Snacking is king, and instore bakeries are adapting with smaller-sized products and other goodies tailored to Americans’ boundless appetite for snacks.
Despite cost pressures and operational challenges, the global poultry market is bullish with high demand and tight supply, Rabobank said in its Q3 2022 report.
The inventory of all hogs and pigs on June 1, 2022 was 72.5 million head, down 1% from a year ago and down slightly from March 1, 2022 according to data from the US Department of Agriculture’s National Agricultural Statistics Service (NASS).
Highly perishables now make up 39% of grocery stores, and produce alone is nearly 24%. These items have a short lifespan and are ripe for waste if not purchased. And food waste is expensive: shrink costs retailers $52 billion annually.
As the inventor of the first paper baking mold and a global leader in design, manufacture, and distribution of paper products for the baking and confectionery industries, Novacart offers innovative engineering and state-of-the-art proprietary technology that serve customers from small corner bakeries to large commercial production facilities.