This week, in The Food Institute’s quick-hitting, audio news podcast, we examine the latest in e-grocery platforms, update African swine fever concerns, and more. The Food Institute Podcast · FI Fast Break News – Sept. …
Online grocer Misfits Market Inc. nearly doubled its valuation in just five months, making it a unicorn twice over. The direct-to-consumer e-commerce platform buys so-called “ugly” produce from farmers that cannot be sold to stores for aesthetic reasons …
Food waste has become a significant issue around the world, but nowhere more so than in America. In fact, about $161 billion of food is wasted in the U.S. every year, per Rubicon research. In …
A detour to the grocery store on the way home from work used to be just part of the daily grind, but all that has changed, and Amazon’s entry into the grocery business is moving …
According to industry experts, consumers can expect to see higher prices in the last quarter of this year in several grocery categories. Ingredient suppliers are seeing longer lead times because of issues like labor shortages …
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine the rise of 10-minute “ultrafast” delivery, and how Misfits Market was able to double its valuation in a matter of months. The Food …
On a recent earnings call, Kroger CFO Gary Millerchip said the retailer will be “passing along higher cost to the customer where it makes sense to do so.” The CFO acknowledged the company’s facing pressures …
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine QR codes’ resurgence in restaurants, the demands of today’s workers unions, and the frustrations of U.S. ranchers. The Food Institute Podcast · FI …
Of the approximately 7,300 U.S. stores opened, or planned to open in 2020 and 2021, 43% are dollar stores, according to Coresight Research. Dollar General opened 1,000 new stores in 2020 and has 1,050 more …
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine the popularity of loyalty programs, the ascent of dollar stores, and more. The Food Institute Podcast · FI Fast Break News – Sept. …
It seems like every few weeks food delivery apps are finding themselves in hot water. Most recently, Chicago officials accused both DoorDash and Grubhub of harming city restaurants and customers through high fees and other deceptive …
What will the post-pandemic future hold for wine retailers? The global wine sector is large and highly fragmented, so it’ll take some time to fully measure and understand COVID’s impact on the segment. For wine …
With ESG topics becoming increasingly important to consumers, food companies are noticeably increasing their efforts. Below are a few recent examples of new ESG initiatives in the industry. MCCORMICK ADVANCES SUSTAINABILITY STANDARD McCormick & Company …
Editor’s note: Juan Ruiz is a finance and investment professional with over 30 years’ experience collecting and reviewing wines. He’s a graduate of New York’s Institute of Culinary Education’s Intensive Sommelier Program and a certified …
As pandemic restrictions eased, pent-up consumer demand kept inflation elevated. In July, the overall consumer price index (CPI) rose 0.5%, a somewhat moderate gain relative to recent increases. Yet, over the past 12 months, price …
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 …
Since acquiring Whole Foods for $13.7 billion in 2017, Amazon has been looking to further expand into the $900 billion U.S. grocery industry through its Amazon Fresh stores. And, with online grocery delivery growing about …
Eighty-four percent of consumers globally order chicken from a restaurant at least once a month, according to new research by Technomic. The latest chicken product in high demand appears to be nuggets. POPEYES DEBUTS NUGGETS …
While grocery stores are experiencing an uptick in foot traffic this summer, most salad stations have stayed dark. Many grocers, including Hy-Vee’s, Wegmans, and Stop & Shop have no plans to reopen them anytime soon, …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: higher inflation and COVID-19 infection rates, public health policy changes, vaccine passport, the …
Consumers in over 400 cities can now have their groceries delivered by Uber. The company’s Uber Eats division recently partnered with 1,200 Albertsons-owned stores, as well as 25 Costco locations across Texas—marking Uber’s first pilot …
Instacart is developing a media retail network ahead of its highly anticipated public offering and is positioned to raise ad revenue by 30% — or $700 million — in 2022, reported The Wall Street Journal …
Panera Bread is now catering to remote and hybrid employees as it moves to regain sales in the once high-ticket sector. The chain’s new program, Panera Connects, enables companies to host catered meetings regardless of …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: an interview with Wells Fargo agricultural economist Dr. Michael J. Swanson on a …
French restaurant owners and workers are worried: Are they about to turn into the virus police? Retailers don’t understand how they’ll keep people who haven’t had a COVID-19 vaccination out. France is in the forefront …
In today’s omnichannel world, customer loyalty is difficult to earn and just as tough to maintain. With that, keeping pace with customers’ evolving tastes is an undeniably tall task. These issues were analyzed recently during …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: grocery inflation, menu price hikes, cost saving ideas, and more. Don’t be surprised …
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 …
As the lines of traditional retail continue to blur, Dollar General is gaining competitive ground across multiple sectors, including grocery, convenience, and most recently, health and wellness. With 17,266 locations nationwide, Dollar General is the …
Coop, one of Sweden’s largest supermarket chains, was forced to close some 500 stores due to an ongoing cyberattack affecting organizations around the world, reported BBC (July 4). Though the supermarket itself was not targeted …
Amazon broke new ground in the retail space with the recent debut of its “Just Walk Out,” cashierless checkout system at a grocery store in Bellevue, Washington. Amazon’s VP of Physical Retail and Technology, Dilip …
Two-thirds of Americans plan to return to normal Independence Day celebrations this weekend, according to Numerator. So, as pandemic restrictions ease and Americans resume their Fourth of July traditions, The Food Institute takes a closer …
Consumer-facing businesses, including restaurants and retailers, are responsible for 27% of food waste in the U.S., according to recent data from the ReFed Insights Engine. At 21%, farms aren’t far behind. However, the data also …
While consumers have a general understanding of how Amazon.com disrupted the retail landscape, most probably don’t know how the company’s signature sales event, Prime Day, also forced the industry to pivot. And with e-commerce sales …
As we approach the second half of 2021, the outlook for food delivery is starting to shift in a few noteworthy respects. NEW, LOCAL CHALLENGERS ENTER THE MARKET Big delivery apps including Uber, Grubhub, and …
