I would like to introduce you to the new website for Nutrition Business Journal - www.nutritionbusinessjournal.com.
Alot has changed in the world of web design since we first launched NBJ’s website in 1998, so you will notice MANY changes in the look, feel and efficiency of the new nutritionbusinessjournal.com.
NBJ’s mission has always been to deliver strategic business information, analysis and market data to those in or interested in the nutrition industry to fuel better business decisions and promote healthier lifestyles. The new nutritionbusinessjournal.com is our new way of delivering on this mission.
I welcome your feedback and suggestions, via this blog or via my email prea@nutritionbusiness.com
Enjoy!
-Patrick
Related Topics: Sports Nutrition, Weight Loss, Mass Market Retail, Natural Retail, DRTV, Education, Online Education, Finance & Investment, Regulatory Issues, NBJ Business Achievement Awards, Consumer Research, Network Marketing, Internet, NBJ/Newport Summit, Events, Supplements, Organic, Consumer Health News, Retail, Functional Foods, Personal Care, Ingredient Supply, China, Uncategorized
More bad news for consumers today. The White House predicts food prices remaining high for the next 2-3 years. In addition, Kraft will hike prices to protect margins and profits, according to CEO Irene Rosenfeld.
The Food Marketing Institute (FMI) found that consumers are spending less at fast casual restaurants and having more of their meals at home or picking up food in the prepared food aisle of restaurants like Publix and Whole Foods Market. 71% of 2,020 respondents to an FMI survey said they were cooking at home more and eating out less. Food industry analysts expect frozen dinners and other frozen prepared foods to see growth in 2008.
This may also drive consumers to fresh foods - meat, seafood, chicken, pork and fruits and vegetables - as some in the natural products industry are suggesting.
Stay tuned!
-Patrick
The 2008 NBJ Summit in Laguna Beach, CA on July 23-25 is fast approaching and registration is open.
Here are a few key links for those considering attending:
Agenda
Live list of attendees
Registration
Featured Speakers
Hotel Info
Other General Info
We’ve worked very hard this year to produce the premier business conference for CEOs in the nutrition industry.
If you have any questions, feel free to call me directly at 303.998.9229
-Patrick
Yes, this sounds cruel, but it really isn’t my idea. Leave it up to the managers at Frito-Lay to figure out how to save money, short-change consumers and (inadvertently) introduce a new way to fight U.S. obesity.
The Dallas News reported that Frito-Lay will hike prices and decrease the weight of their snack packages.
The culprit is well known - high prices for commodities such as corn, cooking oil and the fuel to deliver products to retailers.
After reading this story, it occurred to me that the U.S. recession may help cure the U.S. obesity problem if more companies follow Frito-Lay’s lead. By protecting the health of the bottom line, Frito-Lay may in fact decrease the size of the nation’s waist line.
The actual story here is how cheap food has become over the years. I’ve heard many noted authors including Marion Nestle and Michael Pollan comment on how cheap food has become in the United States. Perhaps this recession will reset more than all the defaulted subprime mortgages.
Earlier in the week Frito-Lay’s parent company Pepsico reported 4.7% growth in quarterly income and 13.4% growth in revenue. At least someone is working to stay fat.
-Patrick
Reuters reports that newly named Nestle CEO, Paul Bulcke, believes rapidly rising food prices will stabilize in the near future. He cites droughts, market speculation and booming interest in biofuels as global food variables that will change in favor of lower food prices. Bulcke also believes that food demand from emerging countries will not subside and continue to put pressure on global food supplies.
