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SHFM Announces Directors’ Award Winners
The Society for Hospitality and Foodservice Management has announced the six winners of its Directors Awards, which recognize those individuals who go above and beyond in serving the association and the industry. Marcia Austero, senior v.p./senior supplier manager with Bank of America, receives SHFM’s Community Service Award, recognizing an individual who supports the corporate foodservice…
Most Blue Chip General Economic Forecasts Rise
Much stronger than expected third-quarter growth in U.S. gross domestic product and better than expected consumer spending helped lift most 2014 forecasts of the macroeconomic indicators that drive foodservice, according to the latest survey from Blue Chip Economic Indicators. The Blue Chip consensus forecast for 2014 real GDP jumped to 2.8% in the survey conducted…
Wholesale Food Prices Rise Again In February
Wholesale food prices rose again in February at both the final and intermediate demand stages, according to Producer Price Index data from the Bureau of Labor Statistics released March 14. Wholesale food prices at the final demand level rose 0.6%, following a 1% jump in January. Food prices at the final demand stage fell four…
Macroeconomic Forecasts Remain Positive
The 50 economic forecasting groups polled monthly by Blue Chip Economic Indicators cut their forecast for real growth of 2014 gross domestic product in the U.S. to 2.4% in the May survey, but remain upbeat about the rest of this year and next. The cut comes as the paltry 0.1% GDP growth of the first…
Prepare for the Future: Don’t Miss FER’s E&S Forecast Meeting
Do you know everything you need to know to prepare next year’s budget? Foodservice Equipment Reports’ annual E&S Market Forecast President’s Preview offers you the insight you need to plan for 2015 and beyond. It is set this year for July 29 at the Westin O’Hare Hotel in Rosemont, Ill. This annual one-day event for…
State Tax Revenues Declined In First Quarter; Local Tax Receipts Were Higher
As the Nelson A. Rockefeller Institute of Government has predicted for almost two years, the front-loading impact of taxpayers moving capital gains and dividends into 2012 in anticipation of the so-called fiscal cliff tax hikes has created a tax collection trough for state governments. Overall state tax collections fell 0.3% in the first quarter, compared…
NPD Says U.S. Traffic Was Flat In Third Quarter
Customer visits to U.S. restaurants was flat again in the third quarter 2014, compared with the same quarter last year, according to The NPD Group. Traffic now has been flat or negative every quarter for the past five quarters, according to the firm’s CREST data. But thanks in part to menu price increases, consumer restaurant…
NRA Seeks Help On Food Donation & Food Waste Survey
Where does the U.S.’ uneaten food go? Every year the country’s 312.7 million people are disposing of approximately 80 billion lb. of food waste—that’s more than 250 lb. of food per person being thrown out and buried in landfills annually. The National Restaurant Association has partnered with the Grocery Manufacturers Association and the Food Marketing…
California Food Handler Card Deadline Nears
It’s the three-year mark for the compliance deadline for the California Food Handler Card law, and thousands of the state’s foodservice workers are due to have their cards renewed. The new law requires food handlers to undergo food-safety training and pass a test to earn a card. It also mandates that employers maintain records and…
South Carolina Updates 20-Year-Old Food-Safety Regulations
California might have quickly changed its mind on requiring gloves for all food handlers, but there is unlikely to be a quick turnaround on any of South Carolina’s new but long-considered food-safety regulations. The state just updated its rules for the first time in nearly 20 years. In addition to a new requirement that all…
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