The food industry is one of many accelerating the use of special purpose acquisition companies. But with SPACs positioned to quadruple this year, are these companies poised to become the next Internet bubble or subprime …
Food businesses including grocers, restaurants and farmers, are faced with major issues due to this week’s severe winter weather in Texas. GROCERS AND RESTAURANTS Power outages and supply problems linked to the nearly unprecedented cold …
This article is the first in the FI Quarterly Series on Emerging Consumer Brands. The continuing problem with corporate and independent accelerators is two-fold: the screening process and the mentors available to each cohort. An …
WALMART Walmart beat expectations for same-store sales growth, as an early start to the holiday season and a boost from stimulus money late in the fourth quarter drove demand for electronics, toys and groceries, reported …
To no one’s surprise, the consumption of chocolate and other comfort food is on the rise as consumers lean more on guilty pleasures to cope with pandemic-related anxiety. In fact, the stress of 2020 coupled …
Historically, Environmental, Social and Governance (ESG) factors have taken a back seat to financial performance in the corporate world. And in the interest of performance measurement, companies have often made short-term profit decisions at the …
Hotel occupancy in the U.S. fell to a record low 44% in 2020, according to travel research firm STR. “2020 was a complete wash due to international travel restrictions amongst various countries and also within …
Major food companies are increasingly placing importance on Environmental, Social, and Governance (ESG) practices. Corporations like Nestle, Danone, and McDonald’s have found that ESG initiatives are necessary to meet the demands of today’s consumers. Nestle, …
While Sunday’s Super Bowl will be the perfect platform to highlight the changing of the guard between superstar NFL quarterbacks Tom Brady and Patrick Mahomes, the food industry will also have some significant changes on …
Food businesses are facing logistics issues regarding rising freight costs on top of the ongoing COVID-19 crisis. Rising freight rates and delivery delays have led to global backlash from companies frustrated about the mix of …
Retailers across the U.S. posted record seafood sales in 2020, according to data presented at the National Fisheries Institute’s Global Seafood Marketing Conference. Sales rose across all categories. Frozen seafood sales soared 35% to $7 …
As the demand for alternative meat products continues to grow, companies are cutting prices to keep up with competition and to become more accessible to all consumers. PLANT-BASED MEAT REDUCES RETAIL PRICES Impossible Foods recently …
Several food retailers are revamping their advertising businesses and appear to be modeling their approach after companies like Google and Amazon. Walmart is the latest to do so, which could have far-reaching business implications. The …
We’ve come a long way from fighting off a cold with grandma’s chicken soup. From the healthier products touted by food and beverage companies to the renewed focus of consumers on better nutrition and wellness …
Big CPG companies did well in the first half of 2020, but they failed to meet consumer demand in the year’s second half, giving way, to an extent, to upstart CPGs. CPG sales increased by …
Super Bowl parties may look different this year, but food will still be a major part of them. Frito-Lay estimates a 21% increase in snacking vs. previous Super Bowls as more consumers plan to watch …
Foodservices’ latest quarters have seen mixed results as restaurants continue to cope with pandemic-related losses. In 2020, restaurant and foodservice industry sales fell by $240 billion, from an expected level of $899 billion, according to …
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 …
As consumers largely continue to stay home during the COVID-19 pandemic, several food brands have shifted to a direct-to-consumer (DTC) model. Bimbo Bakeries USA was one such brand who recently launched a DTC platform. And, …
The plant-based protein trend continued to gather momentum this week, when Beyond Meat and PepsiCo announced a joint venture to sell snacks and drinks made from plant-based protein. A WIN-WIN FOR TWO MAJOR PLAYERS The …
Some upstart brands that saw strong sales in 2020 will keep the momentum going by airing Super Bowl advertisements for the very first time. Other, more established brands are directing traditional ad budgets for the …
The meal kit and fresh food segments have experienced tremendous growth over the course of the pandemic on a combination of limited dining-out options, families with little time to spare for preparing and cooking food, …
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 …
A record 54% of Americans between the ages of 24-39 are incorporating more plant-based foods into their diets this year, according to a survey commissioned by Sprouts Farmers Market. WHY ARE CONSUMERS ALIGNING WITH THE …
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 …
During the COVID-19 pandemic, gas stations emerged as key, profitable parts of oil companies’ operations as more consumers turned to them for food and drink purchases that were a bit closer to home. While fuel …
An estimated one-third of all the food produced in the world goes to waste, likely enough calories to feed every undernourished person on the planet. But wasted food isn’t just about food insecurity. It’s also …
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 …
New data provided by the U.S. Bureau of Labor Statistics note that food prices are up due to demand. The food index rose in December, as both food at home and the food away from …
Alimentation Couche-Tard, the Canadian owner of Circle K convenience stores, is exploring a takeover of French grocer Carrefour SA in a roughly $20 billion deal that would create a trans-Atlantic retail giant. The not-so-typical move comes on …
Chipotle’s online business soared during 2020, making up more than half of sales. With that, the digital boom is likely leading the company to consider more drive thrus and introduce breakfast options. DRIVE THRUS COULD …
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 …
Employers across the U.S. decreased hiring in December, as COVID-19 cases were up and cities reimposed business restrictions. Throughout the month, job losses were largely concentrated among restaurants, bars, hotels, casinos, and other entertainment venues, …
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 …
Online sales for the 2020 holiday season started strong on Black Friday, coming in at a record-breaking $9 billion. That spending represents a 22% increase over a record $7.4 billion spent online in 2019. Traffic to physical …
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. …
