Laurie Parfitt

This week on the podcast, Steve Markenson from FMI- The Food Industry Association and David Emerson Feit are recapping some of the biggest takeaways from the newest wave of FMI’s U.S. Grocery Shopper Trends report: 🛒 Why we might be witnessing “the end of the primary shopper” 💸 How shopper habits and sentiments have shifted (or stayed the same) as inflation persists 📈 What is driving shifts in the variety of stores shopped, and why the supermarket still reigns supreme ☑️ How the shoppers’ evolving understanding of value impacts it all Listen as we unpack the state of grocery shopping today: https://ow.ly/qWZP50Sb8KY And learn more about the report here: https://ow.ly/rcHR50Sb8KZ

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🚨 Insightful DEA Report: Illicit marijuana flowers average a THC potency of 16%. 🌿💨 This statistic underscores a significant advantage of purchasing from licensed dispensaries—quality and safety. Unlike the unregulated market, dispensaries offer products that are tested, compliant, and consistent in their THC content. This not only ensures a safer consumer experience but also supports the legal cannabis industry committed to high standards. Why risk the unknown? Choose quality, safety, and reliability every time with dispensary-bought cannabis. Let's advocate for more informed consumer choices and support regulations that emphasize these benefits. Stay informed and choose wisely. #CannabisIndustry #ConsumerSafety #DispensaryQuality #THCPotency #RegulatedCannabis

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Interested to see the latest food, beverage, and CPG financing trends? 👀 Ryan Williams, part of the JPG family, recently published FABID's Q1 2024 report. Ryan shared a snippet of the analysis in his post below, and trust us when we say the report is worth the read! 🌐 Check out FABID's LinkedIn page ✉️ Message Glenn Pappalardo or Kevin W. for more information on our M&A services. #FoodandBeverage #CPGIndustry #Financing #M&A

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🍺 How will your beer fare this 4th of July? 🍺 According to Capital One Shopping Research, American consumers spent a staggering $15.8 billion during the Fourth of July holiday in 2023; with a significant portion going towards food and beer. Beer alone accounted for over $2.5 billion of those expenditures, underscoring its central role in summer festivities. Heading into this holiday season, beer manufacturers face evolving consumer preferences and economic pressures. Kristine Joji from Insite AI highlights key trends shaping beer purchasing decisions, including a shift towards health-conscious options like low-calorie beers and hard seltzers. Brands are also navigating challenges posed by inflation by reconsidering pack sizes and optimizing pricing strategies through predictive analytics. As we prepare to toast Independence Day, it’s clear that beer brands must innovate and adapt to meet the diverse preferences of today’s consumers. What's your favorite brew? A Peroni by the pool is mine! 🍺 #LifeWorkSearch #FourthOfJuly #BeerIndustry #ConsumerTrends #PredictiveAnalytics #SummerCelebrations

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Did you miss last week’s WEBINAR featuring the Progressive Grocer editorial team and industry experts discussing our annual State-of-the-Industry Report? You can now watch (and share!) on demand. 📺 Watch in its entirety 👉🏽 https://lnkd.in/ee6ZsesB #foodretail #grocery #supermarket #trending Oracle

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#expowest is just the beginning of your product discovery journey. Whether you're a: 👉 Retail Buyer looking to build lasting relationships with their customers and brands 👉 Conscious Company searching for meaningful, authentic ways to connect and foster relationships with buyers and consumers Newtopia Now will expand on what you built in #anaheim, deepening those relationships and connections that are integral to your growth and success. Read more below about how you can join us in charting the future of CPG at #newtopianow this August 👇

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Brewing Adjunct Market Statistics, Segment, Trends and Forecast to 2034 https://lnkd.in/d3T5iT2T Brewing Adjunct Market was estimated at $1.8 billion in 2023 and is predicted to increase at a compound annual growth rate (CAGR) of 4.7% between 2023 and 2028. The brewing adjunct market is booming. Brewing adjuncts are ingredients used to enhance beer flavor, texture, and cost-efficiency. These ingredients include rice, corn, barley, and sugar. As craft brewing gains popularity, the demand for diverse adjuncts is rising. Receive the FREE Sample Report: https://lnkd.in/gKqa3uCD Key Trends in the Brewing Adjunct Market: Rising Popularity of Craft Beer: Craft beer is on the rise. Consumers prefer unique and flavorful beer options. Brewing adjuncts provide the versatility needed for craft brewers to experiment with different flavors and styles. Health and Wellness Trends: Health-conscious consumers seek low-calorie and gluten-free beer options. Brewing adjuncts like rice and corn help produce lighter beers with fewer calories. Gluten-free grains like sorghum and millet cater to those with dietary restrictions. Sustainability in Brewing: Sustainability is crucial. Brewers are using locally sourced and organic adjuncts to meet eco-friendly standards. Sustainable brewing practices appeal to environmentally conscious consumers. Technological Advancements: Technological advancements in brewing enhance the use of adjuncts. Innovative brewing techniques allow for better flavor extraction and consistency. This results in higher-quality beers that meet consumer preferences. Market Segmentations: Global Brewing Adjunct Market: By Company Cargill Ingredion Thomas Fawcett & Sons Advanced Enzyme Technologies Staas Brewing Company Global Brewing Adjunct Market: By Type Solid Liquid Global Brewing Adjunct Market: By Application Fermenting Agent Foam Retention Agent Flavoring Agent Others Global Brewing Adjunct Market: Regional Analysis The regional analysis of the global Brewing Adjunct market provides insights into the market's performance across different regions of the world. The analysis is based on recent and future trends and includes market forecast for the prediction period. The countries covered in the regional analysis of the Brewing Adjunct market report are as follows: North America: The North America region includes the U.S., Canada, and Mexico. The U.S. is the largest market for Brewing Adjunct in this region, followed by Canada and Mexico. The market growth in this region is primarily driven by the presence of key market players and the increasing demand for the product. Europe: The Europe region includes Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe. Germany is the largest market for Brewing Adjunct in this region, followed by the U.K. and France. The

