Understanding the trends and food preferences of the Post-Millennials
Sep 13, 2018
We’ve been talking about Millennials for years, and rightfully so: They are an influential subset of the population (those born between 1981 and 1996) who have significant buying power today.
However, in addition to considering the factors of today, the most successful food and beverage companies look ahead to prepare for the customers of tomorrow. Enter: Generation Z.
Mar 1, 2018
The food industry is in the eye of a hurricane named Disruption.
Sweeping consolidation has turned the traditional food industry on its head, leaving major companies like Heinz, Kraft and Unilever feeling under siege. Other major players are working to “redefine” themselves before they become acquisition targets. Taste preferences have evolved and weekday sit-down meals are no longer a mainstay as families are increasingly on-the-go. Therefore, convenience is the name of the game.
Big companies are being challenged by upstart brands: Chobani challenged Yoplait and Dannon, long-time leaders in the yogurt market, and KIND bars have become one of the fastest-selling snack bars on Amazon. Neither company existed at the beginning of the 21st Century! Is the “slow and steady wins the race” mantra of the food industry on the way out?
Dec 21, 2017
Believe it or not, 2018 is just around the corner. A lot happened in the food industry in 2017, including groundbreaking mergers like the Amazon-Whole Foods deal, the first major compliance deadlines for Food Safety Modernization Act (FSMA) rules and the dawn of a new presidential administration.
We know the food industry doesn’t slow down, so what should you keep an eye on as we venture into the new year? Here are some of my top trends to watch in 2018.
Strategic planning for food processors series
Dec 15, 2016
A strategic plan is a roadmap that defines the future of your business. That roadmap is crucial to your company’s success down the road, but creating one is a heavy undertaking. Food processors are already pressed for time with day-to-day tasks, and dedicating time and resources to plan for the future may not be feasible.
Questions to answer when building your business plan
Dec 8, 2016
Does your food processing company have a strategic plan? Failing to plan is planning to fail—especially when it comes to your business. Earlier this year, Stellar hosted the Food Engineering webinar, 3 Key Elements in a Successful Strategic Plan for Growth. That webinar is now available on-demand, so you can still catch up on our discussion about how strategic planning can benefit food manufacturing plants, and how you can get started with developing your own strategic plan.
5 key considerations to drive your decision
Aug 4, 2016
Should you renovate your existing facility or build a new facility? This question isn’t an easy one to answer and is, of course, dependent on capital expenditure. However, your answer should also be driven by your company’s strategic plan to ensure that your decision aligns with your long-term needs and goals.
Understanding crucial elements to forming a thorough strategic plan
Jun 2, 2016
What’s the best way to remain competitive in the food processing industry today? A strategic plan. It equips your business with the knowledge, tools and strategies necessary to evolve and adapt to changing marketing conditions and consumer demands. In fact, we’ll be hosting a Food Engineering webinar June 23, 3 Key Elements in a Successful Strategic Plan for Growth to dive into strategic plans even further. Last week, we discussed the first step in developing a strategic plan: developing a business plan. This week, we’ll discuss step two: conducting a manufacturing analysis.
A comprehensive look at the time frame, scoring parameters and more
Apr 28, 2016
Last week, we outlined the basics of a Safe Quality Food (SQF) certification, examining the benefits, costs and the steps. However, the biggest piece of this food safety certification is passing the actual audit. Here, we provide a comprehensive look at the initial SQF certification audit process, including the time frame and scoring parameters.
A basic look at the benefits, steps associated with the food safety program
Apr 21, 2016
Consumers’ increasing scrutiny of the food industry continues to crank up the hot seat for processors and manufacturers. Consumers not only want to ensure the food they’re putting into their bodies is safe, they want proof. This has led to a slew of third-party food safety certifications. The globally recognized Safe Quality Food (SQF) certification is one specific program gaining traction among food companies thanks to its comprehensiveness and consistency. Approved by the Global Food Safety Initiative (GFSI), the SQF program follows a “one world; one standard” vision, reducing the need for multiple food safety audits. So, what’s involved in a SQF certification? Let’s take a look at the basics of obtaining an SQF certification, from the fees to the steps involved.
Mar 10, 2016
When choosing the ideal site for your new food plant, your decision should always tie back to a single question: How will this site help my business thrive? Build a sound business plan around the type and quantity of goods your facility will produce, and use that plan to guide you through your site selection. You’ll need to address several factors throughout your search, most of important of which are the five core factors illustrated in the infographic below: