The global cold beverage cups market size is projected to reach USD 6.58 billion by 2030, growing at a CAGR of 5.8% from 2019 to 2030. The increasing trend of drinking coffee, tea, and other beverages has driven the growth of this market. As a result, the demand for cold beverage cups is increasing as […]
Why do shipping freight rates continue to decline? Prices for shipping containers have been on a roller coaster ride over the past few years. After reaching record highs in 2021, prices have now fallen by two-thirds. So what’s driving these changes? Investors’ Chronicle reports that rates slowly began falling in the third quarter of 2022 […]
The USDA Has Awarded an Additional $21.9 Million of Funding to Further Strengthen Meat and Poultry Supply Chains
As of today, the USDA announced that the Agricultural Marketing Service will be providing an additional $21.9 million of funding. This funding will be awarded to 111 grant projects through the Meat and Poultry inspection Readiness Grant Program and will help to strengthen and develop new market opportunities for meat and poultry processors in the United States.
According to recent research by Fortune Business Insights, the global food service market is expected to reach 5,194.60 billion by 2029 at a CAGR of 10.76%.
Panera is testing AI voice ordering at two of their Rochester, New York locations.
The Chinese province of Sichuan is currently experiencing a major heat wave and drought. Sichuan is a large hub of international manufacturing, so this is especially bad news for the global supply chain.
When BurgerFi added self-service kiosks as a test, their average check size increased by 18.5%. Since this was a smashing success, they have incorporated kiosks throughout their chains
McDonald’s is piloting a new menu item – Chicken Big Mac! This menu item has seen great success in the U.K. during their launch this year and nearly sold out in 10 days.
According to recent research by The NPD Group, lower-income households, which are classified as under $75,000, are eating 89% of meals and snacks at home.
According to a recent report by ResearchAndMarkets, the global freight forwarding market is expected to increase to $191.71 billion this year. By 2026, the market is expected to increase to $220.34 billion at a compound annual growth rate of 3.5%.