With inflation increasing food and labor costs, many quick-service restaurants have been forced to raise their menu prices this year.
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.
Although freight rates declined by almost 2% in July, that doesn’t mean that supply chain issues are fixed.
The China Federation of Logistics and Purchasing has announced that China will be suspending all imports from Australia and New Zealand immediately.
Did you download a fast-food app in July? If so, you contribute to a new record!
According to recent research by Technavio, the fast-food market is projected to grow by $87.27 billion by 2025.
The world as a whole is experiencing a food crisis which is due to food waste, shortage of goods, and increased costs from inflation. That said, the food supply chain is able to exponentially reduce food waste.
According to a recent study by Near, 72% of respondents shared that they still like the more traditional waiter experience, while 17% liked QR code ordering and 18% preferred kiosk ordering.
According to a recent report by Future Market Insights, the global paper cup lids market is expected to reach $37.2 billion by 2032 growing at a moderate CAGR of 3.9% overtime.
The pandemic has changed the way that consumers will eat forever. Consumers no longer want to wait in a long line in a restaurant waiting for their order to be ready. Consumers want their food quickly, and they want to be able to order their food digitally.