Our top five articles for July include a look at food and drink trends for Millennials and Gen Z, possible food ingredient shortages driven by climate change, and a report on record-low global CPG innovation.
Guest author Signe Svanfeldt, Lead Nutritionist at Lifesum, explores the unique tastes and attitudes of Gen Z and Millennial consumers. The trends that define the preferences of these generations include improving sleep and mental health and nutrition on a budget.
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Physically demanding work, high turnover, and challenging shift schedules contribute to the current labor shortage in the food packaging industry. Specialized staffing agencies can help companies cross these hurdles, successfully placing candidates while prioritizing workplace safety.
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Frank Jaksch, CEO of Ayana Bio discusses the challenges posed by climate change, including its threat to disrupt global food supply chains. Some of the ingredient crops to keep an eye on are locust bean gum, vanilla, and lavender. Jaksch also provides potential solutions to these disruptions, including alternative ingredients and supplier diversification programs.
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Global CPG launches are down, with only 35% of global CPG launches being new products. This is the lowest percentage since Mintel started tracking new products in 1996 and is driven largely by consumers’ focus on value as opposed to discovering new products.
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Sheila Stafford, CEO and Co-Founder of TeamSense, highlights the workforce gap taking place in many sectors of the food and beverage industry. The author writes about the use of digital and automated communication systems to improve efficiency, as well as a points attendance system to increase accountability and transparency.
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