Romanian winery Cramele Recaș acquires Tenuta Odobești stake


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First Watch launches fall flavors



Fall is coming to First Watch as the breakfast, brunch, and lunch concept rolls out its seasonal menu highlighting flavors of pumpkin, salted caramel, apple butter, and hot honey. The chef-driven menu is available at restaurants nationwide now through October 28, with the exception of the Tampa Bay area.

“This menu delivers on cozy fall flavors, including pumpkin and salted caramel, and seasonal produce, like brussels sprouts,” says Shane Schaibly, senior vice president of culinary strategy at First Watch. “We’re also bringing the heat with the return of the customer-favorite Million Dollar Breakfast Sandwich, which uses Mike’s Hot Honey—a spicy-sweet partnership that dates back to 2019.”

First Watch’s seasonal menu includes the below, plus more:

  • Million Dollar Breakfast Sandwich – Million Dollar Bacon, all-natural pork sausage patty, an over-easy cage-free egg, smoked Wisconsin Gouda, fresh arugula and Mike’s Hot Honey drizzled on a griddled English muffin. Served with lemon-dressed organic mixed greens.
  • Pumpkin Pancake Breakfast – Two cage-free eggs cooked any style plus one of First Watch’s signature spiced Pumpkin Pancakes and a Jones Dairy Farm all-natural chicken sausage patty.
  • Salted Caramel Holey Donuts – Cake doughnut holes tossed with pumpkin pie spice sugar, served over warm apple butter and drizzled with crème anglaise and sea salt caramel. Topped with gingerbread cookie crumbles and powdered cinnamon sugar.

“First Watch has regularly featured Mike’s Hot Honey on their menu over the last five years and we’re grateful for it,” says Mike’s Hot Honey founder, Mike Kurtz. “Each menu item that features Mike’s Hot Honey has been thoughtfully crafted and delicious! We’re excited for the return of the Million Dollar Breakfast Sandwich. It’s one of my personal favorites.”

First Watch’s seasonal menus embody the restaurant’s “Follow the Sun” approach to sourcing fresh ingredients of the season. Its menus change five times a year and have received national awards for its innovative, trend-forward approach.


Related: Dunkin’ debuts s’mores menu, Mike’s Hot Honey items



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Posted on Categories Protein

Consumers aiming to enhance their ‘healthspan’


CHICAGO — “Healthspan” isn’t a new idea, but it’s being approached in new ways as consumers become more engaged in extending their lifespans and being as healthy and active as possible for as long as possible.

“I would define it as the idea that people are trying to live better longer,” said Scott Dicker, senior director of market insights for Chicago-based SPINS, a provider of wellness-focused data and insights for the consumer packaged goods (CPG) industry. “It’s different from longevity. Everyone is trying to die young, just as late as possible.”

This trend impacts the CPG industry through the foods, beverages and supplements consumers purchase, he added.  Examples include more protein-dense foods, products with added functional ingredients such as mushrooms and ashwagandha and beverages advertised for their stress-management attributes.

Consumers are interested in cellular health and products that preserve muscle mass, maintain healthy bones and help them stay active, according to SPINS. Brain health is another area of focus, so products targeted at staying mentally sharp also are drawing attention.

“Surprisingly, younger people are into this as well,” Dicker said, adding that hormonal health, women’s health and products aimed at perimenopause, menopause and testosterone levels are being purchased more often.

Current trends reach beyond those products, however, and Dicker said non-alcohol beverage brands and so-called “relaxation beverages” or “euphorics” are other options consumers are looking at to bolster well-being and potentially enhance their healthspan.

Specialized diets, whether they take the form of intermittent fasting, plant-based or keto, are additional influences at work, he said. There is also the “Ozempic effect” in which consumers taking weight-loss drugs are impacting CPG companies’ bottom lines.

“Last fall, Walmart said they were seeing consumers were buying less calories,” Dicker said. “It’s going to have a big impact on business, and it’s being studied for longevity as well. You could make the link that if you treat your diabetes and lose weight, it could increase your healthspan.”

Some brands are developing entire product lines to align with the trend, he said. Nestle, for example, introduced its frozen Vital Pursuit line this past spring to respond to consumers taking GLP-1 drugs for type 2 diabetes and obesity.

