Are meals in the metaverse a new frontier for restaurants?

Crossover between the real food world and a virtual metaverse offers companies a new look at markets

Are meals in the metaverse a new frontier for restaurants?Some restaurants are looking for new ways to re-engage with a market heavily affected by a two-year-old COVID-19 pandemic. Restaurants have done a lot of juggling over the last two years: redefining menus, thinking of new ways of connecting with customers, pivoting to a positive future. It’s been nothing short of impressive. One approach gaining…

Saving the planet from climate disaster, one bite at a time

UN estimates that half of 2050 emissions related to food could be cut by things like eating less meat

Saving the planet from climate disaster, one bite at a timeThe United Nations’ Intergovernmental Panel on Climate Change (IPCC) has provided a roadmap to saving the planet. For global food security, we must become better environmental stewards. To reduce gas emissions, we need to adhere to sustainable agricultural practices if we are to meet our 2030 targets, according to the report. And, yes, changes in…

Is greed driving the beef industry to a legal showdown?

When it comes to price-fixing, the U.S. acts. Canada, not so much

Is greed driving the beef industry to a legal showdown?A Quebec-based group is leading a class-action lawsuit aimed at major federally-licensed beef packers. Cargill, JBS Foods, Tyson Foods and National Beef Packing are all accused of colluding and inflating beef prices since 2015. So if you’re a consumer in Quebec who’s been buying beef since 2015, you can be part of the claim. The…

Putin’s War puts global food security in jeopardy

The pandemic was just a dress rehearsal for what’s about to happen

Putin’s War puts global food security in jeopardyUnited States President Joe Biden was the first G7 leader to admit publicly that many parts of the world will soon experience food shortages and even famine. The world will be short of many commodities. Regions like the Middle East and northeastern Africa already have dangerously low food inventories. The world will soon discover that…

Why is StatsCan deleting its food inflation database?

Move raises questions about motive and why the announcement was so quiet

Why is StatsCan deleting its food inflation database?All eyes are on inflation these days, especially at the grocery store. Food is the one thing we need every day and the food choices we make matter a great deal to our budget. To know what's going on with food prices, we turn to Statistics Canada for details. But without fanfare, we just learned…

Canada’s food industry needs to up its couponing game

Compared to Americans, Canadians have far fewer options to save on groceries

Canada’s food industry needs to up its couponing gameThe food inflation rate in Canada in February was 7.4 per cent, the largest yearly increase since May 2009. With much higher food inflation, consumers are desperate to find new ways to save at the grocery store. In the United States and Canada, consumers are increasingly using food rescuing apps, going for the “enjoy tonight” deals, trading…

Playing Russian roulette with food security

Government shouldn't compensate Canadian companies hurt by sanctions, including agri-food

Playing Russian roulette with food securityWith war comes economic sanctions. Instead of sending troops to fight the old-fashioned way, wars are fought with money, and the invasion of Ukraine by Russia is no exception. The United States, the United Kingdom, Australia, Japan, the European Union, Turkey and a few more have sanctioned Russia in one way or another. Canada has…

Putin’s invasion threatens to upend global agri-food industries

Could be another challenging year for our farmers, and consumers

Putin’s invasion threatens to upend global agri-food industriesHumanity just got dealt another blow with Russia’s invasion of Ukraine. Just thinking of the human cost is unbearable. And the agri-food sector has already been impacted by the conflict in more ways than one. Ukraine is Europe’s breadbasket, so this conflict will affect global commodity markets in a meaningful way. Wheat and corn futures…

The potato chips war is just the tip of the iceberg

PepsiCo’s move signals that the sector is tired of - and desperate to stop - supply-chain bullying

The potato chips war is just the tip of the icebergWe recently learned that Frito-Lay, a brand owned by giant PepsiCo Canada, stopped selling to Loblaws after the retailer refused requests by Frito-Lay to increase their prices. Food manufacturers, when selling products to grocers, suggest retail prices. With low profit margins, labour shortages, packaging issues and supply-chain woes, inflation has been violently disruptive to manufacturers.…

Invoking the Emergencies Act will help Canada’s reputation abroad

If supply chains are the backbone of our economy, the border is its spinal cord

Invoking the Emergencies Act will help Canada’s reputation abroadIn recent days, many Canadians have watched in disbelief as protesters easily blocked many access points between the United States and Canada. For six painful days, the blockades included the Ambassador Bridge in Windsor, Ont., a key trade conduit between the two countries, forcing trucks to be rerouted towards Sarnia. Other border crossings were disrupted…