Monday, June 18, 2018
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...
People who don’t already shop for groceries online aren’t likely to start. Brand name is the most important factor in whether consumers are willing to pay extra. And companies that want to sell more products should label them “fresh,”...
Last week, the FDA denied a Grocery Manufacturers Association petition to allow the continued use of artificial trans fat in some applications. The Fight Against Artificial Trans Fats Eating high amounts of trans fats can increase the risk of...
The U.S. organic food sector is up 6.4% over last year, reaching $45.2 billion in sales, according to the 2018 Organic Industry Survey. Although the rate of growth in 2017 was slightly lower than in 2016 (6.4% vs. 9%),...
The food industry’s diversity initiatives could use a boost, based on the results of DiversityInc’s 18th annual Top 50 Companies for Diversity list. Only four food companies, Kellogg Company, The Hershey Company, McCormick & Co., and agrochemical and agricultural...