Sunday, July 15, 2018
Hershey’s, Oreo, and M&M’s were named three of the top ten most trustworthy brands among consumers ages 13-36, coming in at #3, #5, and #6 respectively. Ybrands determined this year’s ranking by surveying 80,000 young people about their perceptions of...
We all fall behind on our reading from time to time, but we’ve got you covered. Here are the articles our readers enjoyed most last month. 1. Will Millennials Kill Kitchens? Millennials are drastically changing the food industry —...
The food industry, the manufacturing sector, and the overall economy all continued their growth streak in June, according to the latest ISM report. However, tariff concerns are top of mind, and some food companies are moving some production to...
Looking to cut your food processing operating costs? Consider relocating to Great Falls, Montana. According to a new study, annual operating costs for a 325-person food processing plant are 25% lower in Great Falls than they are in Boston. This...
Between 2015 and 2017, specialty food saw sales growth of 12.9%, compared to 1.4% for all food at retail, according to the State of the Specialty Food Industry 2018 report from the Specialty Food Association. That brought the total market...
May’s food prices remained unchanged, according to the latest CPI data. The index for food at home fell 0.2% in May, swinging the pendulum back from a sizable increase in April. Nonalcoholic beverages was the only index to increase,...
Almost all (98%) U.S. CEOs are confident about their companies’ growth prospects, according to the KPMG 2018 U.S. CEO Outlook. At the same time, they’re forecasting only moderate growth in revenue while acknowledging challenges including digitalization and “Millennialization.” Here...
Move over health food. Consumers want beer and chocolate, Forbes says. This year’s Forbes Global 2000 list identifies Anheuser-Busch InBev as the largest food and beverage company in the world, displacing Nestle, which is now second. PepsiCo didn’t make...
“Very difficult to hire skilled and unskilled labor.” That’s the representative quote from food, beverage, and tobacco industry respondents in the May 2018 ISM report. Employment challenges were also top of mind in March and April, when respondents specifically...
May was chock-full of positive news and insightful information for the food industry. If you didn’t have time to read the headlines, don’t worry — just take a few minutes to check out May’s most-read pieces. 1. General Mills...