On this episode of "On Foodable Weekly," Paul Barron meets up with industry leaders Dawn Sweeney and Larry Oberkfell at the IFMA Presidents Conference. The Presidents Conference provides cutting-edge research to operators, manufacturers, and distributors within the industry. With sessions discussing consumer trends, category management, and regulation impacts of the recent election, attendees packed the lecture halls. Much of the research presented was in reaction to questions asked by attendees. Today, we look at trends facing the industry as well as changes we can expect to see in the near future.
One such trend is the rise of the new-age consumer. Millennials are now the largest and most influential generation since the baby boomers, and as such, have been a major focus in the industry. However, Larry Oberkfell, president and CEO of IFMA, discusses how age is not the most important factor, nor is demographics.