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188 posts categorized "Consumer Foodservice"

August 27, 2014

The Risks and Rewards of the Burger King and Tim Hortons Deal

6a01310f54565d970c01b8d05c9866970c-800wiWith Elizabeth Friend - Consumer Foodservice Analyst

Burger King recently announced they will purchase Tim Hortons for eleven billion dollars and move its headquarters to Canada. The new company will own about 23.5 billion in terms of annual revenue, putting them behind McDonald’s and Yum! Brands as the third largest consumer foodservice operator in the world. This merger gives Tim Hortons an opportunity to aggressively expand in new markets and gives Burger King a way to compete in the breakfast and coffee segments.

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August 26, 2014

Shake Shack IPO Rumors and the Better Burgers Trend

6a01310f54565d970c01b8d05c9866970c-800wiWith Elizabeth Friend - Consumer Foodservice Analyst

US-based burger chain Shake Shack is reportedly seeking an IPO, which would make it one of the first ‘better burger’ chains behind Five Guys to pursue a national expansion. Typically, many major restaurant trends have a well-defined boom and bust lifecycle, but the better burgers trend is extending far beyond the normal lifestyle-driven trend. Although Shake Shack is a regional chain with a long road ahead to becoming national, its design and appeal give it a good chance to come out on top among the competition.

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August 19, 2014

Major Trends in Foodservice and Beverages in Singapore

Consumers in Singapore like to be on the forefront of new food and drink trends. In foodservice, cupcakes are currently a hot item with cupcake stores and kiosks opening all over the county. The next big trend will be juice cleansing, which fits in well with consumers in Singapore’s fast-paced yet health conscious lifestyles.

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August 16, 2014

Euromonitor to Speak at Fast Casual Summit 2014

Fces_colorEvent: Fast Casual Executive Summit 2014

Event Dates: October 12-14, 2014

Location: Denver, Colorado

Event Description: This exclusive event is reserved for top-level restaurant executives — leaders and innovators of the fast casual industry. We bring together an experienced group of restaurant professionals whose common interests and concerns are brought to the table for open discussion in a fun and relaxing environment.

Session Title: Getting Your Beverage Offerings on Trend

Session Time: 11:00 am - 12:00 pm, October 13

ElizabethFriendEuromonitor Panelist: Elizabeth Friend - Senior Consumer Foodservice Analyst

Session Description: Innovation is key when it comes to driving profitability with beverage offerings. From coffee and tea to cocktails, juice and smoothies, learn what’s trending and how to expand and market new beverage offerings.

For more information, please visit the event website: http://www.fastcasualsummit.com/

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August 14, 2014

Grass-Fed Beef Faces a Few Bumps in the Road

Simone_BarokeAnalyst Insight by Simone Baroke - Consulting Analyst

At a time when the US beef market is struggling with declining volumes and consumers are starting to care increasingly about ethics, sustainability, animal welfare and nutrition, differentiation offers a way forward for beef producers. The emergence of grass-fed beef is a clear manifestation of this trend. However, before grass-fed has any chance of becoming a mainstream choice, several hurdles need to be overcome. Sourcing is one of them, as illustrated by the current supply troubles experienced by rapidly growing fast food chain Chipotle Mexican Grill.

Chipotle Leads the Way

Chipotle Mexican Grill has been in the news again this spring, not only for defending its drive to exclusively offer grass-fed beef in all of its restaurants but also for deciding to source this product from the distant shores of Australia. According to Chipotle founder Steve Ells, due to the number of its outlets having mushroomed from 800 back in 2008 to the current 1,600, domestic supplies were no longer sufficient.

In line with the company’s much publicised “food with integrity” philosophy, it is committed to serving “responsibly raised” beef, free from hormones and antibiotics and raised with high animal welfare standards. And the strategy seems to be working so far. Our consumer foodservice data show that Chipotle’s sales rose from US$1.3 billion in 2008 to US$3.2 billion in 2013, enabling it to jump from 35th to 17th in the chained consumer foodservice rankings over that period. However, by sourcing its beef from abroad, it may be committing a serious faux pas, a point which we shall return to shortly.

Continue reading "Grass-Fed Beef Faces a Few Bumps in the Road" »

August 4, 2014

Why It's Time For Fast Food to Admit Defeat Against Fast Casuals in the US

ElizabethFriendAnalyst Insight by Elizabeth Friend - Senior Foodservice Analyst

In its second-quarter 2014 earnings call, McDonald’s’ executives announced a number of disappointments: global comparable store sales were flat, guest counts declined, and four of the company’s largest markets, including the US, were also its weakest performing. However, it also laid out an ambitious new goal for itself: Figure out a way to rehab its image in its domestic market, make itself a “more trusted brand” and finally, finally, figure out how to compete with fast casuals.

