FI Fast Break audio news: Feb. 14, 2024
The latest Food Institute Fast Break news podcast discusses the demise of a noteworthy plant-based seafood brand.
Tag: AI > Page 2
FI Fast Break audio news: Feb. 1, 2024
The latest Food Institute news podcast looks at AI’s potential impact on labor, based off a recent university study.
Study: The AI Revolution Within F&B Industry Could Take a While
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 …
Walmart Defines Adaptive Retail, the Next Evolution in Shopping
“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.”
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
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 …
2024 Tech & Digital Trends in Restaurant & Retail, Part 2: The Cold Chain
“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.”
2024 Tech & Digital Trends in Restaurant & Retail: Part 1
There is no new normal and innovation will continue to advance at lightning speed.
Analysis: Automation Could Cure Labor Shortages in Manufacturing
Automation offers companies the opportunity to attract talent with the right skills and assign those skills to the most appropriate areas of the business.
How the Food Industry Can Use AI to Improve Holiday Sales
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.
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 …
What Will 100% Digital Sales at Fast-Food Chains Look Like?
On a recent earnings call, Yum Brands announced its goal to make 100% of its global system sales digital transactions.
Why Inventory Distortion Costs Retailers Trillions
Inventory distortion due to out-of-stocks and overstocks is projected to cost retailers $1.77 trillion worldwide this year.
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 …
FI Fast Break audio news: June 28, 2023
The latest Food Institute news podcast touches on the rebirth of America’s buffet restaurants and much more.
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.
Generative AI Sets the Stage for Digital Grocery’s Evolution
Generative AI has the potential to revolutionize grocers’ entire ecosystem, especially online—if they know how to utilize the technology.
Emerging Tech a Hot Topic at Digital Food & Beverage 2023
The recent Digital Food and Beverage conference illustrated that first-party data and AI are fast becoming transformative tech drivers of industry evolution.
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 …
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New Technology Could Revolutionize Food-Allergen Testing
The Future of AI and the Food Industry
The future of the food industry is coming into focus as artificial intelligence (AI) grows increasingly popular.
Is AI the Future of Grocery Customer Service?
AI is the future of food retail. A recent study found that the global AI-in-retail market was worth $8.4 billion in 2022 and will jump to nearly $46 billion by 2032.
Video Analytics Reshaping Supermarket Experience
Experts believe that video analytics will soon define grocery, from checkout-free shopping to efficient stocking.
CEO: Grocers Benefit from Sharing Key Data with CPG Partners
Both grocers and their CPG partners are feeling the impact of an uncertain economy and sharing data can be mutually beneficial.
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 …
Out-of-Stocks Cost Grocery Retailers Billions
Smart data and inventory management solutions can help account for lost revenue and even provide further sales opportunities.
AI Becoming Key to Customer Retention
As many shoppers trade down brands in the wake of rising inflation these days, what retailers need to do to attract these customers differs based on their usual value proposition.
Will AI Ordering Go Mainstream at Restaurants?
In response to labor shortages, some restaurants are turning to AI-powered bots that answer phones and communicate with customers.
Food Innovations Center Stage at Recent CES Show
The highly anticipated Consumer Electronics Show in Las Vegas had a decidedly different feel this year. The trade show, which wrapped up January 8, was significantly smaller than pre-pandemic days and featured multiple Covid precautions. …
Acquisitions Driving Autonomous Farming Movement Forward
Acquisitions are quickly changing the face of the so-called “smart farming” landscape. The latest example of that evolution comes via Fieldin, the world’s largest smart farm operations management company, which recently acquired agricultural autonomous driving company …
How Companies Can Leverage AI and IoT to Enhance Supply Chain Management
This article is sponsored and written by RSM US LLP. There are tremendous opportunities for growth in the food and beverage industry, especially for brands able to harness the power of technology to enhance supply …