In 2020 election referendums, voters approved two milestone initiatives that amount to a win and loss for food-industry companies in two states. California workers with app-based ride-hailing and delivery services will remain independent contractors after …
Companies in various sectors of the food industry reported positive quarterly results. Foodservice Starbucks expects to recover and return to growth in 2021 after a fourth quarter where its same-store sales in the Americas declined …
The U.S. economy grew at a record pace in the third quarter, reported The Wall Street Journal (Oct. 29). It increased 7.4% over the prior quarter and at a 33.1% annual rate—recovering about two-thirds of …
DoorDash is investing in a restaurant for the first time, reported The Verge (Oct. 24). It will work alongside CA-based Burma Superstar for a brick-and-mortar store called Burma Bites. It will be designed for delivery and …
State and local officials around the world are reinstating lockdown orders as coronavirus cases rise. Newark, NJ, is reversing course on reopening as cases increase across the city, reported CBS News (Oct. 27). Many of …
Several major food companies have recently made headlines with sustainability-forward initiatives. Chipotle With the debut of Real Foodprint, Chipotle Mexican Grill becomes the first brand to provide detailed sustainability impact data about its ingredients for …
Dunkin’ Brands is in talks to sell itself to private equity-backed Inspire Brands, reported The New York Times (Oct. 25). The deal would take Dunkin’ Brands private at a price of $106.50 a share, according …
Albertsons Companies introduced Albertsons Pay, a new zero-touch checkout experience. Available through its updated just for U loyalty app, it offers shoppers with a secure and contact-free way to pay, use discounts, and earn rewards. The new technology is …
In wake of the pandemic, foodservice is continuing to adapt in unique ways to survive. UK-based Pret A Manger has struggled during the pandemic without the commuter crowd. In August, weekly sales in Britain were …
Amazon issued a warrant to purchase up to 5.4 million shares in SpartanNash, according to a filing with SEC, reported The Motley Fool (Oct. 9). The warrant has been issued specifically to Amazon.com NV Investment …
Some restaurants are enforcing time limits to keep the numbers of visitors up during COVID-19 restrictions, reported The Wall Street Journal (Oct. 5). Two hours or 90 minutes are the preferred time limits. The idea …
Food retailers are partnering with technology companies to make their operations more efficient as the COVID-19 pandemic continues. Giant Eagle now operates FlyBuy Pickup, a curbside and in-store pickup program. FlyBuy, using location technology from …
Fast food may weather winter better than casual dining as the pandemic continues and flu-season arrives, reported MarketWatch (Sept. 21). Analysts are boosting their ratings and targets for fast food companies, in large part, due …
Retailers are developing new strategies in an effort to one up each other in the battle for delivery advantage. Walmart will launch Walmart+, a membership service that could help it better compete with Amazon Prime. …
DoorDash plans to open an initial public offering in the fall, according to people familiar with the matter, reported Bloomberg (Aug. 22). The company had previously considered going public through a direct listing but decided …
Food Institute Focus – How COVID-19 is Impacting Eating
Food Institute Focus – Fast Food Business Model Pays Off
Food Institute Focus – Pizza Profits from Pandemic
Food Institute Focus – Retailers Disrupt Milk Processing Industry
Online grocery shopping has surged during the COVID-19 pandemic. Before COVID-19, online accounted for less than 10% of food sales, according to Ernst & Young LLP (EY). By June, 45% of food sales were online. …
The coronavirus pandemic is likely going to create longterm changes in the restaurant industry. Nearly one-third of consumers plan to cook at home even more than they do now once stay-at-home recommendations have lifted, according …
Food Institute Focus – What Delivery Foods are Trending with Consumers?
The COVID-19 pandemic changed the foodservice industry drastically during the first half of 2020. Several chains were forced into bankruptcy, while others relied on delivery or pivoted their business models. Eating and drinking places registered …
Food Institute Focus – Walmart Launches an Amazon Prime Competitor
Food Institute Focus – Latest Deals Prove Grocery Delivery is a Necessity
Food Institute Focus – Is PPP Really Aiding ‘Small’ Businesses?
Food Institute Focus – Consolidation in Delivery Market
Food Institute Focus – Fast Food Chains Struggle with Breakfast
Food Institute Focus – Delivery Services See Continued Growth
Food Institute Focus – Starbucks to Transform Store Formats
Food Institute Focus – How COVID-19 Could Change Grocery Shopping Indefinitely
Food Institute Focus – Consumers Feel Guilty About Having Food Delivered
Food Institute Focus – Restaurant Owners Question if Reopening is Sustainable
Food Institute Focus – Notable Acquisitions Despite Economic Challenge
Food Institute Focus – Delivery and Takeout Provide Relief to QSR
Food Institute Focus – Foodservice’s New Normal After Pandemic
