The Cost of Living Crisis Could be a New Era for Frozen Food
Matthew Barry
Frozen food performed particularly well during the pandemic, with sales up by 12% in 2020 (versus 10% for shelf-stable and 8% for chilled) as consumers looked for products they could stockpile as they hunkered down at home. However, hopes that this would be the beginning of a new era of frozen dominance proved to be short-lived.
Three Trends Driving the Global Luxury Goods Market in 2023
Fflur Roberts
As the global economy faces slower growth and high inflation, the challenges and uncertainties facing both luxury consumers and key players are escalating. The extraordinary global disruptions over the last few years have led to the rise of a new economic reality that is shaping the consumption of luxury goods and business outcomes today, but is similarly setting the benchmark of what we should expect for the short-term outlook.
Navigating the Post-Pandemic Landscape: Retail Executive Summit Singapore 2023 Spotlights Unique Experiences and Technology
Quan Yao Peh
The Retail Executive Summit is a conference held annually in Singapore designed for networking, knowledge exchange and staying ahead of retail developments. The 2023 edition highlighted how the retail landscape and consumer expectations in Southeast Asia have evolved post-pandemic.
Top Three Trends Shaping China’s Beauty and Personal Care Market
Kemo Zhou
The COVID-19 pandemic and related restrictions sent shockwaves through China’s beauty and personal care industry in 2022 and crippled consumers’ beauty spending. But with the lifting of zero-COVID measures in December 2022, the market heads into 2023 with strong signs of recovery.
Global Economic Forecasts: Q1 2023
Euromonitor International
Economic uncertainty is expected to continue throughout 2023. But some economies like the US have been more resilient than anticipated from a result of a strong labour market.
Top Three Opportunities for Eating Occasions at Home
Emil Fazira
The eating at home business – an estimated total of retail packaged food and delivery/takeaway foodservice sales combined – has surged as an effect of the pandemic, and it is offering more options for consumers. In 2022, it was a USD3.8 trillion market and estimated to cross USD4.6 trillion by 2027.
Global Economic Outlook: Q1 2023
Lan Ha
At the outset of 2023, the global economy has seen some positive signs as inflation and energy prices ease from their peak levels. China’s end of zero-COVID policy also provides some growth impulses, though its full impact has not yet been unfolded. Nevertheless, the global macroeconomic environment remains challenging for economies, business and consumers in the year ahead.
As Foodservice Recovers, What Can Food Retail Do?
Andres Chehtman
Global foodservice transactions continue to recover in 2022 from the strong decline of 2020. In this article we show the reasons for the recovery, such as the desire to enjoy life and the rise of ordering food for home delivery, and what can packaged food companies do in light of the recovery of foodservice.
Five Trends Driving Fresh Food
Anje du Plessis
Fresh food retained its positive performance in 2022 with retail volume driving growth, thanks to healthy eating being a key motivator as the world emerges from the COVID-19 pandemic.