FI Fast Break audio news: March 20, 2024
The latest Food Institute news podcast touches on fast-food employee pay, America’s favorite pizza toppings, and other trending news.
Tag: retail > Page 3
The Future of Retail, Part 2- Tomorrow’s Tech
To further understand how inventory and supply chain will change, Jarvis said the end of data silos must be achieved “to create a holistic understanding of each shopper, their interactions, and the stream of information being shared with them.
Big Opportunity Remains in Beef Jerky Category
“Jerky brands come and go because the barriers of entry to the industry are small,” Cawley said. “A good recipe, some packaging, and a solid manufacturing partner, and you can start selling legally and usually get traction locally.” Once early consumer adopters are exhausted, however, it often becomes difficult for fledgling jerky brands to earn retail shelf space, keep it, and create a compelling value proposition that resonates with shoppers nationwide.
What the Jal? Jalapenos Aren’t Hot Anymore
Why aren’t many store-bought jalapenos hot anymore? The answer lies in changing palates and products bred for consistency, not flavor.
The Future of Retail – The 10,000-ft. View
“By 2030, visiting a Target, Walmart, or Costco won’t just be about shopping,” said Diana Zheng, head of marketing at Stallion Express, a leading e-commerce shipping company from Canada, “It will be an experience. An immersive experience. A personalized experience, even a social experience.”
Candy Crush: Confectionery Producing Record Sales
“Consumers seek out chocolate and candy to help enhance holiday seasons, family celebrations, and those important ‘treat yourself’ moments,” said John Downs, president and CEO of the National Confectioners Association, in a statement.
FI Fast Break audio news: March 13, 2024
The latest Food Institute news podcast touches on HelloFresh’s market meltdown, an uptick in consumer spending, and more.
FI Fast Break audio news: March 6, 2024
The latest FI Fast Break news podcast touches on Amazon’s newest plans for Whole Foods locations in urban areas.
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.
CPGs Need Fresh Strategies Beyond Price Increases in 2024
“Tomorrow’s winners will vary how they generate demand across their portfolios, with mass activation for their biggest brands and more targeted treatment for niche and insurgent brands,” Kyle Weza, global co-lead and brand accelerator for Bain & Company, said in the report.
Feel This Moment – Walmart Teams Up with Pitbull, Again
The Pitbull-launched intra-store restaurant is part of a larger, $9 billion plan to make “upscale changes” to stores and bring in more recognizable and coveted brands and influencers. For Walmart, pairing with the king of collaborations is a natural choice.
FI Fast Break audio news: Feb. 28, 2024
The latest FI news podcast touches on the dip in consumer confidence in February, the sugar elimination craze, and more.
Great Plains Debate: Should Bison Become ‘The Other Red Meat’?
Nutritionists hail bison as the other red meat, not that different in taste and nutrients from beef, but with a greater concentration of iron and fatty acids along with less fat.
Appetite for Reduction: GLP-1 Drugs Fuel Grocery Decrease
The market for GLP-1 drugs is expected to reach $100 billion by 2030. Manufacturers and brands who want a piece of the low-sugar pie, so to speak, will have to offer the same.
Cereal Manufacturers Desperate to Boost Sales
Americans are turning away from breakfast cereal, and that’s got cereal manufacturers seeking fresh innovation to bring consumers back to their bowls and the breakfast table.
Understanding Why Regenerative Agriculture is the Fastest-Growing Green Theme
“Brands that genuinely commit to regenerative agriculture can build strong connections with consumers who prioritize regeneration,” says Michael Ham of Wild Orchard Tea Company. “This can result in long-term brand loyalty and positive associations with environmental responsibility.”
Report Reveals Scarcity of Retail Innovation
From number-crunching untold volumes of data to helping streamline inventory, supply chain, and predictive market trends, there is no digital limit to what AI can help operators achieve.
FI Fast Break audio news: Feb. 21, 2024
The latest Food Institute Fast Break news podcast touches on the trend of “AI washing” by some major businesses.
‘Rufus, Fetch My Next Outfit’: Amazon Unveils AI Shopping Assistant
Critics and analysts alike are keen to understand who stands to benefit most from this technology – whether it will primarily serve Amazon’s interests by increasing sales and customer retention, or genuinely improve the consumer experience by offering more personalized and convenient shopping solutions.
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.
Consumers Award Better-for-You in New Product Survey
Despite some titans of the pantry and cookie jar winning in their categories (Keebler’s Chips Deluxe Fudgy in the Cookie category; Dr. Pepper Strawberries & Cream in Soft Drink), better-for-you offerings not only abounded but won several snacking categories.
Taking Stock of Wellness: Target Launches Wellness Initiative
The least expensive products will start at just $1.99 and range from apparel to supplements, vitamins to technology, and more. Many of the offerings will be exclusive to Target and complement its dedicated online wellness destination that features ideas, meal inspiration, and more.
Why Legacy Beverage Brands are Revamping Their Image
Dunkin’ Donuts’ shift to simply Dunkin’ serves as the gold standard in the contemporary rebranding landscape.
The Fiercest Battle in Retail: Foot Traffic, Trips, and Loyalty
EV charging stations outside, stores within stores inside, sprawling beauty sections, niche products, reimagined loyalty programs – the battle for foot traffic is cutthroat as the economy roars to life.
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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.