Technomic Launches Location Targeting, tracking 1M+ Foodservice Locations

Today, Technomic released Location Targeting, the newest feature of Ignite Company. Location Targeting captures more than 1 million foodservice locations and allows operators and suppliers to gain a deeper understanding of small chains and independents at the address level. This feature allows clients to explore view foodservice location characteristics, amenities and annual sales volume, all overlayed with Technomic's standardized operator classification system.

Technomic experts collect location-level insights through a variety of sources, including operator websites, business directories and consumer review sites. Locations are then mapped through Ignite search criteria and...

IFMA Releases 2023 Foodservice Industry Forecast at Marketing & Sales Conference

The International Foodservice Manufacturers Association (IFMA) released its 2023 Foodservice Industry and Segment Projections today at its annual Marketing & Sales Conference. The forecast, which is hosted on the IFMA Scope® platform, projects that operator spend in the foodservice industry will decline by 0.1 percent, considered flat on a real basis in 2023, compared to 2022. The forecast models were created in conjunction with Datassential, a leading foodservice research firm, and validated by operators from the Foodservice Leadership Councils, who act as advisors to IFMA and its Board of Directors...

New Acosta Report Explores the Rising Impact of Inflation on Consumer Dining Habits

Acosta, a global integrated sales and marketing services provider in the consumer packaged goods (CPG) industry, today released its sixth edition of The Why? Behind the Dine, a research report providing foodservice-specific insight bolstered by the expertise of its CORE Foodservice division.

Acosta's findings show that while most consumers (54%) are dining out less often due to inflation, about one-third are choosing to trade down rather than trade out, opting for less expensive restaurant and meal options to counter rising prices...

Toast and US Foods Renew Strategic Partnership to Help Restaurants Streamline Operations and Thrive

Toast, the all-in-one digital platform purpose-built for the entire restaurant community, today announced the renewal of its strategic partnership with US Foods, a leading foodservice distributor that works with approximately 250,000 restaurants and foodservice operators across the US.

Toast and US Foods share core values of helping restaurants succeed. The renewed partnership will allow both companies to build deeper relationships with restaurant owners and foodservice operators, providing the right technology solutions to save the operator time, grow revenue and improve the customer experience...

Making Restaurants Better Event Sponsored by Sysco

Let’s Talk Womxn, an action led movement of 600+ women restaurant owners, is delighted to partner with Sysco Corporation, the leading global foodservice distribution company, to present a panel discussion with the American Culinary Foundation and celebrated food personality Andrew Zimmern on May 22, 2022. This event features a gourmet dinner by five Chicago restaurateurs, embodying their collaborative Let’s Talk Womxn model.

The panel will provide insightful discussion focused on opportunities to “Make Restaurants Better” including those related to policy, business, women’s issues and solutions to help strengthen the restaurant industry...

Foodservice Update Q2 2022: Foodservice in Troubled Times - Impact of the War in Ukraine

This is a special edition focusing on the impact that the war in Ukraine may have on the foodservice industry in the immediate and the longer term. Food and energy prices were already rising before the war began, and this conflict has amplified the trend, making clear that high prices will not revert any time soon. Also, foreign brands operating in Russia are exposed to reputational risks, which might have consequences in long term strategies.

Report summary
The consequences will differ, depending on the market and...

Canadian Restaurants Enjoyed A Robust Return of Customers in the First Quarter

Full service restaurants benefitted from the pent-up demand to dine out

The Canadian foodservice industry continued to show promising recovery in the first quarter of 2022 compared to last year’s same quarter, reports The NPD Group. Physical and online visits to restaurants and commercial foodservice outlets increased by 18% in the first quarter compared to the same quarter last year, when traffic declined by 9% due to indoor dining restrictions. Consumer spending in the quarter grew by 27% compared to a year ago when spending declined by...