Restaurants Grapple with Rising Chicken Prices
Chicken is not as cheap as it used to be. USDA reported prices for skinned boneless chicken breasts in the Northeast region were ranging between $3.30 and $3.35 per lb. on May 4. Food Institute …
Tag: Foodservice > Page 7
As Inflation Rises, Consumers and Food Companies Pivot
It’s been four decades since consumers were slapped with a double whammy of rapidly rising food and gas prices. In the 1970s and early 1980s consumers coped by switching to generics, changing their diets, and …
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Kroger’s Restaurant Supply Business Could Disrupt Foodservice Distribution
Image courtesy of The Kroger Co. Kroger is trying its hand at foodservice distribution. The grocer recently launched a restaurant supply business that offers next-day delivery to businesses in the greater Dallas area. Kroger …
Are Consumers Ready for the Return of ‘Eatertainment’?
As the pandemic appears to subside, at least one major chain is banking on the return of experiential dining that includes entertainment options such as arcade games. Dave & Buster’s opened eyes in April when …
The Psychology of Food: A Deeper, Actionable Understanding of the Modern Consumer
Report: 40% of Consumers Buying Plant-Based Foods
Nearly half of consumers are buying plant-based products in 2022. A new report from Acosta found that 40 percent of consumers surveyed in March purchased plant-based protein and/or dairy alternatives within the last six months, …
Keys to the Restaurant Industry’s Revival
Bo Peabody discusses the prospects for the restaurant industry, New York City’s restaurant revival, and the importance of outdoor dining.
How Restaurants Can Retain Price-Conscious Consumers
A recent survey of middle-income households shows 57% anticipate buying fewer takeout and dine-in meals, reported Restaurant Business (April 20). At the same time, restaurants are struggling to keep prices in check. With these factors in …
Could a 4-Day Workweek Benefit the Food Industry?
Along with Henry Ford’s assembly line in 1926 was the introduction of the standard five-day workweek. And while it certainly remains the norm, some groups are beginning to challenge this time-tested schedule in pursuit of …
FI Live Replay: The Rebirth of Food Industry Co-ops
Watch the replay of The Food Institute’s recent livestream on the rebirth of food industry co-ops. With the rising concerns over the economy, the burdens of high-cost third-part delivery fees, and the general stresses of …
When Will Perfect Storm of Food Inflation Subside?
Call it a perfect storm: COVID led to labor shortages and supply chain issues and to fuel shortages, all of which contributed to inflation. Factor in Russia’s invasion of Ukraine and unpredictable weather, and food …
Why Restaurant Chain CEOs are Jumping Ship
While leadership changes are nothing new for restaurant chains, CEOs have been resigning in spades over the past two months, including departures from prominent brands like Starbucks, Dominos, Denny’s, Red Lobster, and Wingstop. What’s behind …
Another Wrinkle to Great Resignation: ‘Ghosting’ by Employees
The term “ghosting” is no longer exclusive to the dating world. A recent wrinkle has been added to the so-called Great Resignation that has seen many Americans leave their workplaces for what they perceive as …
Drone Deliveries to Take Flight by 2025 – at Steep Cost
We may not have George Jetson’s flying car quite yet, but we could soon be getting a significant amount of our deliveries by drone if Amazon and Chili’s have their way. Amazon has been talking …
Deli Prepared Foods Thriving Despite Inflationary Squeeze
As rampant inflation tightens its grip across the food industry, many consumers are cutting back on grocery staples and trading down to cheaper items. All the while, higher-ticket prepared food sales are soaring. Comparative unit …
Projecting the Plant-Based Future
Rapid Shutdowns for Rapid Delivery
When U.S. delivery startup Zero Grocery abruptly closed recently, it stunned northern California businesses that sold its products. Many were owed money and questioned what went wrong with the fast-growing startup, reported San Francisco Chronicle (March …
3 Keys for Successful Social Media Marketing
Food businesses are losing faith in Instagram following a change in its algorithm. The social media platform’s choice to prioritize videos over photos has created unforeseen costs for small businesses, leaving many owners frustrated, reported …
