- According to a release from Report Linker on globenewswire.com, food service packaging is expected to soar. In 2021, food service packaging was a $114.28 billion dollar industry, which is estimated to jump to $148.25 billion by 2027. This is due to the fact that the food service industry has become an integral part of daily lives. Thanks to delivery, apps, gentrification, and countless options, QSRs have become more accessible.
Source: Globe Newswire. Read the full article here.
- It’s no secret that when you dine at KFC and ask for a spoon or a fork, you get the utensil in between: the spork. In the latest utensil innovation, KFC has upgraded the spork to fit on your finger. Yesterday KFC revealed the finger spork in hopes to “bring out the fun in family dinner.” However, the finger spork isn’t offered as a regular utensil. The finger spork is included only in the Side Lovers Meal.
Source: QSR Magazine. Read the full article here.
- The U.S. has banned imports from the Xinjiang region of China. This news wasn’t surprising due to the fact that the people of Xinjiang are forced into labor, which is unlawful in the U.S. to receive goods from companies who utilize such practices. According to an article in the Wall Street Journal, “Current and former U.S. business executives say the law is likely to result in short-term supply-chain disruptions as importers seek to adapt to the new requirements and see how rules are being enforced. In the longer term, some say, the law may accelerate a shift of some global supply chains out of China.”
Source: The Wall Street Journal. Read the full article here.