Industry Insights A roundup of noteworthy foodservice findings for the week of Feb. 15, 2021 - Winsight

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Industry Insights A roundup of noteworthy foodservice findings for the week of Feb. 15, 2021 - Winsight
Industry
Insights
A roundup of noteworthy foodservice findings
for the week of Feb. 15, 2021
I G N I TE C O M PAN Y

Sysco’s Case Volume
                                                                                                                            SYSCO LOCAL CASE VOLUME
                                                                                                                            YEAR-OVER-YEAR CHANGE %

Steadily Improves                                                                                                    3.7%
                                                                                                           1.5%

Local case volume continues to recover                       Total quarterly sales for Sysco’s U.S.
for Sysco, improving for the second                          foodservice operations fell by 23.9%
                                                                                                                                -4.1%
consecutive quarter. The broadline                           compared to the same period of the
distributor’s local case volume                              prior year, while sales from international
decreased 19.7% during the period                            operations declined by 31.9%.
ended Dec. 26, an improvement from
the 21.6% decline registered during the
                                                                                                                                                             -19.7%
prior quarter.                                                                                                                                     -21.6%
Local case volume is representative of
Sysco’s sales to independent and
locally managed foodservice operators.

                                                                                                                                         -38.7%

                                                                                                          Q3 2019   Q4 2019    Q1 2020   Q2 2020   Q3 2020   Q4 2020

Sources: Technomic Ignite company data and Sysco Corp. Investor Relations

© 2021 Technomic, Inc.                                                                                                                                                 2
I G N I TE M E N U

Mexican and Asian
Dishes Gain Momentum                                                                    TOP 10 FASTEST-GROWING DISHES YEAR OVER YEAR

                                                                                               1                               6
                                                                                       Asian Salad Entree            Burrito/Chimichanga
                                                                                           +1,266.7%                       +240.0%

Technomic’s recently launched Q4           entrees and taco/taquito entrees, were               2                             7
2020 Ignite menu data shows an             the five fastest-growing dishes on       Other Mexican App/Starter       Asian Salad Appetizer
interesting shift in the types of dishes   menus in the fourth quarter.                     +900.0%                       +165.2%
with the greatest growth momentum                                                              3                             8
                                           As we predicted at the end of 2020,
year over year.                                                                        Asian Noodles Side            Other Mexican Dish
                                           travel restrictions from the pandemic
While the second and third quarter         are sparking a renewed interest in the           +750.0%                       +150.0%
unsurprisingly saw the most growth         top three perennial global favorites—               4                             9
from grocery items, meal kits and other    Italian, Mexican and Chinese. These          Quesadilla Entree          Twisted Doughnut/Twist
off-premise-friendly fare, the most        cuisines are more likely than other             +590.0%                        +128.6%
recent quarter’s fastest-growing dishes    international fare to survive the veto
                                                                                              5                              10
were predominantly international in        vote among families ordering food and
                                                                                      Taco/Taquito Entree          Old-Fashioned Doughnut
origin. Asian dishes, including Asian      drink for home consumption.
                                                                                           +456.5%                        +116.7%
salad entrees and Asian noodles sides,
as well as Mexican dishes, including
other Mexican app/starter, quesadilla

Source: Technomic Ignite menu data

© 2021 Technomic, Inc.                                                                                                                      3
I G N I TE C O N S U M E R

Traditional Barbecue
                                                                                                                    PREFERRED BARBECUE FLAVORS: PORK

                                                                                                                                              47%
                                                                                                                  Sweet/honey                 46%

Flavors Still Popular
                                                                                                                                              47%
                                                                                                                                           45%
                                                                                                                      Hickory           35%
                                                                                                                                             50%

for Pork
                                                                                                                                             45%
                                                                                                                      Smoky                 43%
                                                                                                                                             46%
                                                                                                                                        35%
                                                                                                                       Teriyaki          36%
While barbecue styles can vary by                            Younger consumers are more likely                                          34%
region, many consumers likely view                           than older consumers to order unique
barbecue as a comfort food and                               barbecue flavors like Buffalo, chipotle                                    34%
                                                                                                                        Spicy            36%           Overall
therefore stick with what they know and                      and garlic.                                                                34%
love already.                                                                                                                                          18-34
                                                                                                                                       31%
Sweet barbecue flavors lead overall,                                                                                     Garlic         35%            35+
which often highlights honey accents.                                                                                                 29%
These flavors also align with the                                                                                                     28%
introduction of various fruit flavors                                                                           Barbecue ranch       26%
within the pork entree lifecycle.                                                                                                     29%
                                                                                                                                      26%
                                                                                                                       Buffalo          33%
                                                                                                                                     23%
                                                                                                                                     25%
                                                                                                                        Tangy        24%
                                                                                                                                      26%
                                                                                                                                    23%
                                                                                                                      Chipotle       26%
Base: 1,034 consumers who eat pork once every two to three weeks
                                                                                                                                    22%
Q: Which barbecue flavors would you consider ordering at a restaurant for pork dishes? Select all that apply.
Source: Technomic Ignite consumer data featuring the Technomic 2021 Center of the Plate: Beef & Pork Consumer
Trend Report

