Weekly Roundup – Week of 1.12.24
January 19, 2024
Explore this week’s trending food and beverage-related stores – curated by our team of strategists and food enthusiasts:
Navigating Challenges in K-12: Highlights from SNA’s School Nutrition Conference
The SNA’s School Nutrition Conference this year provided a collaborative platform for attendees to address key challenges in the K-12 sector. Discussions centered around preparing for the integration of artificial intelligence in schools, enhancing communication between distributors and operators amidst supply chain disruptions, and individual schools establishing stronger connections with their communities. The conference served as a vital space for educators and administrators to explore innovative solutions and strategies for the evolving landscape of school nutrition. Read More.
Grocery Shoppers Seek New Experiences and Ways To Save
As shoppers become more familiar with e-commerce and comfortable with digital technologies, they desire even more advanced capabilities, in-store activations, and saving opportunities. In fact, consumers who currently “click or clip” coupons want a more tailored approach with 71% seeking universal coupons to be used across all retailers and 70% desiring auto-loaded, personalized digital coupons. Consumers also cite that cutting-edge technologies such as smart carts that calculate the cost of groceries in real-time and digital screens on shelves that provide nutritional and pricing information would improve shopping experiences. Download the Infographic from 8451°.
Younger Consumers Spend More On Health & Wellness
McKinsey’s recent Future of Wellness research unveils a transformative trend as consumers seize control of their health, demanding effective and science-backed solutions from companies. With the US wellness market soaring to $480 billion and growing at 5 to 10 percent annually, 82% of Americans now prioritize wellness in their daily lives. Millennials (approx. 25%) and Gen Z (approx. 23%) lead the charge, allocating more funds to nutrition-based products than older generations. When choosing wellness products, consumers prioritize efficacy and scientific credibility. Learn More.
Tech Innovations Elevate C-Store Foodservice
Convenience stores are embracing transformative technologies to become destinations for meals, snacks, and essentials. Staying competitive against quick-service venues and grocery stores requires the seamless integration of mobile ordering, ensuring a user-friendly experience that incorporates loyalty programs, coupons, and enticing food visuals. The adoption of digital menu boards not only attracts consumers but also serves as a powerful tool for promoting products. Meanwhile, back-of-house screens and videos provide employees with detailed, step-by-step guidance on food preparation. Find more technologies, Here.
Product Spotlight
Kraft Heinz made news this week as it announced three new Kraft Singles flavors – Jalapeño, Garlic & Herb, and Caramelized Onion – as the company looks to satisfy consumer demand for more variety in their foods and expand its innovation efforts. The products come nearly ten years after launching Sharp Cheddar and Pepper Jack varieties and eight months after Kraft Singles announced it was rebranding for the first time in five years unveiling a cleaner look and easier-to-open wraps for individual slices.
Meanwhile, more Americans are vowing to participate in Dry January; however, only 16% of the 41% of alcohol drinkers who said they were somewhat or very likely to participate in Dry January in 2023 did so, according to a CivicScience survey. Seizing the opportunity, Cann positioned its cannabis-infused RTD beverages as an appealing alternative to traditional alcohol. Yet, opposing voices argue that such consumption contradicts the essence of Dry January. Where do you stand on this spirited debate?
Visit our blog every week for more top trending stories and food and beverage news!
