Tag: AI

CPGs Need Fresh Strategies Beyond Price Increases in 2024

“Tomorrow’s winners will vary how they generate demand across their portfolios, with mass activation for their biggest brands and more targeted treatment for niche and insurgent brands,” Kyle Weza, global co-lead and brand accelerator for Bain & Company, said in the report.

Report Reveals Scarcity of Retail Innovation

From number-crunching untold volumes of data to helping streamline inventory, supply chain, and predictive market trends, there is no digital limit to what AI can help operators achieve.

‘Rufus, Fetch My Next Outfit’: Amazon Unveils AI Shopping Assistant

Critics and analysts alike are keen to understand who stands to benefit most from this technology – whether it will primarily serve Amazon’s interests by increasing sales and customer retention, or genuinely improve the consumer experience by offering more personalized and convenient shopping solutions.

10 Top Trends and Innovations from CES 2024

CES 2024 wasn’t solely a showcase of robots and gadgets; it also served up a tantalizing array of innovative food technologies and trends that are set to redefine the way we eat.

Seen at CES 2024: AI, and Everything Else

This week, The Food Institute’s CEO, Brian Choi, and Digital Media Director Susan Choi are attending the hottest trade show in North America – CES 2024, presented by the Consumer Technology Association. This year’s show …

FI Newscast (January 5, 2024) – Previewing CES 2024

Welcome to the FI Newscast! Each week, we note the latest industry trends and consumer insights, with guest appearances by the foremost industry experts. In this episode, we featured Brian Comiskey, the Director of Thematic ...

5 Retail Trends to Watch in the New Year

As the calendar turns toward a new year, many consumers continue to watch their budgets closely. And that factor is shaping retail strategies for 2024. “The average American family has eaten into the savings it …

AI, Automation and Growth Mindset Key to 2024 Plans

What do food companies need to do to ensure growth in 2024? While there’s no clear-cut answer, many appear focused on deploying artificial intelligence (AI) solutions, automating processes where possible, and maintaining an agile growth …

How F&B Companies Can Leverage Generative AI

Generative AI burst onto the scene this year as programs like ChatGPT, Bard, and Midjourney demonstrated the vast potential of this emerging technology. Many experts predict that generative AI will soon transform how businesses operate, making right now the perfect time to get ahead of the competition.

AI Chatbots Are Coming to a Food Delivery App Near You

The race to integrate AI chatbots into third-party food delivery apps is on, but major players like DoorDash and Uber Eats are holding their cards close to their chest, for now. Neither company has publicly …

4 Generative AI Tips from CPG Trailblazers

How is the food industry responding to the rapid advancement of generative artificial intelligence? The Food Institute gathered four takeaways from industry trailblazers at the recent Generative AI Food Pioneers Summit, hosted by food and …

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Report: AI Poised to be Business Boon

We haven’t quite hit the promise of HAL in “2001,” but generative artificial intelligence is poised to revolutionize nearly all aspects of business, including the food industry. A recent report from McKinsey & Co. predicts …

EVs Can Galvanize Farming and Agriculture

Today’s smart vehicles and robotics can do everything from operate autonomous implements in the field to monitor crucial silo volume and quality data, make precision adjustments to spraying and irrigation, and even assess crop and animal health. And that’s just scratching the surface.

How to Use Automation & Tech to Profit From Markdowns

For grocers, surplus food can lead to panic because they know that the longer products stay on the shelves, the less profit they yield. Many grocers still treat markdowns as an afterthought, however, which leaves …

New Technology Could Revolutionize Food-Allergen Testing

This article is sponsored and written by Allergenis. Over 32 million Americans have food allergies, including 1 in every 13 children – or approximately two in every classroom, according to foodallergy.org. As many as 60% ...

Smart-Voice Technology: Coming Soon, to a Drive-Thru Near You

In a world of fast-changing consumer demands, the classic fast-food drive-thru window is evolving. From doubling lanes to fully digital menu boards, restaurants have made all kinds of improvements to the drive-thru service. With technology …