THE BEET - January 28

Monday,28 January 2019

China's coffee upstart is pouring millions into overtakingStarbucks

LuckinCoffee, a Chinese coffee chain started last year, has made headlines forsetting an ambitious target of having 4,500 stores by year-end. To put that inperspective, that's more than Starbucks, which has been operating in China for20 years. According to Reinout Schakel, Chief Strategy Officer at LuckinCoffee, "Chinese consumers currently drink just 4 to 5 cups per capita,compared to about 300 cups in countries like Taiwan, Hong Kong and South Korea,"which leaves room for more than one dominant player in China's java market. Towatch Schakel's interview with Bloomberg, click here.

Five technologies that are reshaping the restaurantindustry for 2019

Photoby Lefteris kallergis

Fundingfor U.S.-based food tech companies has skyrocketed from $60 million in 2008 to$1.5 billion in 2017. What technologies will impact the restaurant industry in2019? Nabeel Alamgir, Chief Marketing Office at Bareburger shares his fivepredictions with Forbes: Augmented Reality, Table Kiosks, Plant-BasedTechnology, Anti-Market Place, and Artificial Intelligence. Read the fullarticle here.

Health, experience and plastics: F&B insights fromMintel’s China and North Asia 2019 consumer trends

Photoby Meghan Rodgers

Marketresearch agency Mintel has identified six new consumer trends that are shapingthe Chinese and North Asian consumer landscapes. Within these, health,experience and plastic use are some important key points for food companies totake note of. Get the full scoop at Food Navigator-Asia.

Australia, UK ink wine, goods trade deal

Photoby Meghan Rodgers

Australiaand the UK have agreed to roll over existing trade agreements, pendingparliaments approval before March 29. Under the deal, Australian winemakerswill be able to export products using the same labels, certifications, andmanufacturing processes to both the UK and the EU after Brexit. The deal alsoapplies to Australian certification standards for imports of pharmaceuticals,cars, medical devices, food and agricultural goods. To read the full articlewritten by Marty Silk for the Australian Associated Press, go to News.com.au.

SIAL China is the largest food and beverage expo in Asia.In 2019, it takes place May 14-16 in Shanghai at the Shanghai New InternationalExpo Center. For more information visit www.SIALChina.com, or contact us at [email protected]