$85 Million to the Clearance Bin – Is Magic Spoon Done?
Magic Spoon cereal is twice as expensive as most other name brands. Many regard its flavor as questionable and its better-for-you status isn’t as rock solid as consumers would like to believe.
Tag: inflation > Page 2
Food Producers, WIC Officers Recalibrate Offerings as Food Insecurity Hobbles Consumer Spending
Across the US, inflation-weary consumers continue to push back on years of price hikes, cooking from home or simply buying less to save more.
Easter Sticker Shock: Cocoa Prices Still Skyrocketing
How much money is the Easter candy market worth? Hold onto your Easter baskets – in the United States alone, 2024 Easter candy sales are expected to exceed $3.3 billion (Statista)
How Hormel and JM Smucker Are Beating the Market
It’s not hard to understand why these companies have found success in a challenging environment. These are comfort food manufacturers (among other things!) whose identities, infrastructure, and revenue are built upon foods people reach for when they’re feeling down, feeling squeezed, or both.
What’s on the Horizon for CPG Companies in 2024?
In 2023, we also saw a growing trend among consumers to adapt their buying habits to save money by trading down and prioritizing cost savings over quality, with 66% of consumers seeking out less expensive goods in 2023.
FI News Review (March 1, 2024) – Why Are Consumers Are Less Confident?
The Fiercest Battle in Retail: Foot Traffic, Trips, and Loyalty
EV charging stations outside, stores within stores inside, sprawling beauty sections, niche products, reimagined loyalty programs – the battle for foot traffic is cutthroat as the economy roars to life.
Dark Chocolate Outlook: Soaring Cost of Cocoa Challenges Candy Makers
Cocoa prices are nearly 65% higher than they were one year ago, and New York futures prices have hit a 46-year high.
PepsiCo Execs Express Optimism in Earnings Call
PepsiCo’s latest earnings call revealed net revenue of $91.5 billion for the fiscal year and $27.9 billion in Q4.
Poultry Power Meets Global Flavor
Chicken listings on restaurant menus have grown 6.4% in the past five years, outpacing the 4.7% of burgers and other beef-based items.
Unilever is a Cautionary Tale for U.S. Food Companies
On July 1, Hein Schumacher took over as chief executive officer of Unilever. His appointment followed a long search that brought him into the company from Dutch dairy co-op Royal FrieslandCampina, and his immediate mandate …
Grocery Prices, But Not Restaurant Meals, Predicted Lower in 2024
Beleaguered consumers received some good news last week with the USDA predicting reductions in grocery prices in 2024 and the U.N. Food and Agriculture Organization announcing its food price index is at the lowest level …
Is Self-Checkout a Consumer Terminator? Retail, Robots, and More in 2024
There’s also an interesting feedback loop occurring in American consumerism – the tighter the budget becomes, and the more stressed people feel, the more demands they have regarding how they’d like to be accommodated while shopping.
Burgernomics: Fast Food Inflation and an $18 Big Mac Combo
The recent uproar over a McDonald’s in Darien, Connecticut, that charged a whopping $17.59 for a Big Mac combo meal is more than just local news; it’s a snapshot of the changing economic landscape.
FI Fast Break audio news: Jan. 24, 2024
The latest Food Institute news podcast touches on a potential revival for virtual restaurant brands and ghost kitchens.
Analysis: What Argentina’s Raging Inflation Means for Latin America
Argentina is suffering its worst bout of inflation in more than three decades as citizens look to the nascent government of President Javier Milei to fix the problems created by decades of economic crisis. INDEC, …
FI Fast Break audio news: Jan. 17, 2024
The latest Food Institute Fast Break news podcast recaps the CES 2024 show in Las Vegas, Nevada, and more.
The Struggle is Real: Affording Groceries in America
Regardless of when costs come down, consumer behavior has been altered and shoppers will continue to look for the best savings in 2024.
FI Fast Break audio news: Nov. 22, 2023
The latest Food Institute Fast Break news podcast touches on PepsiCo’s bold plans for its convenient foods items.
Cash-Strapped Gen Z Faces Tough Holidays
In a telling report from Qualtrics, 28% of Gen Z and millennials say student loan repayments will make the holidays unaffordable this year.
Walmart Commits to Reducing Food Waste
In an era of increased greenwashing and many companies abandoning once-ambitious ESG plans altogether, Walmart appears to be making real strides toward helping reduce food waste, solve food deserts, and burnishing its worldwide brand a little more.
Consumers Are Changing How They Grocery Shop… Again
It’s no secret that consumers are dealing with a lot right now—emergency SNAP benefits ended, student loan payments restarted, and food inflation has persisted—putting many grocery consumers in a bind and ultimately changing how they …
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.
Three Consumer Mindsets Driving Fresh Grocery Sales
Despite easing inflation concerns, consumers are still preparing 85% of meals at home, which presents significant sales opportunities. In a recent webinar, Circana and FMI unpacked the three major mindsets driving today’s fresh grocery shoppers.
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FI Fast Break audio news: August 30, 2023
The latest Food Institute news podcast touches on big changes in the seafood industry around the world of late.
FI Fast Break audio news: August 23, 2023
The latest Food Institute news podcast touches on the Midwest heat wave’s potential impact on agriculture.
FI Fast Break audio news: August 16, 2023
The latest FI news podcast touches on Aldi’s big acquisition, which could shake up the grocery category in America.
FI Fast Break audio news: August 9, 2023
The latest FI news podcast touches on big changes occurring throughout the alcohol industry, as consumer habits evolve.
FI Fast Break audio news: August 2, 2023
This week’s Food Institute news podcast touches on the latest benefits that American employees tend to seek.
FI Fast Break audio news: July 26, 2023
The latest Food Institute news podcast touches on convenience stores’ big push to sell pizza throughout America.
Back-to-School Season Crunches Budgets
The average family back-to-school spend is $890.07, driven largely by the cost of electronics.
Sugarflation Frustration
The term “sugarflation” could soon become part of the global lexicon. Everything from candy and soft drinks to baked goods are likely to become more expensive in the second half of 2023 – sugar prices …
FI Fast Break audio news: July 19, 2023
The latest Food Institute news podcast touches on the future of cultivated meat products.
FI Fast Break audio news: July 12, 2023
The latest FI news podcast touches on private label’s huge year so far, plus the plant-based category’s sluggishness.
FI Fast Break audio news: July 5, 2023
The latest Food Institute news podcast touches on the big change of plans for world-renowned restaurant Noma.
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.