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 …
Tag: inflation > Page 5
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 …
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 …
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 …
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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 …
Skyrocketing German Grocery Prices Seen on Soaring Inflation
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 …
Consumer Purchasing Behavior Appears to Be Unchanged Despite Inflation Woes
Inflation is still a major concern for consumers, but it’s not stopping them from spending. INFLATION A CONCERN FOR 9 OF 10 AMERICANS Almost 90 percent of all adults in the U.S. are concerned 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 …
Poll: Americans Bracing for More Inflation as CPG Prices Rise
Nearly eight in 10 Americans expect inflation to persist over the next six months—and they’re probably right. Half even anticipate it to increase “a lot,” while 78% expect interest rates to rise, according to a …
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 …