Nestle’s Vital Pursuit frozen brand is designed to appeal to consumers using GLP-1 weight loss medication and those focused on weight management.
Source: Nestle

The message for CPG companies is to take notice of the shift in consumer thinking and buying habits and understand the factors supporting it, Dicker said.

“It doesn’t mean there’s no spot for indulgent products,” he said. “Not everything is going to be a mushroom-based ashwagandha product. Just understand more consumers are going to be top of mind about these products, and that this idea of healthspan is occupying more of consumers’ minds (as they are) purchasing products going forward.”

Besides food and beverages, technology is another focal point for the increasing number of healthspan-focused consumers, Dicker said. More people are using wearable technology to track sleep patterns and heart rate, and they can make changes in their food and beverage consumption and other habits in real time and see the impact of the changes.

“This is not just a doctor saying to avoid sugar before bed and see if it works,” he said. “Now you can actually track it and measure it with real data.”

SPINS is working on a healthspan report and plans to publish it at the end of September or sometime in October, Dicker said. The report will be available for download on the company’s website.



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Sous Vide Specialist Anova Informs Community Its App Is Going Subscription, and It’s Not Going Well


Last week, Anova CEO Steve Svajian announced that the company will begin charging a subscription fee for new users of its sous vide circulator app starting August 21st, 2024. However, existing users who have downloaded the app and created an account before this date will not be impacted by the change. These users will be grandfathered into free access to the app’s full features.

Svajian explained that the decision to introduce a subscription fee stems from the fact that “each connected cook costs us money,” a cost that has become significant as the number of connected cooks now numbers in the “hundreds of millions.” The new Anova Sous Vide Subscription will be priced at $1.99 per month or $9.99 per year.

As Digital Trends noted, this announcement comes on the heels of Anova’s decision to sunset app connectivity for older Wi-Fi and Bluetooth sous vide circulators.

Unsurprisingly, the news has sparked discontent among Anova users. There are currently 195 comments on the Anova post announcing the new subscription, the majority of which express dissatisfaction, with many users stating, “I’m done with Anova.”

For instance, one user commented:

“I liked the product and bought it for friends and family as a gift. I will no longer be using this product and regret ever supporting this company.”

Another user remarked:

“You must have watched Sonos app troubles and thought, ‘Hold my beer.’ Charging your customers for your inability to innovate is a doozy!”

As a long-time Sonos user, I can relate to the frustration expressed in the Sonos comment, having witnessed how the music streaming hardware pioneer damaged its reputation with a glitchy app. While the Anova app may not be as central to the user experience as the Sonos app (I personally prefer using the on-device controls for the Anova), it highlights how upset customers become when a company alters or disrupts a previously satisfactory experience.

However, it’s important to recognize that smartphones have taught us that connected devices have a limited shelf life. Over time, products age, and companies like Apple, Samsung, and now Sonos and Anova, have made it clear that they can’t support old hardware indefinitely, particularly when maintaining apps incurs ongoing costs related to development, web services, and customer support.

The challenge for companies like Sonos and Anova is that consumers don’t perceive all connected electronics the same way, especially those that were initially free to use and expected to have a long lifespan. We’ve become accustomed to paying substantial sums for our phones and their associated monthly service fees, and despite this investment, most of us have accepted the forced obsolescence model that the smartphone industry has ingrained in us.

In contrast, when it comes to other devices, like connected cooking appliances, we tend to expect them to work indefinitely without additional costs. We assume that this new experience—connected cooking—will continue without requiring us to pay for the same level of service we previously enjoyed for free.

Considering the broader trajectory of Anova and its parent company, Electrolux, this news is not entirely surprising. Electrolux, like many appliance companies, has faced challenges in recent years, including laying off three thousand employees last fall. Despite these difficulties, they have continued to operate Anova as a relatively independent entity. Unlike other major brands that have shuttered their smart kitchen acquisitions, Electrolux appears to be making a concerted effort to keep Anova going in a tough economic environment.

It remains to be seen how this move will affect the brand. The backlash is predictable, but I wonder if the outrage is primarily coming from a vocal minority. I suspect that the “100 million connected cooks” figure is somewhat exaggerated, as Anova claims to have powered over 100 million cooks on its website. I also believe that many of these cooks, like me, are from users who simply plug in the device and use it directly without relying on the app.



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Bulk carrier crew quarantined in Argentina over suspected mpox case


Argentine authorities have quarantined a dry bulk vessel in the Parana River over a suspected case of mpox onboard.

