FI Fast Break audio news: Feb. 14, 2024

The latest Food Institute Fast Break news podcast discusses the demise of a noteworthy plant-based seafood brand.

Is Self-Checkout a Consumer Terminator? Retail, Robots, and More in 2024

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.

FI Fast Break audio news: Feb. 1, 2024

The latest Food Institute news podcast looks at AI’s potential impact on labor, based off a recent university study. 

Chocolate Purchases Dip Despite Candy Viewed as Energy Boost

A new report from Mintel suggests one-third of Americans rationalize purchasing chocolate as an energy boost. Meanwhile, new research suggests a direct connection between dark chocolate and reducing factors that contribute to essential hypertension.

2023: The Year of Private Label Sets the Stage for 2024

Millennials grew up with store brands and they see them for what they are – a brand. Without a doubt, there is a transformation taking place in the private brand mainstream tier where products are moving away from strict equivalency to national brands and becoming true national brand alternatives.

Walmart Defines Adaptive Retail, the Next Evolution in Shopping

“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.”

Analysis: Albertsons’ Healthy Eating Incentives Could Set Industry Trend

“In the sea of nearly identical programs, grocers are racing to keep up by adding perks such as free delivery or bigger buy-one-get-one savings,” Upside’s Thomas Weinandy said in a blog post.

Mochi Mania Reaches Donut Shops

Mochi donuts are a mix between American-style donuts and Japanese mochi and originated in Hawaii. Mochi donuts are typically circular, like an American donut, but are pieced together with eight small balls that can be pulled apart and come in many different flavors. 

Will Beef Prices Stay Elevated into 2024?

Looking ahead, Zimmerman noted that prices would likely increase in the new year, but the magnitude of that increase would likely be more subtle in 2024.

Prominent Doctor Fears Impact of TikTok Diet Trends

Americans are getting away from healthy habits like meal prepping and perusing produce aisles. Instead, many consumers opt for quicker, more convenient food that often include preservatives and copious amounts of sugar or oils.

So You Want to Start a CPG Company

“It’s not KETO, it’s not gluten-free, it’s not upcycled grain or something super narrow – it’s a business at the end of the day that needs to make money,” he said, “and if it’s good enough for Erewhon, it should be good enough for many people.”

How to Shelf Actualize in Grocery & Retail

“Grocers now have more technology at their disposal than ever before, and effectively leveraging this data to drive in-store performance has become increasingly difficult,” Boyle said.

A Hallmark Movie, but Make it Shoppable: Walmart’s Add to Heart

Airing on three platforms (YouTube, Roku, and the pocket-laden TikTok) and also playing in stores, Add to Heart is nothing if not a bold step into the media-laden retail environment increasingly influenced by in-store retail media networks.

2024 Tech & Digital Trends in Restaurant & Retail, Part 3: The Loyalty-free Consumer

Monolithic allegiance has given way to the brands and companies that can provide the best, most convenient, and value-driven experiences, making every consumer a seven-headed hydra.

Consumers’ Cookie Craze Picks Up the Pace

Nostalgia and fond memories have kept cookies popular and the treats remain a favorite because of their portability and versatility. 

Get Real! How to Achieve Authenticity & ‘Rizz’ in FoodBev

And that’s OK. In many ways, being authentic isn’t about the best product or service or value or lifestyle; it’s about being human, which is being vulnerable. Vulnerability is the heartbeat of authenticity, the subtle brand drumbeat that brand advocates and consumers can hear. Without a heartbeat – without being occasionally vulnerable – it will be hard to resonate and grow the brand in a way that feels organic, fresh, and authentic.

Organic Growth Continues, Even Amidst Inflation

The quarterly percentage of American adults who say they purchase organic food regularly (or, “every chance I get,”) is up two percentage points since the first quarter of 2021, reaching 12%.

The Rich History of National Butter Day

U.S. milk and butterfat production experienced parallel growth at 24% from 1995 to 2010. Since then, however, production has exploded, particularly for butterfat, pushing 27% growth.

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.​

Zepbound: Latest Weapon in Weight-Loss Drug Arsenal

Eli Lilly’s Zepbound, recently approved by the FDA, is the most potent weight-loss drug yet. Could it impact the food industry? At least one expert says ‘yes.’

Thanksgiving 2023: Expect Expensive Meals

Food manufacturers have seen their profits fall in the past year, forcing them to pass along increases for raw materials, energy, transportation, and packaging.

How the Food Industry Can Use AI to Improve Holiday Sales

LSEG analysts estimated Amazon’s advertising business will increase nearly $3 billion over last year’s fourth quarter to $14.2 billion as a result, Reuters reported.

Instant Noodles Gather Steam: 5 Popular Options

Demand for instant noodles jumped 2.6% globally to a record high of 121.2 billion servings last year, according to the World Instant Noodles Association, and 2023 marked the seventh consecutive year of instant noodle growth and consumption.

Mallwalking, Food Courts, and Retail Are Back

E-commerce has not only failed to kill the great American retail experience but is helping it thrive as sales associates and vendors large and small are using the omnichannel to attract customers, enhance sales, and reduce customer acquisition costs.

Cider is the Next Craft Beer Movement

Like session beers, Guiver said many ciders feature a higher ABV than what many people are used to (or remember!). “We’re seeing more ciders with ABVs of 7% or more as customer trends change,” she added, “and cider is walking this line of tradition as well as approachability and innovation.”

The Rise of Gen H: Hispanic Culture’s Influential Young Adults

On Day 2 of The Food Institute’s Latam Food Week, a new generation was coined: Generation H. “Think of it as Gen Z meets Hispanic culture,” said Hunter Thurman, president of Alpha-Diver, “a high-sensory, emotion-first …

Making LTOs Permanent: When Fans Influence Brands

Sometimes fans get the best of their preferred brands and flavors by creating demand for a once-unthinkable product or simply demanding the return of favorite LTOs.

The Slow, Rewarding, Delicious Business of Branded Apples

The American apple harvest could reach 250 million bushels this year, a 1.5% increase from 2022. Branded apple varieties account for 15% to 20% of apple sales.

Why Inventory Distortion Costs Retailers Trillions

Inventory distortion due to out-of-stocks and overstocks is projected to cost retailers $1.77 trillion worldwide this year.

Top Trends at the Summer Fancy Food Show

“Companies must stand out,” said Food Institute CEO Brian Choi. “To win in the marketplace, products have to have a differentiated selling point – just being ‘good’ is not good enough in this environment.”

OPINION: Beyond Predictable – The Perils of Losing Focus After Initial Success

Why is Beyond Meat struggling? What will last in the plant-based category, and will it ever grow again? And what can other founders learn from this classic case of irrational exuberance? The answers may still surprise you.

Short-term CFOs Offer Grocers a Sizable Assist

Many grocers operate with small, tight teams that are experts at their jobs — but this can leave the company shorthanded when a major project or expansion pops up.

Beyond the Pump: A C-Store Deep Dive

Convenience stores often get a bad rap for lackluster foodservice options, but the category has expanded to include better foodservice options in the past few years.

The Future of Food Retail

Grocers continue to be challenged by the emergence of competitive C-stores, inflation, and a looming global recession.

The State of Wagyu in America

Wagyu often tops restaurateurs’ dinner menus as the cut de la creme, the luxurious and bougie beef, the apex protein for the apex predator armed with a sharp knife, a crisp vegetable, and an appetite for the sublime.

Shoplifting Has Become a $100B Problem for Retailers

The good news is the waning pandemic has allowed consumers to return to in-person shopping; the bad news is the return has been coupled with a sharp rise in retail shoplifting theft, a $100 billion …