Weekly Roundup – Week of 9.30.24
October 4, 2024
Discover the latest news and trends in the food and beverage industry – all curated by our team of strategists and food enthusiasts:
Hurricane Helene’s Impact On U.S. Food Production
The devastation caused by Hurricane Helene dominated the headlines this week, including coverage from food industry outlets. Hurricane Helene’s destruction in the Southeastern U.S. is impacting the food industry significantly, as it halts poultry production and damages critical crops like pecans, peanuts, and citrus. With winds up to 140 mph, the storm has caused over $1 billion in estimated agricultural production losses, potentially leading to long-term effects on crop yields and supply shortages. This disruption could strain the food supply chain, particularly for poultry and key agricultural products, impacting both production and prices across the country. Learn More
How Should Food Manufacturers Approach AI to Ensure Success?
Many food manufacturers have embraced AI, but a new study suggests that expectations often don’t match the reality. While companies like Unilever and Heineken are leveraging AI for cost-saving and product innovation, some manufacturers struggle to see tangible benefits. The issue? A lack of clear strategy and expertise. To truly capitalize on AI, manufacturers need to focus on solving specific problems within their supply chain rather than succumbing to the hype. Moving forward, understanding the practical applications and having a strategic approach will be key for manufacturers aiming to achieve real results with AI. Read More
Looking Ahead: Top Restaurant Industry Events To Attend In 2025
With 2025 around the corner, it’s time to plan for the many restaurant conferences and conventions slated for next year. While some shows are still to come this year, others have already released agendas and speaker lists covering finance, tech, franchise strategies, and consumer trends. Restaurant Dive has highlighted nine of the most anticipated restaurant events for 2025 to help you plan your travel budget wisely. Find the list Here
Consumer Trust in Food Information: Key Insights from IFEC
A recent study by the International Food Information Council (IFIC) surveyed U.S. consumers to gauge their trust in the science behind food, nutrition, and diet. The outcomes reveal significant insights for food companies looking to connect and build relationships with new customers and build trust and loyalty with existing ones. Here are some key findings from the survey:
- Fewer than 40% of Americans express strong trust in food and nutrition science.
- The most trusted sources for food information are food and nutrition scientists, medical professionals, and registered dietitians.
- University-affiliated food scientists are more trusted than those from the food industry or government.
- 40% of Americans seek additional information online after encountering headlines about food and nutrition.
- Over half of Americans participate in private social media groups focused on food topics.
- Two-thirds are more likely to trust advice from a registered dietitian.
AI-Powered Forecasting Helps Albertsons Cut Food Waste & Improve Freshness
Albertsons is piloting Afresh’s new AI-powered forecasting tool across produce, meat, seafood, deli, and foodservice for 17 distribution centers. This tool, called Afresh DC Forecasts, uses AI to automate demand forecasting, incorporating factors such as promotions, seasonal trends, and holidays to improve accuracy and reduce food waste. The solution aims to maximize product freshness, save buyers time, and enhance service levels to stores. This initiative supports Albertsons’ goal of achieving zero food waste in landfills by 2030 and expands Afresh’s technology beyond grocery stores for the first time. Read More
Every Friday we curate the latest food and beverage industry news and trends. Stop back every week for more!
