Industry News
About
46% of restaurant franchisees expect to add to their unit counts in
2010, according to a study conducted by SunTrust Robinson Humphrey
Inc. Approximately 19% plan to close stores. Casual-dining chains
were less optimistic about 2010 than quick-service operators, reported
Nation's Restaurant News. Full
Story (Free Registration Required)
Some
18% of CPG consumers bought lower-priced brands in the past two
years, according to McKinsey research. Of the consumers who switched
to less expensive products, 46% stated they performed better than
expected, and the large majority of these consumers noted the performance
of such products was much better than expected. As a result, 34% of
the switchers stated they no longer preferred higher-priced products,
and an additional 41% stated that while they preferred the premium
brand, it "was not worth the money." Full
Story
Convenience,
value and flavor are three trends in the convenience store channel
with staying power, according to Catherine Porter, senior customer
marketing manager for c-stores at Sara Lee Foodservice. Although the
company is registering a decline in morning business, lunch, afternoon
and weekend visits are increasing, noted the executive, reported Convenience
Store News. Full
Story
View
Today! Click
here to watch The Lempert Report, featuring data from The
Food Institute. The Dec. 10 report focuses on changes in food safety
law. In addition, the video details a recent SupermarketGuru.com quick
poll on coffee. Notably, some 65% of Americans wake up with a hot
cup of coffee. About 51% patronize a coffee shop at least once per
week and some 30% visit two to three times a week.
 Are
you familiar with FDA's Reportable Food Registry?
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Food
stamp redemptions at Kroger chains were higher in the last three months
than in any other period Kroger's chief executive David Dillon could
recall. "The [economic] environment is a new game. I have never seen
anything like this," Mr. Dillon claimed, reported The Los Angeles
Times. Full
Story (Free Registration Required) Willard Bishop and the Food
Institute presented The Future of Food Retailing Webinar, which
highlighted future trends in the industry. Certain retailers are leveraging
the economic downturn to their advantage, which will change the landscape
for suppliers and retailers as a whole. To purchase a recording of
the webinar for $149, click
here. FI Members, pay $99 with your Member Rewards Card!
The
Fall 2009 issue of the Othodox Union's magazine, Beyond the Union
Symbol, features articles on Jelly Belly and jams and jelly.
Full
Story
Food Institute News
Register Today! Part two of the Listeria Control and Regulation
webinar, presented by the Food Institute and Olsson Frank Weeda Terman
Bode Matz PC, will be held at 12 p.m. (EST) Dec. 16. Topics to be
addressed include root cause analysis and corrective preventive measures
when Lm is discovered and how to respond to the government when an
agency requests a recall or threatens enforcement actions as a result
of Lm positives. To sign up or learn more, click
here.
|
 ICS
Logistics
Jacksonville,
FL-based ICS Logistics provides expertise and services of World
Class Quality through their family of companies. ICS Logistics
operates Industrial Cold Storage, Jax Port Refrigerated Services,
Global Stevedoring (Jacksonville, FL; Mobile, AL; New Orleans,
LA) ICS Logistics Transportation, Mobile Refrigerated Services
and COASTAL MARITIME.
To learn more about this 7-year Food Institute member visit:
www.icslogistics.com.
Interested
in seeing your company featured here? Email
us for more details.
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* Members only
International News
Cargill Australia entered into an agreement to purchase Goodman
Fielder's Commercial Edible Fats and Oils business for A$240 million.
Full
Story
Clover SA agreed to sell its 45% shareholding in the joint-venture
Danone Clover to Groupe Danone for approximately €100 million.
Full
Story
Health News
Drinking coffee could help to cut the risk of advanced prostate
cancer, claims a Harvard Medical School study. Researchers found
that the heaviest consumers had a 60% lower risk of aggressive tumors
than men who did not drink any coffee, reported BBC News. Full
Story
Washington News
A bankruptcy judge plans to approve the exit plan submitted by
Pilgrim's Pride, according to a company spokesman, reported
The Dallas Morning News. Full
Story (Free Registration Required)
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Regulating
The New Social Media ...
What You Need To Know Before You "Tweet"
A Food Institute Webinar
Recording Now Available! Many food
companies have found a new avenue to promote their products
and services via the new "social media" such as Twitter
and Facebook. But what regulatory and legal repercussions
might companies face in using social media outlets? The
Food Institute assembled a panel of experts from government
and the private sector to discuss this up and coming means
of advertising. To purchase the recording, click
here.
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Market News
The
Florida all orange forecast, at 135 million boxes, is down 1%
from the previous forecast and down 17% from last season's final utilization.
Early, midseason and navel varieties in Florida are forecast at 69.0
million boxes, unchanged from October but 18% lower than last season.
Meanwhile, pecan production is forecast at 301 million-lbs. (utilized,
in-shell basis), down 3% from the October forecast but 55% above the
2008 production. Crop
Production Report
The Daily Update is a substantially abbreviated version of Today
In Food. You can get a subscription to Today In Food, which usually
has over 30 news items each day, as well as access to the archives
for just $49.95 per year. Click
here to sign up.
