June 17, 2016 Comments Off on Cushman & Wakefield: Food Industry Serves More Than Mouths Views: 598 California News, Connect Classroom

Cushman & Wakefield: Food Industry Serves More Than Mouths

Cushman & Wakefield released the first of its five-part series, “Food Manufacturing Update: Good Eats & More Treats”, that examines the changing American table and its effects on commercial real estate and related industries.

Here are some of the major findings, so far:
Employment (2015): more than 1.5 million jobs in food manufacturing
Project Announcements (2011-2015): 1,691 total. Breakdown – 1,033 expansions and 648 new projects
Plant Efficiency: increased incorporation of technology for distribution and packaging
Cold Storage (past five years): 2% increase in public refrigeration space, 5.3% increase in private space [new OSHA mandates are driving refrigerator compliance and reduced energy consumption]
Millennial impact on consumption: cohort is driving fresh, less-processed food. Increased by 20% over the past decade

Read More and Download Full Report at C&W


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