Natural and organic labels, which have long been present on food and beverages in the grocery channel, are increasingly popping up on away-from-home menus. According to a recent Multi Client Study by Technomic Inc., more than 1 in 5 Top 500 Restaurant Chain Menus offer items described as “natural” or “organic”, and 4 in 5 operators that offer natural and organic menu items say these options have driven sales and traffic. With results like that, it is important that suppliers and operators in the foodservice industry understand the drivers of the trend and the potential impact on the industry and on their business…READ MORE
KEEP READINGHDFC Bank’s two-year-old milk-to-money programme, which has been extended to 12 states, is now seeing demand from milk procurers all over the country…READ MORE
KEEP READINGThe seven-year old company posted sales of Rs 72 crore for 2015-16, up from Rs 32 crore in the previous year. Its net loss in 2014-15 was Rs 22.6 crore…READ MORE
KEEP READINGA new $240 million mozzarella plant will be built at Fonterra Clandeboye, in South Canterbury, in what will be the single biggest foodservice investment in the history of New Zealand dairy. The site, just north of Temuka, will be cemented as the largest producer of the natural cheese in the Southern Hemisphere…READ MORE
KEEP READINGConsumer confidence is set to falter in 2017 prompting foodservice growth to continue to slow, according to foodservice analyst Horizons. The firm said economic uncertainty ahead of Britain’s exit from the European Union is likely to prompt consumers to reduce their discretionary spend and seek better value for money from operators…READ MORE
KEEP READINGMintel, a leading market intelligence agency, announced the four key trends set to transform the US foodservice industry in 2017—highlighting ingredient, technology, and experience trends expected to make an impact on the market…READ MORE
KEEP READINGEuromonitor Internationalwhich is a market research organisation on consumer products, commercial industries, demographics trends and consumer lifestyles in India today said industries with low income elasticity, such as hot drinks, home care and packaged food etc are less likely to be impacted adversely due to the short-term cash crunch…READ MORE
KEEP READINGSears Canada, which has been struggling with store closures and sagging sales, said Friday it will venture into the grocery business in an effort to lure shoppers…READ MORE
KEEP READINGWith 12 days left until Christmas, Walmart is vying to be the online and in-store destination for procrastinators by beefing up purchasing and pick-up options for shoppers…READ MORE
KEEP READINGChennai may have had another tryst with extreme weather – Monday’s cyclone Vardah with wind speeds of 120+kmph – but former chief minister J Jayalalithaa’s most far-reaching welfare project, the Amma canteens, ensured that the city did not have to bear the ordeal on an empty stomach…READ MORE
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