The latter announcement was serendipitously timed, coming amidst the fallout of yet another China-based food safety scandal. In this iteration, a local subsidiary of major McDonald’s supplier OSI Group  was allegedly caught mishandling meat and tampering with sell-by dates in order to sell expired products. Though the scandal didn’t directly touch US outlets, the involvement of a major US company brought it closer to home, challenging consumers’ trust in fast food just as industry leaders are working hardest to preserve it.

The announcement also comes after a year of reckoning for traditional fast food chains in the US, in which operators have been forced to realise that surface-level improvements may not be the key to long-term success after all. Stylish outlet remodels, new menu items, and shiny new service models can win back a lot of favour with consumers—and they did, for a time—but ultimately the entirety of the dining experience has to live up to these upgrades. US consumers may prefer a McDonald’s outlet with comfortable seating, free Wi-Fi, and flat-panel menu displays to the McDonald’s outlet of a decade ago, but those perks can only hold customers’ attention if the food, the service, and the brand identity itself can likewise measure up.

Continue reading "Why It's Time For Fast Food to Admit Defeat Against Fast Casuals in the US" »

July 30, 2014

Webinar Recording: A Year of Change in Global Foodservice Strategies

Year-of-Change-in-Global-Foodservice-Strategies-Landing-Page-Banner

Gain an understanding of the trends, struggles, and changes that faced the global foodservice space in 2013 and will drive the industry in 2014. The global foodservice customer is changing, and successful operators must appeal to emerging “universal” global consumers.

In this webinar, you will learn:

  • How the most important global growth targets have changed
  • Why previous standbys like China and India have become tougher to navigate
  • What key markets should be targeted next
  • New trends in foodservice, including new formats and ordering channels, the rise of delivery and drive-through service worldwide and growth in online and mobile ordering

Watch-Recording

July 29, 2014

Daremos una conferencia en Espacio Food & Service 2014

Logo Food & Service 2014Event Name: Espacio Food & Service 2014 
Event Dates: 3-5 de septiembre, 2014
 
Presentation Location:  Espacio Riesco, Santiago, Chile

Event Description: Espacio Food & Service 2014, en su cuarta versión, los invita a ser parte del encuentro más importante de la industria alimentaria que se realiza en Chile. Este evento, está dirigido a todos aquellos profesionales que participan o interactúan en los distintos procesos de la toma de decisión, en la elección de sus productos y/o servicios. El evento contará con más de 500 stands y la presencia de 12.000 visitantes.

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July 12, 2014

Coffee Shops are Best Positioned to Benefit from Mobile Payments

Dana LaMendolaAnalyst Insight by Dana LaMendola - Beverages Analyst

View Dana LaMendola's profile on LinkedIn

Starbucks is the reigning poster-child for mobile payment implementation in US consumer foodservice. While its popular loyalty programme and early move into mobile payments contribute to Starbucks’s celebrity status, the company’s success is also reflective of the particular compatibility of specialist coffee shops and mobile payments. In fact, coffee shops might be the best positioned for mobile payments out of all consumer foodservice operators.

The reason that specialist coffee shops are so well positioned is that their primary offering – coffee – is an everyday and oft-repeat purchase. Indeed, in 2013 US consumers averaged over one cup of coffee per day. A large number of coffee shops purchases are made by commuters looking for their morning jolt on the way to the work.  The high frequency of purchases by coffee shops patrons make these consumers prime candidates for the streamlined payment methods and loyalty benefits afforded by mobile payment technologies. Furthermore, coffee shops are most attractive to demographics that have both access to and interest in mobile technology: affluent consumers, and younger tech-savvy consumers like students.

Continue reading "Coffee Shops are Best Positioned to Benefit from Mobile Payments" »

July 10, 2014

Five Key Takeaways from Starbucks' M-Commerce Success

The Starbucks mobile payments app has provided one of the best case studies for how to drive consumer adoption of in-store purchases made via a mobile phone. For retailers or foodservice operators looking to replicate Starbucks’ success, there are several best practices to keep in mind before developing, implementing and launching a mobile payment app.

 Join Euromonitor in attending the Connect Mobile Innovation Summit in Chicago, IL from August 18-20th. Senior Consumer Finance Analyst Michelle Evans will be there with many others to learn more and talk about mobile payments in the foodservice industry.

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Recent Posts

The Risks and Rewards of the Burger King and Tim Hortons Deal

Shake Shack IPO Rumors and the Better Burgers Trend

Major Trends in Foodservice and Beverages in Singapore

Euromonitor to Speak at Fast Casual Summit 2014

Grass-Fed Beef Faces a Few Bumps in the Road

Why It's Time For Fast Food to Admit Defeat Against Fast Casuals in the US

Webinar Recording: A Year of Change in Global Foodservice Strategies

Daremos una conferencia en Espacio Food & Service 2014

Coffee Shops are Best Positioned to Benefit from Mobile Payments

Five Key Takeaways from Starbucks' M-Commerce Success