IFMA CEO: 3 Key Issues Likely to Drive Foodservice Forward
Phil Kafarakis knows the pandemic has created dire situations for many restaurants. At the same time, he’s also encouraged by the resilience displayed by many operators. “I think this pandemic gave people an opportunity to …
Make No ‘Mis-Steak’: Steakhouse Visits on the Rise
After two years of COVID-related limitations on indoor dining, one segment of the restaurant industry is surpassing pre-pandemic traffic figures: steakhouses. That’s according to a recent report from location analytics firm Placer.ai, which reported growth …
Report: QR Code Usage on the Rise for Young Consumers
One of the lasting pandemic-related changes in consumer behavior could be the adoption of the QR code, according to a new FoodBytes report from Datassential. A year ago, just a quarter of consumers had encountered …
TikTok is Becoming a Food Industry Influencer
Users sharing their food on social media is nothing new, but TikTok is taking the phenomenon to new heights. Earlier this week, the hashtag for “food” had garnered a whopping 268 billion views on the …
Probiotics: Consumer Perceptions and Opportunities
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Drive-Thrus Could Give Full-Service Chains New Opportunities for Growth
The drive-thru lane is no longer exclusive to fast-food chains. Applebee’s recently revealed it would be “aggressively” leaning into drive-thrus as it gets back to new unit growth, reported Forbes (March 3). The chain will …
Restaurant Sales Improve Following January Slump
After ten consecutive months of traffic gains, the U.S. restaurant industry’s recovery slowed in January, according to The NPD Group. However, things are looking up. OMICRON-INDUCED SLOW DOWN IN JANUARY The surge of the COVID-19 …
What’s Next in Pizza?
Consumers are getting more adventurous with their pizza. In fact, Slice’s 2022 Slice of The Union report indicates that three types of not-so-traditional pizza had their best year ever: Dairy-free pizza was 333% more popular New …
Will Restaurants Become the Focus at Malls?
For much of the 1980s and ‘90s, American malls were where seminal moments occurred in the lives of adolescents. They bought puppies at the basement pet store. They rented tuxedos for proms. And they socialized in …
What Do Consumers Want from Loyalty Programs?
Newsweek recently released its America’s Best Loyalty Programs 2022 list and several food brands stood out. In the grocery category, Kroger, Sprouts Farmers Market and Publix Super Markets landed the top spots, while Jersey Mike’s …
From Breakfast Staple to Gourmet Ingredient – Spreads Have Come a Long Way
This article is written and sponsored by Future Market Insights. Some time around 8000 B.C., among the rolling hills of ancient Africa, a dusty traveler made an accidental, yet incredible gastronomic discovery. The weary herdsman – …
Inaugural Protein & Plant Evolution™ Conference Announced
Interactive & Educational Conference Designed to Meet the Needs of Retailers, Foodservice Operators, Food Manufacturers, Investors, Financial Services and Policy Makers, Scheduled for June 1-3 February 16, 2022/FI Newswire/ – The Food Institute and The Lempert …
As Covid Restrictions Ease, What Should Restaurants Expect?
As states ease mask mandates, consumers remain wary of omicron and future variants. At the same, experts say businesses need to brace for an expected surge in demand in the second quarter. With that, the …
Leveraging AI in Plant-Based Innovation
NotCo CMO Flavia Buchmann explains how the company’s artificial intelligence helps with plant-based innovation.
Building a Plant-Based Future with Pea Protein
Former NFL player and PURIS CEO Tyler Lorenzen talks about how his father decided to focus on pea protein in 1985, and how it impacts the industry today.
Restaurant Sales Expected to Exceed Pre-Pandemic Levels in 2022
Things are looking up in the world of foodservice. Restaurant industry sales are expected to hit $898 billion this year, up from $864 billion in 2019, according to the National Restaurant Association’s State of the …
WATCH: Cutting Edge Food Tech Displayed at Winter Olympics
With the Winter Olympics underway this week, we’ve been getting a glimpse at some technological innovations used to feed the thousands of athletes in attendance. Robotic technology is helping serve athletes in Beijing, for example. …