Category: Intelligence Briefings
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“But the really important story is not about 51% acquisition. It’s more about we are acquiring their robotics business,” said Ha. “Among LG conglomerates, we’re the ones who’re going to carry on with the robotics business globally. And that’s, I think, the really major news item.” That Bear was inheriting LG’s robotics business was hinted…
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This shift towards delivery and other off-premises formats was already underway. Back in 2019, the National Restaurant Association predicted that by 2030 off-premises would drive most of the growth for restaurant sales. Suffice to say, the pandemic sped that timeline up. In the words of Ordermark’s cofounder and CEO Alex Canter (whose family also owns…
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This market power is derived from the strength of the iPhone. The device’s widespread adoption makes Apple and its associated app ecosystem a necessary consideration for any new consumer-facing technology (or technology adjacent) product launch. But as Techcrunch wrote last week, the world of apps that Apple ushered in a dozen or so years ago…
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And now, with most countries trying to reboot their economies, food-related companies have the challenge of determining which behavioral changes were temporary and permanent. Many of the temporary surge behaviors were related to the worries among the population around shortages, causing many people to go out and buy things. A good example is rice. Rice…
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Last week, an email went out to Picobrew customers informing them that PicoBrew had been sold through the bankruptcy process and had new owners (that won with a $7.5 million bid). The email also made clear the new owners weren’t all that interested in running the business. And so as they sell off the pieces,…
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Welcome to the Spoon Plus Weekly Intelligence Brief. Each week I’ll dissect trends that are unfolding in the world of food tech. We’ve read a lot over the past two months about the loss of restaurants. Some prognosticators suggest that up to 75% of independent restaurants could permanently disappear. While the pandemic’s impact on restaurants…
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