Wendy’s soared to an all-time high in early trading on a move being attributed to positive mentions and meme spotlights on news aggregation and discussion website Reddit. Shares of Wendy’s were up 18.57% premarket to $27.24, reported …
The pandemic has forever changed the foodservice industry, especially how suppliers acquire and develop customers. And it’s a long time coming for an industry used to massive trade shows, guided cuttings and golf outings for …
The 2020 pay package of DoorDash CEO Tony Xu far exceeded that of most S&P 500 CEOs. However, it’s not the only one to raise eyebrows. In fact, CEO compensation rose to an average $15.3 million …
These days, the prices of multiple commodities are liable to inspire a double take. Here’s a look the commodities with the most noteworthy price spikes of late. LOBSTER Ahead of Memorial Day weekend, it was …
The instant soup segment is at a crossroads of sorts. The global soup market is projected to reach $21 billion by 2027, exhibiting a compound annual growth rate (CAGR) of 2.7% for the forecast period, …
Meal-kit supplier HelloFresh has enjoyed a notable uptick in popularity since the outset of the pandemic. And, even as COVID-19 vaccinations have increased and consumers have started to dine in restaurants more and increase their …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: employment, earnings from The J. M. Smucker Company (SJM) and more. Is America …
Today’s corporate leaders have a much different perspective on business than the CEOs of generations past. Gone is the mentality of profits at all costs and a general disdain for anything that cuts into the …
Ever had the odd feeling that something you buy regularly doesn’t look quite right? It’s more than the new colors on the label or a new shape. The price is the same, but … You’re …
In 2021, demand has been intense for pet food. And it makes sense, considering Americans are pampering pets like never before. Consider: adoption rates at U.S. animal shelters jumped as much as 40% in 2020 …
Influencer marketing has grown rapidly in recent years, and marketers are leveraging social media influencers to increase brand awareness. While the word “influencer” has been buzzing in the social media marketing world for years, there’s …
Restaurants and supermarkets are struggling to find enough workers to open new locations, as noted by The Wall Street Journal (June 3). There were a record-high 8.1 million unfilled jobs at the end of March, …
Grocery e-commerce spending increased by an eye-opening $26 billion in 2020. When the dust settled by year’s end, the 84% jump accounted for 9.5% of all U.S. food and beverage sales. According to a recent, …
Like the Millennials before them, the buying habits of Generation Z (defined broadly as those born between the mid-to-late 1990s and the early 2010s) are coming into focus for food industry manufacturers, retailers, and marketers. …
JBS has made “significant progress” in resolving the cyberattack that hit its global operations and will have the vast majority of its plants operational today, reported Bloomberg (June 2). “Our systems are coming back online …
Food delivery services like DoorDash and Uber Eats became an essential service during the pandemic, when consumers were mostly confined to home and restaurants were closed to indoor patrons. But now that life is returning …
There’s a new wrinkle in the restaurant experience – and a new revenue stream: direct-to-consumer products featured on menus. The overall idea is not new. Lawry’s Prime Rib began marketing its signature seasoned salt in …
Cargill is backing “masks” for cows in an effort to reduce greenhouse gas emissions. Yes, you read that correctly. The mask-like device was developed by Zelp Ltd., which claims it can reduce methane emissions by more than …
Major meat producer JBS SA is grappling with a recent cybersecurity attack which affected servers supporting the company’s IT systems in North America and Australia. The attack disrupted two shifts and halted processing at one of Canada’s largest meatpacking plants, reported Bloomberg (May …
Stress and uncertainty cause people to seek out comfort rather than challenge. And, with 2020 presenting so many challenges, it’s no wonder that the “comfort economy” is booming. Trends in sectors ranging from technology to …
Chipotle’s half-decade commitment to sustainability largely serves as a blueprint for the foodservice segment. In 2018, Chipotle announced that, by the year 2020, the fast-casual chain aimed to divert half of all of its restaurant …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: food inflation, earnings from Cracker Barrel (CBRL), Sanderson Farms (SAFM), Costco (COST) and …
The modern concept of vertical farming was put forth in 1999 by Columbia University microbiologist Dickson Despommier, who along with his students, came up with a design of a skyscraper farm that could feed 50,000 people. …
Consumers are clearly eager to get out and spend after being cooped up at home for over a year, but as costs continue to rise, how much they’re willing to buy is limited. BOOSTED SPENDING …
Many fast-food chains, including Chick-fil-A, Wendy’s, and Burger King, continue to expand their ghost kitchen operations and lean further into the delivery space. But with dining restrictions easing and restaurant traffic on rise — why …
Editor’s Note: This is an update to The Food Institute’s April article “Is the U.S. Facing a Megadrought?” Central Valley Farmers to Get No Allocation Farmers in California’s Central Valley Project will get none of …
With over half of Americans now being vaccinated, travel is making a major comeback after more than a year of pandemic lockdowns. AAA forecasts that 37 million Americans will travel at least 50 miles from …
Nearly $1.9 billion of global venture capital was invested in indoor farming in 2020, nearly tripling over 2019, according to PitchBook data. With those figures in mind, here is a look into some recent developments: …
The organic food and beverage market hit a high note in 2020, with record-breaking sales climbing 12.4% to nearly $61.9 billion in the U.S, according to a recent survey by the Organic Trade Association (OTA). …
As U.S. consumers return to restaurants, operators should embrace plant-based foods to differentiate themselves and boost business in the new world of post-pandemic foodservice. A webinar sponsored by DMA (Distribution Market Advantage) and presented by …
The start of the return to normalcy has created problems for restaurants, bars and other venues with demand outstripping supplies and creating shortages of a variety of foods and other commodities. Couple that with difficulty …
Two people are facing federal charges they bilked investors across the country in a $650 million Ponzi scheme involving bogus short-term cattle or marijuana investments. Reva Joyce Stachniw, 69, of Galesburg, Illinois, and Ron Throgmartin, …
George Floyd’s death sparked nationwide protests and ultimately served as a catalyst for anti- discrimination efforts. Many companies also responded by releasing statements against racism. And some took action, setting quantifiable goals to increase diversity …
Escalating food and grocery prices have many U.S. shoppers rethinking their loyalty to retailers and brands, according to a new survey by Inmar Intelligence. Although vaccines and looser business restrictions are making consumers eager to get …
Since the beginning of the year, foot traffic to U.S. food and beverage establishments is up 41 percent, according to Zenreach data. And with the weather getting nicer, vaccinations on the rise, and dining limitations slowly being lifted, restaurant traffic continues to soar. Restaurant …
For those looking to cut back on sugar, options used to be limited—and, often, not very tasty. In 2021, however, health-conscious consumers suddenly have a plethora of low-sugar items to choose from, whether it’s candy …