The ship was near the port of Rosario when it alerted authorities that “one of its crew members of Indian nationality showed cyst-like skin lesions predominantly on the chest and face,” the health ministry said in a statement.

The crewmember has been isolated from the rest of the crew. The vessel, which had been bound for San Lorenzo port, dropped anchor in the river.

The unnamed Liberian-flagged ship was sailing from Santos in Brazil to pick up a cargo of soy.

The entire crew will be quarantined until results of studies carried out by health officials are available.

The World Health Organization (WHO) last week declared mpox a global public health emergency for the second time in two years as a new variant of the virus spread rapidly in Africa. A day later, a case of the clade 1b variant was confirmed in Sweden, the first sign of its spread outside Africa.

Mpox, a viral infection that causes pus-filled lesions and flu-like symptoms, is usually mild but can kill. The clade 1b variety of mpox has triggered global concern because it seems to spread more easily through routine close contact.



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Posted on Categories Seafood

Site issue prompts AEGIC moves in WA


AEGIC’s noodle and Asian products technical functions have moved to the Food Innovation Precinct of WA. Photo: FIPWA

THE Australian Export Grains Innovation Centre is in the midst of an unexpected move in Western Australia.

It has come about following the detection in June of concerning levels of asbestos at the WA Government’s Department of Primary Industries and Resources Development site in South Perth.

While AEGIC’s WA non-technical staff were quickly relocated to leased premises in Subiaco in Perth’s inner west, a new home for the unit’s technical staff has taken longer to find.

This week, AEGIC has announced its technical functions related to noodles and Asian products will temporarily relocate to the Sustainable Innovative Food Technology (SIFT) facility within the Food Innovation Precinct of WA, east of Mandurah, and around 50km south of the city.

“As WA’s leading food innovation and technology facility, SIFT is the ideal home for our Asian products and flour-quality labs in the medium term as we work towards more permanent arrangements,” AEGIC executive general manager Courtney Draper said in a statement.

Move expected, but not so soon

AEGIC is an independent not-for-profit company funded by the WA Government and Grains Australia, an initiative of the grower levy and Federal Government-funded Grains Research and Development Corporation.

Following the end of the single-desk marketing era which saw entities such as the Australian Wheat Board promoting Australian grain in offshore markets, AEGIC was founded in 2012 to increase value in the Australian grains industry.

In WA, AEGIC’s home from the start has been at DPIRD South Perth.

The WA Government had earlier announced plans to include AEGIC in a move to Murdoch University as part of a new complex which would enable DPIRD to move out of the aged South Perth site.

Announced in December 2022, the new facility was also to be home to InterGrain, DPIRD’s and GRDC’s joint-venture seed company.

AEGIC technician Kishor Sharma Regmi at AEGIC’s previous site in South Perth with udon noodles made from flour milled on the premises.

The asbestos issue has necessitated a faster move.

“Our technical experts have been hard at work moving equipment and setting up the new noodle labs at SIFT, which I’m pleased to say are already operating,” Ms Draper said in a statement.

SIFT is an investment of DPIRD and is operated by the Future Food Systems Co-operative Research Centre and Murdoch University.

AEGIC said it was working closely with DPIRD, Grains Australia and other industry stakeholders to identify medium-term alternative arrangements for all its WA-based technical functions.

This indicates baking is yet to find a new home.

New home for biosecurity prioritised

DPIRD’s South Perth site was also home to its Diagnostics and Laboratory Services.

On August 8, the WA Government announced a new State Biosecurity Response Centre was to be built for emergency management of priority pest and disease threats such as the critical polyphagous shot-hole borer response.

It is expected to accommodate more than 200 staff, and the location is yet to be announced.

“The Response Centre will also accommodate the department’s Diagnostics and Laboratory Services which were disrupted due to asbestos management and restricted access at DPIRD’s South Perth site,” the WA Government said in a statement.

“Suitable metropolitan locations have been identified for the new centre which is expected to be operational within months.”

The government said it has fast-tracked $83 million to urgently procure and fit out diagnostic laboratories and biosecurity response operations at the new centre, and that work on a new fit-for-purpose facility for DPIRD at Murdoch University will not proceed as planned.

It went on to say it “remains fully committed” to providing a scientific base for DPIRD with the previously allocated $320-million budget.

