When making your own pizza dough, most recipes call for sugar. Do yourself a favor and instead use some higher end local honey. Honey is a great example of how to command premium pricing for a common CPG product. Pushing avg category prices up with "premium products" is in a win for the buyer's set (who doesn't love more rent) while giving consumer's greater choice with a trade up. As for how high can you go with a premium offering? I’ve always thought that threshold was around 200% from the blended average of private label and national brand is about the threshold. Any more from a trade-up perspective feels a bit greedy and might put consumers off. (Example: if onshelf prices are $4 to $7 dollars, $14 is about as high as I recommend going - any more is a BIG ask from consumers.) That’s where size comes in: target your unit volume / quantity to a specific price point that works at your target retailers (like what you’d do for Costco). Bon Appetit!
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This news is interesting ... Sorry it is not about technology but about retail, citizen consumers and about food. ------------------->>>>>> ‘Does Costco know something?’ Retailer’s $80 ‘apocalypse bucket’ is packed with food that can last for 25 years BY SEAMUS WEBSTER Available on Costco’s website for $80, the Readywise Emergency Food Bucket includes 25,280 calories of freeze-dried security for whatever the next two-and-a-half decades have to throw at the world. Inside are 80 entrees, 30 breakfasts, and 40 drink servings, with a variety of meals like pasta alfredo, teriyaki rice, and “potatoes and chicken flavored” pot pie. https://lnkd.in/ei_bpXRi The bucket includes 150 meals with a total caloric content of 25,280, and is meant to help in “maintaining a sense of normalcy when the world around you might ...
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Consumers increasingly mix and match items they cook fresh scratch with items that are semi- and fully-prepared. Likewise, consumers complement restaurant-bought items with store-bought items. Deli-prepared foods is also experiencing sales growth for complete meal solutions, replacing both home-cooked and restaurant meals. This has fueled robust for the grocery deli-prepared department pre- and post pandemic. Over the past year, deli-prepared appetizer sales have reached $2.1 billion, which is an increase of 4.9% versus last year and 16% compared to three years ago. Unit sales are on a three-year winning streak as well. Year-over-year, unit sales of deli-prepared appetizers increased 4.8%. While the nation’s eye is on price and promotions, convenience remains important. For more data, insights and merchandising inspiration, visit www.mushroomcouncil.org #MushroomsAtRetail #Mushrooms #DeliPrepared
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?Did You Know? AFFI offers free monthly retail snapshots and analysis, available free to members. These reports provide the latest data and insights that you can take to your retail partners and sales/marketing teams. The latest report reveals that frozen food sales reached $8.3 billion for the month of August, and meals and desserts were the largest sellers. More and more categories are also growing unit sales, including pizza, fruits and vegetables, and baked goods. A tampered consumer confidence means a home-centric meal environment remains likely. Learn more about AFFI's Business Insights offerings: https://affi.org/insights/
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Sauce obsessed? I love the idea of restaurant chains manufacturing and bottling sauce. Why this is a genius move: 1. LOYAL FANS ARE BANK! Anyone committed as deeply to chicky nuggies (or strips) must have a stance on their favorite brand AND favorite sauce. This one is high on our list (just ask our kids.) And... the brand enjoys the benefits of additional sales to fans at retail. 2. EYEBALLS ON BRAND. Yes, refrigerated sauces are genius, and not just because they create another purchase incident for customers. More importantly, they occupy loyal customer's coveted refrigerator space at eye level, every day... driving top-of-mind awareness and frequency of visits. 3. QUALITY CONTROL. Manufacturing sauces and seasonings will accomplish a number of things for any growing restaurant brand: quality control, reduced costs, labor efficiencies, bolt-on retail sales, etc. This is true in the back of the house (where it lives in 2 Gal jugs) AND in bottles forward-facing to consumers. Genius! If you are interested in learning more, we provide consulting and coaching services around: ?? reviewing operations and sales to determine opportunities for manufacture ?? sourcing and reviewing potential manufacturing partners ?? site visits and audits for manufacturing sites ?? system-wide testing and validation, customer feedback Food for thought. #cpg #restaurantindustry #franchising #restuarants #restaurantmanagement #productdevelopment
Zaxby's Franchising LLC’s is the latest chain to extend its sauces into retail. Zaxby’s will sell three of its signature sauces, including Zax Sauce, in grocery stores throughout the south and on Amazon.com. https://ow.ly/6Nwa105B1WF
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It’s a question we hear a lot: With the complexities and velocity of fresh food wholesale, is inventory management worthwhile? Does it even work? Coming from a supplier background ourselves, we understand that reticence. But we have also seen how to solve it in a way that works for fresh food. Check out ‘5 Inventory Management Tips for Fresh Food Distributors’ on our blog to know more. https://hubs.ly/Q02K9xfS0
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These CPG products were too good not to share. Here are my must-haves from 2024: If you know me, you know I looooove trying new CPG products. Wanted to give a quick shout out to some of my favorite products from 2024. Here we go: Simple Mills Crackers (ideally from Costco) These crackers are SO good. Every time I go to Costco, I have to get the mega-pack and end up finishing them way too fast. SAUZ Summer Lemon Marinara I'm clearly a huge fan of the SAUZ brand, but of all their flavors, this one surprised and delighted me the most. Truvani Banana Cinnamon Was fortunate enough to try all the Truvani flavors at Sproutscon last year, and I was blown away by the banana cinnamon flavor. I actually bought it after I ran out of the trial packs, and it's become a staple for me. Nütrops (by Grüns) Yes, I'm biased, but these mushroom gummies are shockingly delicious. I never thought I'd be a mushroom supplement girl, and I can't get enough. (Neither can my husband who eats ~3 packs a day.) Catalina Crunch Cereal If you're looking for great macros AND great taste, look no further. I'm not someone who likes to pay $8+ for cereal, but Catalina Crunch is totally worth it. Will never not have this in my pantry again. What was the BEST CPG product you tried in 2024? #CPG #marketing #newproducts
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I wonder why Jasmeet Singh has stopped criticizing Loblaws for high grocery prices? I would almost have believed he had a hidden agenda for singling them out. As well as blaming retailers--what about manufacturers--we all get coupons for $1.00 or more on certain products--to bolster product loyalty--and more and more people are using them. But when is the last time you saw a coupon for a staple for a low income family: eg. Kraft or Black Diamond cheese slices (not the Gourmet ones), Wonder Bread, Campbell's Tomato Soup, Kraft Dinner etc.? Why do you think Jasmeet singled out Loblaws and not other chains and not manufacturers?
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I figure there's a nonstop flow of LI updates telling you how wrong you are and how to do it right. Consider this a break - my new hack for Avocado Toast. I LOVE avocado toast (especially with a thick yummy sourdough). This will seem ridiculous. I was trying to cut bread/stop buying breakfast out and make it at home. So here goes: Costco sous vide egg bites (basically the Starbucks one). I use the egg white ones ($12/5 about $2.40 each serving of 2 egg bites) - 1:40 in the microwave or a few minutes in an air fryer) + Costco avocado smash (About $13/16 - .81 each serving) means you don't have to pick avos and open them every day. Put these two together, throw some seasoning on top (zaatar, siracha, etc) and maybe a splash of olive oil. Costs under $3.50. At Starbucks this will cost about $6.25 (Egg Bits are $5+ and the avo spread is $1.25). I know this post is going to go viral and Costco is going to make a ton of money, hence my long position on Costco stock increasing right before this post. Then of course Starbucks will lose a ton of money, hence my short position there.
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2 个月Honey in pizza dough?…havent heard of that before. Is that deep dish or tavern style approved