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:
Shake Shack reported same-store sales dropped 48% during second quarter 2020. Same-store sales were down 64% in April, and 42% in both May and June. Additionally, six Shake Shack locations remained closed, reported Forbes. Full Story
About one-third of Americans said they plan to continue cooking at home more after pandemic restrictions lift, according to a survey conducted by Bloomberg News and Morning Consult. In particular, Gen Z respondents showed an affinity for home-made meals, with 43% saying they will make their own food more often in the future. While this contributes to declining restaurant revenue, it can factor into companies like General Mills' increased sales, reported Bloomberg. Full Story (Subscription Required)
BluNalu signed a memorandum of understanding with Pulmuone, a South Korea-based company that specializes in wholesome and environmentally-friendly food products. The companies will collaborate in areas such as marketing, regulatory, operations, and distribution with an aim to bring BlueNalu's cell-based seafood products to South Korea after the launch in the U.S. Full Story
Poland-based FoodCare Group is aiming to create a distribution network in the U.S. and Canada and signed a letter of intent with LeanLife Health. The LOI provides six months for the companies to finalize agreements during which FoodCare has committed exclusivity to LeanLife. Meanwhile, LeanLife vowed full support and commitment to launch products under the Iron Energy Drink brand as well as other FoodCare brands in the target markets. Full Story
The research group Motif Foodworks partnered with two universities on work to improve the texture and taste of plant-based meat substitutes. The University of Illinois at Chicago and the University of Illinois at Urbana-Champaign will contribute expertise in the area of "soft solids," studying the behavior of matter in a liquid state. Full Storyread more
Upper Saddle River, NJ (February 11, 2020) - The Food Institute, a New Jersey-based news and market research company founded in 1928, is proud to announce the appointment of Richard Bei as Chief Operating Officer and Head of Data Science.
Uber launched grocery delivery services under its Eats Pass and Uber Eats programs, reported Tech Crunch (July 7). The company launched in 19 cities in Brazil, Canada, Chile, Colombia, and Peru, with plans to expand into the U.S. market in Miami and Dallas later in...read more
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