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In June of 2017 Amazon announced its acquisition of Whole Foods - a move that further disrupts the grocery sector. Amazon is paid $42 per share which represented a premium of 27% premium over Whole Foods recent price. The overall deal was valued at about $13.7 billion, including debt. [...]
June, 2017 - In a move that is sure to bring further disruption to the grocery sector, Jeff Bezo's Amazon has acquired troubled retailer Whole Foods. Amazon is paying $42 per share which represents a premium of 27% premium over Whole Foods recent price. The overall deal is [...]
[vc_row][vc_column width="1/12"][/vc_column][vc_column width="10/12"][vc_column_text]In the United States an organic food is USDA certified as compliant to a strict set of requirements as to its production and contents. The USDA’s National Organic Program (NOP) has rules that the food industry must adhere to – the rules for crops do not allow products to be [...]
Consumers are confused about food labels, farming methods and the marketing jargon used in the food industry. Surveys have shown that two-thirds of consumers who purchase 'all natural' or 'organic' foods are motivated by a perception that they are healthier and safer. But of course 'natural' and 'organic' foods [...]
Food prices, already strained due to the pandemic and supply chain problems, will rise even further and adversely impact consumers across the globe. Russia's invasion of Ukraine has disrupted wheat production, fertilizer supplies and nearly every agricultural commodity worldwide. All this is further aggravated by transportation costs that will [...]
Private label products are those that are produced and sold by supermarket retailers under their own brand name. They typically offer similar quality to national brands at a lower price, making them an attractive option for shoppers. In the US, private label products account for about 20% of total [...]
People trying to save time making dinner have turned supermarket prepared foods into a 29-billion dollar per year business. But Consumer Reports says to be wary. Those foods aren’t required to have nutrition labels, and you might be consuming more fat, calories, and sodium than you think. Consumer Reports’ [...]
The lines between food retail and foodservice continue to blur as retailers and foodservice providers are adopting similar strategies and product offerings. This blurring of lines is known as the "Retail-ization of Foodservice" or "Foodservice-ization of Retail" Food retail: Food retail refers to the sale of food products through [...]
A ghost kitchen, also known as a virtual kitchen, is a restaurant concept that operates solely through delivery or takeout service. Ghost kitchens do not have a physical storefront and typically operate out of a shared or rented commercial kitchen space. Starting a ghost kitchen can be a cost-effective [...]
Increasingly, making it in the restaurant biz requires staying up-to-date with the latest technological advancements. Leading chains use technology to improve operations, streamline processes and provide a better customer experience. In the back of the house, automated kitchen systems help chefs work more efficiently by providing access to ingredient [...]