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Consumers Turn to Sweets During Pandemic

Sales of chocolate and candy increased during the pandemic as consumers look for products to boost their mood and lighten perspectives, according to data from the National Confectioners Association (NCA). Overall sales of chocolate and …

DoorDash Plans IPO, Diversifies with Grocery Delivery

DoorDash plans to open an initial public offering in the fall, according to people familiar with the matter, reported Bloomberg (Aug. 22). The company had previously considered going public through a direct listing but decided …

Moving Forward, Grocery Retailers Must Embrace Digital

Online grocery shopping has surged during the COVID-19 pandemic. Before COVID-19, online accounted for less than 10% of food sales, according to Ernst & Young LLP (EY). By June, 45% of food sales were online. …

First Half of 2020 Brought Major Change to Grocery Retail

As the new year rolled around, no one could have predicted the drastic changes grocery retailers would face in the first half of 2020. The COVID-19 pandemic created major disruptions in consumer buying patterns, online …

Food Manufacturers Pivot in Face of Coronavirus

As consumers turned to stockpiling when stay-at-home orders were enacted at the onset of the coronavirus pandemic, food manufacturers were forced to pivot to new operating models to ensure profitability. Avenues targeted included direct-to-consumer models, …

Coronavirus Highlights Need for Better Technology

The coronavirus pandemic jumpstarted the use of certain technologies for companies in many sectors, including the food industry. Specifically, data analytics and automation are areas the industry is gravitating toward due to need for proactive …

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Food Industry Attracts Major Investments

Several notable food business investments occurred the last few weeks. Some of the more interesting ventures involve Apeel Sciences, Slice, and Albertsons Cos.—all of which will impact the industry in their own way. Apeel Sciences …

Food Institute Report

Food Industry Attracts Major Investments Several notable food business investments occurred the last few weeks. Some of the more interesting ventures involve Apeel Sciences, Slice, and Albertsons Cos.—all of which will impact the industry in ...

Notable Executive Changes

Significant executive moves occurred throughout May, as can be seen in the Top Industry Executive Appointments table below. Many of these changes involved executives leaving positions at prominent companies for other major players in the …