Restaurant Tech Firms Adjust Amid Economic Uncertainty
A slowdown in venture capital funding and growing prospects for a recession has restaurant tech firms tightening their belts.
A slowdown in venture capital funding and growing prospects for a recession has restaurant tech firms tightening their belts.
While sales of plant-based meats have slowed, the category could be ripe for expansion as pricing moves closer to that of traditional meats.
Consumer concerns about discretionary spending pushed Dunkin’ Donuts and Starbucks traffic lower in June, new data show.
Sixty-one percent of shoppers in a Vericast survey said that one of their biggest challenges this year is rising price.
Many food companies are embracing regenerative ag to aid the environment – a movement that’s increasingly extending into aquaculture.
Food and beverage intelligence company Spoonshot has released its AI-generated list of food trends for 2023.
Private label is arguably more important than ever in the face of inflation, and digital recipes tend to get those products onto consumers’ plates.
Investments in plant-based meats have cooled off in the last year with many venture capitalists turning their attention to lab-grown meat.
Stuckey’s CEO Stephanie Stuckey has learned a lot about social media over the last three years, like the importance of telling compelling and sometimes personal stories.
Plant-based was the primary theme among ingredient companies exhibiting at the IFT FIRST annual meeting
The twin crop production enemies, drought and excessive heat, are putting unprecedented pressure on the global food supply via “heatflation.”
The twin crop production enemies, drought and excessive heat, are putting unprecedented pressure on the global food supply via “heatflation.”
The Problem Top two investor questions for a consumer startup? 1) Do you have product-market fit yet? And 2) What is the platform? Building a platform brand right from the start is the strategy equivalent …
Ingredient upcycling for food products is gaining traction among consumers.
After more than a decade of rapid growth, Starbucks is retrenching and closing several U.S. outlets due to security concerns.
After more than a decade of rapid growth, Starbucks is retrenching and closing several U.S. outlets due to security concerns.
Looking to meet rising consumer demand for sustainability, food and beverage companies are focusing on making their packaging more recyclable.
Looking to meet rising consumer demand for sustainability, food and beverage companies are focusing on making their packaging more recyclable.
Time-sensitive customers want their food faster than ever, and Schnucks Markets is responding to that need by expanding its offerings.
Exhibitors at the IFT FIRST event offered a range of cost-saving solutions in areas like cheese, egg replacements, and yeast products.
The global wheat outlook may be improving after the United Nations reported that Russia and Ukraine took a “critical step forward.”
While plant-based egg products are hitting the market, it remains to be seen whether consumers will adopt these products en masse.
Chicago-based Asian chain Wow Bao is exploring a new avenue as it continues its growth: vending machines. Wow Bao, which began as a fast-casual concept specializing in steamed buns and has since expanded as a …
Despite some positive indicators, an increasing number of restaurant operators are growing more concerned about inflation and the prospects for the economy. Employment in the restaurant industry and overall economy continued to rise at a …
Food insecurity is a growing global problem, and within the U.S., Gen Z is among the hardest hit. That’s according to Purdue University’s Consumer Foods Insight report, which reported 30% of Gen Z adults had …
As Americans aim to save on dining out amid inflation and restaurants battle labor and supply shortages, grocery stores strategize to please consumers’ pizza palates with frozen variety to deli and delivery convenience. Deli pizza …
Eating local has developed a connotation for positive impact, from ethics to environment and even health, but how does the practice actually affect food systems, human systems and the planet? “There is not much evidence …
Food-based add-ins are playing a larger part in Amazon’s subscription plan, as retailers across the industry seek ways to combat fading customer loyalty and reduced spending. The addition of a year of Grubhub+ to Prime …
Russia’s invasion of Ukraine, fertilizer shortages, and poor weather conditions across the globe, are playing havoc with global food supplies, leading to projections that food prices will remain high for years. Additionally, global food security …
The near-term pressures on casual dining operators right now are obvious. Fears of a recession are rising. Consumer confidence is falling. Labor shortages have driven up wages and in some cases forced operators to limit …
CHICAGO – Oat milk and other plant-based milks were in abundance at Coffee Fest Chicago recently. Today’s coffee shop consumers want plant-based options to address their concerns about health, animal welfare, and the environment. While …
Universities across the U.S. are tapping delivery robots to address the labor shortage and explore new business opportunities such as ghost kitchens, reported TechCrunch. Ohio State University became one of the first colleges to test …
An Associated Press-NORC Center for Public Affairs Research poll of U.S. adults released July 5 reveals nearly half of U.S. adults want to ditch virtual activities and ordering groceries online – but they’d still like …
Amazon.com is expanding its food-related operations. The online commerce giant agreed to add Grubhub to its suite of Prime services in the U.S., in a deal aimed at expanding the food-ordering company’s reach by tapping …
Earlier in the pandemic, snacking complemented remote work and supplemented restaurant dining and continues to replace meals with added bonuses. This year, Grubhub’s infamous lunch promotion was prompted by 69% of New Yorkers surveyed saying …
CHICAGO – At Coffee Fest Chicago recently, business owners and various industry reps gathered to take note of new products, as well as learn how to increase sales. As much as anything, the event suggested …