Consumers are adapting in response to strained economic conditions, even as inflation has started slowing down.
Eating at home more often remained the norm for the first half of the year among U.S. consumers, but unlike during the pandemic, shoppers lately have been branching out to different grocery locales in search of deals to reduce their food expenses. FMI – The Food Industry Association has observed shoppers’ migration to mass… Read More
It appears the foodservice industry in North America has just about cleared the Covid-19 hurdle that initially rocked the sector beginning in 2020.
Sales in 2022 for the top 500 U.S. restaurant chains grew 8.2 percent to USD 393 billion (EUR 366 billion) compared to 2021, according to research firm Technomic in its latest 2023 Top 500 Chain Restaurant report.
“Unprecedented levels of foodservice inflation had a major effect on the… Read More
The Seafood Excellence Global Awards winners’ circle expanded on 25 April to include Unima Distribution and Vičiūnai Group.
Spain’s Vičiūnai Group claimed the Best Retail Product prize for its Black Sepia Dumplings with Shrimp and Thai Broth Filling, while Best Hotel/Restaurant/Catering (HORECA) Product went to France’s Unima Distribution for its Organic Body-Peeled Madagascar Shrimp. Both companies accepted their prizes at… Read More
Heading into the second quarter of 2023, inflation remains a concern for all industries worldwide, seafood included, according to Kroll Institute Global Chief Economist Megan Greene.
“Inflation is top of mind for many, many businesses. I think there’s a real risk that inflation remains elevated and persistent. I think the probability of that is really high and I think that the impact of that would be pretty high,” Greene, who… Read More
“I have to say, it’s a weird time to be giving a global macroeconomics overview, just because things are changing so much,” Kroll Institute Global Chief Economist Megan Greene said during her keynote address at Seafood Expo North America/Seafood Processing North America in 2022.
That constant churn of change remains one year later as Greene returns to Boston, Massachusetts, U.S.A. to convene with the seafood community for her… Read More
Those in search of the seafood industry’s latest and greatest products, equipment, and software need look no further than the 2023 Seafood Expo North America/Seafood Processing North America.
Each year, the leading industry event for the North American seafood marketplace brings the sector’s top creative minds together under one vast roof to share their inventions, and 2023 is no exception. Here is a sampling of this year’s… Read More
Economic obstacles related to record-high inflation, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic have left seafood suppliers, retailers, and foodservice operators contending with labor shortages and a myriad of other supply-chain hurdles. Consumers, too, are feeling the pressure as they continue to grapple with rising food and energy prices.
All told, Americans’ seafood purchasing habits have been undeniably… Read More
Consumption of seafood per capita among American consumers sunk slightly in 2020 compared to 2019, due in large part to the disruptions wrought by the COVID-19 pandemic, according to the National Fisheries Institute’s (NFI) recently-released top 10 list.
The National Oceanic and Atmospheric Administration’s (NOAA) latest Fisheries of the United States report – which NFI uses to compose its routine top species breakdown –… Read More
Seafood industry professionals from around the world are arriving in Barcelona, Spain this week for the 28th edition of Seafood Expo Global/Seafood Processing Global, ready to reconnect face-to-face after more than two years apart.
Formerly hosted in Brussels, Belgium, the expo comes to its new home in Barcelona with the same mission it’s always had: to provide “unparalleled access to the most expansive offering of every type of… Read More
Atlantic Sea Farms CEO Briana Warner is a believer in the direct, cyclical relationship between diversity and innovation.
“I think some of the people who are innovating and doing innovative stuff, you’re going to see new people come into [the industry] because it goes back to a circular thing – if we get more diversity in the industry, they’re going to be coming up with more-diverse ideas that break out of the mold, and… Read More