FI Fast Break audio news: Jan. 18, 2023
The latest Food Institute news podcast provides an update on the proposed Albertsons-Kroger merger in the grocery sector.
Tag: Technology > Page 2
Experts: Huge Opportunities Exist in Tech-enabled Ag
As agriculture moves towards automation, what technologies and best practices will lead the way? In a recent FI webinar, Agritecture founder and CEO Henry Gordon-Smith and Tortuga AgTech CEO Eric Adamson outlined the current state of ag tech.
FI Takeaways: Oct. 27, 2022
Need a quick download on the most important headlines this week? We’ve got you covered. Check out our newest series, FI Takeaways! This week we’ll take a look at American Express‘ third-quarter earnings, this winter’s weather outlook for crop …
Execs: Food Industry on Verge of Major Tech Transformation
The food industry is on the precipice of a tectonic shift, according to industry insiders. Technology is the driving force behind the projected change.
Training the Next Gen of Food Industry Managers
What separates the average and the exceptional food and beverage company? A key part of the answer may lie in how leaders within the organization are trained. Traditional management theory would suggest that companies should …
What’s Next with Sushi? High Prices and High Tech
Sushi rolls have evolved into bowls and stacks captivating social media audiences as traditional omakase prices soar.
Has Chick-fil-A Unveiled the Drive-Thru of the Future?
Chick-fil-A is testing an express drive-thru lane to speed up mobile order pick-up. The company calls its Express Drive-Thru model a “game changer” that will streamline the experience for its nearly 50 million mobile app …
Why Agility Should Be Top-of-Mind for Both CPGs and Retailers
Amid rising demand for fresher food products, companies need to ensure their inventory is data-driven, with technology and procedures in place to adapt to a rapidly-changing market, according to Venky Ramesh, head of strategic business advisory …
Proof of ESG: Blockchain Solutions
Cashierless Tech Creating New Channel for Growth
Image courtesy of Whole Foods Market Cashierless stores are a promising technology that could redefine how shoppers interact with grocery stores, but the field is still in its relative infancy, with experimentation ongoing. While solutions …
Food Companies Creating Sophisticated Traceability Tech
A recent addition to the federal Food Safety Modernization Act (FSMA), poised to go into effect in 2023 to minimize the scope and duration of food recalls, requires such complex technology that food industry businesses …
Experts: Autonomous Equipment Could Be Game Changer in Ag
Innovation is making it easier for farmers to optimize efficiency. And with that in mind, new agricultural technologies are the focus of The Food Institute’s report this month, which will be available to members starting April 19 …
Why Restaurants are Venturing into the Metaverse
Restaurant chains are entering the great unknown, taking bold leaps into the “metaverse.” It’s the latest endeavor by fast-food brands to reach potential customers where they’re at. The Food Institute investigated exactly how the strategy …
Food Safety Testing Market: Concerns About Public Health Boosts Demand
This article is written and sponsored by Transparency Market Research. Industrial production of food is subject to handling errors, undercooking, and inappropriate storage conditions that could lead to contamination. Additionally, new pathogens, chemical hazards, and disease …
What Will the Key Restaurant Tech Investments Be in 2022?
From robots to scheduling software, restaurants are implementing all types of new technology into their operations of late. With so many new developments this year, The Food Institute decided to take a closer look at …
FDA: Blockchain-Based Food Tracking Bound for Widespread Adoption
A new rule could boost blockchain-based food tracking. The rule, expected next November, would require the food industry to maintain records associated with the critical tracking events on the supply chain, according to Frank Yiannas, …
State of the Restaurant Industry: Tech Triggering Optimism
Just 2% of restaurants reported an increase in sales in December. Yet, a survey by TD Bank found 81% of restaurant operators are nevertheless optimistic about the future. Restaurant operators are faced with several challenges …
Which Technologies Will Push the Food Industry Forward?
