As coronavirus cases around the U.S. continue to rise, manufacturing plants—particularly poultry processing—are experiencing more closures. On Aug. 31, the U.S. topped 6 million cases of coronavirus, reported CNN (Aug. 31). The food processing industry …
In an effort to expand its health sciences business, Nestlé SA agreed to buy the rest of the partially owned biopharmaceutical company Aimmune Therapeutics Inc. for $2.6 billion, reported The Wall Street Journal (Aug. 31). …
Main Points: Convenience stores must adopt practices to ensure employee and customer safety, such as contactless checkout The ability to shift focus to different day parts to achieve sales is essential Consumer loyalty is …
A growing amount of large food companies—particularly in manufacturing and foodservice—are continuing to restructure, making more job cuts in response to the coronavirus pandemic. Most recently, Coca-Cola laid off thousands of workers, offering voluntary deals …
Shoppers are increasingly turning to plant-based products. The specialty plant-based segment has grown more than 27% since 2017, reaching nearly $5 billion in total brick-and-mortar sales in 2019, according to the recent State of the Specialty …
Restaurants across the U.S. are resuming operations in accordance with guidelines to ensure health and safety and patrons and employees. However, states, cities, and counties have different requirements for operating during the pandemic. In New …
German discount grocers Aldi and Lidl have been capturing a larger share of the U.S. grocery market over the past several years. The stores have increased sales and attracted shoppers with simpler stores that offer …
Sales of chocolate and candy increased during the pandemic as consumers look for products to boost their mood and lighten perspectives, according to data from the National Confectioners Association (NCA). Overall sales of chocolate and …
Manufacturing companies are seeing increased sales during the pandemic, but some are issuing record levels of debt. Strength in the retail and deli businesses helped push sales up at Hormel Foods Corp. in its third …
KIND Healthy Snacks plans to switch to “bee-friendly” almond suppliers to encourage growth of the insect population, reported Fast Company (Aug. 25). KIND’s almond suppliers are working on two major changes: 1) stopping the use …
Food trucks are being saved by the suburbs during the pandemic after no longer able to depend on busy city centers, reported Omaha World-Herald (Aug. 21). The industry has found new customers who enjoy sampling new …
DoorDash plans to open an initial public offering in the fall, according to people familiar with the matter, reported Bloomberg (Aug. 22). The company had previously considered going public through a direct listing but decided …
Recent storms across the country have caused major disruptions to farmers—particularly in Texas and Iowa. Texas Cotton producers in the Rio Grande Valley took a devastating hit from Hurricane Hanna in late July, according to …
Alcohol e-commerce platform Drizly raised $50 million in a series C funding round, reported The Boston Globe (Aug. 20). The company, one of the largest alcohol e-commerce delivery platforms in North America, currently operates in 235 …
Restaurants looking to open ghost kitchens can now get help doing so from the foodservice distributor US Foods. The company is launching US Foods Ghost Kitchens, a program designed to guide restaurant operators when opening their …
As digital ordering grows in popularity, food companies are adapting with new formats. Taco Bell Yum Brands Inc. plans to launch a Taco Bell mobile restaurant in first quarter 2021 under the Taco Bell Go Mobile …
Northern California has been hit with triple-digit temperatures, as well as hundreds of lightning strikes that ignited brush fires, reported Los Angeles Times (Aug. 18). The mercury hit 107 degrees Fahrenheit on Aug. 17 in …
Black-owned food businesses are seeing a surge in sales and interest from consumers as organizations celebrate August being National Black Business Month. Michele Foods posted a 78% jump in sales of its syrup products in …
Walmart’s e-commerce sales rose 97% in the second quarter and same-store sales grew by 9.3%, driven by purchases of food and general merchandise, reported CNBC (Aug. 18). Though Walmart customers shopped less frequently, they bought more when they …
Certain pizza ingredients are getting harder to come by as pizza sales soar. Small pizza shops around the U.S. reported pepperoni prices are rising while the supply is getting tighter, reported Bloomberg (Aug. 14). Pizza …
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 …
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. …
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 …
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 …
Food Institute Focus – COVID Turns Restaurant Robotics into Necessity
Food Institute Focus – Casual Dining Leverages its Assets
Food Institute Focus – Keto Dieters Remain Dedicated During Pandemic
Food Institute Focus – Backlogs Lead to More Shortages
Food Institute Focus – E-Commerce Becomes Winning Strategy
Food Institute Focus – More Farmers Declare Bankruptcy
Food Institute Focus – Corn & Soybean Market Update
Food Institute Focus – Positive Earnings Help Some Food Companies Thrive
Food Institute Focus – Delivery Continues to Profit in Pandemic
Food Institute Focus – Contactless Technology Becomes More Widespread
Food Institute Focus – A Food Institute Conversation with Rick Camac: Training Restaurateurs in a Post-Pandemic Era
Food Institute Focus – DoorDash Gets into Retail
