Food Forward and the Future of Food
Ramping up foresight and strategic positioning for a company on the cutting edge of our food system

The Challenge
The global food system is an $8 trillion ecosystem built on old assumptions: endless resources, predictable seasons, and static consumer behavior. Climate disruption, the middle-class explosion, and exponential technologies are refactoring how food is produced and distributed.
For Hormel, Food Forward needed to be more than a report. It had to supply competitive intelligence, identify corporate development opportunities, and propel the company’s long-standing tradition of innovation into the future.
This big initiative for us is Food Forward. We are a food company, we’re incredibly proud to be a food company…we know that there’s going to be this constant evolution and we need to be ahead of it because the consumer is changing faster than they ever have.
Results
Hormel’s business decisions post-report show movement arising from two of the chapters (functional food/innovation & distribution shifts) and suggests emerging awareness of the third (protein disruption). Here are a few documented examples of what the company did after our 2017 report.
- Emphasized its branded, value-added consumer items rather than commodity meats
- Moved toward innovation in snacking, on-the-go, protein, and plant-based meat which indicates execution based on the research
- Built four new innovation centers: one in China, another in Austin, MN, a new agile production center in Willmar, MN, and opened the Planters Innovation Center in Chicago
- Formed 199 Ventures, a venturing group focused on partnering with emerging food companies and entrepreneurs
- Stepped into the alternative protein space by partnering with The Better Meat Co. to develop it’s rhiza mycoprotein products


