One of the significant impacts of the COVID pandemic was its effect on the balance of food demand between retail grocery and food service. This was particularly seen in certain categories in 2020, such as dairy, meat and poultry, seafood, and some produce. Some was made up with renewed retail demand (seafood, meat, and cheese), some through carryout (certain types of meat and cheese – think fast food drive through and home delivery pizza), and some remained out of balance. The most recent survey from the Energy Information Administration (EIA) on household energy use, including kitchen appliance ownership and use, shows a baseline benchmark on home cooking. The EIA survey is conducted every four or five years – the recently rel...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.