Beyond Meat Cuts Revenue View, Jobs as Inflation Hits Plant Protein Demand

October 19, 2022 Reuters

The plant-based meat producer plans to cut 200 jobs this year and said its finance chief Philip Hardin, who has been in the role for just over a year, will leave at the end of the month. It named board director Lubi Kutua as his replacement.

Impact of Inflationary Trends on the Beef Industry

October 11, 2022 Beef Checkoff

Inflation, or the increase in prices consumers pay for goods and services, has been one of the most talked about topics of 2022. Most common consumer goods have experienced abnormal price increases to some degree. While the causes of inflation rates not seen since the 1980s have been debated far and wide, the results are indisputable: consumers have experienced a greater strain on their incomes and household budgets than they likely have in some time.

Americans Believe Food Inflation is 22.8%, Nearly 10 Points Higher than Reality, dunnhumby Consumer Trends Tracker Finds

October 5, 2022 dunnhumby

Americans believe that food-at-home inflation has hit 22.8%, 9.7 points higher than the 13.1% annual rate reported by the U.S. Bureau of Labor Statistics according to the latest dunnhumby Consumer Trends Tracker (CTT) released today. The perceived rate of food inflation is 5.1% higher than the dunnhumby Consumer Pulse report from February 2022, just after Ukraine was invaded. The dunnhumby study also found that the impact of food inflation varies widely by geography and demographics.

FMI Research Finds U.S. Grocery Shoppers Remain Resilient in The Face of Rising Food Prices

August 26, 2022 FMI

FMI—The Food Industry Association releases the fifth edition of the U.S. Grocery Shopper Trends 2022 series focused on Back to School and finds 90% of shoppers are concerned about some aspect of food accessibility, with 61% concerned about rising prices specifically—an increase of eight percentage points since February 2022.

Grocery Inflation Reaches Record High of +15.1% In June, Numerator Reports

July 15, 2022 Numerator

“As the cost of everyday goods continues to rise, consumers are shopping around to find value,” said Eric Belcher, CEO, Numerator. “Many of these shifts, including high-income households trading down to dollar stores, are unexpected. With a faster, more holistic view of the impact of inflation across channels, products, and consumer segments, Numerator helps brands capitalize on these rapidly changing behaviors.”