Tue.Jul 09, 2024

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Agrifoodtech Funding Drops 12.5% YoY, The De-Evolution of the Alt-Meat Revolution + More

Food + Tech Connect

Image Credit: Food Navigator Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. In the first half of 2024, agrifoodtech startups experienced a 12.5% year-on-year drop in funding, securing $7 billion across 427 deals.

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Value Meals: A 3M Strategy for Restaurant Success

Modern Restaurant Management

May was a challenging month for restaurant companies. Shares of major quick-service restaurant (QSR) brands experienced double-digit drops, consumer confidence declined, and traffic at fast-food restaurants was down by 2.1 percent , according to the Revenue Management Solutions (RMS) Monthly Trends report. Will the summer sun heat up sales? The Summer Outlook Triple-digit temps might light up lagging traffic, but QSRs aren’t going to wait for the post-beach visits.

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Smart technology helping restaurants cut food costs, waste

Fast Casual

To stay afloat amid rising prices of food and labor, restaurants must use inventory management systems, handhelds, loyalty programs, menu auditing, QR codes and other restaurant-specific technology.

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Wendy’s Makes Plans To Enter New European Markets

Foodservice Equipment Reports

Wendy’s announced today, July 9, the signing of two new development agreements with franchisees in the Republic of Ireland and Romania. The franchisees plan to support Wendy’s expansion goals to develop hundreds of restaurants across Europe over the next decade, beginning in 2025. In 2021, Wendy’s re-entered the U.K.

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Protea Hotels by Marriott Adds 84-Key Property in Luanda, Angola

Hospitality Net

Protea Hotels by Marriott makes its debut in Angola with the opening of Protea by Marriott Luanda. Situated between the city centre of Luanda and Talatona, the new hotel offers proximity to a wide range of business, sports and private event destinations, as well as leisure retreats near the sea. The hotel interior creates a comfortable ambience across its public space and 84 guestrooms and suites, using contemporary furniture in African-styled terracotta colour and furnishings made with locally

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First Market Group Companies Enhance Portfolios

Foodservice Equipment Reports

Two sister manufacturers’ rep firms—First Market Group and First Market Group 14—continue to build out their portfolios. Most recently, FMG (MAFSI Region 12) announced it now represents Frosty Factory. Mark Rudd, one of its principal partners, says in the release he’s excited about representing one of the most comprehensive lines of frozen drink machines on the market.

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OSHA Proposal To Protect Employees From Extreme Heat

Foodservice Equipment Reports

Last week the Department of Labor posted a proposed rule aimed at protecting millions of employees from significant health risks of extreme heat. The department says record-breaking temperatures across the nation have increased the risks employees face on the job, especially in summer months.

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FSAI Publishes Guidance for Industry on Safe Use of Probiotics in Food Supplements

Food Safety Magazine

The Food Safety Authority of Ireland (FSAI) has developed a guidance document to help food supplement producers and food businesses assess the safety of probiotics used in their products.

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Registration Opens for MUFES 2025

Foodservice Equipment Reports

From big-picture trends to dialed-in technical details, FER’s Multiunit Foodservice Equipment Symposium delivers content that helps operators thrive. Registration has opened for MUFES 2025, slated for January 27-29 at the Hyatt Regency Clearwater Beach Resort & Spa in Clearwater Beach, Fla. Operators with foodservice equipment and supplies responsibilities will want to register now at fermag.

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Heading to SNA's annual conference? Here are the must-attend sessions, according to FSD editors

FoodService Director

AI, school-meal legislation, seasonal foods and more are among the educational highlights at the upcoming School Nutrition Association’s Annual National Conference in Boston.

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Dave’s Hot Chicken Rolls Out to UK, Ireland

Foodservice Equipment Reports

and Ireland residents will soon have access to Dave’s Hot Chicken. The fast-casual brand has signed an agreement with Azzurri Group to open 60 locations across the U.K. and Ireland, with the first location planned to open in London by Q1/25.

