Placer.ai Exec: How Grocers Must Evolve in 2023
The grocery space has been upended over the past three years and leaders must face new challenges with patience, according to Placer.ai’s Retail Trends Forecast 2023 report.
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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 …
Experts’ Top 3 Flavor Trends to Watch in 2023
New flavor trends are emerging at the intersection of persistent food inflation and pent-up consumer demand leftover from COVID lockdowns.
Survey: Tracking Gen Z Food Preferences
Here are key stats on what, and where, Gen Z is eating these days, according to Piper Sandler’s Fall Taking Stock with Teens survey.
Gen Z Expert: Authenticity Key to Effective Influencer Endorsements
Six months into the Kim Kardashian Chief Taste Consultant experiment for Beyond Meat, the stock is trading lower than ever. In today’s truth- and value-centered market, do influencer endorsements help or hinder a product?
QSRs Lamenting ‘Line Balk’ Trend
Much like remote working and zoom conferencing, long waits at the drive-thru line are a pandemic vestige that just won’t go away. And that’s causing line balk among consumers. As COVID-19 took hold in the …
Recession Still Looms as a Risk to F&B Stocks
Many investors believe that food and beverage stocks are safe places in which to hide when the stock market turns towards recession. That belief centers on a simple thesis: people still have to eat. The …
Amid Labor Shortage, Gen Z Demanding ‘EWA’ Pay
Companies like McDonald’s are allowing workers to access hourly pay on demand in the hopes of shoring up the ongoing labor shortage.
Analysis: After McPlant Struggles, What’s Next for Beyond Meat?
Beyond Meat shares made a slight recovery after falling on news McDonald’s may ditch its McPlant burger amid tepid results.
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 …
Plant-Based Meat Growth Expected to Continue Despite Obstacles
The plant-based meat category is experiencing some growing pains. Through the early weeks of the pandemic, alt-meat sales grew some 200% at retail outlets, and the hype around that helped the category secure more than …
FI Fast Break audio news: May 18, 2022
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine the struggles of many ghost kitchens and update the baby formula shortage. The Food Institute Podcast · FI Fast Break News – May …
Is Beyond Meat Beyond Repair?
Investors appear to have soured on Beyond Meat, sending its stock price from a $160.28 to as low as $35.74 in the last year, as competition in the alternative-meat sector has increased and the company’s …
Analysis: Companies stand to lose millions in pulling out of Russia
Burger giant McDonald’s led the way among fast-food chains, suspending operations in Russia less than two weeks after the Kremlin began its invasion of Ukraine and the West began imposing sanctions on Moscow. The likes …
What Will the Key Restaurant Tech Investments Be in 2022?
From robots to scheduling software, restaurants are implementing all types of new technology into their operations of late. With so many new developments this year, The Food Institute decided to take a closer look at …
How Will Fast-Food Value Deals Look Different This Year?
Fast-food value deals are back, but they’re not quite the same as before. Over the past several weeks, brands such as McDonald’s have returned to value messaging for the first time in several years, noted …
Plant-Based Alternatives Push Further into Fast-Food
Plant-based offerings continue to expand across restaurant menus, as major players like Impossible Foods and Beyond Meat broaden their partnerships with fast-food chains. McDonald’s recently announced plans for a major U.S. expansion of its plant-based …
Experts Weigh In on 2022 Inflation Outlook
Delivery Innovation Hitting Higher Gear, Especially in U.S.
Chicago residents in need of last-minute ingredients are in luck. Getir, the Turkish provider of ultrafast, 10-minute grocery delivery, started operations in the Windy City this week. The company, which was founded in Istanbul in …
Has Arby’s Started a Pork Sandwich War?
On the heels of the fast-food industry’s chicken sandwich wars, has Arby’s fired the first shot in a new battle? The privately held chain recently launched its Country Style Pork Rib sandwich as a limited-time …
QSRs Look to Artificial Intelligence to Boost Customer Experience
Quick service restaurants have always adopted new technologies. With the latest innovations, however, the industry is likely to move away from tactics like cashiers asking whether you want fries with your order to complex algorithms …
BREAKING: McDonald’s to Trial Plant-Based Burger in U.S.
