Thanksgiving retail is expected to see a more judicious consumer who expects to pay more this year and will seek more deals while retailers can expand food service departments with semi and fully-prepared meals to complement the majority of consumers who cook at home, according to holiday data from both FMI – The Food Industry Association and Circana.
Good food is the foundation for good health, but according to the US Department of Agriculture 10% of Americans, or approximately 33.8 million people, don’t have reliable access to healthy nutrition – a sobering statistic that online grocery technology and delivery company Instacart is tackling head-on through a wide range of programs, partnerships and policy advocacy.
Food delivery startup Wonder Group’s acquisition of Blue Apron announced this morning puts an end to the meal-kit pioneer’s tumultuous journey as a publicly traded company during which its equity value plummeted dramatically and leadership was forced to slash staff and assets.
Meal kit pioneer Blue Apron expects to return to profitability by the second quarter of next year after a post-pandemic decline in demand caused its revenue and margins to tumble – pushing it to adopt an “asset-light” model in which it handed off manufacturing and significantly cut staff to reduce overhead.
The online grocery channel is facing several headwinds in 2023, as macro-economic factors are influencing where and how consumer shop, Gen Z consumers become weary of tech, and two key market players - Walmart and Amazon - intensify their rivalry, Matthew Barry, insights manager at Euromonitor, told FoodNavigator-USA.