Industry Insights A roundup of noteworthy foodservice findings for the week of Feb. 15, 2021 - Winsight
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I G N I TE C O M PAN Y Sysco’s Case Volume SYSCO LOCAL CASE VOLUME YEAR-OVER-YEAR CHANGE % Steadily Improves 3.7% 1.5% Local case volume continues to recover Total quarterly sales for Sysco’s U.S. for Sysco, improving for the second foodservice operations fell by 23.9% -4.1% consecutive quarter. The broadline compared to the same period of the distributor’s local case volume prior year, while sales from international decreased 19.7% during the period operations declined by 31.9%. ended Dec. 26, an improvement from the 21.6% decline registered during the -19.7% prior quarter. -21.6% Local case volume is representative of Sysco’s sales to independent and locally managed foodservice operators. -38.7% Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Sources: Technomic Ignite company data and Sysco Corp. Investor Relations © 2021 Technomic, Inc. 2
I G N I TE M E N U Mexican and Asian Dishes Gain Momentum TOP 10 FASTEST-GROWING DISHES YEAR OVER YEAR 1 6 Asian Salad Entree Burrito/Chimichanga +1,266.7% +240.0% Technomic’s recently launched Q4 entrees and taco/taquito entrees, were 2 7 2020 Ignite menu data shows an the five fastest-growing dishes on Other Mexican App/Starter Asian Salad Appetizer interesting shift in the types of dishes menus in the fourth quarter. +900.0% +165.2% with the greatest growth momentum 3 8 As we predicted at the end of 2020, year over year. Asian Noodles Side Other Mexican Dish travel restrictions from the pandemic While the second and third quarter are sparking a renewed interest in the +750.0% +150.0% unsurprisingly saw the most growth top three perennial global favorites— 4 9 from grocery items, meal kits and other Italian, Mexican and Chinese. These Quesadilla Entree Twisted Doughnut/Twist off-premise-friendly fare, the most cuisines are more likely than other +590.0% +128.6% recent quarter’s fastest-growing dishes international fare to survive the veto 5 10 were predominantly international in vote among families ordering food and Taco/Taquito Entree Old-Fashioned Doughnut origin. Asian dishes, including Asian drink for home consumption. +456.5% +116.7% salad entrees and Asian noodles sides, as well as Mexican dishes, including other Mexican app/starter, quesadilla Source: Technomic Ignite menu data © 2021 Technomic, Inc. 3
I G N I TE C O N S U M E R Traditional Barbecue PREFERRED BARBECUE FLAVORS: PORK 47% Sweet/honey 46% Flavors Still Popular 47% 45% Hickory 35% 50% for Pork 45% Smoky 43% 46% 35% Teriyaki 36% While barbecue styles can vary by Younger consumers are more likely 34% region, many consumers likely view than older consumers to order unique barbecue as a comfort food and barbecue flavors like Buffalo, chipotle 34% Spicy 36% Overall therefore stick with what they know and and garlic. 34% love already. 18-34 31% Sweet barbecue flavors lead overall, Garlic 35% 35+ which often highlights honey accents. 29% These flavors also align with the 28% introduction of various fruit flavors Barbecue ranch 26% within the pork entree lifecycle. 29% 26% Buffalo 33% 23% 25% Tangy 24% 26% 23% Chipotle 26% Base: 1,034 consumers who eat pork once every two to three weeks 22% Q: Which barbecue flavors would you consider ordering at a restaurant for pork dishes? Select all that apply. Source: Technomic Ignite consumer data featuring the Technomic 2021 Center of the Plate: Beef & Pork Consumer Trend Report © 2021 Technomic, Inc. 4
G L O B AL F O O D S E RV I C E N AV I G ATO R Food Trucks Roll Back Into Spotlight The pandemic brought new relevance Sausalitos (Germany): This CDR to past trends such as meal kits and rolled out a mobile bar and grill to stay retail. Among the faded trends that re- open amid the country’s second emerged, food trucks may be best lockdown and sees it as a viable growth positioned for a prolonged resurgence. platform when restrictions are lifted. They’re mobile, encourage social Pizza Hut Indonesia: The chain distancing, specialize in takeaway- debuted its first truck amid tightening friendly foods and can serve as delivery restrictions in late 2020 and expects to kitchens as needed. Top operators are keep the model when restrictions ease. now investing food trucks for growth. Juan Valdez (Colombia): The market’s Doggis (Chile): A new truck from No. 2 coffee chain plans to expand its Chile’s top restaurant chain offers a two new mobile trucks in Bogota into a pared-down menu of core offerings fleet that cover several metro areas. from a fixed location. It’s the first of several planned. Technomic covers all aspects of the global restaurant industry, offering the KFC Thailand: The chain is testing a most comprehensive and up-to-date food truck format to be more nimble in coverage on news and trends. Learn locating its venues as consumer habits more here. shift amid the pandemic. Source: Technomic Global Foodservice Navigator Program Image Source: Shutterstock © 2021 Technomic, Inc. 5
COVID-19 DISRUPTION INDEX COVID-19 Disruption Index is Change Versus Previous Week and powered by Shortest Track, utilizing AI, Month machine learning and disparate sets of Change versus previous week/month data resources to quantify the potential allows users to see if the market is risks that U.S. businesses face from the becoming more or less disrupted over COVID-19 PERCENT PERCENT spread of the COVID-19 virus at the time. Changes that are positive (+) TOP 5 MOST DISRUPTED MARKETS DISRUPTION CHANGE CHANGE market level. show a move toward becoming BY INDEX POINT CHANGE INDEX VERSUS VERSUS (VERSUS PREVIOUS WEEK) (MAX: 1.00, HIGH increasingly more impacted by COVID- LAST WEEK LAST MONTH DISRUPTION) The highest index possible is 1.00, 19 (not good). Changes that are which is not good and reflects markets negative (-) show a trend toward being that are extremely disrupted. The index less impacted by COVID-19 (good). College Station-Bryan, 1 0.448 11.74% 14.71% is updated on a weekly basis. Texas Ignite Subscribers: Download full The COVID-19 Disruption Risk Index market report 2 Waco, Texas 0.425 9.26% 13.25% shares weekly updates through a business lens, rather than a health lens, 3 Killeen-Temple, Texas 0.544 5.61% 8.25% and incorporates more than 20 different data signals to measure disruption and predict future impact. These signals 4 Austin-Round Rock, Texas 0.552 3.96% 6.32% include infection rates, deaths, state- level restrictions and social distancing 5 Casper, Wy. 0.082 14.16% 92.22% requirements, population densities and mobility, group size limitations and lifestyle risk factors contributing to spread. More information is available HERE. Notes: Data updated Feb. 8, 2021 Source: Shortest Track © 2021 Technomic, Inc. 6
WAN T M O R E I N S I G H T S ? Since 1966, we have You can get this Ignite Company Ignite Menu produced in-depth See where restaurant chains Pinpoint the latest menu trends report delivered to are, how many units they have and see what’s on the horizon. research focused on the you every week! and how well they’re doing. Explore>> Explore>> foodservice industry. Sign up here>> We provide insights into consumer, industry and menu trends in the U.S., Canada and 23 countries around the world. Our team of experts helps leaders Ignite Consumer Global Foodservice in the industry make complex Get to know your customers’ Navigator business decisions, set strategy customers through 60+ attributes Understand the global industry, and stay ahead of the curve. and visit occasion metrics. from menu trends to consumers, Explore>> in 25 countries. Explore>> Have questions about this report? Reach out to us today. 312-876-0004 info@technomic.com technomic.com © 2021 Technomic, Inc.
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