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People are missing the one key stat in all this Cali vs MI talk: Sales per retailer…. This stat not only shows how viable cannabis retailers in a given state are relative to eachother, but it gives us important perspective when we look at other data points. Cali: $1b / 1,224 = $803,858 per retailer Michigan $786m / 994 = $790,744 per retailer Yes, Michigan is selling a LOT more per capita, but we also have a LOT more stores per capita. California has about 4x the population of Michigan, but only 1.2x as many dispensaries. To me, this only further evidences Michigan’s claim to the top spot. We have almost 4x as many dispensaries per person here in Michigan, and despite this, those stores are doing roughly the same annual sales as those in California. Michiganders love weed. A couple years ago, when the price per lb dropped 50% almost overnight, a lot of people thought it was the end. But what did consumers do? They bought THREE TIMES the cannabis in the following year, growing the overall market 1.5x. Michigan to the Moon!

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Juice processors see great potential in positioning juice displays near produce aisles. By doing this, grocery retailers can tap into the natural consumer association between fresh juice and produce, driving significant gains. Read more from Produce Business Magazine: https://brnw.ch/21wKTqs #FreshProduce #Retail #ConsumerInsights

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🚨Industry Update: Major Legal Win for Anderson Valley Brewing! 🚨 Anderson Valley Brewing has emerged victorious in a landmark fair market value case against beer wholesaler Golden Brands. This pivotal ruling in California emphasizes lenient franchise laws and sets a precedent for brewery rights when changing wholesalers without hefty compensation demands. This decision underscores the importance of fair business practices and the protection of brewery independence. Read more about this significant development: https://zurl.co/BfdF #BrewingIndustry #LegalWin #FairMarketValue #AndersonValleyBrewing #BeerNews #BusinessLaw

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Earlier this week Walmart announced the launch of bettergoods, their latest private-label brand innovation. How do you think this will impact other brands in the industry? Share your insights in the comments below! ❤️ #Walmart #bettergoods #Innovation #categorydesign

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I love seeing what all these influential retailers have to say about how they'll be showing up at Newtopia Now! The common denominator: They're eager to connect, one on one, with innovative companies in an intimate and curated environment. Plus, many of these insightful individuals will be on stage during our Buyerside Chat series, sharing what they look for in new brands they bring in store, how to pitch buyers effectively and the key to successful partnership.

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This week’s Chart of the Week looks at both Brand Preference and business results for Red Lobster over this time period. - Many news stories have pointed to the brand’s Endless Shrimp promotion as the reason for the financial trouble leading to Red Lobster seeking bankruptcy protection. Per Newsweek, third quarter company losses of $11 million were “largely attributed to the deal”, due to both the enthusiasm of those partaking in the offer and an unfortunate rise in shrimp prices. - Other stories blame the real estate sale and leaseback scheme perpetrated by the brand’s previous owners, the private equity firm Golden Gate Capitol. This is said to have led to above market rate leases at many Red Lobster properties. -Both these explanations imply the bankruptcy was due to cost issues. But the evidence suggests there is more to the story.   Click the link to read the full analysis on our blog. #marketresearch #marketing #branding #restaurants https://lnkd.in/gNM5WgMC

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A great share from our friends Velocity Institute and Christopher Durham as Walmart launches a new brand in the #USA. Initial impact strong and modern in design, with the press release highlighting a 'unique product offering' to meet today's consumer needs. Looking forward to see how quickly it resonates with consumers, the innovation pipeline behind it to build a loyal following and the #contractmanufacturing opportunities for businesses looking to supply the USA grocery sector with innovation #foodanddrink #groceryretail #retail #consumerfocused #privatelabel #ownbrand #brandstrategy #australianretail #ukretail (PLMA) Private Label Manufacturers Association Australia / New Zealand Food and Drink Exporters Association (FDEA)

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What does Brian Scott love most about his job as a President of Gourmet Foods International (GFI)? Get ready for an inspiring conversation on the Reconnected Podcast with Luke Abbott! #ReconnectedPodcast #NaturalFoods #RetailGrocery #BusinessIntegrity #FoodSupplyChain #CPGIndustry

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