Foodservice operators and distributors need to have facts at their fingertips every day to compete in a crowded marketplace where business requires knowing consumer trends as well how much that will cost. Foodservice members of the Food Institute will be able to:
CDC expanded its warning regarding romaine lettuce to include all types of the product, including whole heads, hearts, chopped, and salads and salad mixes containing romaine sourced from Yuma, AZ. The expanded warning was issued after new E. coli illnesses reported in Alaska were linked to whole heads of romaine lettuce from the growing region. Full Story
The Wendy's Co. plans to open more than 600 restaurants across the globe by 2020. Many of its new restaurants will be part of the Smart 2.0 design, which reduces environmental impact with a smaller footprint and features that promote energy efficiency. The design is part of the company's commitment to reduce the amount of energy used in company-owned and operated restaurants by 20% by 2025. Full Story
MOD Pizza was named the fastest-growing restaurant in the U.S., according to a study by Kalinowski Equity Research. The company's systemwide sales in 2017 increased more than 80% to $270 million. Blaze Pizza, Shake Shack, First Watch and Cooper's Hawk rounded out the top five, reported CNBC. Full Story
Domino's Pizza launched a voice recognition application to take telephone orders at its stores. The virtual ordering assistant is currently being tested on phones in 20 locations across the U.S. and Domino's plans to expand the platform to more stores in the coming months. Full Story
The global low-fat dairy beverages market is expected to grow at a CAGR of 3% through 2022, according to research by Technavio. The introduction of new flavors is one of the key emerging trends driving the market, while one of the major growth drivers is the increase in health consciousness among consumers. The low-fat milk segment held the largest market share in 2017, and the fastest-growing product is low-fat yogurt drinks. Full Story
Impossible Foods is making a second attempt to gain FDA approval for its plant-based meat. Initially, FDA said the plant-based heme, which gives the Impossible Burger its meaty smell and taste, required more evidence to prove its safety. Impossible Foods submitted over 1,000 pages of data, which FDA is currently evaluating, reported Bloomberg. Full Story
Whole hard-shell lobster prices rose as high as $15 a pound this spring, up from about $8 a pound last year. The price increases are due to a shortage created by a combination of bad weather, international demand and iced-over Canadian fisheries, reported The Boston Globe. Full Storyread more
Upper Saddle River, NJ - Food industry M&A hit a record total in 2017, reaching its highest point in over 15 years, according to The Food Institute’s recently released Food Business Mergers & Acquisitions 2017 report. Total deals for the year climbed to 591, moving well past 2016's high of 505 deals, but still remaining under 1999's record 813 deals.
Currently, the U.S. is contending with a salmonella outbreak linked to shell eggs and an E. coli outbreak linked to romaine lettuce. Although neither has claimed a life as of press time, experienced food industry professionals know that tainted food can cause significant losses of life and productivity. In fact,...read more
Consumer trends have been shifting to the perimeter of the supermarket, as shoppers opt for more fresh and unprocessed foods. However, the center store is still important to customers, particularly the upcoming Gen Z generation, which is increasingly influencing grocery purchases.read more
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