A Blog by Jonathan Low

 

Oct 10, 2020

Why Boosts In Home Improvement Will Benefit Packaged Food Companies

Now that they have invested in new kitchens and appliances, people want to use them. 

And cooking at home is less expensive than eating out, a significant factor in what promises to be a lingering economic downturn. JL

Paul Hiebert reports in Ad Week:

Even when a vaccine arrives and restaurants begin running at full capacity again, people will feel pulled toward spending more time around the house because of all the upgrades they’ve made to their kitchens, furniture and entertainment systems. “That foreshadows a continued elevated level of in-home eating for the foreseeable future.” Remote work has also contributed to the spike in demand for packaged food products. Packaged food costs less than eating and new products include snacks, plant-based options and meals designed for specific diets, such as vegan and gluten-free.

While stuck inside during the pandemic, plenty of people have decided to spruce up their surroundings.

The result has been great for home improvement retailers such as Home Depot, Lowe’s and Ace Hardware, which have seen sales spike as the nation shelters in place. But the time and money people are putting into their homes now could have long-term benefits for a completely different industry—packaged-food manufacturers.

Sean Connolly, CEO of Conagra Brands, maker of Duncan Hines cakes, Orville Redenbacher’s popcorn and Slim Jim meat snacks, believes that even when a vaccine arrives and restaurants begin running at full capacity again, people will feel pulled toward spending more time around the house because of all the upgrades they’ve made to their kitchens, furniture and entertainment systems.

“Now that they’ve made these investments into nesting or cocooning—whatever you want to call it—we expect they’re going to want to get a return on that investment,” said Connolly during a virtual event on Wednesday hosted by the Consumer Brands Association. “That foreshadows a continued elevated level of in-home eating occasions for the foreseeable future.”

While Connolly expects this shift in people’s behavior to give the packaged-food industry a continued lift, he doesn’t think every player will share the same level of success. Companies that fail to innovate and keep up with changes in consumer trends will fall behind.

“Big iconic brands can be evergreen, but only if you are perpetually modernizing them,” said Connolly. “I always say to my team, there’s a fine line between an icon and an antique, and in order for an iconic brand not to become an antique you have to be a student of what’s going on out there.”

In July, Conagra announced plans to roll out more than two dozen new products that fall under three distinct themes: snacks, plant-based options and meals designed for specific diets, such as vegan and gluten-free.

Remote work has also contributed to the spike in demand for products from the likes of Campbell’s, General Mills and The J.M. Smucker Company. Evidence suggests workers might push to keep this arrangement in place. A recent survey from the Harris Poll found that, if given the option, 85% of U.S. adults would prefer to work from home either permanently or with an option to still visit the office on occasion. Only 15% said they wanted to return to the office once it was safe to do so.

Packaged food also tends to cost less than eating out, which matters more during an economic recession. Another growth factor is people have come to find joy and satisfaction from cooking their own meals.

Earlier this month, Conagra reported that net sales increased 12% to $2.7 billion for the three-month period ending Aug. 30. The company expects demand to remain strong throughout the present quarter.

1 comments:

Clarkson Coleman said...

HAVE YOU LOST YOUR HARD EARNED FUNDS TO THE WRONG HANDS?
MEET THE PROFESSIONAL HACKERS FOR HIRE TODAY.
⏱️ 3min Read
📁 Hiring a professional hacker has been one of the world's most technical valued navigating information.
Regarding:
•Recovery Of Lost Funds,
•Mobile Phone Hack.(Catching A Cheating Spouse).
•Credit Score Upgrade,
VARIOUS HACKTIVITIES via
leroysteckler@gmail.com
High prolific information and Priviledges comes rare as it has been understood that what people do not see, they will never know. The affirmative ability to convey a profitable information Systematically is the majoy factor to success.
Welcome to the Global KOS hacking agency where every request on hacking related issues are fixed within a short period of time.
When you wonder “which hacking company should I hire, the first aspect that should concern you is Sincerity. Secondly, Rapid response. Clearly, you want to embark for services that povides swift response, With our astonishing Hackers, you will be glad to find out that our services Implies precision and action.
This post is definitely for those who are willing to turn their lives around for the better, either financial-wise, relationship-wise or businesses.
The manual Operation of this hackers is to potentially deploy a distinguished hacking techniques to penetrating computers.
If your shoe fits in any of the services below, you will be assigned to a designated professional hacker who is systematically known for operating on a dark web V-link protocol.
Providing value added services to clients as a hacker has been our sustaining goal.
Are you faced with cyber challenges like
💰Recovery of lost funds:✅(BITCOIN INVESTMENTS, BINARY OPTIONS, LOAN AND TRADING FOREX WITH FORGERY BROKERS.) 🖥️I would try my possible best to shortly explain this in particular.
This shocking study points to one harsh reality we all face today. It saddens our mind when client expresses annoyance or dissatisfaction of unethical behaviours of scammers. We have striven to make tenacious efforts to help those who are victims of this flees get off their traumatic feeling of loss. The cyber security technique used to retrieving back the victims stolen funds is the application of a diverse intercall XX breacher software enables you track the data location of a scammer. Extracting every informations on the con database. Every information required by the Global KOS would be used to tracking every transaction, time and location of the scammer. This is acheived using the systematic courier tracking base method•
However, there are secret cyber infiltrators called brokers and doom. The particular system used by this scammers permeates them to manupulate targets digital trading system or monetary fund based accounts. Strictly using a dark web rob to diverting successful trades into a negative outcome. This process bends to thier advantage while investors results to losing massive amount of money. An act of gaining access to an organization or databased system to cause damages. We have worked so hard to ensure our services gives you a 100% trading success to recover all your losses•
📲 HACKING A MOBILE PHONE:.✅ Do you think you are being cheated on? Curious to know what your lover is up to online? This type of hack helps you track every movement of your cheater as we are bent on helping you gain full remote access into the cheater's mobile phone using a Trojan breach cracking system to penetrate their social media platforms like Facebook, whatsapp, snapchat etc.
The company is large enough to provide comprehensive range of services such as•
• Email hacks📲
• Hacking of websites.📲
• Uber free payment hacks.📲
Our strength is based on the ability to help fix cyber problems by bringing together active cyber hacking professionals in the GlobalkOS to work with.
Contact:
✉️Email: theglobalkos@gmail.com
Leroysteckler@gmail.com
®Global KOS™
2020.

Post a Comment