World Perspectives

U.S. Consumer Food Spending Trends

U.S. consumer spending patterns have undergone several significant shifts since the COVID-19 pandemic, and the food industry was no different. Since the pandemic, consumers have increased spending on food-away-from-home (FAFH) purchases dramatically while simultaneously cutting back on food-at-home (FAH). In this article, WPI attempts to quantify these changes and infer what they will mean for the grocery and restaurant industries – and those that supply them – for the rest of 2025.  For this analysis, WPI used the USDA ERS’s “Monthly sales of food, with taxes and tips, for all purchasers” dataset from the Food Expenditure Series and focused on the 2010-2024 period. To avoid obfuscating the results, data f...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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