As we digest the recent news that Amazon is buying Whole Foods, there's another important statistic the foodservice industry needs to consider. According to the USDA, for the first time in our nation's history, food spending away from home has surpassed food spending at home.
Not so long ago, there was a huge buzz on how the fast casual restaurant segment was going to completely disrupt the foodservice industry. The idea was that smaller chains focused on higher quality and diverse menu offerings would continue to grab more and more of the market share.
Foodservice. We all love it, and we all hate it.
Here at TMC, we're big fans of Seth Godin's daily insights. If you don't follow him, you should. In today's post, he talks about the downfalls of the "sort by price" mentality, and he argues that buying the cheapest widget almost never winds up being the right choice. Can you think of a time when you bought the cheapest item possible, and it wound up being the best option in the long run?
For the last 10 years, the number one place in the world I've wanted to see was Cuba. The people, the music, the rum, the cars, the cigars – you name it. There's one glaring omission from this list, though.