There is so much innovation happening in the food and beverage world today that it’s often hard to keep up. That’s why each week we’ll be bringing you highlights of the latest research and developments in food technology, new products, and food and beverage trends affecting the industry in Canada.
Here’s a few stories you should know about:
How one Norwegian Discount Grocer Remains Competitive on Price - Canadian Grocer
Norwegian discount grocery retailer REMA 1000 is using technology from Revionics to display and adjust its prices daily based on competitor prices.
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The grocer uses price hunters to collect info from competitors around the country, up to 150,000 observations each day, and uploads the data to a dashboard.
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The company uses electronic shelf labels and POS systems to adjust its prices in under 15 minutes.
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REMA 1000 makes approximately 100 price changes each day.
The Canadian Impact: Canadian grocers are using electronic shelf labels to ensure pricing accuracy, save on labour, run promotions, boost consumer engagement, monitor stock, and become more sustainable through less printing.
For more on this topic on YODL: Shop to the future! (cfin-rcia.ca)
The Consumer Electronics Show (CES), which recently took place in Las Vegas, NV, is the world’s largest consumer tech trade show. This year’s event highlighted numerous food tech innovations.
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Bosch unveiled a fully automatic espresso machine that grinds beans, brews coffee and froths milk at a touch of a button, and can even produce two customized beverages simultaneously.
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Seergrills showcased an energy efficient indoor grill that uses AI-enhanced technology and infrared burners to produce barbecue-style results, and which learns to adjust to user preferences based on feedback.
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Korea’s TissenBioFarm revealed its prototype cultivated meat grown from beef cells that features marbling and texture similar to real beef.
The Canadian Impact: Advanced food technology is hitting the residential market, and consumers who can afford it are willing to pay for convenience and quality. Will they want to see the same in foodservice and grocery settings?
For more on the topic on YODL: In 30 – Robotics in the Food and Beverage Industry (cfin-rcia.ca)
January AI’s New App Uses Generative AI to Predict How Food Will Impact Your Blood Sugar – The Spoon
January AI offers a free app that displays the impact of various foods on blood sugar for metabolic health management.
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Powered by generative AI, the app analyzes meal photos and offers feedback on glucose impacts, macros and healthier options.
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The company says the apps’ feedback is based on data points such as wearable data from a smart watch, demographic info and user reports.
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Users are also able to scan barcodes and search foods, and receive highly customized predictions based on biomarkers and dietary preferences.
The Canadian Impact: Canadians are looking for more personalized ways to help manage their health, and smart apps that offer customized answers in real time are highly popular. According to a November 2023 Statista report, approximately 27% of Canadians currently use health apps.
For more on the topic on YODL: Explained: Personalized Nutrition (cfin-rcia.ca)