Welcome to Food Week October 17 -23, 2022. This week, we learned that Illinois is not in Italy, no matter what the Barilla Pasta company insists, pop Tarts is adding tajin, Circle K is adding marijuana, McDonald’s is adding Krispy Kreme and alt-proteins may start adding animal fats. And the reappearance of the spudnut. Enjoy.
MACRO
Stock market goes crazy, in good way for a change. And strong labor market means the FED will continue tor raise rates.
McDonald’s partnering with Krispy Kreme. While not unprecedented, big clown has rarely allowed another branded product to be served in their restaurants.
Door Dash is trying its hand at stadium foodservice. It remains a solution in search of a profitable problem.
Company is going to add cultivated animal fats to plant based proteins. Flavor is one thing but mouth feel is another and many animal proteins aren’t that close to the animal eating experience. This may solve that.
Japan imports lots of food. A weaker yen helps sell exports but make imports more expensive