Insights into the global food economy, restaurants and trends.
Thanks to social media and the internet, Gen Z fast food trends are breaking out around the globe like wildfire. Do you remember how dalgona coffee went viral during the COVID-19 pandemic? There’s also the more recent trending vegan McDonald’s orders on TikTok. That’s just a snapshot of social media food influence. Guess who’s behind…
Due to monumental revenue in the 2024 financial year, Starbucks’ shutting down pick-up only stores comes as a shock for industry watchers. The coffee chain’s new CEO, Brian Niccol, shared this news during the company’s earnings call on July 19. Starbucks’ shutting down pick-up only stores is coming roughly six years after the inception of…
Last week, the Tesla diner Hollywood launch marked the automaker’s pivot into the food industry. Just like X Corp is looking to morph its messaging platform into an everything app, Tesla may be on the verge of diversification. Elon Musk’s Tesla diner just turned EV charging into a full-blown dining experience. If sustained, this will…
In the second week of July, news of the Ferrero Kellogg acquisition made headlines around the world. The Federro Kellogg deal comes in a season when the health consciousness of food consumers is at a record high. According to an official announcement by the two companies, Ferrero will seal the WK Kellogg acquisition deal for…
A 2021 Bloomberg economic report predicted significant plant-based food market growth by the coming decade. According to the report, the global plant-based food market is poised to hit $160 billion by 2030! For some perspective, that same market was doing a little above $29 billion in 2020. Judging by this data, veganism is becoming more…
