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Tag Archives: Economy

Food & Drink Looking Good for 2023

A recent study by Marcum LLP indicates that over two-thirds of executives in the food and beverage industry maintain a positive outlook for 2023.

Executives in food manufacturers, eateries, distributors, retailers, and agriculturists were asked about the various issues facing their work and businesses. With close to 70% of respondents pointing to an increase in revenue (when compared to 2021), there were additional factors explaining the positivity.

Forty-five percent of food and beverage executives reported having expanded their employee pool by 5% or more during 2022; 20% said they hired more than 10%. This kind of enhancement points directly to the intentional growth of the businesses and plans for continued and/or expanded operations.

While most executives stated that inflation, up-trending commodities, and additional operational costs as their primary challenges for the past and the coming year, there is still optimism about the industry’s potential given changing consumer habits in the post-pandemic economy. More people are eating out. The restaurants they eat in will need to hire staff, buy ingredients and dining supplies, and develop recipes. Innovation and product development in the food and beverage space is also giving executives hope for 2023. As clients and consumers are savvier, relying on a multitude of information before making any decisions– including those involving food– the industry recognizes the investment needed in the field of public opinion, social networks, and online marketing.

Moxion Power Batteries are on Set

Close to half of the carbon emissions of any movie are produced by the fuel used to power generators and transportation needs, according to the Sustainable Production Alliance. That is why movie sets are going green with cleaner energy batteries. Moxion Power technologies are replacing diesel generators on sets film and TV sets for creators… Continue Reading

U.S. Museum Workers Unionizing Despite Labor Movement Slump

National union membership has reached historic lows; according to the Bureau of Labor Statistics, 10.3% of employed Americans are members of a union. And yet, over the past few years, workers at more than ten American art museums have formed unions to improve their wages and conditions of employment. In 2020, some 250 curators, stewards, conservators, guides,… Continue Reading

Pandemic Brings New Opportunities for Entrepreneurs

Pandemic Brings New Opportunities for Entrepreneurs

A growing number of Americans are starting their own business. The reasons behind this pandemic-driven entrepreneurial surge vary: some were laid off because of COVID and transitioned their “side hustle” to be their primary form of income; others took the time to reconsider their priorities and gave up on their grueling corporate jobs; for some,… Continue Reading

Trading Card Business Goes to Fanatics

Topps, the trading card business that paired Bazooka bubble gum and baseball cards over fifty years ago, has been bought by Fanatics, the sports memorabilia company. The sale valued Topps’s sports and entertainment sectors at just over $500 million. Topps lost its 70-year-old licensing agreement with Major League Baseball and the Major League Baseball Players Association… Continue Reading

BI Trends for 2022

It seems that automation is permeating practically every aspect of our lives. From grocery shopping to banking, communicating to cooking—automation functions and platforms are making every task easier and accessible. And business intelligence (BI) is no exception. Automation is set to be one of the biggest trends in that industry in 2022. Alongside process automation,… Continue Reading