FI Fast Break audio news: Aug. 17, 2022
The latest Food Institute news podcast touches on what’s next in vertical farming, and Maple Leaf Foods’ plant-based plans.
Tag: inflation > Page 5
7-Eleven’s Recent Acquisition Could Reshape Delivery Space
7-Eleven’s recent acquisition of start-up Skipcart offers the convenience store chain many future opportunities, a consultant said.
IRI: Consumers Seeking Bargains Amid Inflation
Grocery shoppers are on the hunt for deals with food-at-home prices rising 14.4% year-over-year as of July 31.
Analysis: Why Demand for Cold Storage is Sky High
The food industry feels cold storage space helps hedge against volatile agriculture prices, but such space is in short supply of late.
FI Fast Break audio news: Aug. 10, 2022
The latest Food Institute news podcast touches on the spike in prices of breakfast items like eggs.
Discount Stores Continue to Dominate Amid Inflation
Dollar General has increased its sales forecast as Americans have increasingly turned to discount chains amid inflation.
Placer.ai Exec Notes Retailers Becoming Media Networks
Retail media networks are emerging as inflation, shifts in consumer behavior, and increasing cost pressures change the future of food retail.
Concerns About Discretionary Spending Jolt Coffee Chains
Consumer concerns about discretionary spending pushed Dunkin’ Donuts and Starbucks traffic lower in June, new data show.
Survey: Amid Inflation, Consumers Changing Deep-Seated Habits
Sixty-one percent of shoppers in a Vericast survey said that one of their biggest challenges this year is rising price.
FI Fast Break audio news: July 27, 2022
The most recent FI Fast Break news podcast touches on the evolution of the food hall concept.
Tracking Consumer Patterns as CPG Prices Rise
How are consumers changing consumption patterns as inflation pushes CPG prices higher? Ibotta EVP of RevenueChris Jensen discusses.
Food Inflation – What’s in Store for 2022 & Beyond?
FI Fast Break audio news: July 20, 2022
This week, in The Food Institute’s quick-hitting, audio news podcast, we update worsening drought conditions in the U.S. and Europe. The Food Institute Podcast · FI Fast Break News – July 20, 2022 The FI …
Restaurants Grow More Concerned About Economy
Despite some positive indicators, an increasing number of restaurant operators are growing more concerned about inflation and the prospects for the economy. Employment in the restaurant industry and overall economy continued to rise at a …
Gen Z Among the Hardest Hit By Food Insecurity
Food insecurity is a growing global problem, and within the U.S., Gen Z is among the hardest hit. That’s according to Purdue University’s Consumer Foods Insight report, which reported 30% of Gen Z adults had …
FI Fast Break audio news: July 13, 2022
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine food companies’ sustainability initiatives, growing economic pessimism, and more. The Food Institute Podcast · FI Fast Break News – July 13, 2022 The …
High Food Prices Could Persist for Three More Years
Russia’s invasion of Ukraine, fertilizer shortages, and poor weather conditions across the globe, are playing havoc with global food supplies, leading to projections that food prices will remain high for years. Additionally, global food security …
Rising Inflation Inspires C-Store Innovation
Add convenience stores to the growing list of businesses slammed by skyrocketing gasoline prices. Fifty-nine percent of convenience retailers say customer traffic has decreased in stores over the past three months, according to the Q3 2022 …
Inflation Pushing Up Costs for Independence Day Cookouts
The price for a typical Fourth of July cookout could be 11% to 17% higher than a year ago, depending on what’s in your basket. That’s according to recent reports from Wells Fargo and the …
Atalanta’s DeMaio on the Importance of Innovative, Cost-Effective Products
NEW YORK CITY – As Marissa DeMaio provided a tour of Atalanta Corp.’s event booth at last week’s Specialty Food Association Summer Fancy Food Show, she noted that smoked food products, like cheeses, are “on …
Rising Gas Prices Prompt Changes in Shopping Habits
With gasoline prices topping $6 a gallon in some parts of the U.S., consumers have been rethinking their shopping habits, opting against multiple trips and turning to superstores and online solutions to cut down on …
Meal Kit Services Pivot as Pandemic Eases
Despite stronger sales earlier in the pandemic, the meal kit industry still has room to grow, with Statista projecting the U.S. market to reach more than $10 billion by 2024, compared to $6.9 billion in …
Analysts: Expect Continued Demand for Eggs Despite High Prices
Consumer demand for shell eggs should remain strong in the near-term despite year-over-year price increases, due in part to the value proposition eggs provide for consumers searching for protein options, according to industry analysts. Eggs …
Plant-Based, Environment Top Issues in FI’s Emerging Food Leaders Survey
Plant-based products and environmental concerns are top-of-mind for the next generation of food industry leaders, according to The Food Institute’s 2022 Emerging Food Leaders Survey. But first, let’s rehash a little history. We started our …
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Building Private Label Value Beyond the Price Tag
As consumer spending buckles under the weight of inflation, store brands must work harder than ever to capture market share. In first quarter of 2022, consumers across all outlets were spending more but buying less …
Consumer Spending Shifts as Recession Warnings Loom
With COVID and Russia’s invasion of Ukraine buffeting supply chains, food availability and energy prices, economists are warning of dire times ahead as consumers shift spending patterns to cope with inflation. JPMorgan Chase & Co. …
3 Tips for Grocers on Beating Inflationary Heat This Summer
From center store basics to fresh perimeter, inflation is high and holding across retail grocery. The price per unit across all foods and beverages in the IRI-measured multi-outlet stores increased to 10.7% in the four …
Experts Weigh In on Prospects for At-Home Dining
As pandemic concerns ease and consumer mobility returns, how will the dine-at-home category evolve against the backdrop of surging inflation? Last quarter, City National Bank Managing Director Eric Viergutz and RBC Capital Markets Managing Director Nik Modi joined The …
Analysis: How Severely Will Inflation Impact Small Restaurants?
Half of all small business owners and nearly three-quarters of restaurateurs fear inflation will drive them out of business this year, the Alignable Small Business Inflation Poll indicates. “It’s the mom-and-pop diners and the small, …
Predicted Increase in Travel Could Benefit QSRs
U.S. gas prices breached $4 per gallon in every state in March, according to AAA, while JP Morgan predicts they could surpass $6 by the end of the summer. Regardless, after two years of COVID …
Keys to Combatting Inflation for Grocers
Inflation is causing shoppers to rethink their buying journeys, which has made price a more important factor than ever. That is affecting how shoppers both plan and execute their supermarket trips, and grocers must start …
No Shortage of Shortages as Supply Chain Issues Persist
As supply chain problems persist, there’s no shortage of shortages these days. A baby formula shortage has become wide ranging, for example, with a current out-of-stock rate of 40%, up from 31% in early April. …
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 …
Fresh Berry Category Ripe for Summertime Success
Berries were a powerhouse throughout the pandemic and the category continues to thrive as convenience and nutritional appeal keep consumers coming back for more. According to an April report by IRI, fresh berries are the …
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 …