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Food Industry Financials: Surging Commodities, Coca-Cola, and more

Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: unemployment benefits, global debt, surging commodities, restaurant reservations, Coca-Cola (COKE), and more Trending …

Premium Private Labels Continue to Disrupt Grocery Market

The demand for private label grocery products remained strong throughout the pandemic, with higher-end premium lines driving sales for traditional grocers, clubs, and mass merchandisers. Now, Kroger plans to add 660 items to its private …

Amazon, Walmart Taking Different Approaches on Retail Technology

Amazon-owned grocery stores are poised for a technology upgrade, specifically in checkout. AUTOMATION Amazon is bringing automated checkout technology to full-size supermarkets, reported Bloomberg (April 22). Planning documents for a store under construction in Brookfield, …

Food Brands Celebrate Earth Day with Focus on Sustainability

As sustainable practices become increasingly important to today’s consumers, food brands are making their environmental goals and initiatives clear. In honor of Earth Day, here’s a closer look at companies taking steps to become more …

A Closer Look at Gen Z’s Eating and Shopping Habits

Food is Gen Z’s No. 1 wallet priority at 23%, according to Piper Sandler’s annual Taking Stock with Teens survey. The survey highlights discretionary spending trends and brand preferences from 7,000 teens across 47 U.S. …

Food and Beverage Companies Signal Higher Prices

Many food companies are raising prices to offset higher costs. Higher commodity costs are pressuring companies’ profits, while some are also starting to lap their surging sales sparked by stockpiling in 2020, reported CNBC (March …

Consumers Fire Up Grills as Outdoor Cooking Gains Momentum

Grilling season started early this year – or maybe it never ended, statistics from market research company NPD Group indicate. NPD reported consumers spent more than $4.9 billion on grills, smokers, camping stoves, accessories, and …

Food as Medicine: A Primer on a Growing Trend

While the concept of “food as medicine” has been around for centuries, the philosophy is gaining momentum of late. So much so, in fact, that The Food Institute will highlight the concept and the growing …

Once a Fringe Movement, Veganism Goes Mainstream

A vegan diet is essentially the strictest form of vegetarianism. That is, in addition to avoiding animal flesh, vegans also cut out dairy, eggs and animal-derived ingredients, such as gelatin whey and casein. And as …

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 …

SNAP Benefits Increase as USDA’s Vilsack Reprises Role

On April 1, the USDA announced that it will provide $1 billion per month in additional SNAP food assistance to an estimated 25 million people in low-income households. U.S. Secretary of Agriculture Tom Vilsack echoed …

Carbon Labeling Gains Momentum Despite Challenges

Unilever plans to introduce carbon-footprint details for all 70,000 of its products and is researching best methods for gathering and presenting the information. A key motivator for the company is that brands perceived as sustainable …

Unionization Threatens to Increase Amazon Costs

Some 5,800 Amazon employees at the company’s Bessemer, Alabama, warehouse voted in the last two months on whether to unionize in a move that could energize the labor movement and mean higher prices for those …

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 …

Global Food Prices Hit Six-Year High

Global food prices are the highest they’ve been in six years, with the price of agricultural commodities traded on the global stage rising 50% since the middle of 2020, according to economists at Rabobank. Additionally, …

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2021 Food Labeling Summit

Narrowing the Divide Between Food Insecurity and Food Waste

While the gap between food insecurity and food waste is significant, increased government, industry and community efforts can narrow the divide. But with global food demand projected to rise anywhere between 59% to 98% by 2050 …

Online Grocery Sales Reach $9.3 Billion in January

Online shopping is reaching new heights amid the pandemic – and likely won’t be going away anytime soon. ONLINE SALES UP IN FIRST MONTH OF 2021 Total U.S. online grocery sales reached $9.3 billion in …

Winter Storm Causing Chaos for Food Industry in Texas

Food businesses including grocers, restaurants  and farmers, are faced with major issues due to this week’s severe winter weather in Texas. GROCERS AND RESTAURANTS Power outages and supply problems linked to the nearly unprecedented cold …

The Ongoing Problem with Brand Accelerators in the U.S.

This article is the first in the FI Quarterly Series on Emerging Consumer Brands.  The continuing problem with corporate and independent accelerators is two-fold: the screening process and the mentors available to each cohort. An …

Why ESG Initiatives Matter for the Food Industry

Historically, Environmental, Social and Governance (ESG) factors have taken a back seat to financial performance in the corporate world. And in the interest of performance measurement, companies have often made short-term profit decisions at the …