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2022 Food Industry Trends to Watch
Plant-based. Frozen foods. Automation and AI. Which trends do you think will impact the food industry most in 2022?
Which Consumers Are Driving Food Delivery Growth?
New research on consumers who use food-delivery companies like UberEats, GrubHub and DoorDash indicates that today’s food-delivery customers tend to be young and wealthy. Virtual brand company Nextbite’s white paper revealed that 71% of survey …
Delivery Innovation Hitting Higher Gear, Especially in U.S.
Chicago residents in need of last-minute ingredients are in luck. Getir, the Turkish provider of ultrafast, 10-minute grocery delivery, started operations in the Windy City this week. The company, which was founded in Istanbul in …
Analysts: More Retailers Should Adopt Last-Mile Gig Delivery
In a recent Barclays conference call, a team of analysts discussed the success of gig delivery and how it could become a compelling offering for retailers. Here’s a look at the key takeaways from the …
Online Grocery and Delivery Companies Find Success Owning the Supply Chain
While Amsterdam-based e-grocery platform Picnic recently made headlines by raising $707 million in a Series D funding round led by the Bill & Melinda Gates Foundation, perhaps the bigger news is how Picnic and other food …
Delivery Landscape Changing as DoorDash, Rivals Go All in on Alcohol
As major companies are turning to alcohol delivery, they’ll face more regulation in New York City and perhaps beyond. Here’s a closer look at the issues at play: FOOD DELIVERY EXPANDS INTO ALCOHOL DELIVERY Food …
Barstool Sports Aims to Become Major Player in Virtual Kitchens
Dave Portnoy, founder of the pop culture site Barstool Sports, is jumping in on the virtual ghost kitchen trend, partnering with Planet Hollywood founder Robert Earl to launch a virtual restaurant concept built around the …
Report: Eating at Home Trend Here for the Long Haul
The COVID-19 pandemic simply accelerated Americans’ shift to a home-centric lifestyle, according to a new report by The NPD Group. But the tendency to largely hunker down at home was already apparent prior to the …
Loyalty Programs Gain in Food Industry; Grocers Align With Subscriptions
Loyalty programs continue to gain traction across the food industry as restaurants and retailers implement new offerings to capitalize on customer allegiance. The increase is widely tied to pandemic-induced spikes in digital commerce along with …
Robotics Emerging in Food Industry as Labor Shortage Persists
Are robots about to take over? A quick glance at headlines recently makes one wonder. Elon Musk recently unveiled plans for life-like humanoid robots designed to take over “boring” work from humans, for instance. Though …
New Albertsons Offering Illustrates Strong Demand for Online Shopping
Albertsons Cos. has begun piloting an Instacart-powered online grocery pickup service in six major cities. The new click-and-collect service, which is currently available in 40 stores, will work in tandem with Albertsons’ Drive Up & …
Walmart Makes Major Play in Last-Mile Delivery
Walmart plans to open up its in-house delivery platform, Spark Driver, to other businesses. The retailer is doing so to allow the independent contractors out delivering Walmart merchandise to make additional deliveries along the way, …
Online Delivery Boosts Prospects for Amazon Fresh
Since acquiring Whole Foods for $13.7 billion in 2017, Amazon has been looking to further expand into the $900 billion U.S. grocery industry through its Amazon Fresh stores. And, with online grocery delivery growing about …
Is 10 Minutes the New Gold Standard for Food Delivery?