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Posted on Categories Crops

Consumers see food prices as rising more than other goods and services, find ways to adapt



21 August 2024


5 minute read

More than 80% of consumers perceive that food prices have increased a little or a lot over the last 12 months, according to the May 2024 Consumer Food Insights Report (CFI).

The survey-based report out of Purdue University’s Center for Food Demand Analysis and Sustainability assesses food spending, consumer satisfaction and values, support of agricultural and food policies and trust in information sources. Purdue experts conducted and evaluated the survey, which included 1,200 consumers across the U.S.

The Bureau of Labor Statistics’ consumer price index measure of food inflation shows a 12-month increase in food prices of 2.2%, down from 4.4% a year ago. “While food inflation has slowed in 2024, consumers are feeling the cumulative effect of the high inflation we’ve experienced,” said the report’s lead author, Joseph Balagtas, professor of agricultural economics at Purdue and director of CFDAS.

The May CFI survey asked consumers to report their experiences and responses to rising food prices over the last 12 months. The survey included a question asked previously in February and July 2022, seeing how consumers have adapted their grocery shopping in response to food price inflation.

The researchers found that the most common shopping adaptations to food inflation are seeking out sales and discounts, switching to cheaper and generic brands, and buying fewer nonessential foods like ice cream.

“We also wanted to understand how perceived changes in food prices compare with perceived price changes for other common household expenses,” Balagtas said. “Consumers were more likely to report price increases for food than for any other good or service in the economy.”

Similarly, when asked which goods and services saw the largest year-over-year price increase, 56% of consumers selected “food,” despite official inflation data that show prices of insurance, housing and child care have risen faster than prices for food in the past year. “It’s possible the high frequency with which we shop for food could make higher food prices more salient to consumers. Media attention to food could also play a role,” Balagtas said.

The May survey revisited generational differences analyzed in past reports by categorizing consumers into Gen Z (born after 1996), millennials (born 1981-1996), Gen X (born 1965-1980), and boomer-plus (born before 1965).

“One area where we see bigger generational differences when asking about recent consumer experiences is the source of funding that consumers reported relying on to purchase food,”
Balagtas said. “Around 37% of Gen Z and millennial consumers report drawing on savings or going into debt to finance their food purchases over the past year compared to 28% of Gen X and only 13% of boomer-plus consumers. It is concerning to see over a third of young adults needing to stretch their finances to afford food.”

Food insecurity is highest among Gen Z adults, with around one-third of consumers from this group also reporting having trouble accessing quality food. This is much higher than the rate of food insecurity among older Gen X (13%), and boomer-plus (5%) consumers.

“More research is needed, but these results are likely driven in part by a stage-of-life effect, as income and wealth increase are drivers of food security and tend to increase with age,” Balagtas said.

The April consumer price index measure of food price inflation — the most recent available — remained unchanged from March at 2.2%. The inflation rate seems to have stabilized, having stayed around 2.2% for the last three months, noted Elijah Bryant, a survey research analyst at CFDAS and co-author of the report.

“According to the center’s data, consumer estimates of food inflation over the past year of 6.2% and expectations for the coming year of 3.6% continue to remain higher than the CPI estimate,” Bryant said. This suggests that consumer experiences with food prices have been different than the official measurement.

“Consumers’ inflation estimates continue to hover around 6%, showing that the dramatic increase in food inflation in previous years may still be affecting consumer food price sentiment. However, consumers have been consistently more optimistic about future food prices relative to their inflation estimates over the past 12 months,” Bryant said.

Consumers are asked to allocate 100 points among the six attributes — taste, affordability, nutrition, availability, environmental impact and social responsibility — based on the importance of each in their grocery purchasing decisions. Though CFDAS began measuring food values on a quarterly basis in January 2024, the researchers have yet to observe significant changes in the importance level of these attributes.

“Taste, affordability and nutrition continue to be heavily considered by consumers when making a purchasing decision at the grocery store, whereas environmental impact and social responsibility are of lower importance,” Bryant said. “Americans’ values have proven to be fairly consistent despite changes to the economic landscape over the past couple of years.”

The survey results show generational differences in food values, too, between the younger Gen Z and millennial groups and the oldest boomer-plus group. Younger generations place more value on the environmental and social responsibility of their food when choosing what to buy. Older consumers are more concerned about taste.

The frequency of certain shopping and eating habits also differs across age groups. For instance, younger consumers are more likely to choose nonconventional foods compared to older consumers.

