Canada’s food service industry has suffered. But the pandemic may be exactly what it has been waiting for to make things better
It was certainly a year to be forgotten for the food service industry. Statistics Canada numbers told us this week that food service sales dropped a whopping 32 per cent from the fourth quarter of 2019 to the same period in 2020. The food retail/service ratio, a key metric to assess how important food service…
The increased use of energy supplements is leading to harder butter that doesn’t soften at room temperature
For months, thousands of Canadians have taken to social media saying that they’ve noticed that butter sold in Canada is harder and doesn’t get softer at room temperature. Not all butter is harder but most is. Some people blame winter and the colder weather. The truth is more troubling than that. Disturbing reports now point…
Humans are creatures of habit. Most of us are hardwired to leave our homes to go to a place of work, along with colleagues. Most never really questioned it. Earning a living was about going through the endless commute, dealing with gossip and office politics, and working with people you like and dislike. However, the…
Recalls and plant shutdowns due to COVID-19 couldn’t keep Canadians away from the meat counter. But prices did reach the sticker-shock point
The COVID-19 pandemic has affected everyone on Earth one way or another, which is why the moment we are in is so unique. The way we consume food has also changed: how and where we buy it, and where we consume it have seen tremendous changes over the last 11 months. Proteins play a significant…
China is effectively playing the victim card
If there’s one thing we’ve learned throughout this pandemic, it’s how the science related to the virus can be constantly politicized. And to change COVID-19’s origin story, that’s exactly what China is doing. Many are talking about vaccine nationalism, with concerns that some nations are racing to access as many vaccines as possible. It’s disappointing,…
Couche-Tard has a reputation of generating value by polishing hidden gems in companies like Carrefour
We heard this week that Alimentation Couche-Tard is looking at acquiring European-based Carrefour, the seventh largest food retailer in the world. Buying a grocery chain would be a significant departure from what Couche-Tard is known for. A non-binding, friendly offer of $25 billion was sent to Carrefour. Couche-Tard is all about the convenience store economy.…
Many consumers are revisiting their relationship with animal proteins, both at the meat counter and in the dairy products section
Think plant protein is just a passing fad? Think again. You likely noticed that the plant-based counter at your favourite grocery store is growing. There’s good reason: people are buying. Despite the COVID-19 pandemic and the chaos surrounding containment and vaccination rules, consumers are quietly enjoying products made from plant proteins and milk alternatives. According…
No thought as to how it could put many Canadian families in a state of food insecurity by 2030
COVID-19 has had an impact on Canada’s food industry but, over time, resilience will prevail. However, the federal government’s pre-holiday announcement that it will increase the carbon tax to $170 per tonne by 2030 will have a long-term impact on consumers. Climate change is a real and significant problem. We need to act quickly, and…
COVID-19 has made us realize that many people whose jobs are too important to be interrupted are the ones earning the least money
Almost everyone agrees that grocery store workers should earn better wages, especially during a pandemic. In Canada, their hourly rate hovers around $15 an hour. New hires get about $13 an hour, while the highest paid earn almost $50,000 annually, or about $25 an hour. In a high-volume, low-margin world, salaries are what they are.…
The pet economy represents tremendous growth potential for the food service industry. Pets are already influencing the market
According to a recent report by Narrative Research, 18 per cent of Canadians say they got a new pet since the start of the pandemic. That means more than 6.8 million pets were adopted since March. That can be added to the more than 16 million cats and dogs Canadians had in 2019, prior to…