General Mills and Constellation Brands both reported earnings today. Here’s a closer look at highlights from both reports: GENERAL MILLS Fourth Quarter 2021 Highlights Net sales declined 10 % to $4.5 billion and organic net …
The plant-based ice cream sector is growing fast, with no signs of slowing on the horizon. At the end of March, snack bar brand KIND released seven flavors of frozen, plant-based desserts, reimagining their classic …
The USDA is predicting increased milk production this year and next, pushing prices lower in the near term. University of Missouri economist Scott Brown told Dairy Herd Management (June 22) producers are getting squeezed by …
While Americans are paying more for everything from lumber to computer parts, and with most of the food industry contending with price increases, one surprising exception can be found: avocados. While often considered one of …
Pork has been making headlines of late, with one of the most notable updates being that prices for U.S. hogs have slipped since the Chinese government said its supplies have nearly fully recovered from African …
You thought 2020 was bad? This year has featured extreme drought conditions. Then, cicadas and grasshoppers. Now, the Pacific Northwest is getting walloped by a nearly unprecedented heatwave. Portland, Seattle, and swaths of western Canada …
Proper inventory management is a top concern for retailers. Out-of-stock items and inefficient replacement strategies can result in lost sales, reduced customer satisfaction, and lower loyalty levels. In response to these challenges, companies like Walmart …
Dunkin’ has pulled the Beyond Sausage breakfast sandwich off its U.S. menu and no longer has it listed among the food items posted on the company’s website, reported Fox Business (June 23). ANALYST COMMENTS “We …
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 …
Here are trending economic and food industry data points, as well as major economic and company earnings releases for the coming week: retail sales, supply crunch, global forecast, earnings from Darden Restaurants (DRI), and more. …
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 …
Here’s a look into notable developments in the seafood market recently: SHRIMP’S ASCENT The global shrimp market size was valued at $31.6 billion in 2019, and is estimated to reach $54.6 billion by 2027, registering a CAGR of 9.2% …
Record-breaking temperatures and water shortages continue to pummel the agricultural industry across the western U.S. California farmers are scaling back production and uprooting crops as they struggle to navigate relentless drought conditions. Meanwhile, the impending …
The U.S. economy grew at a 6.4% rate in the first three months of the year, The Associated Press reported Thursday. The gains are setting the stage for what economists are forecasting could be the …
While the world looked to the second half of 2021 as the “Great Reopening” following the COVID-19 pandemic, it seems the “Great Backlog” is a more apt name for the current shipping paradigm. From sweatpants …
Strong grain prices, low interest rates and increasing exports are bringing stability to the rural economy, the June Rural Mainstreet Index from Creighton University indicates. Strong growth points to an improving farm economy featuring solid …
Israeli startup Future Meat Technologies Ltd. is in talks with U.S. regulators to start offering its cell-based meat products in restaurants by the end of next year. THE WORLD’S FIRST INDUSTRIAL CULTURED MEAT PRODUCTION FACILITY …
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 …
Despite the rapid growth of social media, many companies are just beginning to grasp the power of influencers, noted Kevin Brown, the chief marketing officer of Onbe, a payments partner for several brands. “To build …
Fast-food chains, such as McDonald’s and KFC, appear to be cutting discounts and pushing more expensive meals post-pandemic. QSRs are cutting back on $5-and-under “value” menu items in favor of $10-$30 meal combinations in order …
As demand for chicken products rises, and the meat industry addresses anti-competitive behavior, Sanderson Farms Inc. is reportedly exploring a sale. POSSIBLE SANDERSON SALE Sanderson Farms tapped Centerview Partners for advice on its potential sale …
Wingstop’s foray into chicken thighs is the industry’s newest testament to the growing power of the virtual restaurant. The company is launching Thighstop, a virtual concept “brand hack” that will serve up crispy chicken thighs for …
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 …
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 …
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. …
While The Food Institute has previously explored some NASA-inspired innovations in the agriculture industry, we’re going to stay somewhat closer to Earth and take a deeper dive into how The Internet of Things (IoT) has …
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 …
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 …
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 …
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 …
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 …
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 …
A strange thing happened as the U.S. started emerging from the pandemic: Rather than workers debating whether they wanted to go back to the office a few days a week or full-time, many just decided …
Here’s a look at the latest in agriculture news from throughout the U.S. this week. … USDA announces more than $1B disaster payments: The USDA plans to begin distributing more than $1 billion in Quality …
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 …
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 …
