Global Foodservice News
From Chicken Wings to Mother’s Day Flowers, Shortages Abound
The coronavirus pandemic has snarled global supply chains and scrambled supply and demand forecasting for manufacturers across all sorts of industries, from electronics to lumber to poultry. Factory closures, shipping delays, and logistics challenges, coupled with major changes in consumption patterns thanks to lockdowns, capacity and travel restrictions and fear, have created a series of…
Read MoreSpaceman USA to Acquire Food Equipment IOT Tech Startup BDE Innovation.
Forte Supply LLC, the Parent company of Spaceman USA and BDE Innovation has entered into a definitive agreement under which Spaceman USA will acquire BDE Innovation, enhancing the Spaceman USA equipment platform with a portfolio of IoT and dispensing technologies. This transaction brings technology enhancements as well as Marcus Buscemi Jr., CEO of BDE Innovation…
Read MoreMcDonald’s Sales Rebound to pre-COVID Levels in Q1, Earnings top Wall Street Estimates
McDonald’s reported fiscal first-quarter earnings that topped Wall Street’s expectations, with the fast food giant posting sales that rebounded to pre-COVID levels amid the battle of chicken sandwiches, and the industry’s growing digital shift. Here’s what the Golden Arches reported, compared to Wall Street’s expectations, according to a Bloomberg consensus estimate: Revenue: $5.12 billion versus $5.03…
Read MoreUS Economy Accelerated at a Robust 6.4% Rate Last Quarter
The government also said Thursday that the number of Americans seeking unemployment aid reached a new pandemic low last week. Though layoffs remain elevated, they are steadily easing as the economy more fully reopens. All told, the latest figures point to a remarkably fast recovery from the devastating recession that ripped through the economy last…
Read MoreEquipment Giant Middleby to Buy Welbilt for 2.9B
Foodservice equipment manufacturer Middleby Corp. is acquiring smaller competitor Welbilt for $2.9 billion, adding to its wide array of equipment and technology for commercial kitchens. The deal will combine the companies’ “distinct but complementary portfolios” and help expand Middleby’s global footprint, the companies said in a statement. It also advances Middleby’s investments in newer technologies…
Read MoreNominees Announced for the Restaurant Leader of the Year
Extraordinary leadership during a historic economic and social crisis has earned five restaurant CEOs a nomination for the industry’s top honor, Restaurant Business’ Restaurant Leader of the Year. The nominees for the 2021 award are Jose Cil, CEO of Burger King and Popeyes parent Restaurant Brands International; David Deno, CEO of Outback and Carrabba’s parent…
Read MoreMOD Pizza Introduces new Salad Menu Nationwide
MOD Pizza announced it would be launching a full line of customizable salads at all 490 units of the fast-casual pizza chain. A lineup of four pre-designed salads — Caesar, Garden, Greek, and Italian Chop — along with four newly-designed dressings — Caesar, Sherry Dijon, Greek Herb Tahini, and Zesty Roma — will be added…
Read MoreChipotle Mexican Grill is now 51% waste-free
Chipotle Mexican Grill has diverted 51% of its waste through recycling, composting and waste-to-energy programs, according to the fast-casual chain’s 2020 sustainability report released Thursday. This third annual report details Chipotle’s sustainability goals, impact, and progress made in its environmental initiatives. For example, diverting more than half of their waste meets a goal originally outlined…
Read MoreYum Brands announces plans to reduce greenhouse gas emissions by nearly half by 2030 .
The Louisville, Ky.-Based Restaurant Holdings Company also Plans to Achieve net Zero Emissions by 2050 Yum Brands announced Monday the company’s plans to reduce greenhouse gases by 46% by the year 2030, along with achieving net-zero greenhouse gas emissions by the year 2050. The Louisville, Ky.-based parent company of Pizza Hut, KFC, Taco Bell, and…
Read MoreSaladworks Parent Teams with another Ghost Kitchen Company
The parent of Saladworks is doubling down on its nontraditional growth strategy. After unveiling a plan to add 90 locations with Ghost Kitchen Brands in late March, Woworks announced this week an agreement with ghost kitchen franchise Combo Kitchen to bring its Saladworks and Frutta Bowls concepts into the kitchens of existing restaurants. The partnership…
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