Focus Archive > Page 69

COVID’s Impact on the Lobster Industry

The economic impact of coronavirus is unprecedented. It has brought social repercussions that sent shockwaves throughout the hospitality industry, especially products and services associated with luxury or discretionary buying, such as lobster and other delicacies. …

Food Activity Picks Up in Asia

Over the past several days, there has been a significant amount of food-related activity in Asia—particularly in China and Japan. China China is expected to have a food supply gap of about 130 million metric tons …

What the Stock Market is Revealing About Key Beverage Trends

The relative stock price performances of beverage companies this year tell a compelling story about the key beverage trends influencing today’s market. While most public beverage stocks closely followed the broad index (i.e., S&P 500 …

Vertical Farming Growth Accelerated by Coronavirus

The coronavirus pandemic has disrupted the traditional U.S. food and agriculture supply chain, providing a potential growth opportunity for vertical farms. One recent deal made in the space involves Singapore-based Temasek Holdings Pte and Bayer …

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Moving Forward, Grocery Retailers Must Embrace Digital

Online grocery shopping has surged during the COVID-19 pandemic. Before COVID-19, online accounted for less than 10% of food sales, according to Ernst & Young LLP (EY). By June, 45% of food sales were online. …

Foodservice Enters Survival Mode

The coronavirus pandemic is likely going to create longterm changes in the restaurant industry. Nearly one-third of consumers plan to cook at home even more than they do now once stay-at-home recommendations have lifted, according …

Manufacturers Need to Adapt to COVID-19 Conditions

The COVID-19 pandemic will continue to affect the manufacturing capabilities of food companies through the end of 2020, but automation, social distancing, and pivoting towards healthier products could provide avenues for future growth. Meatpackers Face …