Coffee Innovations Hitting Higher Gear
Coffee’s popularity in the U.S. shows no signs of slowing. More than half of Americans over 18 years old drink coffee daily, with the average coffee drinker consuming three cups of coffee per day, as …
Tag: Food Manufacturing > Page 4
Worker Shortages Spurring Rash of Labor Unrest
Chronic labor shortages and mandatory overtime appear to be fueling union unrest as the economy bounces back from the pandemic, with workers realizing they aren’t as powerless as they once were. “With the pandemic and …
Labor Shortages Continue to Drive Supply Chain Woes
Massive supply chain disruptions continue to pervade the U.S. food sector, with labor challenges triggering shortages from raw materials and ingredients to packaged goods. Some of the largest U.S. food distributors, including United Natural Foods …
The Allure of Unconventional Food Mashups
Mac ‘n cheese ice cream and baked bean smoothies? Yes, believe it or not, those food items have become realities in 2021. And those are just a couple of the unusual food mashups that are …
The Current State of the U.S. Farmer
What’s the current state of the U.S. farmer? With historic heat, record droughts, and unprecedented supply chain problems, The Food Institute Podcast invited Wells Fargo agricultural economist Dr. Michael J. Swanson to discuss market conditions, …
Food Industry Financials: GenZ Unemployment, McCormick, and more
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: Gen Z Unemployment, Robinhood and new generation of investors, earnings from McCormick (MKC), …
IRI Analysis: CPG Demand Patterns Shift as Economy Reopens
Consumers resuming active lifestyles are still maintaining at-home habits, according to a new IRI report highlighting key trends and growth opportunities for CPG manufacturers and retailers. In April, food and beverage sales for at-home consumption …
Navigating an Unprecedented Supply Chain
How is Camerican International navigating an unprecedented supply chain? While many looked forward to the post-COVID era, supply chain bottlenecks are complicating efforts for food importers who are contending with companies bringing in higher-margin goods …
Avocado Volumes on the Rise While Prices Decline
While Americans are paying more for everything from lumber to computer parts, and with most of the food industry contending with price increases, one surprising exception can be found: avocados. While often considered one of …
FI Fast Break news: June 10, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we break down QSR menu price hikes, alt-meat’s ascent, and the so-called “meme-stock” trend that’s starting to impact restaurant chains. The Food Institute Podcast · …
BREAKING NEWS: Campbell Reports Third-Quarter Fiscal 2021 Results
Campbell’s Soup released its third-quarter results and updated full-year guidance this morning. Shares of the company (Ticker: CPB) are trading down close to 7% pre-market as of 8am ET as investors react to the results: Net …
Can Innovation Preserve Instant Soup’s Popularity?
The instant soup segment is at a crossroads of sorts. The global soup market is projected to reach $21 billion by 2027, exhibiting a compound annual growth rate (CAGR) of 2.7% for the forecast period, …
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 …
Key Ingredient in Pet Food’s Brave New World: Cell-Cultured Meat
In 2021, demand has been intense for pet food. And it makes sense, considering Americans are pampering pets like never before. Consider: adoption rates at U.S. animal shelters jumped as much as 40% in 2020 …
FI Fast Break: June 3, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we break down the JBS cyber attack, Tesla’s reported restaurant plans, and the abrupt departure of Tyson’s CEO. The Food Institute Podcast · FI Fast …
Survey Shows Plant-Based, ESG Topics Important to Emerging Gen Z Food Leaders
Like the Millennials before them, the buying habits of Generation Z (defined broadly as those born between the mid-to-late 1990s and the early 2010s) are coming into focus for food industry manufacturers, retailers, and marketers. …
Chipotle Leading Sustainable Packaging Trend
Chipotle’s half-decade commitment to sustainability largely serves as a blueprint for the foodservice segment. In 2018, Chipotle announced that, by the year 2020, the fast-casual chain aimed to divert half of all of its restaurant …
Customer Development Strategies in a Post-Pandemic Environment
Drought Update: West Coast, Midwest Water Supplies Dwindle
Editor’s Note: This is an update to The Food Institute’s April article “Is the U.S. Facing a Megadrought?” Central Valley Farmers to Get No Allocation Farmers in California’s Central Valley Project will get none of …
