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:
PepsiCo Inc. entered into an agreement to acquire SodaStream International Ltd. for $3.2 billion. The acquisition is expected to position SodaStream for further expansion and innovation. Full Story
Bojangles' will close underperforming restaurants, eliminate unpopular menu items and re-examine its expansion plans, in an effort to improve the chain's financial health. It will close 10 company-operated stores in the coming months across four states, and remove four "very slow moving" menu items at company-operated restaurants, reported The Charlotte Observer. Full Story
Annual food loss and waste is expected to grow to 2.1 billion tons, worth $1.5 trillion, through 2030, according to Boston Consulting Group. The report notes companies can address the issue by investing in cold chain supply systems, adopting digital technology to minimize loss and waste, improving collaboration between agricultural producers and food processors, and advocating for changes to regulations and tax policies. Full Story
The U.S. dropped a proposal to put seasonal curbs on some agricultural exports to the U.S. as part of NAFTA, according to Mexico's National Agricultural Council. The council's VP for foreign trade claims the move followed a lobbying effort that sought to show the seasonality proposal stood to benefit a small fraction of U.S. agricultural producers while putting many other U.S. farmers at risk from Mexican retaliation, reported Reuters. Full Story
California proposed a measure to curb children's consumption of sugary drinks. If signed into law, the bill would require restaurants to serve water or milk with kids' meals instead of soda or juice. Several cities in the state have already enacted similar rules, reported CBS News. Full Storyread more
The Food Institute and asset solutions partner Harry Davis & Company are teaming up to deliver a free webinar on June 19 entitled “Understanding Your Assets: Expert Strategies for Food & Beverage Processors.” They will explore what value food manufacturers may be leaving on the facility floor, the basics of asset management, the various scenarios for valuing your assets, and a suite of strategies to maximize your assets’ value.
10 Mountainview Road
Upper Saddle River, NJ 07458
Food Institute reps are available to answer your questions
BECOME A MEMBER
For close to 90 years, The Food Institute has been the best "single source" for food industry executives, delivering actionable information daily via email updates, weekly through The Food Institute Report and via a comprehensive web research library. Our information gathering method is not just a "keyword search."