All Analysis & Insight articles – Page 20
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Analysis & Insight
A spoonful of olive oil helps the Frappuccino go down
As Starbucks launches an olive oil-infused range of drinks, MCA asks coffee experts whether the new product innovation could become as big a hit as the famed pumpkin spiced latte – and help the High Street chain re-capture some cultural relevancy
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Analysis & Insight
Consumer confidence rebounds
Households are feeling more optimistic about the state of their personal finances and the general economic situation, according to GfK
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Analysis & Insight
Foodservice price inflation in first fall since September 2021
Food and drink price inflation fell to 22% in January although all categories remain in double-digit inflation, according to the CGA Prestige Foodservice Price Index
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Analysis & Insight
Work-life balance on par with pay and benefits for hospitality workers
Over 50% of respondents picked these two factors as having the most influence over the job they choose, according to a new survey
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Analysis & Insight
Hospitality sees best January in three years
Year-on-year growth in January 2023 was up 10.9% on January 2022 and slightly ahead of the 10.1% inflation rate, according to the Coffer CGA Business Tracker
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Analysis & Insight
NPD leverages both health and indulgence trends
Plant-based and health trends have influenced new launches in the food to go sector, but operators are also introducing indulgent snacks to tempt customers to trade up
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Analysis & Insight
Tapping into new opportunities in food to go
The market has seen shifting consumer behaviour and operator strategies in the wake of the cost of living crisis, but there is a share of the prize ready for those who successfully navigate the challenges, writes Lumina Intelligence’s Sorcha Simons
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Analysis & Insight
Business confidence recovers from 2022 lows
Almost 50% of sector leaders feel confident about business prospects over the next year, despite spiralling costs leading to average increases of 12% in food menu prices
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Analysis & Insight
Hospitality M&A deals at five-year high
The volume of corporate deals within the food and beverage services sector reached 160 last year – the highest level since 2018, new data has found.
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Analysis & Insight
Consumers reduce frequency but maintain spend on delivery
Delivery volumes in January fell by 12% year-on-year as consumers reduced order frequency but spent more as they did so, according to CGA
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Analysis & Insight
How Britain lost its appetite for posh burgers
Upmarket chains are collapsing as they struggle in an overcrowded market, The Telegraph reports
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Analysis & Insight
Clarkson’s Farm has exposed Britain’s absurd planning rules
Could the hit Amazon Prime Video series foment a much-needed public backlash against petty bureaucracy?
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Analysis & Insight
Food to go market forecast to grow by 4.1% in 2023
The UK food to go market is expected to see its strongest outlet growth since before the pandemic this year, with a net gain of 1,397 sites, according to a new Lumina Intelligence report
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Analysis & Insight
Hospitality transactions rise 22% on Valentine’s Day
While the number of transactions rose year-on-year, average transaction value flatlined at £24.64, according to payments company Dojo
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Analysis & Insight
Uber Eats: Consumers ordering more frequently
UK general manager Matthew Price said the brand’s subscription loyalty service Uber One was creating a stickier customer with larger basket sizes
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Analysis & Insight
Restaurant insolvencies at highest level in years
The last three quarters have all been the worst on record for UK restaurant company insolvencies, with 188 in December 2022 alone, according to Mazars
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Analysis & Insight
Average spend remains behind inflation levels
Average spend on eating and drinking out has risen 8% year-on-year, but remains behind inflation as consumers look to accessibly priced options, according to Lumina Intelligence
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Analysis & Insight
Net Zero Now: ‘Every bit of warming matters’
Businesses should look towards environmental and social responsibility despite headwinds, according to founder Simon Heppner
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Analysis & Insight
Pub and bar insolvencies jump by 83%
Pub and bar company insolvencies increased from 280 in 2020-21 to 512 by the end of 2022, according to UHY Hacker Young.
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Analysis & Insight
How Itsu overhauled its customer experience with kiosks
Chief customer officer Neil Miller describes the “goddamn painful” experience of installing 600 self-ordering kiosks across the brand’s 88-strong estate in nine months