The U.S. fast-casual chain Panera has debuted an unlimited subscription program for $8.99 per month. The new coffee subscription is available to members of MyPanera, Panera’s free loyalty program. The subscription includes one cup of hot drip coffee, hot tea, or iced coffee every two hours during regular bakery-cafe hours, including free refills of the same beverage at participating U.S. Panera Bread bakery-cafes.
“From helping create the fast-casual category, to technology breakthroughs with Panera 2.0, to clean food—Panera has a history of industry-leading innovation that creates value for and adds to the guest experience,” said Niren Chaudhary, Panera CEO. “Panera is a challenger brand, and with unlimited coffee we are disrupting the coffee business. We are challenging the status quo because we believe everyone deserves a full cup, literally and figuratively.”
The latest research from Mintel shows that after several years of growth, the foodservice industry is expected to decline by up to 30% from 2019 to 2020, following nationwide dine-in bans/restrictions, restaurant closures, job losses, and lowered consumer confidence.
COVID case surges across the United States and the subsequent rollbacks in re-opening plans have stalled the U.S. restaurant industry’s recovery, reported The NPD Group.
According to The Wall Street Journal, Coca-Cola Co. said it believes the biggest challenges of the pandemic are behind it, despite the current surge in coronavirus cases in many parts of the United States.
Total customer transactions at major U.S. restaurant chains declined by 14% in the week ending July 12 versus one year ago, compared with -11% in the prior week, reported The NPD Group.
Oatly, maker of oatmilk, has received $200 million in equity led by Blackstone Growth.
Cactus Section IFT Suppliers Night
Phoenix, Arizona
New York Section IFT Suppliers Day
Whippany, New Jersey
Aksarben Section IFT Suppliers Expo
Omaha, Nebraska