“We see this with organic foods, grass-fed beef, cage-free eggs and plant-based proteins,” Bryant said. However, all consumers regardless of age report checking food date labels often.

“We also observe older consumers report eating unwashed produce, raw dough and rare meat less frequently than younger consumers,” he said. This aligns with differences seen in risk attitudes among consumers of different ages. “Young adults are more willing to take risks with their food than older adults,” Bryant said.





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Posted on Categories Meat

Lactalis Canada’s Yogurt Brands Support Kids Help Phone


Photo Credit: iStockPhoto.com/portfolio/Ridofranz

TORONTO — Lactalis Canada’s yogurt brands, including iÖGO, iÖGO nanö, Astro, Olympic and siggi’s, have once again teamed up in support of Kids Help Phone with its annual Snack, Give & Win campaign.

In market nationally until Sept. 29, 2024, the campaign will see the company’s yogurt brands donate $40,000 to Kids Help Phone in support of children and youth mental health. New to this year’s campaign, consumers will also have the chance to win $5,000 by purchasing a Lactalis Canada yogurt and uploading their receipt to snackandgive.ca.

“With this latest iteration of Snack, Give & Win, we’re not only going beyond on-shelf deals to generate value for our consumers — particularly during the busy back-to-school period — but supporting the critical work of Kids Help Phone focused on youth mental health and wellbeing,” says Adrienne Pagot-Gérault, general manager, Yogurt & Cultured Division at Lactalis Canada.



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How shippers can navigate Pitney Bowes Global Ecommerce’s shutdown


In its short life, Pitney Bowes Global Ecommerce carved out a reputation for offering low shipping rates that helped it grow volume even when its future was highly uncertain.

Shein, Victoria’s Secret, BarkBox owner Bark and others benefited from the unit’s economical options, which relied on the U.S. Postal Service for last-mile delivery as industry-wide surcharges and rate increases strained shippers’ finances.

“Over the last 12 to 24 months, the larger customers that have come over to Pitney Bowes, a lot of them migrated because of price,” parcel shipping consultant Mark Waverek said in an interview with Supply Chain Dive.

But offering low prices didn’t help Pitney Bowes in its failed effort to make Global Ecommerce, or GEC, a profitable venture. After years of losses, earlier this month, Pitney Bowes sold its majority interest in the unit to Hilco Global, which will liquidate and wind down the business.

The liquidation process is expected to conclude early next year, but GEC delivery services like Domestic Forward Standard Delivery and Domestic Cross-Border U.S. Outbound have already shut down.

Customers will have to shift GEC-destined volume to other shipping providers, if they haven’t done so already. Experts told Supply Chain Dive that shippers must consider short-term and long-term factors as they adjust their carrier mixes, ranging from peak season performance to changes within the Postal Service’s network.

As Pitney Bowes Global Ecommerce winds down operations, shippers with a diverse carrier mix should face minimal disruption, experts told Supply Chain Dive.

Courtesy of Pitney Bowes

 

Multi-carrier strategies will help shippers

The shippers best positioned to avoid any disruptions from GEC’s shuttering are those who already have a flexible multi-carrier strategy in place, experts said. Considering the turmoil that has surrounded GEC in Pitney Bowes’ recent quarters, customers should have already been prepping contingency plans prior to the unit’s announced closure.

“The shippers that had two or more options set up for every ZIP code where their customers are located, they’re feeling good right now,” said Timur Eligulashvili, president of Logistics Remix, a parcel delivery carrier representative.

Shippers should evaluate their existing carrier mix first and see which options offer comparable pricing and delivery speeds to GEC before jumping to new providers, experts said. After all, implementing a new carrier can take time, and the clock is ticking as the holiday volume surge approaches.

“You got peak season coming up, you’ve got a hard shutdown over at Pitney Bowes [GEC], so you’ve lost a lot of leverage,” said Waverek, who is managing partner at PlaidMark Management and Consulting Services. “Unless you have a multi-carrier strategy already in place and Pitney Bowes was just a percentage of your allocated volume, you’re in a really bad position.”

While the timing of GEC’s shutdown isn’t ideal, carriers currently have plenty of space in their networks, especially compared to the capacity-strained stretch between 2020 and 2021 when the COVID-19 pandemic fueled a spike in home delivery. The softer market has led carriers to offer aggressive rate discounts and for pricing power to swing back into shippers’ favor.

