Baby Boomers annual spending power in the United States is $2.3 trillion annually. In Canada, households aged 65 and over had an average net worth of $845,600 in 2016. That’s an 86% increase since 1999 after adjusting for inflation. Despite their wealth, most marketers’ attention has been diverted to the Millennials and Generation Z. This […]
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Food, shelter and clothing are the top 3 basic necessities of life. In fact, food is more than a commodity to be bought and sold. We can’t live without food and it plays a significant role in our culture and daily lives. When you combine retail and foodservice together, Canadians spent close to $200B dollars […]
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When I grew up it was customary for our family to gather for family meals. Our Mom was a stay at home mom. She voluntarily gave up her career to take care of my brother and myself. A Pharmacist by trade, as we grew older, she started to volunteer 2 days a week in the […]
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Organic foods are not revolutionary. Our grandparents and great grandparents probably grew up with organic foods. It is just now that we are learning more about them through the news and the latest food trends. Prior to World War II, all crops were organic. Farmers and food producers used natural methods to nurture the soil […]
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Before the power of social media came into existence, influence was typically restricted to individuals with movie, television, or radio access. Hence, the number of people wielding influence was limited. Today we hear about how consumers trust friends and family members recommendations when deciding what products to purchase. That truth has become even more apparent as […]
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New brand entrants into the grocery sector face an uphill battle to generate brand awareness and stimulate trial purchase. This is especially true given retailers provide new food entrants a short probationary period (6-9 months) to prove themselves and brand icons dominate most if not all of the categories. Yet, most new brand entrants neglect […]
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Growing up it was common practice in our household to regularly consume milk, eggs, and meat. In fact, when we went out for dinner, the main course was my favourite part of the meal. The word vegan – vegetarian was not part of our vocabulary. Yet, it was in 1944 when Donald Watson co-founded the Vegan […]
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Cannabis, also known as marijuana among other names, is a psychoactive drug from the Cannabis plant used for medical or recreational purposes. Doctors have prescribed marijuana as a treatment for pain. They also may prescribe medical marijuana to treat: 1. Muscle spasms caused by multiple sclerosis, 2. Nausea from cancer chemotherapy, 3. Poor appetite and weight loss caused by chronic illness, such […]
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Plastic is material consisting of a wide range of synthetic or semi-synthetic organic compounds that are malleable and so can be molded into solid objects. The world’s first fully synthetic plastic was bakelite, invented in New York in 1907 by Leo Baekeland who coined the term plastics. Plastic today is enemy # 1. The United Nations’ environmental agency says every year 8 million metric tons of plastic […]
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Cauliflower used to be a boring vegetable that was typically only bought when there was nothing else on the grocery shelf. Typically perceived as the less colourful, less delicious cousin of broccoli, it was usually boiled and served plain, as an uninspiring side dish. Those perceptions have changed. Driven by consumers’ desire for a healthier […]
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