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The Future of Hospitality: How AI-Powered CRM is Revolutionizing the Hotel Industry

Hospitality Net

In today’s fast-paced digital world, the hospitality industry faces unprecedented challenges and opportunities. As customer expectations continue to evolve, hotels must adapt to stay competitive. One of the most promising solutions on the horizon is AI-powered Customer Relationship Management (CRM) systems. These advanced tools are transforming how hotels interact with guests, manage operations, and drive business growth.

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Farm to Fork Profile: A Vision for the Future of Regenerative Agriculture at Tree-Range Farms

Bon Appetit Management Company

Former Fellow Elise Kulers (third from right) joined a group of Carleton and St. Olaf students and Bon Appetit team members on a field trip to Salvatierra Farms, where owner Reginaldo Haslett-Marroquin (far right, standing) explained his farming philosophy at his “poultry-centered regenerative system.” Reginaldo Haslett-Marroquin is the architect of the poultry-centered regenerative agroforestry system.

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Crescent Hotels & Resorts Announces Management Agreement for Virginia’s First JW Marriott

Hospitality Net

Scheduled For a 2025 Opening, The JW Marriott at Reston Station Will Include a Hotel and Luxury Condominiums.

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California bill that would ban certain additives in school meals takes another step to becoming law

FoodService Director

Also in this week’s legislative update: New data from Massachusetts analyzes the impact of the state’s universal free school meals program.

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Revamping Fort Lauderdale: Convention Center Expansion and Omni Hotel Development

Hospitality Net

Fort Lauderdale, a staple South Florida beach destination, is shifting its focus beyond leisure tourism with a $1.3-billion investment in the Broward County Convention Center and adjoining Omni Hotel. Following this project, Fort Lauderdale will position itself as both a vacation destination and a commercial city.

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State of Food Traceability, Role of Technology in Food Safety, CEO Katy Jones Insights

FoodLogiQ

In this special episode of the Food Tech Talk podcast, Lydia Adams sits down with Katy Jones, CEO of Trustwell, to discuss the current state of the food industry, the crucial role of technology in food traceability, and Trustwell's vision for the future. Katy shares insights from her extensive experience and recent engagements, including her comments to the FDA and the company's innovative strides in capturing over 200 million critical tracking events.

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Why a Data Strategy Is Key to Menu Engineering Success

Hospitality Net

Amid a growing travel market and steady inflation, hoteliers are under increased pressure to differentiate themselves from competitors and remain profitable. While room rentals are often considered the greatest source of hotel revenue, your culinary offerings also serve as a valuable opportunity to attract and retain business.

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RSG Adds to Leadership Team

Foodservice Equipment Reports

As Refrigerated Solutions Group’s new vice president of marketing, Andrew Carroll will focus on driving the manufacturer’s digital marketing and collaborating with sales leaders. Carroll joined RSG from International Lighting, where he served as chief revenue officer.

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Hilton Expands Global Luxury Portfolio with Nearly 400 Extraordinary Boutique Hotels through its Exclusive Partnership with Small Luxury Hotels of the World

Hospitality Net

Hilton is dramatically expanding its portfolio of luxury hotel experiences with the addition of nearly 400 boutique properties from the exquisite Small Luxury Hotels of the World (SLH) collection. Starting today, hundreds of these properties will be available on all Hilton direct booking channels, including Hilton.com and the Hilton Honors app.

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Starbucks, Dunkin’ and Others Team Up in Test

Foodservice Equipment Reports

Starting next month, several chains in Petaluma, Calif., will band together in the name of sustainability. Starbucks, Dunkin’ Donuts, Peet’s Coffee, Burger King and Yum Brands concepts are among those who will participate in a city-wide returnable cup test, from Aug. 5-Oct. 28, in partnership with NextGen Consortium.

