Cashierless Tech Creating New Channel for Growth 

Cashierless stores could redefine how shoppers interact with supermarkets, but the field is still in its relative infancy, with experimentation ongoing. 

It’s been over two years since the start of the pandemic, a span in which many consumers began ordering groceries online for the first time. Though significant improvements have been made along the way, there are still some lingering pain points. Food Institute Focus

Health and wellness are gaining prominence in the convenience store cold vault, as beverages providing energy, calm, nutrients, vitamins, probiotics and more play an increasing role in Americans’ everyday lives, reported Convenience Store News. Full Story

As record high prices put a damper on bacon sales, retailers and producers are leveraging innovation to drive consumer engagement. Food Institute Focus

Berries are booming in the fresh produce aisle. Supermarkets have also seen an uptick in fresh fruit salads, pre-cut and mixed fruit, and other value-added items, reported Supermarket News. Full Story

Amid growing concerns about overfishing, pollutants, and climate change, now is the perfect time for companies to invest in alt-seafood technologies, experts told The Food Institute. Food Institute Focus

PepsiCo reported quarterly earnings and revenue that topped analyst expectations, as consumers paid more for their Doritos, Quaker oatmeal and Gatorade. Net sales rose 9.3% to $16.2 billion, beating expectations of $15.56 billion, reported CNBC. Full Story

Supply chain headaches, surging interest rates and the war in Ukraine have combined to stifle IPOs and deal-making in the consumer and retail sectors so far this year. The total number of consumer and retail deals in the first quarter tumbled 31.9% from the prior period, KPMG said in a report, reported CNBC. Full Story

Heinz Dip & Crunch

Heinz is introducing Dip & Crunch, a two-in-one package based on the trend of dipping burgers into various sauce-and-chip combinations popularized among TikTok users, reported Fast Company. Full Story

Marcum LLP

Marcum LLP's Food & Beverage Services group has the perfect recipe of knowledge and service capabilities to help you stay flexible. Our professionals provide the accounting, tax, and consulting services so that you can concentrate on the growth of your business. Just as our service capabilities are diverse, so, too, are the types of food and beverage clients we serve, including distributors and manufacturers, importers, restaurant chains, processors and packaging, agribusinesses, and retailers. Marcum is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.

To learn more about this Food Institute Member, please visit: www.marcumllp.com.