Tag: starbucks

Author: Gen Z Consumers Seek Brands with Clear Purpose

Following in the footsteps of Millennials, Gen Z has taken a liking to chains such as Olive Garden and Starbucks, proving everything is cyclical, according to Piper Sandler’s latest Taking Stock with Teens survey. The Food …

Coffee Innovations Hitting Higher Gear

Coffee’s popularity in the U.S. shows no signs of slowing. More than half of Americans over 18 years old drink coffee daily, with the average coffee drinker consuming three cups of coffee per day, as …

Worker Shortages Spurring Rash of Labor Unrest

Chronic labor shortages and mandatory overtime appear to be fueling union unrest as the economy bounces back from the pandemic, with workers realizing they aren’t as powerless as they once were. “With the pandemic and …

UPDATE: Major Ingredient Shortage Impacting Multiple QSRs

Taco Bell is the latest restaurant chain to be hit by significant ingredient shortages. “Sorry if we can’t feed your current crave,” reads an orange banner atop the fast-food chain’s website. “Due to national ingredient …

Corporate Diversity Initiatives One Year After George Floyd

George Floyd’s death sparked nationwide protests and ultimately served as a catalyst for anti- discrimination efforts. Many companies also responded by releasing statements against racism. And some took action, setting quantifiable goals to increase diversity …

Dairy Farms Decline as Milk Alternatives Go Mainstream

The latest USDA data shows that dairy farms are on the decline, while plant-based milk alternatives are growing in popularity. DAIRY FARM NUMBERS DECLINE USDA’s National Agricultural Statistics Service’s latest Milk Production report shows another …

Restaurant Earnings Show Continued Recovery  

Foodservices’ latest quarters have seen mixed results as restaurants continue to cope with pandemic-related losses. In 2020, restaurant and foodservice industry sales fell by $240 billion, from an expected level of $899 billion, according to …

Companies Show Thanks to Employees as Pandemic Continues

Food companies are showing their appreciation for employees in several ways as 2020 comes to a close. Chipotle has paid out over $40 million in bonuses and assistance pay to employees during COVID-19, reported QSR …

Some Important Changes Coming to Starbucks

Starbucks has recently made several notable updates to its business, including boosting its outlook, announcing planet-forward initiatives, more diversity on its board, and better pay for employees. In its latest financial release, Starbucks reaffirmed its …

Have the Coffee Wars Come Home?

The COVID-19 pandemic has turned the world upside down, but that hasn’t stopped the global consumption of roughly 2.25 billion cups of coffee per day. What has certainly changed during this 2020 crisis is how …

Creating More Diversity in Leadership Roles

While diversity in leadership roles in the food industry has historically been lacking, companies today are making the business case for inclusion and upping their commitment to advance racial equality. For instance, the Multicultural Foodservice …

Plant-Based Expands into International Markets

Several plant-based meat companies are making strides in international markets. Impossible Foods is rolling out Impossible Sausage Made From Plants in Hong Kong. Consumers in Hong Kong can now buy the sausage as a breakfast …

Coffee Market Heats Up

Sixty-four percent of Americans aged 18 and older surveyed in 2019 said they drink a cup of coffee every day, with 42.9% doing so just because they like the taste, according to research from MyFriendsCoffee. …

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