It’s been a year of shifting priorities as inflation firmly holds its grip on the US economy. For those in the food industry, it’s a battle over managing prices while facing limited supplies and labor. …
Food inflation has been a major contributor to CP’s steady climb, and is negatively impacting consumers’ outlooks on inflation in the future.
Some food brands have reformulated their products using cheaper ingredients – a tactic some refer to as “skimpflation.”
As a variety of factors aggravate the downward trajectory of alternative meat sales at retail, refrigerated varieties continue to fuel the category’s deceleration.
It’s difficult to project how the fast-casual industry will perform in a recession. The current version of the industry hasn’t really seen one. To be sure, the fast-casual concept predates the financial crisis of the …
Improvement in energy prices is prompting increased consumer spending on affordable indulgences like snack nuts and spaghetti.
With August food prices increasing 11.4% year-over-year, Americans are experiencing a fundamental shift in their everyday patterns, with some even adopting an “inflation diet.” A recent survey by consumer research platform Attest took a closer …
Avian flu and energy prices are pushing turkey prices to new heights, with breast meat going for more than $6.50 a pound.
Grocers must focus on solidifying loyalty among shoppers during economic turmoil, and a carefully considered advertising approach is key.
While shoppers are still spending in today’s high-inflation environment, they are prioritizing where to invest their dollars, according to a Gravy Analytics trends report from the second quarter of 2022. Dining Preferences Shift Many consumers …
As many shoppers trade down brands in the wake of rising inflation these days, what retailers need to do to attract these customers differs based on their usual value proposition.
With the U.S. inflation rate at an elevated 8.7% for July 2022, consumers, manufacturers and retailers alike must remain agile to adapt to ongoing economic pressures. “The past few years of COVID-19 have brought enormous …
Tea-infused cocktails are the latest drink trend on TikTok, signaling that healthy, affordable beverages resonate with consumers.
Retail media networks are emerging as inflation, shifts in consumer behavior, and increasing cost pressures change the future of food retail.
Food manufacturers are looking to ingredient suppliers to provide sustainable options with the use of upcycling and regenerative agriculture.
Beef eaters have a tough choice to make these days: switch to cheaper proteins or swallow the more than 11% increase in prices from 2020 levels, averaging $5.40 a pound in June.
The twin crop production enemies, drought and excessive heat, are putting unprecedented pressure on the global food supply via “heatflation.”
The twin crop production enemies, drought and excessive heat, are putting unprecedented pressure on the global food supply via “heatflation.”
Chicago-based Asian chain Wow Bao is exploring a new avenue as it continues its growth: vending machines. Wow Bao, which began as a fast-casual concept specializing in steamed buns and has since expanded as a …
Despite some positive indicators, an increasing number of restaurant operators are growing more concerned about inflation and the prospects for the economy. Employment in the restaurant industry and overall economy continued to rise at a …
Food insecurity is a growing global problem, and within the U.S., Gen Z is among the hardest hit. That’s according to Purdue University’s Consumer Foods Insight report, which reported 30% of Gen Z adults had …
Russia’s invasion of Ukraine, fertilizer shortages, and poor weather conditions across the globe, are playing havoc with global food supplies, leading to projections that food prices will remain high for years. Additionally, global food security …
The near-term pressures on casual dining operators right now are obvious. Fears of a recession are rising. Consumer confidence is falling. Labor shortages have driven up wages and in some cases forced operators to limit …
Add convenience stores to the growing list of businesses slammed by skyrocketing gasoline prices. Fifty-nine percent of convenience retailers say customer traffic has decreased in stores over the past three months, according to the Q3 2022 …
The price for a typical Fourth of July cookout could be 11% to 17% higher than a year ago, depending on what’s in your basket. That’s according to recent reports from Wells Fargo and the …
With gasoline prices topping $6 a gallon in some parts of the U.S., consumers have been rethinking their shopping habits, opting against multiple trips and turning to superstores and online solutions to cut down on …
Consumer demand for shell eggs should remain strong in the near-term despite year-over-year price increases, due in part to the value proposition eggs provide for consumers searching for protein options, according to industry analysts. Eggs …
As consumer spending buckles under the weight of inflation, store brands must work harder than ever to capture market share. In first quarter of 2022, consumers across all outlets were spending more but buying less …
With COVID and Russia’s invasion of Ukraine buffeting supply chains, food availability and energy prices, economists are warning of dire times ahead as consumers shift spending patterns to cope with inflation. JPMorgan Chase & Co. …
Price-squeezed Americans are increasingly turning to discount stores, leading Dollar Tree and Dollar General to increase sales forecasts for the year. Dollar General even plans to open 1,110 new stores during the 2022 fiscal year, …
From center store basics to fresh perimeter, inflation is high and holding across retail grocery. The price per unit across all foods and beverages in the IRI-measured multi-outlet stores increased to 10.7% in the four …
Half of all small business owners and nearly three-quarters of restaurateurs fear inflation will drive them out of business this year, the Alignable Small Business Inflation Poll indicates. “It’s the mom-and-pop diners and the small, …
U.S. gas prices breached $4 per gallon in every state in March, according to AAA, while JP Morgan predicts they could surpass $6 by the end of the summer. Regardless, after two years of COVID …
Inflation is causing shoppers to rethink their buying journeys, which has made price a more important factor than ever. That is affecting how shoppers both plan and execute their supermarket trips, and grocers must start …
The best time to measure the privilege of being an iconic brand is any period of rapidly spiking inflation. The Consumer Price Index has jumped 8.5% in the last year alone. And the country’s most …
Chicken is not as cheap as it used to be. USDA reported prices for skinned boneless chicken breasts in the Northeast region were ranging between $3.30 and $3.35 per lb. on May 4. Food Institute …
