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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 …
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 …
Restaurants Seeing Signs of Recovery, Glimmer of Hope
There have been recent signs of recovery for the restaurant industry, but obstacles still need to be scaled before the industry is back to a full bill of health. RESTAURANT SALES SHOWING RECOVERY Restaurant sales …
Plant-Based Meat Trend Continues to Grow Among Major Industry Players
Plant-based companies are finding a home in fast-food, as demand for meat-free options grows among consumers. About one-third of consumers said their consumption of various meat alternatives has increased over the past year, according to …
Financing for Franchisees Back Up, While McDonald’s Plans to Pass Along More Fees
Financing for large and mid-tier restaurant franchisees is back to near pre-pandemic levels, according to the head of restaurant finance for Mitsubishi UFJ Financial Group Brian Geraghty. Geraghty pointed out factors including aggressive loan terms, …
Foodservice Pivots Towards Convenience
Several leading foodservice companies have revealed plans for more convenient store models that are designed with pickup and delivery in mind. Chipotle Chipotle is opening its first digital-only restaurant called the Chipotle Digital Kitchen. Located …
Beyond Meat’s Third Quarter Results Disappoint, while Foodservice Opportunities are Looking Up
Beyond Meat shares plummeted 22% in after-hours trading following the release of the company’s third quarter results, reported Yakima Herald Republic (Nov. 9). The company noted U.S. retail sales of Beyond Meat slowed in the …
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Digital Marketing Promoting Unhealthy Food and Drinks to Children
YouTube kid influencers are marketing junk food from McDonald’s, Coke, and others to children, reported MarketWatch (Oct. 27). In a study published in the journal Pediatrics, researchers analyzed 418 YouTube videos from the five most-watched …
Food’s Role in Climate Change Mitigation
The World Wildlife Fund (WWF) and the Zoological Society of London named the food and agriculture industries major factors in climate change mitigation, reported Bloomberg (Sept. 9). Their study, which focuses on biodiversity loss, says expanded …
Influencers Extend Foodservice’s Marketing Reach
Influencers and celebrities have changed the way people consume content, and restaurants are taking note of this. “When you’re posting from your own operated social channels, you’re reaching a very small percentage of your followers …
Fast Food Chains Struggle with Breakfast
Food Institute Focus – Fast Food Chains Struggle with Breakfast