Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: American Families Plan, restaurant reservations, McDonald’s (MCD), Archers-Daniel-Midland Company (ADM), Kraft Heinz Company …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: unemployment benefits, global debt, surging commodities, restaurant reservations, Coca-Cola (COKE), and more Trending …
While grocery store owners benefited from a rush of customers throughout much of the past year as the pandemic raged, owners now have growing concern that their bottom line will look far less rosy in …
The push for the Raise the Wage Act, which would increase the minimum wage to $15, is pressuring U.S. businesses like restaurants that depend on keeping labor costs in check to survive. QSRs are finding …
During the pandemic, restaurants have had to find new ways of winning over consumers. Those who are innovating seem to be recovering well from pandemic-related losses. “300 million people wake up hungry each day, and …
Fast-food restaurant chains are turning their attention to food trucks as a way to give pandemic-beleaguered franchisees an alternative channel to boost sales damaged by restrictions on the number of customers who can dine in …
Throughout the pandemic, consumer packaged goods (CPG) companies benefitted from purchases of classic CPG items like canned vegetables, pasta, and coffee, as consumers stocked up during quarantine. However, as the country opens back up, CPG …
Non-profit organization Conscious Kitchen recently shifted an entire California school district’s food supply chain to 100% organic. The West Contra Costa Unified School District (WCCUSD) and Conscious Kitchen provided their first 100% USDA-certified organic weekly …
President Biden denounced state leaders who are choosing to relax COVID-19 restrictions and protective measures at businesses including restaurants. Biden called the moves “Neanderthal thinking” and “a big mistake,” reported The Hill (March 3). His …
Sysco Corp.’s fiscal second-quarter results came in below analysts’ estimates on pandemic-related constraints, with the Houston-based food distributor posting adjusted earnings of $0.17 per share, well under the Zacks consensus estimate of $0.35 per share …
About 270 workers have died in meatpacking plants since the COVID-19 pandemic began, and research from the CDC suggests plants at times served as transmitters to spread the virus in surrounding communities. Cold temperatures, cramped …
Tim Hand and Bruce Reinstein, partners with food industry consulting firm Kinetic12, and Wade Hanson, principal with foodservice consulting firm Technomic, participated in a webinar yesterday hosted by The Food Institute and DMA titled “2021 …
Restaurant chains are getting a sales bump from the latest round of stimulus money, but if patterns mimic the first round, the lift could be short-lived. STIMULUS IMPACT While the amounts given in the roughly …
Though not requiring workers to get COVID-19 vaccinations, some food retailers are incentivizing them to get the shots. Among the first to do so was Dollar General, which offered employees four hours of pay to …
New stats suggest consumer eating habits are shifting away from the traditional three meals per day toward more frequent snacking. Over the past five years, Americans added 25 between-meal snacking occasions per capita, from 505 …
With the coronavirus pandemic raging throughout much of the U.S., countless restaurant owners have faced indefinite closures. When dealt with that situation himself, Marc Epstein took matters into his own hands. Epstein, owner of The …
Main Points: Total capacity of refrigerated warehouses worldwide was 719 million cubic meters in 2020, 16.7% higher than 2018. Among the factors driving growth are online grocery sales, subscription meal services, consumer preferences for fresh …
Since the beginning of the pandemic, indoor dining has been a point of contention for restaurants. After being banned for some time — leaving restaurants to rely on outdoor seating – indoor dining was brought …
The coronavirus pandemic, and its subsequent restrictions, sent a shockwave through the U.S. job market in 2020, causing a ripple effect felt through much of the labor force. In short order, many jobs shifted, creating …
If 2020 proved anything, it’s that Americans simply can’t get enough hot chicken and pizza and pandemic lockdowns only strengthen the country’s demand for the two delivery staples. With many consumers preferring to eat at …
After months of uncertainty, 2021 looks more promising than one might assume for the food industry. For starters, Congress’s recent COVID-19 relief bill should provide a measure of assistance to restaurants and beer manufacturers alike. …
A new variant of COVID-19 and increasing concerns about the country’s exit from the European Union are causing significant problems in the U.K. days before Christmas. NEW COVID-19 VARIANT PUTS LONDON IN LOCKDOWN London and …
There is no doubt that restaurants have been beaten down during the COVID-19 pandemic. More than 110,000 restaurants have closed permanently or for a long period of time throughout the U.S., while others face uncertainty as many …
Food companies are showing their appreciation for employees in several ways as 2020 comes to a close. Chipotle has paid out over $40 million in bonuses and assistance pay to employees during COVID-19, reported QSR …
With limited quantities of the COVID-19 vaccine available, many groups a seeking priority for their employees—including the food industry. Administration of the vaccine began on Dec. 14 in the U.S. with early doses being set …
Despite reaching a sobering coronavirus milestone earlier this week, U.S. drug stores and grocers are increasingly optimistic that they will be able to support in-store COVID-19 vaccination efforts as supplies become available at their stores. …
The coronavirus pandemic has caused 8,400 retailers and 110,000 restaurants to close across the U.S. this year, according to industry statistics, reported The Economic Times (Dec. 14). And even more closures could be on the …
Three leading meat-industry trade groups are asking U.S. governors to prioritize COVID-19 vaccine access for meat workers, reported Winsight Grocery Business (Dec. 9). The North American Meat Institute, the National Cattlemen’s Beef Association, and the …
Neighborhood grocery stores will likely serve as major providers of COVID-19 vaccinations, reported The Wall Street Journal (Nov. 30). Supermarkets are working to secure storage materials for the vaccines, and other medical gear required for …
Weak gift card sales could be an obstacle to full recovery for restaurant chains, reported The Wall Street Journal (Dec. 1). As COVID-19 cases rise, more restrictions are being placed on restaurants and less people …
Several companies have recently made announcements regarding bonuses and hazard pay, following reports of retailers not sharing enough of their pandemic profit with their employees. Here are a few: Amazon After ending its $2-an-hour pay …
The National Retail Federation (NRF) expects holiday sales will rise in 2020 when compared to 2019 as consumers search for reasons to celebrate during the pandemic. The group forecast holiday sales in November and December …
Walmart has made several business moves recently that involve a delivery acquisition and a COVID-19 testing-related investment. Walmart acquired select assets of JoyRun in a bid to incorporate its peer-to-peer food and drink delivery service …
Despite rising coronavirus cases across the country, hazard pay for retail workers is not keeping pace. Industry observers say many retailers are not sharing enough of the profits they have earned during the pandemic with …
Across the nation, mayors of cities and governors of states are restricting hours for businesses in an effort to tamp down on a rising trend of COVID-19 infections. The legislation was not unwarranted. With the …
Rising COVID-19 cases in several states have led to lockdown measures being reinstated, providing more opportunity for delivery and online shopping. In New York, Gov. Andrew Cuomo announced new restrictions, some of which target restaurants …
