The 2023 National Restaurant Association (NRA) Show brought together companies and foodservice operators to showcase the latest trends in the food and drinks industry. With the COVID-19 pandemic still in the memory of many, the show was a vibrant way to look into the future of foodservice and drinks in general.
The National Restaurant Association (NRA) Show took place in Chicago from 20-23 May 2023. Amidst a tense economic climate with constant supply chain disruptions and constricting consumer budgets, a few key trends have emerged as champions of innovation. Euromonitor International analysts at the event observed several of those trends, providing a breakdown of the top trends reigning in consumer interest.
In recent years, the global sustainability movement has propelled consumers to scrutinise every aspect of their purchasing decisions, particularly when it comes to the packaging of the products they purchase. However, once highly regarded sustainable solutions in packaging are now facing wavering consumer sentiment.
When you apply megatrends to your strategy, you’re able to innovate for your customer and their evolving demands. Ali Angus who heads up our innovation practice walks you through four steps to follow, so you can use megatrend analysis in your strategy.
Duty-free is intrinsically linked to tourism flows. The pandemic resulted in a plunge of almost 70% in 2020 in the world duty-free market as travel halted. However, travel is back with Asia Pacific markets, especially China, reopening borders in 2023.
The ongoing slowdown of the global economy and weaker-than-expected recovery in China continue to put downward pressure on the commodity markets. Subdued B2B demand and private consumption, and weaker capital investment growth dampen the demand for food, energy and metal commodities and cap the price growth.
E-commerce growth is coming down from pandemic-driven highs and achieving a new level of maturity.
You need to become savvier when deploying tactics to reach and engage with digital consumers to grow your online market share. Knowing where companies are winning online is crucial to sharpening your digital strategy.
Explore MoreLeveraging Euromonitor’s recent report, the Top 10 Global Consumer Trends 2023, the purpose of this webinar is to provide you with valuable insights on the most relevant trends in Asia Pacific and discuss how they can be applied to help businesses make informed decisions.
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Michelle Evans and her team share their insights around the tech trends that are redefining commerce in 2023. We explore how product development is being shaped by social platforms, the influence of gaming culture on shopping websites and ways retailers, brands and hospitality operators are offering more personalized experiences.
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