Tag: inflation > Page 3

Expert: Brands Must Consider Emotional Factors of Inflation

How will consumer behavior shift as prices climb amid inflation? Most c-suites – in food business, and beyond – are inadvertently approaching this question with a purely rational framing, evaluating the marketplace as if every …

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 …

Bacon Battles Soaring Inflation with Innovation

As record high prices put a damper on bacon sales, retailers and producers are leveraging innovation to help drive consumer engagement. Per IRI data, dollar sales for bacon totaled $6.4 billion in the week ending …

FI Fast Break audio news: April 27, 2022

This week, in The Food Institute’s quick-hitting, audio news podcast, we examine: the prospects of an economic recession, the Great Regret labor trend, and more. The Food Institute Podcast · FI Fast Break News – …

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 …

FI Fast Break audio news: April 27, 2022

This week, in The Food Institute’s quick-hitting, audio news podcast, we examine: the prospects of an economic recession, the Great Regret labor trend, and more. The Food Institute Podcast · FI Fast Break News – …

Analyzing Whole Foods Foot Traffic

A new report from Placer.ai, titled Placer Spotlight: Whole Foods’ Journey Since the Amazon Deal, takes a closer look at Whole Foods foot traffic data over the past several years. Here are some key takeaways: …

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 …

FI Fast Break audio news: April 13, 2022

This week, in The Food Institute’s quick-hitting, audio news podcast, we examine the expansion plans of both Beyond Meat and ADM. The Food Institute Podcast · FI Fast Break News – April 13, 2022 The …

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 …

CPG Food Brand Loyalty Taking Hit Amid Rising Inflation

With inflation raging, consumers are beginning to cut costs on everyday CPG food items. And as a result, brand loyalty is taking a hit. Private-label brands, after two pandemic years in which they lost market …

FI Fast Break audio news: April 6, 2022

This week, in The Food Institute’s quick-hitting, audio news podcast, we examine the keys to winning over inflation-weary shoppers and more. The Food Institute Podcast · FI Fast Break News – April 6, 2022 The …

Seafood Prices Spiking Amid Russian Sanctions

Sanctions against Russia for its invasion of Ukraine are hitting the supply of seafood in the U.S., sending prices higher. Data from IRI pegs fresh fish volume prices up 8.9% for the 52 weeks ended …

Can Meat Industry Maintain Record-Setting Sales?

The recently released 2022 Power of Meat report indicated pandemic-induced inflation sent meat prices soaring, with sales hitting a record $81.8 billion in 2021, an increase of 0.3% from the previous year. Those record sales …

Inflation Is Surging and Dollar Store Sales are Too

With inflation running at its highest level in four decades, consumers are pinching their pennies and looking to dollar stores to stretch tightening budgets. With inflation currently running at 7.5%, consumers are getting nervous about …

Russia Invasion of Ukraine to Push up Energy, Food Prices

The United States and its allies are escalating sanctions against Russia as a result of its invasion of Ukraine that could ripple through the world economy, aggravating inflation and supply chain issues, and prompting consumer …

How Much Inflation Can Consumers Handle?

Inflation at the grocery store continues to rise — and consumers are noticing. In fact, the CPI food at home index rose 7.4 percent over the last 12 months, according to The Bureau of Labor …

FI Fast Break audio news: Jan. 26, 2022

This week, in The Food Institute’s quick-hitting, audio news podcast, we examine Coca-Cola’s experiment with alcohol, Walmart’s investment in indoor farming, and more. The Food Institute Podcast · FI Fast Break News – Jan. 26, …

FI Fast Break audio news: Jan. 19, 2022

This week, in The Food Institute’s quick-hitting, audio news podcast, we examine the evolution of convenience stores, and provide an update on port backlogs. The Food Institute Podcast · FI Fast Break News – Jan. …

FI Fast Break audio news: Jan. 12, 2022

This week, in The Food Institute’s quick-hitting, audio news podcast, we examine projected food-cost increases, businesses’ “boomerang” employee issue, and more. The Food Institute Podcast · FI Fast Break News – Jan. 12, 2022 The …

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How Much Are People Willing to Pay for Cereal? 

A new report sheds light on just how much consumers are willing to pay for their favorite cereals in the current inflationary environment. Veylinx, a consumer insights platform that uses behavioral research to predict purchasing …

FI Fast Break audio news: Dec. 28, 2021

This week, in The Food Institute’s quick-hitting, audio news podcast, we examine the future of trade shows, the prospects for plant-based cheese, and more. The Food Institute Podcast · FI Fast Break News – Dec. …

Experts Weigh In on 2022 Inflation Outlook

With food more expensive than it has been in decades and inflation surging, business owners and consumers alike are worried about what the future holds. How high can prices go? When will inflation starts to ...

Consumers Continue to Spend Despite Drop in Economic Optimism

Consumers are making purchases at a record clip, but economic sentiment continues to wane. Spending across Bank of America’s network of debit and credit cards has surged — mainly in entertainment, travel, and restaurants — …

FI Fast Break audio news: Dec. 22, 2021

This week, in The Food Institute’s quick-hitting, audio news podcast, we break down predictions for food inflation and multiple labor disputes. The Food Institute Podcast · FI Fast Break News – Dec. 22, 2021 The …

Inflation Eating Away at Food Industry Profits

Americans are feeling the effects of the pandemic in their pocketbooks, with inflation rising at its fastest clip in four decades. This morning, the Labor Department reported that the Producer Price Index for final demand …

What’s Ahead In 2022?

The food and beverage industry has gone through tremendous change over the past 12 months. 2021 has shown us that this industry can adapt quickly and pivot in the face of adversity. But what lies ...

FI Fast Break audio news: Dec. 8, 2021

This week, in The Food Institute’s quick-hitting, audio news podcast, we examine New York City’s vaccination mandate, optimism within the fine-dining space, and more. The Food Institute Podcast · FI Fast Break News – Dec. …

FI Fast Break audio news: Dec. 1, 2021

This week, in The Food Institute’s quick-hitting, audio news podcast, we examine how restaurants are rethinking delivery, grocery chains’ big boost from Turkey Wednesday 2021, and more. The Food Institute Podcast · FI Fast Break …