New Habits

This Foodie Friday, I’d like you to imagine that you went to bed after a lot of reveling this last New Year’s Eve and have just woken up. In any other year, you might be mildly surprised as to what’s gone on for the first 5 months of the year. 2020? You wouldn’t recognize it.

The pandemic has changed many things and people’s relationship with food is one of them. More than 80% of consumers say the coronavirus pandemic has changed their food habits, driving them to cook, eat, shop, and think about food differently, according to the annual Food & Health Survey from the International Food Information Council. Obviously, with most restaurants closed, many more people are cooking at home. About 60% of people, in fact. But 85% of people say they’re doing something differently, ranging from snacking more to washing produce more often.

They’re also changing what they’re eating. Generally, people are trying to eat more healthy although both KFC and Pizza Hut saw sales soar into the double-digits last month as consumers stayed home and ate more chicken and delivered pizza. Still, cooking more at home tends to be a little bit more healthy than the choices that we might make when eating out. That’s probably why the stuff we cook at home doesn’t taste as good as restaurant food! That said, three out of five people said they consider how healthy items are. And compared to 10 years ago, more than half said the healthiness of food makes more of a difference to them now.

Why am I bringing all of this up? I guess it’s just another reminder that the world we all knew has changed significantly but therein lies opportunity. The reason that we older folks tend not to be targeted by much marketing is that there’s an assumption that our buying habits are locked in stone. A lot more money is spent going after younger consumers whose shopping habits may be more malleable. I’d suggest to you that at this point everyone is rethinking not just how they buy food and eat but also how they spend their money on other things. People who used to travel a lot may find they’re not doing that now. Do those dollars go to home improvement or a shiny new entertainment center?

Habits are changing. You need to be changing with them if you want your business to continue to thrive. 

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Filed under Thinking Aloud, What's Going On

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