“The good news is we’re still in the shippers’ market,” Eligulashvili said. “There’s slack capacity for delivery, and packages will find their way.”

Despite more favorable conditions for shippers, new carriers are unlikely to offer rates as generous to shippers as GEC did, Eligulashvili added.

“It’s probably not going to happen, but could they get close to them? And what combination of carriers will offer that? That’s the question,” he said.

The shutdown of Pitney Bowes Global Ecommerce could help the U.S. Postal Service grow volume for its Ground Advantage offering, according to experts. 

David McNew/Getty Images via Getty Images

 

Consolidators offer a straightforward alternative

The simplest option for shippers is to bring GEC volume to other shipping consolidators like DHL eCommerce and OSM Worldwide, according to experts. Like GEC, these companies send parcels to Postal Service facilities for final-mile delivery and offer economical shipping options for lightweight packages.

However, shippers looking at these companies as a long-term alternative should gather information about the impact ongoing changes at the Postal Service will have on service reliability and pricing, Waverek said. The agency recently hiked rates and nixed ounce-based pricing for its Parcel Select service, which consolidators rely on.

That uncertainty may lead shippers to look beyond consolidators for long-term GEC replacements. National parcel carriers such as FedEx and UPS, along with regional alternatives, could be viable options if their pricing is strong enough to sway former GEC shippers, experts told Supply Chain Dive.

Large-scale businesses may also be able to ink a direct contract with the Postal Service and leverage its Ground Advantage delivery offering as the agency looks to attract more direct customers into its network. The Postal Service’s mailing options also work for lightweight packages, Gordon Glazer, senior consultant and USPS specialist at Shipware, said in a LinkedIn video.

“There’s a 50-to-60% save there,” Glazer said. “These packages move just as fast as the ground service, but it does require different tracking symbology as well as specialized packaging in order to conform with the physical requirements of the Postal Service.”

Even after shippers shift volume to other providers, the GEC shutdown could present some lingering operational headaches, particularly for package returns.

GEC will pick up returns from the Postal Service until Sept. 5. But if a customer returns a package after that date, where will it end up? Oscar Gladman, senior director of parcel at Kenco Group, said these packages could be held up at a Postal Service facility until a shipper retrieves it themselves.

“It might create an issue for returns customers for a little while who were printing labels and putting them in outbound packages,” Gladman said

Editor’s note: This story was first published in our Logistics Weekly newsletter. Sign up here.



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Starbucks to Drop Pumpkin Spice Latte Earlier Than Ever with Stanley Collab


Pumpkin creep is starting to feel more like a sprint. On Wednesday, coffee giant Starbucks announced that it would bring back its fall menu items (including its coveted Pumpkin Spice Latte, a.k.a. the PSL) on August 22 — the earliest the company has ever done so. In addition to introducing a few new autumnal offerings, Starbucks has teamed up with drinkware company Stanley to launch a limited-edition coffee cup.

According to Starbucks, the fall 2024 menu will feature fan-favorites like the Pumpkin Cream Cold Brew, Iced Pumpkin Cream Chai, and Apple Crisp Oatmilk Macchiato. Menu newcomers include an Iced Apple Crisp Nondairy Cream Chai as well as two Starbucks app-exclusives: the Iced Caramel Apple Cream Latte and the Iced Honey Apple Almondmilk Flat White. The seasonal food menu will feature the returning Pumpkin Cream Cheese Muffin, Baked Apple Croissant, and Pumpkin & Pepita Loaf in addition to a new Raccoon Cake Pop.

The same day the new menus drop, Starbucks will begin offering a line of fall merch in stores, including an olive-green mug in collaboration with Stanley. The line includes eight different reusable water bottles, mugs, tumblers, and cold cups in a range of autumnal colors. Prices range from $20 to $55.

This announcement comes after the coffee chain’s stock price plummeted by over 15 percent in May. Since the beginning of 2024, the company has cut its sales outlook for the year twice, citing long wait times in the morning coffee rush as a major deterrent for would-be customers. The coffee giant is likely banking on its fall lineup to help rebound from slowing sales, as in the past, ten percent of the company’s annual sales have been attributed to PSLs. According to a press release, Starbucks also recently appointed former Chipotle CEO Brian Niccol as its chairman and CEO. Niccol is expected to begin his new role in early September.



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Posted on Categories Alcohol
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