Tag: Manufacturing
What’s on the Horizon for CPG Companies in 2024?
In 2023, we also saw a growing trend among consumers to adapt their buying habits to save money by trading down and prioritizing cost savings over quality, with 66% of consumers seeking out less expensive goods in 2023.
A New AI Era for Foodservice Distributors
As more distributors move to online ordering, organizing data is essential to providing operators with info like analytics. AI can help.
3 Key Cybersecurity Tactics for 2024
According to the 2022 Internet Crime Report by the FBI’s Internet Crime Complaint Center, the potential total loss from cybercrime in the U.S. increased from $6.9 billion in 2021 to more than $10.2 billion a year later. Current projections suggest that the cybercrime problem will only worsen.
Analysis: Automation Could Cure Labor Shortages in Manufacturing
Automation offers companies the opportunity to attract talent with the right skills and assign those skills to the most appropriate areas of the business.
In-Store Shopper Traffic Visibility Fuels New Growth Opportunities at Retail
SIRL’s mission is to build the most scalable, robust, accurate, and feature-rich Real-Time Location System (RTLS), and to broadly take this technology to a multitude of markets.
The Future of Liquid Packaging: Harnessing Automation in the Manufacturing Sector
The fast-paced evolution of technology has continuously redefined multiple sectors and the food manufacturing industry is no exception. One of the areas of innovation is in the liquid packaging processes. Liquid food products, whether sauces, …
FI Fast Break audio news: May 10, 2023
The latest Food Institute Fast Break news podcast touches on the latest in edible insects and much, much more.
FI Fast Break audio news: May 3, 2023
The latest Food Institute news podcast touches on the controversial “soup and shake diet.”
FI Fast Break audio news: April 26, 2023
The latest Food Institute news podcast touches on the uptick in alcohol purchases by consumers of late.
FI Fast Break audio news: April 19, 2023
The latest Food Institute news podcast touches on shrimp’s increasing value for restaurant chains.
FI Fast Break audio news: April 12, 2023
The latest Food Institute news podcast touches on the growing popularity of Asian food items like wagyu beef in America.
FI Fast Break audio news: April 5, 2023
The latest Food Institute news podcast touches on the trend of nostalgic breakfast products from brands like Lucky Charms.
COLUMN: Let’s Learn from the Demise of Freshly
The public markets (and strategic firms) aren’t kind to businesses that don’t make much money and then stop growing. The recent shutdown of Freshly shocked many of its consumers, but not those following the ~$6B …
Survey Reveals Four Ways Americans are Cutting Food Costs
Inflation is hitting Americans hard and is causing most to cut back everyday items. A recent survey from Attest proves that food and beverages are not immune to necessary cutbacks. Dr. Lin Carson, CEO of …
COLUMN: Honest Tea and the Challenge of Scaling New Brands at Public Companies
Earlier this year, Coca-Cola (KO) chose to shut down most of the Honest branded beverage business it had acquired from Seth Goldman years earlier. Shutting down an acquisition is a rare decision in CPG firms. …
Tattooed Chef Founder: Consumers Seek Ready-Made Plant-Based Foods
Tattooed Chef founder Sarah Galletti has noticed increasing demand for convenient, healthy, ready-made plant-based foods.
De-Platforming Your Brand for Exponential Growth
The Problem Top two investor questions for a consumer startup? 1) Do you have product-market fit yet? And 2) What is the platform? Building a platform brand right from the start is the strategy equivalent …
Food Retailers Rank High in Annual Reputable Companies Survey
Food companies turned out to be some of the most reputable companies in the eyes of Americans in this years’ Axios Harris Poll 100 survey which gauges the reputation of the most visible brands in …
Blackouts in the Forecast for Summer
The food industry should be on high alert this summer amid warnings from the North American Electric Corp. that high temperatures, drought and the prospects of extreme weather could contribute to blackouts across the continent. …
To Inflate or Not to Inflate Your Pricing
The best time to measure the privilege of being an iconic brand is any period of rapidly spiking inflation. The Consumer Price Index has jumped 8.5% in the last year alone. And the country’s most …
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. …
What’s Behind Hormel’s Success?
Hormel Foods International President Swen Neufeldt recently joined The Food Institute Podcast to discuss the company’s strong performance over the past several quarters, the resilience of its legacy brands, and the prospects for emerging plant-based lines. Below are highlights from …
FDA: Blockchain-Based Food Tracking Bound for Widespread Adoption
A new rule could boost blockchain-based food tracking. The rule, expected next November, would require the food industry to maintain records associated with the critical tracking events on the supply chain, according to Frank Yiannas, …
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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 …
FI Fast Break audio news: Jan. 5, 2022
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine the flexitarian movement, the rise of convenience stores, and more. The Food Institute Podcast · FI Fast Break News – Jan. 5, 2022 …
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. …
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 …
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. …
Demand for Plant-Based Foods Boosting Packaged Food Market
A consumer shift toward healthier lifestyles and packaging innovations are boosting demand for packaged foods in the U.S. In fact, the U.S. packaged food market size is expected to grow at a CAGR of 4.1% …
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 …
Supply Chain Update: Port Negotiations, Omicron Variant and Trucker Shortage
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 …
FI Fast Break audio news: Nov. 23, 2021
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 …
Can Oatly, the Latest Plant-Based Company to Miss Its Targets, Rebound?
Oatly Group AB shares fell nearly 21% on Monday after the plant-based dairy company reported a third-quarter revenue miss and issued a revenue warning for the year. The company, which had a net loss of $41.2 …