A lot has been written about the impact the coronavirus pandemic has had on the U.S. meat industry and sitdown restaurants, but what about the other sectors of the food and beverage industry?
Wan Kim, CEO of Smoothie King, told Cheddar Tuesday that the pandemic pushed him and his team to build a bigger digital presence for its customers.
"When this kind of big disruption happens I think it was kind of a big wake up call," Kim said. "We really started to think of what else we could do, and there's a lot of things we could focus on like our digital stage."
The CEO is so committed to growing the company's digital presence that he announced on Cheddar that Smoothie King is planning to launch a subscription service this summer.
"We are also doing some research about whether we can actually roll out any subscription model and we are looking into it because, once again, changes are hard but actually this is the perfect time for us to do it," he said.
The fitness industry has also been rattled by the coronavirus pandemic. Gyms have been closed to reduce the spread of the virus and more people are taking advantage of at-home workouts, which is why Kim said it was important for Smoothie King to make deliveries.
"I see a lot of people actually getting the virtual workout as we speak and if that's what going to happen in the future, then we need to make sure our products actually get delivered to homes," he said.
The smoothie chain has ramped up its digital presence amid the pandemic by increasing its deliveries and teaming up with DoorDash to get smoothies to more customers. The company is also offering curbside pickup as well.
Jack Daniels was at the U.S. Supreme Court today. The whiskey-makers argued that a dog toy company violated federal trademark law with a product that parodies the distiller's iconic bottle. The toy is the Bad Spaniels Silly Squeaker toy by VIP products. The first amendment case pits the rights of a famous trademark holder against parody products. Jack Daniel says the toy damages its reputation, especially the references to dog poop.
Alcohol brand White Claw is moving into spirits amid an industrywide shift away from hard seltzers. The spiked seltzer brand announced a new line of regular and flavored White Claw premium vodkas. The bottles are available in select markets across North America and come in an unflavored option as well as pineapple mango and black cherry white Claw has dominated the Heart Seltzer market for years. Now bringing the category into the mainstream as more consumers sought those low calorie alcohol drinks.
Stocks are holding relatively steady Wednesday as Wall Street bides its time until the Federal Reserve’s announcement in the afternoon about whether it will tighten the screws further on the economy.
Meme stocks are rising before the opening bell Wednesday after GameStop, one of the most heavily traded off-brand stocks during the pandemic, posted a surprise profit for the fourth quarter.
The rising cost of groceries is pushing more consumers to use Buy Now Pay Later (BNPL) services for necessities such as groceries, according to new data from Adobe Analytics.
