In 2022, consumer foodservice sales in Mexico recovered to their pre-pandemic levels and growth trend. Understanding channel trends, how competitors are innovating in response, and where growth opportunities lie are all crucial elements in building a well-informed consumer foodservice strategy.
Consumer foodservice was one of the industries most badly impacted by the pandemic and its slew of restrictions, recording major losses across regions. It has been recovering in most areas of the world since the pandemic, although the recovery is starting to slow, due to high inflation rates pushing up costs and eating into consumers’ disposable incomes.
Food has become a captivating fandom topic, with over 508 million worldwide Instagram posts using the #food hashtag. Consumers seek communities around their passions, and loyalty programmes catalyse fandoms and brand connections. By aligning with customer needs, they unite audiences in shared brand enthusiasm. Loyalty programmes play a crucial role in fostering these bonds, connecting brands with consumers through personalised rewards, enhancing satisfaction, and building loyalty.
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.
With the rise of many local chained specialist coffee shops emerging across Asia Pacific, the future of coffee shops in Asia Pacific is likely to evolve into an environment with more local coffee shops in the short term, eroding the traditional stronghold of international coffee chains such as Starbucks, especially in markets like China and Vietnam.
Curated by Warees Halal Limited (WHL), the Halal Theatre will comprise a selection of workshops and seminars stretching for four full days. Discover the diversity of Halal and connect with industry partners, thought-leaders and businesses during the show.
In light of recent challenges in the foodservice industry – from a shortage of raw materials, to inflation, and the labour crunch – strategies for the future must turn these headwinds into opportunities. This is made even more pertinent in the aftermath of the pandemic, at various stages across Asia; for instance, Southeast Asia’s recovering economies and China’s zero-COVID goal. QSRs must review their value proposition, leverage food-on-demand and revisit strategies for in-store hospitality.