While restaurant chains like McDonald’s have had notable swings and misses regarding AI, business leaders insist the technology offers invaluable uses to food companies, aiding personalized offers, sales forecasting, and more.
Restaurants can have a drive-up process even if they don’t have a traditional drive-thru setup.
A new study shows that hourly employees are demanding more recognition from their employers along with increasingly flexible schedules.
How do you sustain a business where customers are taken care of every step of the way? How do you deliver an end-to-end seamless and value-added experience for your customers, both direct and via digital …
CPG manufacturing platform Keychain has appointed Mitchell Madoff to Head of Retail Partnerships. The Foxtrot transplant and former Head of Whole Foods Private Label brings with him an extensive background in CPG and private label spanning over two decades.
Today’s retail workers are most eager to be equipped with tools that help them tackle inefficient tasks, particularly when interacting with customers.
Join The Food Institute at NRA’s 2024 Restaurant Show as we investigate the innovations of Raydiant, a company that provides digital tools for Restaurants. From digital menu boards to point-of-sale integration and even AI-triggered promotional …
Avocados From Mexico has made itself into a recognizable brand through things like numerous distribution deals to creative marketing. Join The Food Institute – on the ground at the National Restaurant Association’s 2024 restaurant show …
“The power of audio in retail goes beyond just music,” Elsley said. “Incorporating carefully crafted messaging and advertisements into the auditory experience can further enhance customer engagement and drive sales.”
In a few short years, retail will be a totally immersive and data-driven experience highlighted by personalized AI recommendations for health and home, smart carts to increase efficiency (and solve the traveling salesman’s dilemma in-store), and much more.
In an era defined by rapid technological advancement and environmental challenges, the concept of controlled environment agriculture (CEA) is at the forefront of a profound transformation in the agricultural sector.
To further understand how inventory and supply chain will change, Jarvis said the end of data silos must be achieved “to create a holistic understanding of each shopper, their interactions, and the stream of information being shared with them.
“By 2030, visiting a Target, Walmart, or Costco won’t just be about shopping,” said Diana Zheng, head of marketing at Stallion Express, a leading e-commerce shipping company from Canada, “It will be an experience. An immersive experience. A personalized experience, even a social experience.”
“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.
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.
The latest Food Institute Fast Break news podcast touches on the trend of “AI washing” by some major businesses.
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.
As more distributors move to online ordering, organizing data is essential to providing operators with info like analytics. AI can help.
The latest Food Institute Fast Break news podcast discusses the demise of a noteworthy plant-based seafood brand.
The latest Food Institute news podcast looks at AI’s potential impact on labor, based off a recent university study.
Note to restaurateurs looking to AI: If you’re going to use robots as servers, make sure the aisles between tables are wide enough to allow a robot and human to pass simultaneously. A few inches …
“Choose a future that puts people first – if we keep doing that, we can help people around the world live a better life. That’s what we want to do – that’s the world we want to help create.”
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.
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 …
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 …
“Today’s warehouses often have the three D’s – they are dull, dusty, and dangerous…automation and simulation environments can support operators in performing their jobs more efficiently and in safer work environments.”
There is no new normal and innovation will continue to advance at lightning speed.
Automation offers companies the opportunity to attract talent with the right skills and assign those skills to the most appropriate areas of the business.
LSEG analysts estimated Amazon’s advertising business will increase nearly $3 billion over last year’s fourth quarter to $14.2 billion as a result, Reuters reported.
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 …
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.
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 …
On a recent earnings call, Yum Brands announced its goal to make 100% of its global system sales digital transactions.
Inventory distortion due to out-of-stocks and overstocks is projected to cost retailers $1.77 trillion worldwide this year.