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Hotelogix PMS integrates with Lybra RMS to help hotels increase revenue

Hospitality Net

Singapore, 10/July/2024: Hotelogix, a globally leading cloud-based hospitality technology provider, announced the two-way integration of its Hotel Property Management System (Hotel PMS) with Lybra’s Assistant Revenue Management System (RMS). This strategic integration aims to revolutionize revenue management in the hospitality industry, offering hotels efficient and effective tools to boost their revenues.

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Burkett Expands Financing Options with Credit Key Enterprise Net Terms

Burkett Restaurant Equipment

PERRYSBURG, Ohio, July 9, 2024 – Burkett Restaurant Equipment & Supplies has added Enterprise Net Terms to its financing options through Credit Key. This groundbreaking product redefines access to term payments for businesses of... The post Burkett Expands Financing Options with Credit Key Enterprise Net Terms appeared first on Burkett Restaurant Equipment.

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Radisson Blu Aqua Hotel, Chicago, deploys IRIS mobile ordering to grow F&B revenue and improve staff retention

Hospitality Net

IRIS, a global market leader in mobile F&B ordering, guest directory and concierge solutions for hotels and restaurants, has been selected by Radisson Blu Aqua Hotel, Chicago, to optimise and expand their F&B operations with mobile ordering.

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Composting and Food Safety

MSU Agrifood Safety Produce Bites

In this episode of Produce Bites, we explore the role of composting on the farm and the food safety considerations every grower should know. This episode features Morgan Anderson, Produce Safety Technician with the Ottawa Conservation District, and Eliza Hensel, Compost Systems Educator with Michigan State University Extension. They discuss their composting processes, the importance of validation and recordkeeping, best practices for handling and storing compost, and more.

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W Hotels Expands Its ‘W Presents’ Series, Enhancing Live Music Experiences With a Multi-Destination Global Tour

Hospitality Net

W Hotels, part of Marriott Bonvoy’s global portfolio of over 30 brands, today announces the global expansion of its celebrated live music series, W PRESENTS, unveiling a multi-stop global tour route. Uniting the worlds of music and luxury lifestyle hospitality, the next iteration of W PRESENTS will head to W Hotels properties around the world following the program’s first shows of 2024 at W South Beach during Miami Music Week and W Costa Rica – Reserva Conchal and W Algarve earlier this Spring.

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New Catalyst LLC Courses Develop Soft Skills, Emotional Intelligence in Food Safety Professionals

Food Safety Magazine

Catalyst LLC is launching a new suite of online courses designed to close skill gaps and enhance emotional intelligence in the workplace. Registration is open.

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HFTP Launches Clubs-Online, Offering Exclusive Content for the Club Industry to Power Management Decisions

Hospitality Net

Hospitality Financial and Technology Professionals (HFTP®) is expanding its news and information distribution arm with the launch of Clubs-Online™, a newsletter catering to club professionals. The newsletter, available to HFTP members and subscribers, will feature exclusive content presented by industry experts and geared to club professionals, owners, and board directors as it relates to finance and technology.

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Responsible innovation: Mitigating the food safety aspects of cultured meat production

Food Safety Chat

Really thrilled that my paper "Responsible innovation: Mitigating the food safety aspects of cultured meat production" has been published in the Journal of Food Science.

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Pyramid Global Hospitality Unveils New Workplace Management Brand: PYRAMIDWORKS

Hospitality Net

Pyramid Global Hospitality – the powerhouse hospitality company behind inspired collections like Benchmark Pyramid Luxury & Lifestyle and Hamilton Pyramid Europe – announces the launch of PYRAMIDWORKS, a new brand dedicated to crafting and overseeing curated office communities, catering to the evolving needs of today’s workplace environment.

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Marriott International Launches ‘Business Access by Marriott Bonvoy’

Hospitality Net

Marriott International today announced the launch of Business Access by Marriott Bonvoy™ (“the Program”), a comprehensive online travel booking program designed as a direct channel for small to medium-sized businesses. The Program combines an expanded booking experience with benefits and rewards available only through Marriott Bonvoy’s award-winning travel program and portfolio of brands.

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