Nothing says summer like ice cream! You're sure to find the perfect summer treat to serve. Find novelty treats, new flavors, cones and more! Click here to view the guide.
Foodservice food and beverage suppliers showcased the latest innovations at the National Restaurant Show held in Chicago May 21-24. Scattered among long-established Windy City brands, such as Vienna Beef, Eli’s Cheesecake and Grecian Delight, were restaurant operators from around the world sampling products that speak to consumer trends and at the same time ease the struggles the industry is facing in terms of labor and economics. Click here to read the full article.
Food inflation and rising costs have increased the price of a foodservice meal over the past few years, up 9% in April compared to April 2019, contributing to a 4% decline in consumer visits to U.S. restaurants this April compared to a year ago, reports The NPD Group. Restaurant traffic in April was 11% below the pre-pandemic level in April 2019. The 1% increase in consumer spending at restaurants in April versus a year ago was more a reflection of higher prices than increased use of restaurants, according to NPD’s daily tracking of the U.S. foodservice industry. Click here to read the full article.
The latest data from Iowa Workforce Development shows 10,300 jobs were added to the payrolls at Iowa restaurants and hotels over the last 12 months. “It’s no surprise that we would be showing growth, but I can tell you we would show substantially more growth if there were more people out there to hire,” Jessica Dunker, president and CEO of the Iowa Restaurant Association, said. Click here to read the full article.
Acosta, a global integrated sales and marketing services provider in the consumer packaged goods (CPG) industry, released its sixth edition of The Why? Behind the Dine, a research report providing foodservice-specific insight bolstered by the expertise of its CORE Foodservice division.
Acosta's findings show that while most consumers (54 percent) are dining out less often due to inflation, about one-third are choosing to trade down rather than trade out, opting for less expensive restaurant and meal options to counter rising prices. Click here to read the full article.
With prices across the economy — from food, gas and rent to cars, airfares and hotel rooms — soaring at their fastest pace in decades, you might think Americans would tap the brakes on spending.
Not so far. Consumers as a whole are showing surprising resilience, not only sustaining their spending but increasing it even after adjusting for inflation. In April, the government said, retail sales outplaced inflation for a fourth straight month. It was a reassuring sign that consumers — the primary drivers of America’s economy — are still providing vital support and helping allay concerns that a recession might be near. Click here to read the full story.
Smaller carriers multiplied in 2020-21 as COVID-19 ebbed, demand surged, and spot-market rates favored them. But this trend appears to be doing a 180-degree turn, as Truckstop.com findings show that 51% of these operators are considering changing jobs. Click here to read the full story.
Tyson Foods Inc. will invest $1.8 billion as it opens 12 meat plants over the next two years that are expected to increase the Springdale, Ark.-based processor's annual capacity by approximately 1.3 billion pounds.
“Consumer demand for protein has remained strong, and we are taking deliberate actions by segment to improve our volumes to better meet customer needs, including investing in new capacity,” said Tyson President and CEO Donnie King told analysts at the presentation covering the company's second quarter earnings earlier this month.
Currently on the Tyson docket are seven overseas processing facilities in addition to two U.S.-based beef and pork plants and two domestic value-added chicken processing plants.
“The construction of new plants continues to progress,” King continued. “This additional capacity will enable our team to address capacity constraints and better serve growing demand for protein across all segments. Along with ramping up utilization of our newest plant in Humboldt, Eagle Mountain and Thailand, we have four plants expected to commence operation in the fourth quarter of fiscal year 2022.”
The plant announcement comes on the heels of Tyson’s report of strong second-quarter sales and increased revenue guidance.
Highly pathogenic avian influenza (HPAI) infections have now affected 344 commercial and backyard flocks in 35 states, USDA said in its latest update.
More than 38 million birds have been affected in the outbreaks, which include 57,000 turkeys at a commercial farm in Minnesota’s Dakota County, the agency confirmed over the weekend. USDA’s Animal and Plant Health Inspection Service (APHIS) in recent days also confirmed New Jersey’s first case of HPAI of 2022 in a non-commercial backyard poultry flock in Monmouth County. APHIS says it is working with state animal health officials on a joint response to the outbreak.
Inflation is inseparably linked to the supply chain," former Home Depot CEO Bob Nardelli told Yahoo Finance Live. "I look at a global view of the container ships around the world and we have well over 550 ships right now floating on the water waiting to get unloaded. We have an equal number of tankers floating on the water ready to get unloaded." Inflation appears to be spilling into all parts of the economy, with one primary reason being ongoing supply chain constraints. Click here to read the full article from Yahoo! Finance.
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