Food Industry

Question 0

Describe farm-to-table and direct-to-consumer businesses.

Answer 0

• Recently, a lot of farmers are trying to cut out middlemen and bring products directly to consumers
• A great example is when a few North Dakota farmers get together to form Farmers Restaurant Group and open restaurants in Washington D.C
• They hired former Cheesecake Restaurant executives and open Founding Farmers restaurants that are extremely successful.
• There are risks to this approach, however. For example, there are recent criticism about some food sources.

Question 1

Describe Dunkin Donuts expansion in Europe

Answer 1

• U.S stores are not growing quickly enough and Europe has few dunkin donut locations.
• They are planning on expanding there by choosing cheaper locations, adapting to local tastes, and having larger areas for lingering.
• Competition against starbucks, krispy kreme, etc.