Consumers Are Looking For Healthier, Convenient Options. Here’s How Food Retailers Are Catering To Shoppers’ Evolving Tastes.
According to a recent study by The Food Industry Association, “food retailers are focusing on investments in new technologies (73%) like foodservice ordering and delivery, dynamic pricing, and mobile checkout systems.
According to recent research by Future Market Insights, the global takeaway container market is expected to reach $35.6 billion by the end of 2032, and expand at a CAGR of 5.3% from 2022-2023.
Novolex has announced their launch of new paper shopping bags: Load & Fold Shopping Bags and Load & Seal Shopping bags.
The flexible packaging paper market is growing and is expected to be valued over $62.5 billion by 2029, according to Transparency Market Research.
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.
Maersk shared in a statement that “Congestion in global supply chains leading to higher freight rates has continued longer than initially anticipated”.
With today’s technology, blockchain and artificial intelligence are some of the unique ways to achieve supply chain solutions.
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.
“It now costs about $7,980 to transport a 40-foot container from China to the US’s largest gateways for trade on the West Coast on a long-term contract, more than double the $3,070 paid a year ago.
Chicago is known as a key leader in the food and agriculture innovation space. In fact, Chicago’s food and beverage manufacturing industry is the largest in the United States generating $9.3 billion annually. Within this, there is a lot of space for Chicago to tap into food innovation which they have taken full advantage of. In 2021, Chicago’s food innovation startups raised $723 million in venture capital.