Thanksgiving 2023: Expect Expensive Meals
Food manufacturers have seen their profits fall in the past year, forcing them to pass along increases for raw materials, energy, transportation, and packaging.
Tag: Holidays
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.
FI Fast Break audio news: Nov. 8, 2023
The latest Fast Break Food Institute news podcast touches on the notable dip in grocery-store coffee sales of late.
Mallwalking, Food Courts, and Retail Are Back
E-commerce has not only failed to kill the great American retail experience but is helping it thrive as sales associates and vendors large and small are using the omnichannel to attract customers, enhance sales, and reduce customer acquisition costs.
FI Fast Break audio news: Nov. 1, 2023
The latest Fast Break Food Institute news podcast touches on “The Ozempic Effect” on the food and beverage industry.
FI Fast Break audio news: Oct. 25, 2023
The latest FI Fast Break news podcast touches on the growing popularity of food halls in an around American malls.
FI Fast Break audio news: Oct. 18, 2023
The latest Food Institute news podcast touches on the push for $25 per hour among employees at a major U.S. restaurant chain.
FI Fast Break audio news: Sept. 20, 2023
The latest Food Institute news podcast touches on unfortunate news for a pair of alt-meat startups.
FI Fast Break audio news: Dec. 28, 2022
The latest Food Institute news podcast touches on the recent uptick of work-hour safety infractions at restaurants.
FI Fast Break audio news: Nov. 30, 2022
The latest Food Institute news podcast touches on trends to watch for 2023, including … pickle slushies?!
FI Fast Break audio news: Nov. 23, 2022
The latest FI news podcast touches on the rising demand for ingredients like chocolate within the ice cream industry.
FI Fast Break audio news: Nov. 16, 2022
The latest FI news podcast updates the push toward automation throughout multiple elements of the food industry.
6 Tips to Withstand a Recession
The Food Institute spoke with food industry executives to determine their strategies to withstand a coming recession.
Uber Exec: On-Demand Delivery Requires Grocers to Consider Holidays, Loyalty
Grocers have been speeding up delivery, and on-demand is becoming a vital part of every delivery program. Shoppers who have become used to groceries arriving on their doorstep now expect that option to be available …
STUDY: Consumers Growing Increasingly Cautious and Price Sensitive
A newly released study conducted by Vericast indicates consumers are leaving brands that aren’t perceived to offer value. The 2021 Deals & Coupons Report conducted by the marketing solutions company reveals that consumers are increasingly …
Major Retailers Begin Intense Hiring Push
The retail industry is hiring at a record pace. In June, the industry saw 1.1 million job openings even after more than 1.1 million workers got hired in a massive hiring spree, reported NPR (Aug. 26). Still, employment …
Higher Food Prices, Lower Inventory Expected Through Holidays
According to industry experts, consumers can expect to see higher prices in the last quarter of this year in several grocery categories. Ingredient suppliers are seeing longer lead times because of issues like labor shortages …
Americans Plan to Spend Less During the Holidays
Almost 40% of Americans plan to spend less on gifts this holiday season, according to a CNBC economic survey. The average U.S. citizen plans to spend $886, down 10% from a year ago, as the …
Will Consumers Be Attracted to Buy Restaurant Gift Cards this Holiday Season?
Weak gift card sales could be an obstacle to full recovery for restaurant chains, reported The Wall Street Journal (Dec. 1). As COVID-19 cases rise, more restrictions are being placed on restaurants and less people …
Grocers Prepare for a Second COVID Wave During Holidays
Grocers and suppliers feel more prepared for a second surge of COVID-19, reported The Boston Globe (Oct. 19). Most grocers and wholesalers began stockpiling items that were popular during the first wave of shutdowns. Some …
How Coronavirus, the Election, and Holidays are Impacting Spending Habits
Although shoppers have been primarily driven to make grocery purchases based on health and safety concerns during the pandemic, a second layer of consumption behavior has been emerging from those experiencing financial restraint, according to …