McDonald’s will test the McPlant burger in partnership with Beyond Meat in eight U.S. locations next month. Beginning November 3, customers in Irving, Texas; Carrollton, Texas; Cedar Falls, Iowa; Jennings, Louisiana; Lake Charles, Louisiana; El …
Will Food Companies Follow Cathay Pacific’s Lead on Firing Unvaccinated Crew?
With the FDA granting full approval for Pfizer’s COVID-19 vaccine, and the highly contagious delta variant spreading around the nation, several businesses are mandating that all or some employees provide proof of vaccination. Recently, Cathay …
Oregon McDonald’s Hiring Workers as Young as 14 Amid Labor Shortage
Food companies have had to get creative to attract workers during the ongoing labor shortage. An Oregon McDonald’s is now even looking to hire teen workers as young as 14, according to a report from …
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FI Fast Break audio news: Aug. 11, 2021
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 …
Employers’ Latest Hiring Tactic: Tuition-Free Degrees
Hiring and retaining employees has been a battle throughout the coronavirus pandemic, so companies are upping their game, waving perks like signing bonuses at workers. Now, the latest trend entails major employers like McDonald’s offering …
CASE STUDY: Celebrity-Backed Limited Time Offerings Boost McDonald’s Revenue
One of the most successful limited time offerings (LTOs) over the past year has been McDonald’s “Famous Orders” celebrity collaborations. McDonald’s has been utilizing LTOs to attract consumers for years with items such as the …
Digesting This Week’s Earnings from McDonald’s and Other Food Companies
With a slew of earnings being released over the past week, The Food Institute looked into which companies are thriving, as well as which companies are experiencing issues. EARNINGS ‘WINNERS’ McDonalds (MCD) Global comparable sales …
FI Fast Break audio news: July 14, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we break down a few innovative strategies for navigating the labor shortage, examine a major new company entering the cultured-meat market, and more. The Food …
Chick-fil-A Ranked Top Fast-Food Restaurant Again; Subway and McDonald’s Stumble
Chick-fil-A was rated America’s top fast-food restaurant for a seventh straight year, according to the latest American Customer Satisfaction Index (ACSI), which provides customer satisfaction benchmarks for major companies in the foodservice sector. At the …
Food Industry Employees Earned 46.8% Less than U.S. Average in 2020
The food industry took major hits throughout the pandemic. In the aftermath, internal and external wage disparities continue to exacerbate labor issues industrywide. In 2020, median food industry employee compensation was $33,392, down 0.7% year …
UPDATE: QSRs Rethinking Value Meals as Costs Rise
Fast-food chains, such as McDonald’s and KFC, appear to be cutting discounts and pushing more expensive meals post-pandemic. QSRs are cutting back on $5-and-under “value” menu items in favor of $10-$30 meal combinations in order …
Next competitive group of job applicants? Those with criminal records
Competition for workers is intensifying with President Biden raising the federal contractor minimum wage to $15 an hour, Amazon, which already pays a minimum wage of $15 an hour, awarding increases of as much as …
UPDATE: Restaurants Forced to Get Creative to Lure New Hires
Restaurants are struggling to win back employees so far in 2021. The Food Institute reported on this issue back in early April when QSRs were finding hiring new workers particularly challenging, and the issue has …
What’s In-Store for Walmart? New QSR Partners
Breaking up is hard to do, but Walmart and McDonald’s seem to have made the split on decent terms. McDonald’s recently announced plans to shutter hundreds of its locations positioned within Walmart stores. After the …
Chick-fil-A Turning to Food Trucks to Leave Pandemic Challenges in Rear-View Mirror
Fast-food restaurant chains are turning their attention to food trucks as a way to give pandemic-beleaguered franchisees an alternative channel to boost sales damaged by restrictions on the number of customers who can dine in …