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Household vinegar brand Sarson’s #SarsonsFryday initiative, which gives consumers supporting their local chippies the chance to win free fish and chips, is a reminder to the industry that collaborations are a vital survival strategy in the face of a looming recession, says GlobalData, a leading data and analytics company. Hannah Cleland, Foodservice Analyst at GlobalData, […]
Restaurant operators’ price increases could lead to losses if affordability trend is side-lined, says GlobalData
Price inflation has affected all areas of the foodservice value chain, from raw material prices to the final menu product. This has put significant pressure on consumers in the UK, as the cost-of-living crisis has forced cutbacks on spending, says GlobalData. The leading data and analytics company notes that in order to help manage their […]
GST levy will stunt budget hotels recovery in India, opines GlobalData
Following the news that The Indian Goods and Services Tax (GST) Council has levied a 12% tax on small hotels and accommodation facilities charging room rent up to INR1,000 ($12.5) per day effective from 18 July 2022; Anjali Singh, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “The move will […]
Affordable Indianized menu may get Starbucks new consumers but dilutes global brand proposition, opines GlobalData
Tata Starbucks Private Limited (Starbucks), the Indian joint venture of Starbucks with Tata Consumer Products, is revamping its menu with affordable and localized offerings to broaden its consumer base and create new consumption occasions. However, while these affordable mass-market offerings will help Starbucks in taking on spiraling inflation and competitors, it runs the risk of […]
UK consumers will cut out restaurant visits if businesses do not adapt to rising inflation, says GlobalData
Following the news that UK inflation has hit a 40-year high; Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “In response to the rising inflation, many people are being forced to tighten their purses, with GlobalData’s latest survey find that close to two thirds* of UK consumers are […]
Foodservice providers still need to be digitally ready for Platinum Jubilee to combat dining out concerns from UK consumers, says GlobalData
Following new menu item announcements from Burger King and McDonald’s to celebrate Queen Elizabeth II’s Platinum Jubilee; Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “Even with the anticipated footfall during the Platinum Jubilee weekend, foodservice providers must also acknowledge continued high demand of online orders. According to […]
Starbucks’ Russia departure is a bold move but may bring new expansion opportunities in Asia, says GlobalData
Following Starbucks and McDonald’s announcement that it will end all of its operations and branding in Russia; Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “The fast-food giants Starbucks and McDonald’s have clearly recognized the negative impact that continued affiliations with Russia could have on their businesses. With […]
Portion control and health positioning could be the key to mitigating Greggs’ inflation insecurities, says GlobalData
Following today’s news that Greggs’ sales are up 27% in the first 19 weeks of 2022, but warns of cost pressures increasing for the rest of the year; Hannah Cleland, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “Recent inflation has put value-for-money brand, Greggs, in a tricky position in […]
McDonald’s plan to “de-arch” its operations in Russia could see it expand its presence in Asia and Europe, says GlobalData
Following McDonald’s announcement that it will end all of its operations and branding in Russia; Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “The fast-food giant has clearly recognised the impact that continued affiliations with Russia could have on the company. With 72%* of consumer purchases globally driven […]
Behind McDonald’s financial success are challenges arising due to COVID-19, says GlobalData
Following the release of the report of McDonald’s Q1 2022 results; Ramsey Baghdadi, Foodservice Analyst at GlobalData, a leading data and analytics company, offers his view: “Although seeing an operating income increase of 1.4% this quarter gives McDonald’s a reason to celebrate, the company must prepare for new challenges arising in China due to COVID-19 […]
Tim Hortons gears up to tap India foodservice sector revival, opines GlobalData
Canada-based multinational fast food restaurant chain Tim Hortons Inc. plans to debut in India by the middle of 2022, where competitors including Starbucks have gained traction in urban locales through their premium-play. The launch is well-timed to capture the resurgence in ‘out-of-home’ dining, says GlobalData, a leading data and analytics company. Bobby Verghese, Consumer Analyst […]
Expansion from food aggregation to booming e-grocery vertical logical step for Zomato, says GlobalData
Indian food aggregator Zomato announced merger with e-grocer Blinkit, (formerly Grofers India Pvt. Ltd.), subject to approval from the Competition Commission of India, in March 2022. The development, which signals its entry into the nascent online grocery market in India, which eclipses and outpaces the foodservice takeaway market in sheer value sales*, is certainly a […]
Burger King’s meat-free restaurant targets 62% of Brits actively trying to reduce their red meat intake, says GlobalData
The COVID-19 pandemic has changed the way consumers view food as there is an increased focus on healthy and nutritional ingredients and products, which has led to a shift towards plant-based products, says GlobalData. The leading data and analytics company’s 2021 Q4 Consumer Survey found that 62%* of UK consumers are actively trying to reduce […]
International fast-food restaurants are under pressure to boycott Russia, says GlobalData
Following calls from international brands to pull out of Russia due to the Ukraine invasion; Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “Eyes are on big names like McDonald’s to withdraw from the Russian market, however, this is easier said than done for the fast-food industry. Russia […]
Yum! Brands’ strong results driven by digitalization, but a supply-chain rework is needed, says GlobalData
Following today’s trading update from Yum! Brands which revealed that the group enjoyed a 9% sales growth in Q4 2021, with a notable $6 billion in digital sales; Hannah Cleland, Consumer Analyst at GlobalData, a leading data and analytics company, offers her view: “Yum! Brands’ focus on digitalization has paid off, helping the company to […]
McDonald’s leads the foodservice industry through digital and product innovation, says GlobalData
Following the FY 2021 financial announcement from McDonald’s; Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “McDonald’s has done well to adapt to rapidly changing consumption behaviors triggered by the pandemic, with digital orders generating more than a quarter of their systemwide sales. “According to GlobalData’s latest survey, […]
Potato scarcity at McDonald’s Japan attests importance of supply chain resilience in foodservice sector, finds GlobalData
McDonald’s Holdings Company announced that its outlets across Japan will suspend the sales of hash browns, and continue rationing French fries through January 2022. The fast-food chain operator attributed the menu rollback to an acute shortage of potato stocks as floods and COVID-19 disrupted the imports from North America. This just goes to show how […]
Underwhelming UK salary rises will be costly for the foodservice industry, says GlobalData
Following the news that the Resolution Foundation think tank revealed that rising UK salaries will not be enough due to rising costs of living; Ramsey Baghdadi, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “If wages continue to fall behind the rising cost of living, there will be serious consequences […]
Omicron-related consumer caution will batter UK foodservice, says GlobalData
Following today’s news (16 December) that UK Omicron variant cases are skyrocketing; Ryan Whittaker, Consumer Analyst at GlobalData, a leading data and analytics company, offers his view: “In light of the influx of government recommendations, including recent advice to avoid unnecessary socialization due to Omicron, the hospitality and foodservice (FS) industries are certain to take […]
Asian food aggregators step up focus on e-groceries, finds GlobalData
COVID-19 has provided an opportunity for hyperlocal food-delivery service providers to diversify their operations to boost revenues and make their business more resilient to the changing economic cycles and consumer behavior. In line with this, Asian last mile delivery service providers such as Singapore-based Grab Holdings and Indian food aggregator Swiggy are stepping up their […]