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Foodservice Update Q3 2022: Revisiting Growth Perspectives

The writing is on the wall: economic growth is in jeopardy due to macroeconomic challenges around the world. From severely high natural gas prices in Europe, which affect everything from fertilizer prices to milk powders, to a housing crisis, and continued partial lockdowns in China. Coupled with rising interest rates, softening equity markets, and negative real wage growth, consumer confidence surveys unsurprisingly outline a worsening outlook for demand. It is likely that the US and Europe will both be entering a recession over the next 12 months.

Report summary

In Europe and the...

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Sep 21 8:00 AM, General News



USMEF Spring Conference Spotlights U.S.-China Trade Relations, Innovative Promotions for US Red Meat

The U.S. Meat Export Federation (USMEF) concluded its spring conference Friday in San Antonio. The three-day meeting examined a number of key issues for U.S. exporters while also updating members on promotional activities for U.S. pork, beef and lamb in a wide range of international markets.

Thursday’s general session focused on agricultural trade relations between the U.S. and China, including a deep dive into the market access gains achieved for U.S. beef and pork through the 2020 Phase One Trade and Economic Agreement...

 

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May 31 9:09 AM, General News


Americans Plan to Go Big for Mother's Day this Year: OpenTable Data Shows Reservations are Up 39%

After two years of canceled celebrations and plans, Mother's Day dining is back in full force. Data from OpenTable shows that Mother's Day reservations are up 39% compared to pre-pandemic 2019 and 13% compared to 2021. Americans are feeling the excitement: according to a recent survey, 45% of those celebrating Mother's Day are planning to make up for lost time by "going big" for their mom or a mom-like figure this year.

But some things never change...

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Apr 21 8:00 AM, General News


NCBA Welcomes Announcement on Japan – U.S. Trade Agreement

National Cattlemen’s Beef Association (NCBA) welcomes the announcement that the United States and Japan have reached an agreement in principle on the Japanese beef safeguard. As part of the terms of the Japan – U.S. Trade Agreement, both countries entered consultations after the volume-based safeguard was triggered in March 2021. NCBA strongly supported efforts to secure improvements to the beef safeguard that are mutually beneficial for Japanese consumers and American cattle producers.

“While the details of the agreement in principle have not been disclosed, NCBA is encouraged that today’s announcement means we..."

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Mar 28 9:47 AM, General News


NRF Welcomes EU-U.S. Agreement on Transatlantic Data Flows

The National Retail Federation welcomed the announcement today that a long-sought agreement in principle on transatlantic data flows has been reached between the United States and the European Union.

“Transatlantic data flows are vitally important to global retailers that operate establishments in Europe or sell goods online or by mobile apps to European consumers,” NRF Senior Vice President for Government Relations David French said. “NRF and our members have long supported a coherent regulatory system for EU-to-U.S. data transfers that works for both consumers and businesses and provides..."

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Mar 28 8:28 AM, General News


United States and Japan Reach an Agreement to Increase Beef Safeguard Trigger Level

United States Trade Representative Katherine Tai and United States Secretary of Agriculture Tom Vilsack today announced that the United States and Japan have reached an agreement to increase the beef safeguard trigger level under the U.S.-Japan Trade Agreement. The new three-trigger safeguard mechanism will allow U.S. exporters to meet Japan’s growing demand for high-quality beef and reduce the probability that Japan will impose higher tariffs in the future.

“This agreement is a great win for our two countries that ensures American farmers and ranchers...,”

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Mar 25 8:02 AM, General News


Technomic Releases 2022 Foodservice Predictions for the U.S., Canada and Global Markets

Technomic released three whitepapers uncovering 2022 foodservice predictions for the U.S., Canada and global markets. Navigating labor constraints, supply chain challenges and shifting consumer behaviors, operators will focus on adapting strategies and finding new innovative solutions.

Overall, Technomic predicts that industry recovery will continue in 2022, forecasting that the U.S. will surpass its 2019 sales level and Canada will be just 3% shy of pre-pandemic sales levels. From menu restructuring to rethinking the guest experience, operators across regions will reconsider priorities aligned with...

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Dec 10 8:33 AM, General News


Kraft Heinz Announces Intention to Combine U.S. and Canada Businesses to Form the North America Zone

The Kraft Heinz Company announced today that it will combine its U.S. and Canada businesses to create the North America Zone, which is expected to be effective in the second fiscal quarter of 2022. The move is meant to advance the global food and beverage leader’s long-term, sustainable growth plans—which were first outlined at its Investor Day event in September 2020—by bringing increased agility to its innovation agenda, operations, and go-to-market approach. The Company’s U.S. and Canada businesses...

 

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Dec 9 8:19 AM, General News


UK Lamb Could be Shipped to the U.S. in the New Year

Lamb exporters in the UK will have access to the American market – worth an estimated $48.9 million (£37 million) in the first five years of trade – as we head into 2022.

After extensive risk evaluations, US authorities have today removed the small ruminant rule, which was introduced more than 20 years ago banning imports of lamb from countries where scrapie had been identified.

Work has been ongoing to finalise this important piece of legislation in the US, effectively allowing UK processors to be eligible to ship...

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Dec 6 7:04 AM, General News







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