Restaurants can now lease kitchen equipment from Welbilt

July 2, 2018 by Leave a Comment

“Restaurateurs have a new way to access kitchen equipment. Welbilt, a global provider of commercial foodservice equipment, has launched a leasing program to provide all of the hot, cold and beverage equipment needed to run a professional kitchen. The program is available to customers in the United States, Hubertus Muehlhaeuser, Welbilt president and CEO, said in a company press release.

Leasing allows them to change products, implement new technologies, create better efficiencies, get new warranties, update kitchen layouts, and even develop new menu concepts with little to no extra costs.”

Read more here.

Filed Under: Enterprise Insight, Global Market Buzz, Opportunities

How to Survive Year 1: A Reflection With 2018 JBF Best Chef Nominee

June 28, 2018 by Leave a Comment

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“What advice would you give other chefs looking to open their own restaurant?
Can I say “don’t do it”? Is that allowed? In Chicago, and across the country, every day there are new restaurants opening. Whether you are a chef or ops/FOH person, you better make sure you have a strong partner doing it with you. I would never recommend doing it without that. And be really f**king sure there is nothing else on this planet that you could do with your time. You should only open a restaurant if there is nothing else that is going to make you happy. It’s so hard and it’s so uniquely challenging and the competition is fiercer every day for guests and also for team members. The craziest thing is when you see somebody open a restaurant that does not have a chef partner and then you watch chefs go in and out; anyone without a strong partner is probably doomed for failure.”

Read the full interview here.

Filed Under: Cooking, Global Market Buzz, Meet The Owner(s), Operations

Millennial dining habits could spell trouble for food companies

June 27, 2018 by Leave a Comment

As food delivery apps and online ordering proliferate, the trend may eventually lead to significantly fewer people cooking at home. According to a UBS report cited by Business Insider, online food delivery may eventually comprise 10% of the total food services market, which would mean a jump from $35 billion in market share today to $365 billion by 2030.

Millennials are three times more likely to order food for consumption at home than their parents due to the convenience factor, the report noted, especially as more restaurants have the option of delivering food. But, as costs drop, especially if delivery drones and robots are used, ordering in may become so cheap that nobody will be making their own meals

To read more click here.

Filed Under: Enterprise Insight, Global Market Buzz, Heard on The Street, Operations, Opportunities

Dollar General goes on a hiring spree

June 26, 2018 by Leave a Comment

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During the next 10 days, the company hopes to fill positions in all 44 states where it operates. Open positions include regional and district manager roles, as well as supervisor and assistant director positions at the company’s distribution centers.

Retailers are working hard to secure quality talent. Target just raised its starting pay to $12 an hour and plans to bump that up to $15 by 2020. Walmart increased hourly pay to $11 and announced a tuition-assistance plan, while Kroger yesterday said it, too, will cover a portion of employees’ college costs.

To read more click here.

Filed Under: Global Market Buzz, Heard on The Street, Local Market Buzz, Openings

Danone plans to buy up to 25 food startups

June 25, 2018 by Leave a Comment

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Managing director Laurent Marcel told the news service that the fund is looking at sectors ranging from healthy drinks, snacks and baby food to alternative protein sources. The investment fund is also looking at areas throughout the entire agri-food chain for companies to purchase, including those that focus on everything from organic farming to new protein sources.

“Finding new protein sources will be a big challenge for the planet in coming year,” Marcel told Reuters. “Many companies are searching for non-animal proteins. This is typically a sector we could invest in.” The fund also hopes to find ways to attract new customers, such as subscription-based business models and home delivery.

To read more click here.

Filed Under: Enterprise Insight, Global Market Buzz, Local Market Buzz, Operations, Opportunities

Fresh foods continue to drive in-store sales, report notes

June 20, 2018 by Leave a Comment

“Fresh foods are driving 49% of dollar growth across fast-moving consumer goods categories at retail, according to a report from Nielsen. In all, fresh and perishable foods account for $177 billion in sales.

Although e-commerce sales continue to grow, Nielsen says companies looking for immediate growth opportunities shouldn’t ignore the perimeter of their stores, noting fresh and perishable foods generated sales nearly 14 times as high as all online food and beverage sales this year. The report suggests supermarkets looking to grow their fresh sales should look beyond a category-specific approach and take a more holistic view that leverages opportunities across the produce, bakery, deli and meat departments.”

To read more click here.

Filed Under: Global Market Buzz, Heard on The Street, Operations, Opportunities, Trending Now

Nestle planting seeds in new frozen food brands

June 18, 2018 by Leave a Comment

“Nestle S.A. will invest in Outsiders Pizza Co. and Wildscape while giving them time to make their mark in the frozen food category. The two brands are examples of new innovation models called “internal incubators” by Nestle.

“What we try to do there is to reproduce what start-up companies would do but benefitting from the scale and the strength of Nestle,” said Laurent Freixe, executive vice-president of Nestle S.A., on June 13 at the Deutsche Bank’s dbAccess Global Consumer Conference in Paris.”

To read more click here.

Filed Under: Global Market Buzz, Heard on The Street, Opportunities

Low price growth signals tight financial times for grocery

June 14, 2018 by Leave a Comment

“As prices fall or stay the same for many grocery items, consumers will rejoice — or they may not notice. But grocers notice in a big way. Already low margins have shrunk even further, and there is less room to cut costs in order to stay competitive. Last month’s prices only increased in one sector. They decreased 1.3% for nonalcoholic beverages, 0.6% for dairy, 0.4% for produce, and 0.2% for bakery products, according to BLS statistics. The increase in meat, poultry, fish and egg prices just barely pulls grocery stores into having net higher prices.”

Read more here.

Filed Under: Enterprise Insight, Global Market Buzz, Operations, Uncategorized

Employee touching hair then preparing food leads to failed inspection.

June 13, 2018 by Leave a Comment

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“SAN ANTONIO – A sushi restaurant in the Blue Star complex failed a city health inspection last month after an employee was seen touching their hair then continuing food preparation work. The inspector also noted that the restaurant needed, “an overall cleaning and organizing of personal and establishment food and dish wares.”

“Metropolitan Health Department records confirm that Sukeban had corrected all of its violations.”

To read more click here.

Filed Under: Enterprise Insight, Global Market Buzz, Uncategorized

How Restaurants Are Winning Over The Youngest Diners

June 13, 2018 by Leave a Comment

“Kids menus—particularly at chain restaurants—have taken a beating for being unhealthy, uninteresting and unevolved. But while parents have pushed for the elimination of sugary soft drinks and the addition of fruit and veggies, it’s not just healthier menu choices that make a restaurant kid-friendly. Service, ambiance and the dining experience as a whole matter to parents and their children—especially the largest group of parents: millennials.”

Read more here.

Filed Under: Events, Global Market Buzz, Operations, Opportunities, Uncategorized
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