The Impact of Economic Bifurcation on Grocery Spending Trends As the economy continues to bifurcate, there is a noticeable shift in grocery spending habits based on income levels. According to insights shared by NielsenIQ and FMI, affluent consumers are increasing…
Tag:
spending
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Food manufacturers in the U.S. are cautioning about a prolonged period of reduced spending due to inflation and ongoing global uncertainty, which is leading budget-conscious grocery shoppers to cut back on buying cereal, chips, and cookies. Despite efforts in innovation,…
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Making Adjustments to Product Assortments for SNAP Policy Changes As grocers prepare for new federal policy and state waivers affecting SNAP, Coresight Research suggests that making alterations to product assortments may be beneficial. Currently, 12 states have received USDA approval…
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As consumer spending tightens, the snacking industry is feeling the impact. Major food companies like PepsiCo, Mondelēz International, and The Campbell’s Company are experiencing a slowdown in snack sales due to inflation and economic uncertainty, causing consumers to cut back…
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Food News
Chobani makes biggest plant investment in its history by spending $500M to expand Idaho facility
Key Highlights: Chobani is investing $500 million in expanding its Twin Falls, Idaho facility to increase production by 50%. The timeline for construction has not been disclosed. The expansion will result in an additional 500,000 square feet of space and…
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Key Takeaways: Households that include at least one GLP-1 user have reduced their grocery spending by around 6% after six months of taking the medication, according to a study conducted by Cornell University and Numerator. The impact is even more…
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Summary: Lactalis USA is investing $55 million in its Tulare, California facility to boost Président Feta cheese production in the U.S. A new 38,000-square-foot manufacturing line is set to be operational by 2027, marking a significant step in meeting the…
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Big agribusinesses have significantly increased their lobbying and campaign contributions in recent years as lawmakers discuss important policies like the farm bill that impact food production in the U.S. Companies like Tyson Foods and Deere & Co. have donated substantial…