Snapshots of Food Industry News
Coca-Cola Aiming for Packaging that can be 100% Recycled
The Coca-Cola Company has announced that it has a new packaging vision where packaging will be reshaped so it can be 100 percent collected and recycled.
Coca-Cola system intends to have a multi-year investment that includes on-going work to make packaging 100 percent recyclable by 2030 so that waste generated by packaging can be reduced globally. The Company feels that bottles and cans must not harm the world and so they wish to take action.
Coca-Cola’s ‘World Without Waste’ aims to work with bottling partners to achieve their goals of collecting packaging across the industry, including bottles and cans from other companies. They intend to work with local communities, industry partners, its customers, and consumers to help address packaging litter and marine debris. The Company is planning on building better bottles by developing plant-based resins or reducing the amount of plastic in each container. Coca-Cola will take action with new regional local level partners and help motivate consumers to recycle more packaging.
Godrej Food Trends Report on Indian Cuisine for 2018
The food world has seen a number of new trends in the past few years but this year it is the humble millets that are in the spotlight. Since the Godrej Group has an interest in the food business they have worked with experts and thought leaders in the food industry to make predictions about food trends in 2018. Top predictions are that
- Indian millets will become a popular ingredient in the world
- Increase in demand for regional flavors
- Buddha Bowls will make more appearances
Among Indian cuisine, North Eastern foods will emerge as a strong favorite followed by Bengali and Kerala cuisine. Foodies will prefer to buy millets and alternative grains along with other indigenous ingredients. Consumers are likely to invest in grills and BBQ sets and induction cookware. The most popular superfood is likely to be Moringa. As for beverages, the locally brewed variety is likely to become trendy.
Metro Cash & Carry Sees Faster Growth in HoReCa Segment
Metro Cash & Carry is expecting its hotels, restaurants, and caterers (HoReCa) segment to have a faster growth post-GST. This is the reason why Metro is all set to help its B2B HoReCa customers like small restaurants to set up their websites and also develop their menu and improve their quality free of cost. The company is projecting itself as a one-stop destination for HoReCa segments assortment needs. They will help small restaurants that sell Indian cuisine to expand their menus to include foods like burgers and pasta and would sell burgers, frozen patties, mayonnaise, etc. to them.
Metro is already helping its customers in Kirana and traders segment to digitalize their business. It will now also focus on the smaller kirana stores by providing the hardware and software to track their daily sales and profitability. They have already placed about hundred machines with devices in kirana store in Bengaluru and Hyderabad. They will be able to track top selling items and slow items and even message their customers about special promotional plans. The cost of per unit is around Rs.35, 000 and Metro provides these machines to kirana customers for free.
Demiurgic Hospitality Launches New Brand “IDabba”
Demiurgic Hospitality has launched their home cooked food brand “iDabba”. iDabba is a lunching solution for corporates and millennial in Gurugram. iDabba resolves the daily eating problems and also provides nutritious meals at the workplace. The cost of iDabba starts at Rs.99/- and orders are taken through the iDabba app only. iDabba intends to fill the gap of non-availability of home cooked food for lunch. Though there is a new menu each day consumers have multiple options to customize meals. Offices can also pre-order for the large group of employees and do away with cafeteria and outsourcing to third-party vendors. Individuals can order just one iDabba at nominal delivery fees. Demiurgic Hospitality already has other brands in Gurugram like World in a Box, Deseez, Bitez. With so many options available every day, consumers won’t need to repeat a meal. The food is made in state of the art kitchen in a hygienic manner using fresh produce and ingredients from local farms and farmers in Gurugram.
Jubilant FoodWorks: Same Store Sales up by 17.8 Percentage
The fact that Jubilant FoodWorks has reported and increased by 17.8 percent in same-store sales points to the revival in the fast food eating space. Jubilant operates fast food outlets like Domino’s Pizza and Dunkin’ Donuts. Jubilant reported a rise in sales for the third quarter ended December 31, 2017. The company believes the rise in sales is because of everyday value pricing and deals, online ordering which contribute to about 60 percent of delivery revenue. Dunkin’ Donuts losses have begun to reduce as the focus has shifted to donuts and beverages and closing down of unprofitable stores. The company’s focus on consumers and improved products, as well as control on costs, have seen them making a healthy margin expansion.
Harsimrat Kaur Badal: India and ASEAN Co-operation can Dominate World Food Market
India’s Union Food Processing Minister Harsimrat Kaur Badal has stated that India and the ASEAN nations have the potential to dominate the world food market by maximizing opportunities in the food processing sector. She said that each of the 10 nations of the ASEAN group Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, the Philippines, Laos, and Vietnam, can benefit from each other’s experiences and also share technologies in the field of food processing. She also called for the optimum utilization of limited natural resources and reduction of the post-harvest farm losses.
Badal stated that the future of food lies in the east because agriculture plays a key role in all these eastern countries. She said that if the nations came together they could become major food suppliers in the global food market. She highlighted that India’s launch of the agro-marine processing scheme SAMPADA, at a cost of Rs.6000 crore was a measure that would promote food processing. Lao’s Minister to the PMO Alounkeo Kittikhoum suggested that India should assist ASEAN in improving crop yields and generating higher production through joint ventures and transfer of technologies. Agricultural and Processed Food Products Export Development Authority (APEDA) Chairman Devendra Kumar Singh said that India can help ASEAN nations to produce organic products, besides supplying processing items such as lactose-free milk, gluten-free wheat, and nutrition-rice millets.