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FoodBevBiz.comSun, 19 May 2013 22:25:01 +0000en-UShourly1http://wordpress.org/?v=3.5.1Korea Food Industry Innovation Show & Asian Food Forum
http://www.foodbevbiz.com/2013/05/korea-food-industry-innovation-show-asian-food-forum/
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INNOVATION AT KOREA FOOD INDUSTRY SHOW & ASIA FOOD FORUM
Food innovation was the focus of the 3rd Annual Asia Food Forum and the Korea Food Industry Association this past week in Seoul, Korea. International speakers spoke on such diverse innovation topics as:
· Trends in Food Industry
· Key Drivers for consumers in the Food and Beverage Industry
· Innovation in Food Traceability Systems
· Emerging Food Processing Technology in Developing Functional Foods
· Food Marketing Innovation http://www.foodbevbiz.com/2013/05/korea-food-industry-innovation-show-asian-food-forum/feed/0Innovation: The Next CEO Performance Metric
http://www.foodbevbiz.com/2013/05/innovation-the-next-ceo-performance-metric/
http://www.foodbevbiz.com/2013/05/innovation-the-next-ceo-performance-metric/#commentsThu, 16 May 2013 22:21:41 +0000adminhttp://www.foodbevbiz.com/?p=561
INNOVATION: THE NEXT CEO PERFORMANCE METRIC
Food innovation has become cheap talk within many food manufacturing companies and restaurant chains. The term is slapped on building entrances, R&D Kitchens, and employee business cards; but rarely do we see the results of true innovation like we do in the high tech industries. Building a new “Innovation Center” makes employees and CEOs burst with pride, but communicates very little about their ability to deliver true innovative products.
I have one ...]]>http://www.foodbevbiz.com/2013/05/innovation-the-next-ceo-performance-metric/feed/0The Downside of Innovation
http://www.foodbevbiz.com/2013/04/the-downside-of-innovation/
http://www.foodbevbiz.com/2013/04/the-downside-of-innovation/#commentsFri, 05 Apr 2013 22:20:14 +0000adminhttp://www.foodbevbiz.com/?p=559
Can Innovation Ever Hurt Your Business?
Yes, there is a possibility that innovation can hurt your business, so you need to develop an innovation strategy to protect your business. I have blogged on food innovation for the past 3 years, but never under a negative light. Today is different because I have an obligation to point out a potential downside. The following blog is based on an April 4, 2013; Wall Street Journal article by Paul Ziobro and ...]]>http://www.foodbevbiz.com/2013/04/the-downside-of-innovation/feed/0Overcoming QSR vs. Retail Food Cost Inequity
http://www.foodbevbiz.com/2013/03/overcoming-qsr-vs-retail-food-cost-inequity/
http://www.foodbevbiz.com/2013/03/overcoming-qsr-vs-retail-food-cost-inequity/#commentsWed, 20 Mar 2013 22:18:37 +0000adminhttp://www.foodbevbiz.com/?p=557
Retail’s Perpetual Food Cost Advantage over QSR
It’s not talked about much, but retail grocery has a perpetual food cost advantage over the QSR restaurant industry.
Food Cost Inequity
The disparity is called “Buy-by-the-Pound and Sell-by-the-Pound” (Retail) vs. “Buy-by-the-Pound and Sell-by-the-Piece (QSR)”. Since I have worked mainly for chicken QSR chains, we dealt with this inequity continually with bone-in chicken parts, boneless wings, regular wings, Popcorn Chicken etc. And since pork, seafood, and beef products can be ...]]>http://www.foodbevbiz.com/2013/03/overcoming-qsr-vs-retail-food-cost-inequity/feed/0Start 2013 with Food Innovation Mindset!
http://www.foodbevbiz.com/2013/02/start-2013-with-food-innovation-mindset/
http://www.foodbevbiz.com/2013/02/start-2013-with-food-innovation-mindset/#commentsFri, 15 Feb 2013 23:12:52 +0000adminhttp://www.foodbevbiz.com/?p=554
Take a Bold Step Forward in 2013 by Kick Starting New Product Innovation
FINALLY, food innovation seems to be gaining some traction among leading suppliers to the QSR and Fast Casual Dining restaurant segments – and 2013 is the year that two multi-billion dollar manufacturers plan to start their food innovation process.
