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How Growth Engineering Helps Manufacturing Companies Get Ahead

In Sales and Marketing, Trends by Guest Author0 Comments

By David Folwell According to the results of Food Processing’s 2017 Capital Spending Survey, food manufacturers planned to spend $17.6 billion on capital projects this year. How much of that business did your company earn? Do you often find that by the time you hear about a new project, your competitors have already had a meeting and are starting to …

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Transparency, Healthy Choices Critical for Long-Term Success in Shifting Marketplace

In Research, Trends by Hilary Smith0 Comments

Food retailers and manufacturers should focus on transparency and healthy choices for consumers to ensure long-term success, according to the 2017 U.S. Grocery Shopper Trends report. The report examines the shifting marketplace, including consumer shopping trends, retailer success strategies, and the demand for transparency across the entire supply chain. A changing marketplace The “who” and the “where” of grocery shopping …

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Food & Beverage Companies Predict Profit Gains, Reveal Growth Strategies

In Research, Trends by Hilary Smith0 Comments

2017 is projected to be a profitable year for the food and beverage industry, according to data in the Mazars USA 2017 Food & Beverage Industry Study released last month. Despite the positive outlook, new government regulations, consumer expectations, food safety, and other industry complications pose significant challenges. The annual study provides valuable insight into the trends, challenges, and opportunities …

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Millennials Prioritize Food Health, Sustainability

In News, Trends by Hilary Smith0 Comments

When it comes to making food purchasing decisions, Millennials prioritize health, taste, sustainability, and company transparency, according to a recent analysis of 12.5 million social media posts and other online commentaries. The study, conducted by CBD Marketing, found consistent likes and dislikes among Millennials. Millennials represent $10 trillion in lifetime buying power. Smart businesses can take advantage of these insights …

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Survey: Millennials Three Times as Likely to Ignore Product Recalls as Boomers

In Food Safety, News, Trends by Hilary Smith0 Comments

Manufacturers need to find a better way to reach Millennials if they want them to comply with product recall notices. Millennials are the least likely age group to comply with food, pharmaceutical, motor vehicle, and consumer electronics recall notices according to a survey of over 1,000 Americans conducted by Stericycle Expert Solutions. In fact, 18% of Millennials (age 18-35) say …

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Food Industry M&A Inched Upward in 2016

In Trends by Krista Garver0 Comments

The food industry saw 505 mergers and acquisitions in 2016, according to the Food Institute as reported by Food Processing. This is up a smidge from 2014, which saw 503 deals, but still way below the record of 813, recorded in 1999. Among industry segments, food processors were the most active, beating their 2015 M&A activity by 6%. This movement was …

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Foodies Sacrifice Cost and Convenience for Quality

In Press Releases, Trends by Press0 Comments

2017 Food and Health Survey Finds that Foodies Are More Confident in Their Nutrition Know-How and Have Their Own Take on “Healthy” WASHINGTON, /PRNewswire-USNewswire/ — You might describe yourself as a “foodie” if you post photos of your avocado toast on social media or gift homemade jam with fruit from your garden. But being a “foodie” means much more than this. According to …

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Availability, Quality, Delivery Top Factors When Selecting Replacement Part Suppliers

In Research, Trends by Krista Garver0 Comments

Product availability, product quality, and on-time delivery are the three most important factors for food processors selecting suppliers for replacement parts, according to the most recent study by Food Engineering. Lowest price, electronic ordering and order tracking, and national or global service capabilities ranked at the bottom. The survey also found that processors are spending less on replacement parts. More than half …

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Consumers Hold Food Companies Responsible for Healthy Diets

In Research, Trends by Krista Garver0 Comments

Globally, nearly 9 in 10 consumers say that food companies are responsible for ensuring their diet is healthy, according to a study by Surveygoo and Ingredient Communications, as reported by New Food Magazine. The survey explored where consumers put the burden of responsibility for food healthiness, as well as where consumers get their information about food. Consumers in western countries …

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Ag Producer Sentiment Strengthened in July

In News, Trends by Kristen Runvik0 Comments

Following months of stagnation, ag producer sentiment got a boost in July, as reported in the latest Purdue University/CME Group Ag Economy Barometer. The overall ag producer sentiment barometer hit 139 last month — the second highest level since the barometer began in October 2015. While the year started with ag producers feeling optimistic about the future, they are now …