Food Industry Flashcards
0
Q
Describe farm-to-table and direct-to-consumer businesses.
A
- 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.
1
Q
Describe Dunkin Donuts expansion in Europe
A
- 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.