Running Your Business

Automation to Maximize Snack Production

Challenges and Primary Solutions As of December 2018, there was a large workforce gap in the snack production industry in terms of both skilled and unskilled labor. The problem persists because a large portion of workers are ready to retire and there are hardly enough people to fill the space, coupled with a lack of enough specialized skills to adequately fill their roles. A report released by Accenture found that about 80% of all manufacturers reported a moderate to severe deficiency of skilled resources, leading to as much as 11% losses in income yearly. Additionally, a survey carried out by SME [...]

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Flexible Packaging Dominates Baked Foods Market

Flexible Packaging Domination Currently, flexible packaging dominates the retail space, including the baked foods market by as much as 76% as of 2018. At the same time, the demand for flexible packaging is expected to rise by about 3% per year all the way through to 2021, despite tighter regulations around the world, especially Europe. Flexible packaging consists of any package whose shape can be changed easily, which includes stand up pouches, tubes, and sleeves. Their dominance is attributed to large cost saving and marketing adaptability. Fresh baked goods are almost always consumed within short periods of time since they are highly [...]

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New Probiotic Products Allow for More Shelf-Stable Products

Most Probiotics Must Be Refrigerated Despite having similar effects as supplements, probiotics cannot last outside refrigerated conditions for very long. Bacteria are known to have very specific environments within which they can survive, and it so happens that they are composed almost entirely of live bacteria that are beneficial to your body. More specifically, the kinds of bacteria found in new probiotic products that can be easily acquired in stores are Bifidobacterium and Lactobacillus. These are groups of bacteria, referred to as lactic bacteria due to their high presence in fermented foods, that can only survive in temperatures below normal [...]

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Who Spends the Most on Coffee?

Before we get to the demographics of coffee spending, let’s examine our own coffee drinking habits? How many cups of coffee do you drink each day? What kind of coffee do you drink? Do you go to a coffee shop regularly? If so, which one? What’s your ‘usual’ when you go to a coffee shop? How much do you pay for it? What kind of coffee machine do you own and how much did it cost? Let’s talk numbers The next step is to put a figure on all these factors. Having done that, you can with some accuracy calculate how [...]

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Transparency Becomes Key Factor in Market Appeal

Consumers of the world have become more selective about the products they buy. The days of ‘cheap and cheerful’ are all but gone. Consumers are far more socially-minded than they’ve ever been. They are understanding more than ever that the buying choices they make do have an impact. The mentality of each person doing their part has taken over. The movement began with the environment. When global warming became a hot topic, people threw up their hands and said there was nothing they could do as individuals. Aggressive marketing and campaigning convinced them otherwise. They began to see what their [...]

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Millennials Drive Trend Toward Gourmet Coffee

Very few people start their day off without a good cup of coffee. It puts the kick in the kickstart for the day. Trends in coffee consumption show that consumers are leaning toward gourmet coffee. Coffee is a complex product. From the growing of the coffee beans to the presentation in the cup, there is an intricate process. Few people take the time to understand what it is. As far as they’re concerned, it’s all about getting their favorite type of coffee from their local grocery store or coffee shop. What is gourmet coffee? There is some controversy over the definition [...]

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Consumers’ Growing Preference For Ethnic Food

Italian, Mexican, Chinese, Japanese – it’s hard to believe that cuisine we see as routine today was once considered exotic, ethnic food. Opportunities for tasting more adventurous flavors have emerged in today’s connected world. Technomic’s 2018 Ethnic Food & Beverage Consumer Trend Report reveals that customers want authentic, ethnic food and 32% of them are willing to pay more for it. The report was compiled from over 1,400 consumer responses, as well as industry and menu data. What’s obvious is that customer palates are developing and expanding, providing new opportunities and challenges for those in the food industry. Authenticity, [...]

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