The U.S. market is becoming increasingly saturated for many leading foodservice brands. Many have recently shared their plans for international foodservice business development and expansion. International restaurant expansion comes with a host of challenges for all constituents: manufacturers, operators and distributors.
For decades, foodservice has been defined as food prepared away from home. Today, however, the lines are blurring between foodservice and in-home meals. When people entertain at home, for example, they often acquire food from both retail and foodservice sources. Research shows that people enjoy eating at home when they are multitasking or when they want a comfortable atmosphere. On the other hand, consumers are excited and passionate about away-from-home meals. Rather than trying to get people into restaurants, foodservice companies can succeed by bringing food to consumers at home. Keys to success are improved access, delivery, and automation.
More than 500 prominent foodservice leaders spanning the operator, manufacturer and distributor communities gathered the first week of November at the 54th annual IFMA Presidents Conference to discuss the critical issues impacting our industry. From digitalization to changing consumer preferences, attendees walked away from the three day conference with high-level insights and questions that will impact their companies and industry for years to come.
With the foodservice landscape changing before our eyes, it is imperative to look around the corner and lead with a vision for tomorrow. IFMA is pleased to welcome Nigel Travis, Chairman and Chief Executive Officer of Dunkin’ Brands, to expound upon his industry experience during his closing keynote at the 54th Annual IFMA Presidents Conference.
The 2014 Foodservice "State of the Industry Report" is one of 10 powerful presentations that are covered in the 2014 IFMA Presidents Conference Executive Summary Series, all of which are now made available as a resource for culinary, marketing, sales/supply chain, insights and executive leaders in the foodservice industry.