Will Consumers Sour On ‘Nature-Identical’ Sweeteners From A Lab

July 13, 2018 by Leave a Comment

“Natural sweeteners are popular with consumers, especially as people look for healthier and lower-calorie substitutes for sugar. Manufacturers facing upcoming government requirements to list added sugars on their Nutrition Facts labels also are looking for ways to reduce sugar content in their products.”

“One technique involves fermenting genetically engineered yeast to develop the most desirable sweetness compounds from the stevia plant. Companies say the process uses less energy, water and land.”

Read more here.

Filed Under: Enterprise Insight, Opportunities

Walmart to Enter New York City – Not With a Store, but an Ecommerce Center

July 11, 2018 by Leave a Comment

“Walmart’s Jet.com is testing same-day grocery delivery in New York, as it dials up its efforts in the battle for online customers. The retailer announced Tuesday that it will open up a fulfillment center in the Bronx for Jet.com, the e-commerce start-up it acquired roughly two years ago. The fulfillment center will serve as the base for the delivery of goods like groceries and Apple electronics.”

“The move comes as Walmart has been investing heavily in its online grocery business. It previously announced plans to expand its online grocery delivery service to a fleet of roughly 800 stores by the end of the year. It has also been re-outfitting its stores to support mobile and online delivery, as well as converting some of its Sam’s Clubs into distribution centers for Walmart’s online grocery business.”

As of now, though, the Bronx warehouse will only store Jet inventory and the service will only deliver Jet goods.”

Read more here.

Filed Under: Global Market Buzz, Operations, Opportunities

Concession Opportunity: Farmer’s Market at Fordham Plaza

July 11, 2018 by Leave a Comment

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Filed Under: Local Market Buzz, Opportunities

Queens Night Market Might Be the New Yorkiest Food Fair of All

July 10, 2018 by Leave a Comment

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“Queens Night Market is midway through its fourth season behind the New York Hall of Science in Flushing Meadows–Corona Park. When you first arrive a little before the gates open at 6 p.m., the alfresco food bazaar seems, with its concrete lot and frenzied vendors bracing for the mob, much like any other. But as the evening progresses, you start to notice the distinctions: the diverse crowd, both in ethnicity and age; unexpected amenities like portable sinks and a curtained ATM; the calm and patient geniality of the vendors, happy to explain their food and culture; the aromas permeating the lot, uniting farflung points on the globe in one gloriously multicultural cookout.”

Read the full article here.

View more details about the event here.

Filed Under: Events, Heard on The Street, Opportunities, Trending Now, Uncategorized

How Can Grocers Drive Alcohol Sales in an Ecommerce World?

July 5, 2018 by Leave a Comment

“Something strange is happening when consumers move their grocery spending online: They don’t buy alcohol. In a brick-and-mortar supermarket, around 5 percent of consumer spending goes to alcohol, according to data from Progressive Grocer.When a consumer shops for groceries online, however, only 0.7 percent of every dollar goes to the alcohol aisle.”

“In other words, alcohol’s share of grocery spending is 85 percent lower online than in brick-and-mortar stores.”

“If alcohol sales continue to underperform online and if online grocery sales grow as fast as analysts expect, then supermarkets could lose $3.9 billion in annual alcohol sales per year by 2022. That’s an astounding turnaround, considering that between 2011 and 2016, alcohol was the fastest-growing category in grocery.”

Read more here.

Filed Under: Operations, Opportunities

How To Design A Restaurant Menu

July 3, 2018 by Leave a Comment

“Everyone has been to a restaurant where the menu has really stood out from the crowd. But everyone has also been to plenty of restaurants where the menu looks exactly the same as dozens of other menus, just filled with different information.”

“Handling your own restaurant menu design can sound like a daunting task if you don’t have a design background or the funding to bring in the pros, but rest assured that it isn’t anything the average restaurateur can’t handle with a little bit of the right information.”

To read more click here.

Filed Under: Enterprise Insight, Openings, Opportunities, Uncategorized

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

Tulum’s Gitano Opens Tropical Outdoor Soho Restaurant

June 27, 2018 by Leave a Comment

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“The 24,000-square-foot seasonal restaurant from co-owners James Gardner and Melissa Perlman opens to the public at 76 Varick St., at Canal Street.A representative tells Eater that the menu of Mexican fare, cooked on open fire, will be limited until mid-July. At a preview on Thursday night, dishes included grilled avocado with almonds, ceviche verde with lychees, and chicken tinga on sopes, according to a statement.”

“It’s a massive enterprise, packed with some 400 seats and bar area, including lots of wooden furniture, loungey seating, and tons and tons of plants to make the space mimic the jungle of the original outpost. An urban farm, a clothing boutique, a meditation area, and a coffee bar are also on the grounds.”

Read more here.

Filed Under: Events, Openings, Opportunities, Trending Now

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

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
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