Propelled by the pandemic, robotic innovations are still making food-industry headlines. A few of the latest developments include: 7-Eleven partnered with Nuro to pilot a commercial delivery service using autonomous vehicles in the Silicon Valley …
Are Autonomous Vehicles the Next Big Thing in Delivery?
Third-party delivery services like Instacart, UberEats and DoorDash have taken the world of grocery, retail and restaurants by storm. So, what’s the next great innovation for these segments? It could be autonomous delivery, using vehicles …
Cyber Risk Management – What The Food Industry Needs to Know
QSRs Look to Artificial Intelligence to Boost Customer Experience
Quick service restaurants have always adopted new technologies. With the latest innovations, however, the industry is likely to move away from tactics like cashiers asking whether you want fries with your order to complex algorithms …
Product and Technology Gap ‘Fill-ins’ to Continue Driving Agtech M&A
Despite the pandemic, 2020 was a big year for agtech M&A activity. According to AgFunder’s 2021 Farm Tech Investment Report, 37 agriculture technology M&A deals were completed in fiscal year 2020. As is often the case, …
The Future is at Hand: Food Retailers Launch Biometric Technology
Amazon is launching a new system called Amazon One at a Whole Foods store in Seattle, with plans to expand to seven other stores in the area. The rather innovative technology allows shoppers to associate …
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, …
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The NASA-Agriculture Connection and a Look Towards Tomorrow
Amid soil erosion, tens of millions of U.S. farmland acres lost to development, and global food demand rising upwards of 98% by 2050, there are serious concerns about how the agriculture industry will meet tomorrow’s …
DoorDash Diversifies with Chowbotics Acquisition
After raising an eye-opening $3.4 billion in its IPO, DoorDash is spending its funds strategically. For starters, the delivery company is acquiring meal preparation startup Chowbotics. DoorDash’s revenue rose 226% year-over-year, to $1.92 billion, in …
FI Tech Trends: The Latest in Lab-Grown Meat, Food-Allergen Detection
Editor’s note: Leah Zitter is a longtime Food Tech/Agri Tech writer with a PhD in Research. Welcome to our Food Tech news roundup! Given that recent days have dished up slathers of technology news within …
Walmart is Shedding Global Operations, Focusing on Digital
Walmart has recently made business moves that indicate it’s shifting its focus from international markets to digital operations. International Divestures In 2018, Walmart sold an 80% stake in its Brazilian operations to a global profit …
Digitally Mature Grocers Have an Advantage with Shoppers
The most “digitally mature” grocery retailers are capturing a considerably greater share of the growth of a growing shopping modality, according to the results of 2020 Grocery Digital Maturity Benchmark Study from Incisiv, reported Winsight …
Albertsons Adds Contactless Options to Simplify Grocery Shopping
Albertsons Companies introduced Albertsons Pay, a new zero-touch checkout experience. Available through its updated just for U loyalty app, it offers shoppers with a secure and contact-free way to pay, use discounts, and earn rewards. The new technology is …
AI is Becoming a Tasty Proposition for Consumers / Businesses
Artificial Intelligence (AI) is turning the world upside down as technology is advancing in leaps and bounds during these turbulent times. And AI is ever present among many areas of the food industry. Firmenich, one …
Grocers Invest in New Technology to Increase Efficiency
Food retailers are partnering with technology companies to make their operations more efficient as the COVID-19 pandemic continues. Giant Eagle now operates FlyBuy Pickup, a curbside and in-store pickup program. FlyBuy, using location technology from …
The Online Grocer Wave and the COVID Accelerant
Food Institute Focus – The Online Grocer Wave and the COVID Accelerant
Coronavirus Highlights Need for Better Technology
The coronavirus pandemic jumpstarted the use of certain technologies for companies in many sectors, including the food industry. Specifically, data analytics and automation are areas the industry is gravitating toward due to need for proactive …
How Receptive are Consumers to Agricultural Biotech?
After decades of being sidelined by consumers concerned over whether they were safe, foods made with genetically modified organisms, or GMOs, may finally find a place on more meal plates along with other new agricultural …