Tiger Global Investment has invested $18 million in an equity stake in Olo, a digital-ordering platform that launched in 2005 as a text-based payment service and grew rapidly with the rise of smartphones. Restaurant chains including Chipotle Mexican Grill, Denny's, Five Guys and Jamba Juice use Olo's online platform, which integrates with third-party ordering services.
Webinar: 6 Food News Consumers You Need To Know Hunter Public Relations has released its annual Food News Study examining 2018's top food news and the impact on consumers. In this webinar, learn how consumers segment into 6 key groups based on the manner in which they engage with food news and information. Additionally, find out how these segments are fundamentally shifting over time. Register here.
Kitchen gadgets abounded at CES this year, from splash-resistant tablet-style smart displays and food processors that also do the cooking, both from KitchenAid, to Bear Robotics' serving robot, Penny. Kohler's Sensate faucet responds to voice commands and a new machine from Ripples can print an image on a beer's foamy head.
Searches for nearby restaurants and other businesses, the rise of voice search and increased attention to customer reviews are likely to be among the top tech trends for restaurants this year, said Uberall's Tehsin Daya. NEC Display's John Moezzi said that also this year, consumers will demand various ordering and delivery options.
With cyberattacks occurring every 39 seconds, a recent study found, and annual costs expected to reach $8 trillion, businesses must be extremely diligent to protect customer data from cybertheft. Businesses and consumers can take steps to protect data, including installing firewalls, backing up data, implementing privacy policies and using two-factor identification.
While it can be difficult to convince a board that there are financial returns on cybersecurity investments, no business is infallible or fully protected, and a cyberattack can damage a company's reputation so significantly that there is no recovering from the financial damages. Cybersecurity expert Rajinder Tumber outlines how to build a compelling argument for the need for more cybersecurity investment in 2019.
Wilkinson Baking has created the BreadBot, a bread-baking robot that turns out about 10 loaves per hour and loads them into a vending machine where people can purchase them. Future generations of the machine, which the company leases to stores, may include options for customized recipes and engraved loaves.
Plant-based burger maker Impossible Foods aims to eventually create a meatless steak that's on par with the beefy version, CEO Pat Brown said. The company recently unveiled a revamped version of its burger recipe.
Startups developing cultured or lab-grown beef, chicken, pork and fish continued to innovate in 2018, as regulators at the Food and Drug Administration and Department of Agriculture collaborated on a tentative plan to regulate the industry. Some companies, including JUST and New Age Meats, are closer to getting their products to market.