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 …
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. …
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 — …
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 …
The National Retail Federation says the holiday-shopping season appears to be on track to exceed its sales growth forecast of between 8.5% and 10.5%, reported ABC News (Dec. 20). However, with four in 10 Americans …
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 …
Despite a potential shortage of chicken tenders, dollar sales of chicken products at supermarkets and poultry slaughter remained relatively stable year-over year. Chicken Tenders in Short Supply Picky eaters may have something to cry “fowl” …
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. …
Global food prices are at their highest in a decade, according to the United Nations’ Food and Agriculture Organization (FAO). In November, the FAO’s food price index climbed for a fourth straight month, rising 1.6 …
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 …
Amid surging inflation and a new coronavirus variant, here’s an update on what’s happening across the supply chain. LABOR TALKS AT WEST COAST PORTS West Coast port facility operators will open negotiations with the International …
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine the “Strikesgiving” trend, Thanksgiving shopping projections, and more. The Food Institute Podcast · FI Fast Break News – Nov. 23, 2021 The FI …
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine rising food prices, the so-called “shroom boom,” and more. The Food Institute Podcast · FI Fast Break News – Nov. 17, 2021 The …
During CPG Growth Strategies in an Inflationary 2022 – a recent webinar presented by IRI and RBC Capital Markets – experts noted what to expect in the months ahead regarding food prices, the labor pool, …
(Updated Nov. 11, 2021 with Sysco Q3 numbers) Prices for supplies from foodservice distribution giants US Foods and Sysco rose 11.5% and 13.4% respectively during the third quarter but had little effect on soaring demand …
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine changing consumer purchasing habits, the lunch day-part’s recovery at restaurants, and more. The Food Institute Podcast · FI Fast Break News – Nov. …
Following a year of supply chain issues and inflation, Thanksgiving dinner could look a little different—and more expensive—this year. Consumer Reports found that turkey prices could go up anywhere from 10 to 15% this holiday …
Prior to last year, David Portalatin noticed it all the time. In his hometown of Houston, restaurant customers sought “Instagrammable moments,” in which they snapped photos of tasty-looking food and friends with whom they were …
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine encouraging holiday retail sales news, and update trucking delays. The Food Institute Podcast · FI Fast Break News – Nov. 3, 2021 The …
Overall CPI rose 0.4% in September, slightly ahead of estimates of 0.3%, with the indexes for food and shelter contributing to more than half of the monthly increase. The food price index climbed 0.8%, with …
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine inflation’s impact on major CPG companies and more. The Food Institute Podcast · FI Fast Break News – Oct. 20, 2021 The FI Fast …
Food inflation is approaching pivotal levels in the U.S., with prices for food consumed in the home increasing 4.5% in September compared with the same month of 2020. As input costs continue to rise, more …
On a recent earnings call, Kroger CFO Gary Millerchip said the retailer will be “passing along higher cost to the customer where it makes sense to do so.” The CFO acknowledged the company’s facing pressures …
As pandemic restrictions eased, pent-up consumer demand kept inflation elevated. In July, the overall consumer price index (CPI) rose 0.5%, a somewhat moderate gain relative to recent increases. Yet, over the past 12 months, price …
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine how consumers are stocking their pantries due to the Delta variant, the restaurant industry’s recovery, and more. The Food Institute Podcast · FI …
The restaurant industry continued to regain its financial footing in June, but the pandemic aftershocks have yet to subside. “The industry right now is extremely strong and is surging. For many operators, they have more business …
This week, in The Food Institute’s quick-hitting, audio news podcast, we break down the surging prices of both seafood and coffee, vaccination requirements in California, and new unemployment statistics. The Food Institute Podcast · FI …
Extreme weather and supply chain issues have impacted prices for the vast majority of commodities in 2021, ranging from lumber to corn. Until recently, coffee (and avocados) seemed to be surviving in an inflationary market …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: higher inflation and COVID-19 infection rates, public health policy changes, vaccine passport, the …
With inflation on the rise, major CPG companies are projecting price increases. Here are a few of the top brands to announce such pending hikes: UNILEVER After already raising prices 1.6% in the second quarter, …
This week, in The Food Institute’s quick-hitting, audio news podcast, we break down the major ingredient shortages multiple QSRs are dealing with, the growth of online grocery shopping, and the future of alternative seafood. The …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: an interview with Wells Fargo agricultural economist Dr. Michael J. Swanson on a …
Among the factors behind soaring agricultural commodity prices this past year has been China’s food imports and its efforts to boost food security. And while pandemic-related supply constraints among exporters grabbed headlines, China has been …
Inflation is affecting prices across the food continuum, and meat is no exception. Meat prices were up in the first two quarters of the year when compared to both 2020 and 2019, according to analysis …
