Focus Archive > Page 23

Costco Clamps Down on Membership Abuse

It’s unusual for a retailer to make it more difficult for consumers to shop at its stores. But membership fees are the key to Costco’s business. In fiscal 2022 (ending August 28), membership fees accounted for 54% of the company’s operating profit; the figure has risen to 58% in the first three quarters of fiscal 2023.

Analyzing the Dairy Industry’s Imbalance Issue

Demand for fluid milk continues to drop, forcing dairy farmers to dump milk, some of it winding up in the Milwaukee sewer system. Food Processing recently reported truckloads of milk were dumped into the Milwaukee …

Pizza Chains’ New Recipes for Success

Domino’s and Pizza Hut are two of the largest pizza chains in the U.S., but each have encountered some turbulence in recent years. In April, Domino’s reported a slowdown in its delivery business, and Pizza …

Spice It Up: Burritos and Hot Chicken Are on Fire

Restaurant chains specializing in spicy offerings are gathering steam in 2023. Case in point: Dave’s Hot Chicken, which grew from two locations to 118 over the past few years, saw May 2023 visits increase 126.6% …

Naturally Decaffeinated Coffee Beans Are Almost Here

Brazilian coffee research organization Instituto Agronomico de Campinas (IAC) has entered a decisive stage in its two-decade project to develop naturally decaffeinated coffee varieties by crossing different plants that have very low caffeine content.

Could MSG Reduce Global Salt Consumption?

Monosodium glutamate, better known as MSG, may have been given a bad rap, but now experts say it could be the key to reducing global salt consumption. For years, warnings about MSG were issued because …

Can Buzzfeed’s AI Chefbot Save Your Kitchen?

Tasty enjoys over 1 billion cross-platform views each month and is widely regarded as the most robust and user-generated food community and platform on the internet. That the big cheese of big apps and data is involved with AI recommending food choices and providing budget and grocery tips should not surprise anyone.  

Prime Day Deals Could Spur Retail Revival

Amazon’s two-day Prime Day event starts July 11, and retailers are hoping it lifts the restraint consumers have been exhibiting since the beginning of the year. Call it Christmas in July. The annual sales orgy …

Analysis: Assessing Modelo Especial’s Ascent in America

For the first time, Mexican beer Modelo Especial recently became the top-selling beer in North America, surpassing Bud Light, which had been the number one beer for two decades. Modelo’s ascent in North America begs …

4 Generative AI Tips from CPG Trailblazers

How is the food industry responding to the rapid advancement of generative artificial intelligence? The Food Institute gathered four takeaways from industry trailblazers at the recent Generative AI Food Pioneers Summit, hosted by food and …

Top Trends at the Summer Fancy Food Show

“Companies must stand out,” said Food Institute CEO Brian Choi. “To win in the marketplace, products have to have a differentiated selling point – just being ‘good’ is not good enough in this environment.”

Alcohol To-Go Isn’t Going Away

Alcohol to-go has become a permanent fixture around the United States, presenting a massive growth opportunity for businesses.

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Report: AI Poised to be Business Boon

We haven’t quite hit the promise of HAL in “2001,” but generative artificial intelligence is poised to revolutionize nearly all aspects of business, including the food industry. A recent report from McKinsey & Co. predicts …

EVs Can Galvanize Farming and Agriculture

Today’s smart vehicles and robotics can do everything from operate autonomous implements in the field to monitor crucial silo volume and quality data, make precision adjustments to spraying and irrigation, and even assess crop and animal health. And that’s just scratching the surface.

Four “Toxic” Food Additives that Increase Appetite

Across the U.S., the number of households purchasing products that contain potentially harmful food additives appears to be on the rise. Between 2001 and 2019, the proportion of purchased food products that contained additives increased …

Analysis: Are “Virtual Brands” at Death’s Door?

The recent struggles of MrBeast Burger – currently available at more than 2,000 restaurants – could be an ominous sign for all virtual brands. Ubiquitous YouTuber MrBeast, aka Jimmy Donaldson, wrote multiple statements in frustration …