Back in 1979, Domino’s launched a rather ambitious initiative: the chain promised customers they’d get their pizza delivered to their doorstop in 30 minutes or less. It made for great marketing and was excitedly embraced …
Uber Eats Makes Significant Inroads with Food Retailers
Consumers in over 400 cities can now have their groceries delivered by Uber. The company’s Uber Eats division recently partnered with 1,200 Albertsons-owned stores, as well as 25 Costco locations across Texas—marking Uber’s first pilot …
Instacart Advertising Business Poised for Strong Growth Under New CEO
Instacart is developing a media retail network ahead of its highly anticipated public offering and is positioned to raise ad revenue by 30% — or $700 million — in 2022, reported The Wall Street Journal …
Delivery Developments: Local Challengers, New Avenues, and Automation Increasing
As we approach the second half of 2021, the outlook for food delivery is starting to shift in a few noteworthy respects. NEW, LOCAL CHALLENGERS ENTER THE MARKET Big delivery apps including Uber, Grubhub, and …
Rapid Digital Convergence Propels Shift to Omnichannel Commerce
Pandemic pressure from consumers has supercharged e-commerce technology and triggered its rapid adoption, ultimately blurring the boundaries between traditional food categories like never before. The stage is now set for an omnichannel future wherein providers …
HelloFresh Outpacing Meal Kit Competition
Meal-kit supplier HelloFresh has enjoyed a notable uptick in popularity since the outset of the pandemic. And, even as COVID-19 vaccinations have increased and consumers have started to dine in restaurants more and increase their …
Analyst: Fresh Opportunities for Growth in Grocery E-Commerce
Grocery e-commerce spending increased by an eye-opening $26 billion in 2020. When the dust settled by year’s end, the 84% jump accounted for 9.5% of all U.S. food and beverage sales. According to a recent, …
FI Fast Break: May 13, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we break down the impact of inflation, oat milk’s surge in popularity, rising consumption of coffee, and more. The Food Institute Podcast · FI Fast …
Latest Delivery Innovations Bring Groceries to Your Garage, Fridge
Recent delivery innovations by Amazon, Kroger, and Walmart are bringing groceries beyond consumers’ doorstep. Sales from grocery deliveries surged throughout 2020 and demand for the service remains high. In February 2021, online grocery deliveries and …
FI Fast Break: May 6, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we break down record beef and pork exports, the persistent chicken wing shortage, Kroger’s new drone delivery program, and more. To listen, click the play/arrow …
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Foreseeable Future Appears Bright for Grocers
Online grocery usage has skyrocketed in recent years: 73% of consumers had purchased grocery items online within the last three months, compared to 17% in 2017, according to a survey by Power Reviews. Of course, …
Delivery Platforms Experiencing Upheaval
In many ways, the pandemic has been a boom time for third-party delivery platforms, which have benefited from consumers largely hunkering down at home and summoning dinners to their doorstep. But business is rapidly changing …
As More States Legalize Marijuana, What Does it Mean for the Food Industry?
New York and New Mexico are primed to join 15 other states in legalizing marijuana, which could have far-reaching implications for the food industry. NY & NM JOIN IN ON LEGALIZATION Shortly following legalization in …
Dining Off-Premises, Boosted During Pandemic, Looks Like It’s Here to Stay
Consumers are increasing their off-premises dinner purchases, according to the latest weekly survey from the National Restaurant Association. In the early spring 2021 period, Gen Xers and Baby Boomers have increased their weekly off-premises dinner …
It’s High Time for Cannabis Beverage and Delivery Companies Amid Legalization Efforts
With more states legalizing the use of marijuana, 2021 could be a big year for cannabis beverage and delivery companies. CANNABIS-INFUSED BEVERAGES GAINING TRACTION The global cannabis beverage market is estimated to grow at a CAGR of …
DoorDash Diversifies with Chowbotics Acquisition
After raising an eye-opening $3.4 billion in its IPO, DoorDash is spending its funds strategically. For starters, the delivery company is acquiring meal preparation startup Chowbotics. DoorDash’s revenue rose 226% year-over-year, to $1.92 billion, in …
Pandemic Inspiring Unique Partnerships Among Restaurants and Hotels
Hotel occupancy in the U.S. fell to a record low 44% in 2020, according to travel research firm STR. “2020 was a complete wash due to international travel restrictions amongst various countries and also within …
Will 2021 Be the Breakout Year for Meal Kits and Fresh Food?
The meal kit and fresh food segments have experienced tremendous growth over the course of the pandemic on a combination of limited dining-out options, families with little time to spare for preparing and cooking food, …
New Delivery Driver Protections Lead to Increased Prices in California
Uber customers in California will see higher prices for rides and food deliveries to cover new driver protections, reported CNN (Dec. 14). The flat fees, ranging from $0.30 to $2, will take effect on Dec. …
DoorDash Raises $3.4 Billion in IPO
DoorDash raised $3.4 billion in its IPO, making it the second highest IPO in 2020, according to Renaissance Capital. The IPO represents a year of massive growth for the food delivery company. In the first …
Online Grocery Sales Top $8B in November
U.S. online grocery sales reached $8.1 billion during November, continuing a trend of more than $8 billion in monthly sales dating back to May, according to the Brick Meets Click/Mercatus Grocery Shopping Survey. The survey …
Chicken Sandwiches Reigned Supreme in 2020 Delivery
Grubhub released its 2020 Year in Food report, analyzing what foods were most popular with diners this year. Consumers turned back to comfort foods and caffeine to get through the pandemic, turning away from vegan …