Online and physical restaurant visits during lunch rose 4% in the year ending September 2021 compared to a year ago when visits were down 11%, based on The NPD Group’s U.S. foodservice industry tracking. “Consumers are …
A recent global survey conducted by EY (Ernst & Young) illustrates consumers are re-evaluating big purchases these days. That said, consumers certainly aren’t shying away from spending on groceries. “Online grocery shopping is a clear …
Chip City launched just four years ago, under less-than-ideal circumstances. The cookie-and-coffee chain’s CEO, Peter Phillips, had a background in construction and was largely unfamiliar with the food industry. The company started with a mere …
Merger and acquisition activity in the food and beverage industry heated up in 2021, making up for lost time in the early days of the pandemic, but industry experts told The Food Institute the trend …
This article is written and sponsored by Transparency Market Research. Several players and vendors in the food and beverages industry have been focusing on the production and development of new, cannabis-infused products intended to aid …
As alt-meat technology continues to make innovative strides, recent investments by major industry players suggest the long-term potential of the cultivated, or lab-grown, meat sector. Last week, JBS announced plans to invest $100 million in …
With the pandemic threatening to intrude on a second holiday season and the nation’s workers rethinking what they want out of their jobs and careers, labor unrest has been sweeping through U.S. companies of late. …
Oatly Group AB shares fell nearly 21% on Monday after the plant-based dairy company reported a third-quarter revenue miss and issued a revenue warning for the year. The company, which had a net loss of $41.2 …
While some might shy away from investing in restaurants right now, Dan Rowe is doubling down. The way he sees it, even during a lingering pandemic, people still wake up hungry every day, so certain …
What Vijay Kodali envisioned for years has finally become a reality. “We figure that, if we open our own restaurant and launch it, and make it operational, it’ll be a great story for us to …
The sandwich market’s potential appears to be underscored by recent quick-service restaurant acquisitions. In the span of two weeks, a pair of QSR parent companies expanded their culinary offerings via acquisitions of established brands. Restaurant …
This article is sponsored and written by Future Market Insights. Plant-based beverages, in many respects, are taking the food industry by storm. The products are praised by many for their healthy nutritional profile. And, as …
First there was lab-grown meat. Then, lab-grown dairy came along. Now, it appears chocolate is next. LAB-GROWN CHOCOLATE GETS CLOSER TO REALITY California Cultured, the U.S. company making lab-grown chocolate, has raised $4 million in …
Chicago residents in need of last-minute ingredients are in luck. Getir, the Turkish provider of ultrafast, 10-minute grocery delivery, started operations in the Windy City this week. The company, which was founded in Istanbul in …
Demand for gluten-free products continues to rise as more consumers adopt special dietary lifestyles – and grocery retailers and CPG companies are responding accordingly. The global gluten-free packaged food market, estimated to reach $9.6 million …
Where have all the corner drug stores gone? Those of a certain age remember the traditional corner drug store – the place you went after school, nickels clutched in hand, to buy a piece of …
A new survey signals that marijuana is competing with alcohol for Gen Z’s dollars. Technomic’s recent Adult Beverage Planning Program report shows that, in states where recreational cannabis is legal, nearly two-thirds (65%) of Gen …
Consumers may be seeing less food and retail advertisements on their TV screens this holiday season. Department stores, such as Macy’s and Nordstrom, spent 8% less on TV commercials from July 30 to October 30 …
By most accounts, post-pandemic life will involve lots of online shopping for consumers. Coronavirus lockdowns nudged most consumers in that direction, and innovation is pushing them further toward adoption of extensive online shopping for purchases …
In 2015 a pair of San Diego-based entrepreneurs – Cassandra Curtis and Ari Raz plotted the launch of a new, high-pressure processing (HPP) baby food brand in refrigerated pouches. The playful name was Once Upon …
During CPG Growth Strategies in an Inflationary 2022 – a recent webinar presented by IRI and RBC Capital Markets – experts noted what to expect in the months ahead regarding food prices, the labor pool, …
Despite rising inflation, supply chain bottlenecks, and labor challenges, the food industry should be looking forward to 2022. Additionally, collaboration, communication, and developing personal connections will be critical growth drivers. These were some of the …
Kroger may be more than a century old, but the venerable grocery store chain is taking a page from more recent upstarts and betting on e-commerce to keep it ticking long into the 21st century. …
(Updated Nov. 11, 2021 with Sysco Q3 numbers) Prices for supplies from foodservice distribution giants US Foods and Sysco rose 11.5% and 13.4% respectively during the third quarter but had little effect on soaring demand …
Bird flu is spreading across Europe with Poland, the continent’s largest poultry producer, and Britain reporting the latest cases, following outbreaks in Denmark, France, Germany, Italy, Netherlands and Russia. Poland reported several outbreaks of H5N1 …
U.S. food banks are facing two major struggles at the moment: increased demand from consumers sidelined by the pandemic and surging food prices amid supply chain issues. Many people found themselves facing food insecurity during …
What seemed like something straight out of science fiction just a few years ago is quickly becoming a reality for the food industry. Robots are now doing everything from picking, preparing and delivering supplies. With …
The adoption of upcycling continues to spread across the food industry as companies large and small explore innovative ways to repurpose ingredients that would otherwise go to waste. While the process remains a niche concept …
To stockpile or not to stockpile – that is the newest question businesses are grappling with amidst the deluge of pandemic-induced operational challenges. While fluctuating demand has left many companies holding — or in food …
Anyone who’s ever been on a diet remembers longing for a sweet dessert, wishing for the calorie content to disappear. That’s what makes artificial sweeteners so attractive – all the sweetness and none of the …
This article is sponsored and written by RSM US LLP. There are tremendous opportunities for growth in the food and beverage industry, especially for brands able to harness the power of technology to enhance supply …
On the heels of the fast-food industry’s chicken sandwich wars, has Arby’s fired the first shot in a new battle? The privately held chain recently launched its Country Style Pork Rib sandwich as a limited-time …
Recently released October statistics from Indeed Hiring Lab indicated fewer people are looking for jobs in the hospitality-tourism sector – nearly 24% fewer than in February 2020 when the pandemic first took hold. Even with …
Many have lamented America’s current labor shortage. Kristine Gunn, conversely, has tried to maintain an air of positivity, focused on the opportunity that lies ahead. “This really is a time for organizations to reimagine – …
UPSIDE Foods (formerly Memphis Meats) is opening what it says is the most advanced cultivated meat production facility in the world. The Engineering, Production, and Innovation Center (EPIC) features a 53,000-square foot campus in Emeryville, California, …
Holiday spending is shaping up quite differently this year, following months of COVID-19 vaccines and gradual restaurant recovery. Not only are people shopping earlier this season — with stats from NPD Group showing that 51% …