© 2021 Technomic, Inc.                                                                                                                                           4
G L O B AL F O O D S E RV I C E N AV I G ATO R

Food Trucks Roll
Back Into Spotlight
The pandemic brought new relevance                       Sausalitos (Germany): This CDR
to past trends such as meal kits and                     rolled out a mobile bar and grill to stay
retail. Among the faded trends that re-                  open amid the country’s second
emerged, food trucks may be best                         lockdown and sees it as a viable growth
positioned for a prolonged resurgence.                   platform when restrictions are lifted.
They’re mobile, encourage social
                                                         Pizza Hut Indonesia: The chain
distancing, specialize in takeaway-
                                                         debuted its first truck amid tightening
friendly foods and can serve as delivery
                                                         restrictions in late 2020 and expects to
kitchens as needed. Top operators are
                                                         keep the model when restrictions ease.
now investing food trucks for growth.
                                                         Juan Valdez (Colombia): The market’s
Doggis (Chile): A new truck from
                                                         No. 2 coffee chain plans to expand its
Chile’s top restaurant chain offers a
                                                         two new mobile trucks in Bogota into a
pared-down menu of core offerings
                                                         fleet that cover several metro areas.
from a fixed location. It’s the first of
several planned.                                         Technomic covers all aspects of the
                                                         global restaurant industry, offering the
KFC Thailand: The chain is testing a
                                                         most comprehensive and up-to-date
food truck format to be more nimble in
                                                         coverage on news and trends. Learn
locating its venues as consumer habits
                                                         more here.
shift amid the pandemic.
Source: Technomic Global Foodservice Navigator Program                                               Image Source: Shutterstock

© 2021 Technomic, Inc.                                                                                                       5
COVID-19 DISRUPTION INDEX

COVID-19 Disruption Index is                Change Versus Previous Week and
powered by Shortest Track, utilizing AI,    Month
machine learning and disparate sets of      Change versus previous week/month
data resources to quantify the potential    allows users to see if the market is
risks that U.S. businesses face from the    becoming more or less disrupted over                                              COVID-19
                                                                                                                                            PERCENT      PERCENT
spread of the COVID-19 virus at the         time. Changes that are positive (+)      TOP 5 MOST DISRUPTED MARKETS         DISRUPTION
                                                                                                                                             CHANGE       CHANGE
market level.                               show a move toward becoming              BY INDEX POINT CHANGE                       INDEX
                                                                                                                                             VERSUS       VERSUS
                                                                                     (VERSUS PREVIOUS WEEK)            (MAX: 1.00, HIGH
                                            increasingly more impacted by COVID-                                                          LAST WEEK   LAST MONTH
                                                                                                                          DISRUPTION)
The highest index possible is 1.00,         19 (not good). Changes that are
which is not good and reflects markets      negative (-) show a trend toward being
that are extremely disrupted. The index     less impacted by COVID-19 (good).               College Station-Bryan,
                                                                                      1                                         0.448       11.74%       14.71%
is updated on a weekly basis.                                                               Texas
                                            Ignite Subscribers: Download full
The COVID-19 Disruption Risk Index          market report                             2     Waco, Texas                         0.425        9.26%       13.25%
shares weekly updates through a
business lens, rather than a health lens,                                             3     Killeen-Temple, Texas               0.544        5.61%        8.25%
and incorporates more than 20 different
data signals to measure disruption and
predict future impact. These signals                                                  4     Austin-Round Rock, Texas            0.552        3.96%        6.32%
include infection rates, deaths, state-
level restrictions and social distancing                                              5     Casper, Wy.                         0.082       14.16%       92.22%
requirements, population densities and
mobility, group size limitations and
lifestyle risk factors contributing to
spread. More information is available
HERE.

Notes: Data updated Feb. 8, 2021
Source: Shortest Track

© 2021 Technomic, Inc.                                                                                                                                             6
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