Food remains one of the thriving industries worldwide, given its essential business nature and a strong connection to consumers. In 2020, global food industry revenue jumped by a record 20% year over year to reach $8.2 trillion, driven by a huge demand increase amid the coronavirus outbreak. As the pandemic disrupted global food supply chains, consumers flocked to convenience stores to load up their carts, resulting in a 76% rise in convenience food sales.
The food industry is comprised of companies that focus primarily on offering food and non-alcoholic beverage products. It includes grocery stores, food distribution companies, and other companies offering consumer staples that consumers either eat or drink.
Sprouts Farmers Market Inc. (NASDAQ: SMF) Sprouts Farmers Market operates a chain of grocery stores selling meats, cheese, dairy products, bulk foods, baked goods, and vitamins and supplements. The company has locations throughout the U.S.
Sprouts Farmers Market will debut a fresh take on its chain of Georgia supermarkets when a new location at 2530 Cumberland Blvd. makes its grand opening Dec. 1.
Two Hands Corporation, (OTC: TWOH) is a food distribution company through three on-demand food brands, Gocart.City, Grocery Originals, and Cuore Food Services.
The company recently announced that Gocart.city orders in October have now exceeded all orders in our last quarter – 3rd Quarter 2021.
“Our new sales programs are proving to be successful and contributing to the sales growth we’re seeing this quarter”, commented Nadav Elituv, Chief Executive Officer.
Gocart.city, a division of Two Hands Corp. (OTC: TWOH) is an online grocery delivery market that services the Greater Toronto Area and beyond. They curate and deliver the freshest produce and specialty foods in Southern Ontario. To learn more about Gocart.city, please visit www.gocart.city.
United Natural Foods, Inc. (NYSE: UNFI) together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail.
The company offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk, foodservice products, and personal care items.
The company serves chains, independent retailers, food service, e-commerce, conventional military business, and other sales customers.
Founded in 1976, United Natural Foods, Inc. is headquartered in Providence, Rhode Island.