Visionary Company A: Ground Level Up
One company is a commodity-focused company that sees the need to expand their new product innovation product offering to ...]]>http://www.foodbevbiz.com/2013/02/start-2013-with-food-innovation-mindset/feed/0Food Innovation can be a Messy Plate
http://www.foodbevbiz.com/2013/01/food-innovation-can-be-a-messy-plate/
http://www.foodbevbiz.com/2013/01/food-innovation-can-be-a-messy-plate/#commentsWed, 30 Jan 2013 23:24:40 +0000adminhttp://www.foodbevbiz.com/?p=505
“Food Innovation” is a hot and sexy term in marketing circles, print media, social media, etc. Food companies and restaurant chains like to stick this term on R&D departments, corporate headquarters, and business cards. Food innovation connotations almost always represent a positive business process or profitable business outcome. But truth be told, food innovation can have a messy, ugly side to it, that many food executives don’t ...]]>http://www.foodbevbiz.com/2013/01/food-innovation-can-be-a-messy-plate/feed/0No. 1 Reason for Food Truck Failures
http://www.foodbevbiz.com/2013/01/no-1-reason-for-food-truck-failures/
http://www.foodbevbiz.com/2013/01/no-1-reason-for-food-truck-failures/#commentsWed, 30 Jan 2013 23:13:01 +0000adminhttp://www.foodbevbiz.com/?p=499
Is the No. 1 food truck failure cause menu, location, marketing, branding, employees, team enthusiasm, or undercapitalization? No, many small business experts believe that it is the failure to write an appropriate business plan – or failure to even write a business plan!
Food Truck Business Failure Reason #1
Richard Myrick, Editor-in-Chief and Founder of Mobile Cuisine Magazine, recently wrote that “although the mobile food industry has been growing exponentially over ...]]>http://www.foodbevbiz.com/2013/01/no-1-reason-for-food-truck-failures/feed/0PRODUCT LIFECYCLE MANAGEMENT ROLE WITH FOOD SAFETY MODERNIZATION ACT
http://www.foodbevbiz.com/2012/12/product-lifecycle-management-role-with-food-safety-modernization-act/
http://www.foodbevbiz.com/2012/12/product-lifecycle-management-role-with-food-safety-modernization-act/#commentsFri, 28 Dec 2012 00:29:31 +0000adminhttp://www.foodbevbiz.com/?p=487
The Food Safety Modernization Act (FSMA) has finally landed on food and beverage processing plants, it’s time to begin implementing its requirements – but where should you begin?
My recommendation is based on 15 years experience in research and development/quality assurance, 10 years IT consulting in manufacturing and ...]]>http://www.foodbevbiz.com/2012/12/product-lifecycle-management-role-with-food-safety-modernization-act/feed/0What Is The Role of “Thought Leadership” In New Product Development?
http://www.foodbevbiz.com/2012/12/what-is-the-role-of-thought-leadership-in-new-product-development/
http://www.foodbevbiz.com/2012/12/what-is-the-role-of-thought-leadership-in-new-product-development/#commentsWed, 26 Dec 2012 20:15:14 +0000adminhttp://www.foodbevbiz.com/?p=459
Old School Model
Early in my career, Management by Objectives (MBO) was the trendy business management model. For a food technologist, meeting MBOs meant everything. If you met the MBOs that were meticulously written out either 6 or 12 months prior, then you received a pay increase and eventual promotions. But in many cases, the performance metrics were laced with “generalizations” ...]]>http://www.foodbevbiz.com/2012/12/what-is-the-role-of-thought-leadership-in-new-product-development/feed/0Role of Fanatical Cult-like Food Products
http://www.foodbevbiz.com/2012/12/role-of-fanatical-cult-like-food-products/
http://www.foodbevbiz.com/2012/12/role-of-fanatical-cult-like-food-products/#commentsFri, 21 Dec 2012 23:13:26 +0000adminhttp://www.foodbevbiz.com/?p=501
I have never heard of a QSR chain that set out to create a food product that garnered a cult-like following – and I have worked for eight of the leading chains. These one-of-a-kind products just seem to happen to the surprise of everyone!
A recent article that ran on Foxnews.com authored by Shannon Witte listed a few of these products. It was entitled ‘Food items that create ...]]>http://www.foodbevbiz.com/2012/12/role-of-fanatical-cult-like-food-products/feed/0