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.
“Tomorrow’s winners will vary how they generate demand across their portfolios, with mass activation for their biggest brands and more targeted treatment for niche and insurgent brands,” Kyle Weza, global co-lead and brand accelerator for Bain & Company, said in the report.
Critics and analysts alike are keen to understand who stands to benefit most from this technology – whether it will primarily serve Amazon’s interests by increasing sales and customer retention, or genuinely improve the consumer experience by offering more personalized and convenient shopping solutions.
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.
It comes down to how to make craft beer flavor and aroma become credible as a basic refreshment on occasions currently dominated by soft drinks. This is the real NA beverage battle the brand faces.
“Choose a future that puts people first – if we keep doing that, we can help people around the world live a better life. That’s what we want to do – that’s the world we want to help create.”
Sweet baked goods are a hotspot for indulgence-happy consumers, making convenient, sharable treats like cookies a prime target for plant-based innovation.
In terms of the beverage industry overall, this is a very smart play for McDonald’s and other brands will follow.
“Today’s warehouses often have the three D’s – they are dull, dusty, and dangerous…automation and simulation environments can support operators in performing their jobs more efficiently and in safer work environments.”
There is no new normal and innovation will continue to advance at lightning speed.
Blumenthal said one of the major positive shifts he had seen since the pandemic was an increased focus on collaboration across the foodservice continuum.
Anchin, a premier accounting, tax, and advisory firm serving the Food & Beverage and Beauty, Health and Wellness industries, hosted its “State of Food, Beverage and Beauty” in November.
An Innovation CoE is the creative engine of an organization, dedicated to spotting the next big trends, carving out new opportunities, and developing strategic, forward-thinking solutions.
Innovation isn’t accidental; companies that successfully innovate are rigorous and disciplined, according to SnackFutures’ Barbara Schandl.
The recent Digital Food and Beverage conference illustrated that first-party data and AI are fast becoming transformative tech drivers of industry evolution.
The latest FI news podcast touches on the latest in restaurant unionization efforts, along with a very innovative cultivated meat product.
The latest Food Institute news podcast touches on Amazon’s recent announcement of layoffs and its concerns in general.
The latest Food Institute news podcast touches on easing egg prices, and Gen Z’s penchant for spending despite inflation.
The latest Food Institute news podcast touches on a new poll revealing consumers’ favorite supermarket chains.
The latest FI news podcast touches on an innovative company that’s inserting pork and beef genes into soybeans and peas.
In 2008, Solomon Choi opened a New York City frozen yogurt shop, 16 Handles, and promptly turned it into a groundbreaking franchise with 40 locations worldwide.
Looking to meet rising consumer demand for sustainability, food and beverage companies are focusing on making their packaging more recyclable.
Innovation is making it easier for farmers to optimize efficiency. And with that in mind, new agricultural technologies are the focus of The Food Institute’s report this month, which will be available to members starting April 19 …
This article is written and sponsored by HSBC. Learn how regenerative agriculture is leading us to a more sustainable future According to Feeding America, in 2019, food insecurity in the US had reached its lowest point since …
As alt-meat technology continues to make innovative strides, recent investments by major industry players suggest the long-term potential of the cultivated, or lab-grown, meat sector. Last week, JBS announced plans to invest $100 million in …
Would you be willing to try a cup of coffee that had no coffee in it? Nope, it’s not a typo, this is real. Some companies are working on – and already have come up …
Coffee’s popularity in the U.S. shows no signs of slowing. More than half of Americans over 18 years old drink coffee daily, with the average coffee drinker consuming three cups of coffee per day, as …
