in demand for premium beverages among younger consumers, and boba tea is a growing niche in that specialty segment. According to a recent CLSA survey of consumers, 94% …
U.S. beverage demand is forecast to increase 2.9% yearly in nominal terms through 2025, as income rises and the population grows, according to Beverages: United States, a report by Freedonia Focus Reports. Here’s a look at which …
You thought 2020 was bad? This year has featured extreme drought conditions. Then, cicadas and grasshoppers. Now, the Pacific Northwest is getting walloped by a nearly unprecedented heatwave. Portland, Seattle, and swaths of western Canada …
Dunkin’ has pulled the Beyond Sausage breakfast sandwich off its U.S. menu and no longer has it listed among the food items posted on the company’s website, reported Fox Business (June 23). ANALYST COMMENTS “We …
As we approach the second half of 2021, the outlook for food delivery is starting to shift in a few noteworthy respects. NEW, LOCAL CHALLENGERS ENTER THE MARKET Big delivery apps including Uber, Grubhub, and …
Fast-food chains, such as McDonald’s and KFC, appear to be cutting discounts and pushing more expensive meals post-pandemic. QSRs are cutting back on $5-and-under “value” menu items in favor of $10-$30 meal combinations in order …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: inflation analysis, food commodities outlook, The Kroger Co. (KR) earnings digest, and more. …
U.S. restaurant sales reached $67.3 billion in May, representing the third month in a row that sales reached an all-time high, according to Census Bureau statistics. The growth is set to accelerate, according to OpenTable …
Shef has raised $20 million to expand its homemade meal delivery marketplace. The company helps home chefs connect with customers by handling orders and getting the food delivered, reported TechCrunch (June 2). Back in 2019, …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: inflation analysis, earnings from Campbell Soup Company (CPB), Chewy, Inc. (CHWY), and more. …
Pandemic pressure from consumers has supercharged e-commerce technology and triggered its rapid adoption, ultimately blurring the boundaries between traditional food categories like never before. The stage is now set for an omnichannel future wherein providers …
Vegetables that don’t lend themselves to the “eat fresh” mantra. The inability to close more than once a year unless an “Act of God” occurs. No leniency in a labor market that can best be …
Labor shortages have slowed the post-pandemic foodservice renaissance. Restaurants ranging from fine dining to quick serve are looking at approaches to combat the dearth of workers. DMA and The Food Institute brought together four industry …
Wendy’s soared to an all-time high in early trading on a move being attributed to positive mentions and meme spotlights on news aggregation and discussion website Reddit. Shares of Wendy’s were up 18.57% premarket to $27.24, reported …
The pandemic has forever changed the foodservice industry, especially how suppliers acquire and develop customers. And it’s a long time coming for an industry used to massive trade shows, guided cuttings and golf outings for …
The 2020 pay package of DoorDash CEO Tony Xu far exceeded that of most S&P 500 CEOs. However, it’s not the only one to raise eyebrows. In fact, CEO compensation rose to an average $15.3 million …
These days, the prices of multiple commodities are liable to inspire a double take. Here’s a look the commodities with the most noteworthy price spikes of late. LOBSTER Ahead of Memorial Day weekend, it was …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: employment, earnings from The J. M. Smucker Company (SJM) and more. Is America …
Influencer marketing has grown rapidly in recent years, and marketers are leveraging social media influencers to increase brand awareness. While the word “influencer” has been buzzing in the social media marketing world for years, there’s …
Restaurants and supermarkets are struggling to find enough workers to open new locations, as noted by The Wall Street Journal (June 3). There were a record-high 8.1 million unfilled jobs at the end of March, …
Grocery e-commerce spending increased by an eye-opening $26 billion in 2020. When the dust settled by year’s end, the 84% jump accounted for 9.5% of all U.S. food and beverage sales. According to a recent, …
Food delivery services like DoorDash and Uber Eats became an essential service during the pandemic, when consumers were mostly confined to home and restaurants were closed to indoor patrons. But now that life is returning …
There’s a new wrinkle in the restaurant experience – and a new revenue stream: direct-to-consumer products featured on menus. The overall idea is not new. Lawry’s Prime Rib began marketing its signature seasoned salt in …
Stress and uncertainty cause people to seek out comfort rather than challenge. And, with 2020 presenting so many challenges, it’s no wonder that the “comfort economy” is booming. Trends in sectors ranging from technology to …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: food inflation, earnings from Cracker Barrel (CBRL), Sanderson Farms (SAFM), Costco (COST) and …
The modern concept of vertical farming was put forth in 1999 by Columbia University microbiologist Dickson Despommier, who along with his students, came up with a design of a skyscraper farm that could feed 50,000 people. …
Consumers are clearly eager to get out and spend after being cooped up at home for over a year, but as costs continue to rise, how much they’re willing to buy is limited. BOOSTED SPENDING …
Many fast-food chains, including Chick-fil-A, Wendy’s, and Burger King, continue to expand their ghost kitchen operations and lean further into the delivery space. But with dining restrictions easing and restaurant traffic on rise — why …