Outlook Bright for Non-Alcoholic Beverage Market
The mindful drinking movement has been gaining traction for several years, with “sober curious” consumers opting for no- or low- alternatives to reduce their alcohol intake. Throughout the pandemic, demand for non-alcoholic beers, wines, and spirits increased, with consumers drinking most frequently while relaxing at …
Study: CEO Salaries Soared Even as Profits Fell During Pandemic
As 20 million U.S. workers lost their jobs last year and most businesses shut down because of the pandemic, many of the nation’s CEOs saw their compensation rise despite massive corporate losses. “Many of these …
How the Health & Wellness Trend is Impacting CPGs
Cinco de Mayo 2021 Highlights Thriving Avocado Market
Nothing says Cinco de Mayo like tacos and guacamole, and this year avocados appear to be plentiful – at least in the near term. Some 100 million Americans are expected to celebrate Cinco de Mayo, …
FI Fast Break: April 30, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we break down the latest innovations in plant-based protein, a predicted slump for delivery apps, millennials’ favorite brands, and more. To listen, click the play/arrow button …
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Advocates Applaud FASTER Act, Recognition of Sesame Allergy
Most everyone is aware of milk, wheat and peanut allergies, but sesame? About 1.5 million Americans may be allergic to sesame, some of the 32 million Americans who suffer from potentially deadly food allergies overall. …
Supply Chain Update: California Shipping Logjam Finally Easing
A persistent kink in the global supply chain is getting straightened out – slowly, but relatively surely. The backlog at southern California ports appears to finally be easing, even as imports continue to flood into …
Here’s the Scoop: Vegan Ice Cream Market Surging
According to a study conducted by Allied Market Research (June 2020), the non-dairy ice cream market was valued at roughly $520 million in 2019 and is growing at a compound annual growth rate of 13.7%. …
Study: Ranchers Can Reduce Livestock’s GHG Emissions by 50%
Cattle produce approximately 78% of total livestock greenhouse gas emissions and are responsible for 14%–18% of human GHG. But, according to a recent report by Global Change Biology, ranchers who focus on changes to their agriculture production …
Tofurky Case Stoking Alt-Meat Labeling Debate
A federal appellate court has ruled a state law that prohibits companies from marketing alternative protein products as meat does not violate free speech rights, but it begs the question of whether consumers really would …
Increasing Sales through Connected TV and Display Ads
Increasing sales through connected TV and display ads may seem difficult during a pandemic, but that’s precisely what Filippo Berio and Valassis set out to do. In this episode of the Food Institute Podcast, Filippo …
Today’s Animal Lovers Especially Attuned to Pet Food Recalls
Pet food recalls have become a concern for pet owners across the U.S. On Dec. 30, 2020, Midwestern Pet Foods announced a recall of Sportmix pet food products after the FDA received reports of dozens …
Why Essentia’s Growth and Exit is a Critical Model for Strategics and Smart Investors
Many investors are chasing the next RX Bar deal. They scan trade PR, follow Bevnet, and angle in aggressively on the latest fad-driven startups. When these folks approach founders, they like to pressure the founder …
A Bright Future for BrightFarms
There’s a bright future for BrightFarms. Abby Prior, the company’s senior vice president of sales and marketing, joins the Food Institute Podcast to discuss the company’s growth plans in 2021. Additionally, Prior shares her own …
Trying Year Ahead for Texas Farmers After Staggering Storm Damages
Agriculture-related losses from the recent winter storm in Texas are estimated to total at least $600 million, according to the Texas A&M University AgriLife Extension Service, reported The New York Times (March 4). Here’s a breakdown …
Breaking Down Bill Gates’ Synthetic-Beef Climate Solution
Microsoft cofounder and philanthropist Bill Gates recently proposed that shifting beef consumption in wealthier countries to 100% synthetic alternatives could significantly reduce carbon emissions in the long term, reported MIT Technology Review (Feb. 14). But …
Vertical Farming Will Be Key for Supporting Sustainable Produce
Fruit and vegetable production, like all agricultural practices, must adapt to climate change. That is, producers – already experiencing soil depletion and water supply issues – will also have to contend with severe weather disruptions …