The Future of Foodservice: Big Opportunities, Product Innovation and Consumer Taste -2018

Albany, US, 2018-Mar-16 — /EPR Network/ — An up-to-date research report has been disclosed by Market Research Hub highlighting the title “The Future of Foodservice – Big opportunities and potential disasters ahead for the restaurant and food industry” which provides an outlook of the food service industry has a challenging period of change and opportunity ahead of it that could produce some major difficulties too. The industry is implementing new technology to make the product more convenient and easily available and has had some success, but potential failure to meet consumer is ever present and a number of big brands have failed in their attempts to innovate.

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The food service supply line remains under heavy threat from environmental pressures and over farming, and the industry will have to find ways to make its products more sustainable and safe. Consumer tastes are changing and there is a large gap in the market to better provide healthy, organic and vegan food in future for a new generation of people that want different products.

Ethics in the industry is a continuing concern and the wages of workers, the safety of the food and deliberately misleading food information is reducing consumer confidence in the industry. Some of the leading brands are struggling to properly connect with customers at the moment and have sales dropping significantly, but so too are many businesses making big changes to exploit new opportunities in the food service industry.

Key Highlights
– Foodservice is an industry that for a long time relied upon more or less the same methods of selling and delivery, but technology has had a transformative impact beyond what many analysts imagined when the internet became a feature of everyday life. Product innovation has been somewhat speedy.
– Major brands are investing heavily into creating online and mobile platforms that make products exciting and attractive to consumers. Food has never been so convenient and the encroachment of technology into a buying experience that formerly only involved at most a phone call is beginning to dominate.
– Foodservice, particularly in restaurant form, suffers when costs rise due it being one of the most controllable areas of spending for most people. Producers should take note.
– Various environmental threats in the oceans and on land threaten to interrupt supply and make products more expensive. For businesses that are predicated upon reliability, convenience and speed, environmental factors constitute a rising threat to the key points of attraction many customers demand.
– The industry will have to adapt by ensuring supplies are more secure and sourced from sustainable sources. Many consumers are becoming more environmentally aware, driving the growth of flexitarians, and it will become of increasing importance in the coming years.
– A critical eye has been cast over the entire food service industry in recent years and it has largely been found wanting in many areas. From new modern delivery services through to traditional tipping culture and even to the way our food is grown and supplied, there is a kind of inherent exploitation of something or someone built into the actual business model.
-This has largely been less important historically, but now that animal welfare standards and minimum wages are coming under the spotlight so too are certain food service businesses with questionable practices.

Scope
– Learn how technology is changing the food service industry.
– Examine the threats to the food service industry supply chain and what can be done to improve food security.
– See how consumer tastes are changing and what food service companies are doing to adapt.
– See how much of a problem ethics and wages are for the industry.

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Reasons to buy
– What are the major changes happening in the foodservice industry?
– Who are the major players implementing those changes
– What problems does the industry currently face?
– What does the future of the industry look like?
– Are there any major opportunities for players to capitalize on?
 
Table of Contents:
Innovative Technology is transforming food service industry 2
Foodservice industry under pressure from threats to supply chain 2
Millennials have specific requirements when it comes to food 2
Wages in the food service industry are more important than ever 2
Food service industry will need to clean up its act to suit changing tastes 3
Innovative Technology is transforming food service industry 8
Starbucks targets artificial intelligence to improve consumer spending 8
Digitization of Domino’s Pizza has proved highly successful – rivals are taking note 9
World’s largest food service delivery company, Delivery Hero, is changing food service forever via data 10
Whilst fast-food convenience thrives, Amazon targets grocery deliveries 11
Gig economy is making app-based food service function, but this may not last forever 12
Foodservice industry under pressure from threats to supply chain 14
Poisoned soil raises concerns over agriculture in developing world 14
Oceanic dead-zones pose major environmental concerns for food service companies 15
Global fish stocks are in decline due to overfishing – food service companies face severe long-term issues 16
Continue@…….

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Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of foodservice market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.
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