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Worker Shortage Leaves Suppliers Scrambling for Drivers

Food suppliers are turning to out-of-state workers and recruiters to fill job openings, with some even being paid six figure salaries. RENT-A-STAFFER BOOM Some New York food suppliers are hiring Alabama-based truckers as they can’t …

Author: Misconceptions About Gen Z Consumers are Many

Youthful consumers that comprise “Generation Z” are becoming a powerful economic force. The group — comprised of preteens, teens, and young adults – is now 2.5 billion strong. Jason Dorsey, a keynote speaker and co-author …

Food Industry Financials: Inflation, KR, and more

Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: inflation analysis, food commodities outlook, The Kroger Co. (KR) earnings digest, and more. …

M&A, IPO Activity Picking Up Pace

Acquisitions and IPOs seem to be gaining momentum heading into the summer. Here’s a look at notable business moves in the food industry in recent days: PILGRIM’S PRIDE TO ACQUIRE KERRY CONSUMER FOODS Pilgrim’s Pride …

Study: Independent Grocers Spur Significant Economic Growth

Independent grocers now account for 33% of total U.S. grocery sales, according to a new research from the National Grocers Association (NGA). The independent sector, which includes 21,574 stores nationwide, contributes more than $255 billion to the …

Personalized Nutrition Turning Consumer Diets Inside Out

As consumers become increasingly health conscious and the risk for chronic diseases such as obesity keeps rising, a new wave of nutrition-minded biotech companies have been analyzing DNA/biological compounds to reimagine our relationship with food. These services …

A Glimpse at the Future of Data Driven Retailing

On countless occasions during her career, Kerrie Lopez wished she had analytics to back up an idea. That said, Lopez, the head of merchandising marketing with Thrive Market, is careful not to rely on analytics …

Popularity of Frozen Food Continues to Solidify

Frozen food experienced significant growth throughout the pandemic, and demand for the category remains sticky. Data suggest that the popularity will linger in the long term, as consumer shopping patterns continue to favor the convenience …

Restaurants Back from the Brink with Soaring Sales

U.S. restaurant sales reached $67.3 billion in May, representing the third month in a row that sales reached an all-time high, according to Census Bureau statistics. The growth is set to accelerate, according to OpenTable …

Key Economic Measures Reflect Rise in Food Costs

Pandemic-related impacts on the global food supply chain have triggered a domino effect of price hikes, with producer and consumer prices consistently rising over the past 12 months, according to several economic measures. Key drivers …

Worsening Drought Envelopes Much of Western U.S.

Dangerous heat waves in much of the western U.S. could soon break all-time temperature records. And, those temperatures are worsening drought conditions that were already plenty worrisome. The latest drought monitor released June 10 categorizes a …

The Omnichannel Shift Transforming CPG Companies

For the last 5 years, many people believed that CPG e-commerce would be dominated by an Amazon-like model based on fulfillment from warehouses. This deeply impacted their organization, ways of working and analytics. However, shoppers …

Food Industry Financials: Inflation, CPB, and more

Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: inflation analysis, earnings from Campbell Soup Company (CPB), Chewy, Inc. (CHWY), and more.   …

Rapid Digital Convergence Propels Shift to Omnichannel Commerce

Pandemic pressure from consumers has supercharged e-commerce technology and triggered its rapid adoption, ultimately blurring the boundaries between traditional food categories like never before. The stage is now set for an omnichannel future wherein providers …

FI Webinar Recap: Solving Labor Shortages in the Food Industry

Labor shortages have slowed the post-pandemic foodservice renaissance. Restaurants ranging from fine dining to quick serve are looking at approaches to combat the dearth of workers. DMA and The Food Institute brought together four industry …

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Rising CPI and Spend on Importing Add to Inflation Unease

The Consumer Price Index increased 0.6% in May on a seasonally adjusted basis after rising 0.8% in April, the U.S. Bureau of Labor Statistics reported Thursday. Those numbers, plus concerns about spend on importing, are …

Chipotle Hikes Menu Prices as Inflation Looms

Chipotle Mexican Grill isn’t just boosting wages for its workers; it’s also increasing menu prices by nearly 4% to cover those raises. That’s according to a CNBC report which noted the company will be bringing …

Can Innovation Preserve Instant Soup’s Popularity?

The instant soup segment is at a crossroads of sorts. The global soup market is projected to reach $21 billion by 2027, exhibiting a compound annual growth rate (CAGR) of 2.7% for the forecast period, …

HelloFresh Outpacing Meal Kit Competition

Meal-kit supplier HelloFresh has enjoyed a notable uptick in popularity since the outset of the pandemic. And, even as COVID-19 vaccinations have increased and consumers have started to dine in restaurants more and increase their …

Food Industry Financials: Employment, SJM, and more

Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: employment, earnings from The J. M. Smucker Company (SJM) and more. Is America …