New Product Launch Part II

Fast food has turned into a genuine fundamental of our everyday life and made a religion of establishments that reaches out to the millions of Americans across the country. The Fast Food industry in a few eyes has been one of the sharpest developments this world has seen. It has been driven by our stomachs and our wallets for 40 to 50 years it's as yet developing to this date. The man who make-believe it can be known as the best representative, this nation has ever observed. The Fast Food Industry is big to the point that it has influenced our wellbeing, changed our way of life, and misshaped our territory as far back as the very first moment.

The three top pizza chains in America are Pizza Hut, Domino’s and Papa John’s. The pizza business is very competitive. We are going to discuss the third-largest pizza company, which happens to be Papa John’s. John Schnatter is the CEO of Papa John’s, he founded the company in 1985 and he own 30 percent of the company’s assets. Papa John’s is different from the other pizza places because they pride themselves in using only fresh ingredients, by them using fresh ingredients this gives their pizza the distinguished taste that the consumers crave. The fresh ingredients are delivered two times a week is a part of the prideful quality center that Papa John’s has put in place to guarantee fresh quality ingredients. Another unique difference in Papa

In terms its overall significance of the restaurant industry, almost 10% of the US workforce has employed in this industry & generated 1.5 million new jobs. From global perspective, fast food restaurant's accounts for more than 90% of total world’s sale. At the start of 2012, industry shows a relatively positive trend. However, during the second quarter of the year, it appears to be slackened while reflecting macroeconomic concerns. From global economic perspective, the industry appears to be at the most receiving end, a stronger currency value, uncertainty around the election of new US government, a slightly higher cost of food supplies, a slow-moving labor market & an increased number of restaurants in the industry, all these factors along

Yum Brands Incorporated is the world’s largest fast-food, or quick-service restaurant (QSR), company in terms of restaurants, which numbered over 37,000 at the end of 2010. It currently operates five restaurant chains, but by the end of 2011, that number will decrease to three: KFC, Pizza Hut, and Taco Bell. The remaining two chains, A&W and Long John Silver’s, will be sold in the 4th quarter of 2011 to companies formed by their franchise holders. As of November, 2011, Yum is in the process of purchasing a Chinese hot pot chain, Little Sheep. It has received government approval and is awaiting shareholder approval.

The food economy in America has gone through numerous and substantial changes during the past couple decades. The changes, although economically beneficial for America as a whole, are becoming a detriment to the health of our society. Perhaps the biggest innovation is the rise of fast food culture. The mass fast food monopoly is growing more and more every day, and with the aid of the government in forms of subsidies, the food culture of the United States is being run by big business. “Corporate enterprises” are “moving in to take advantage of” the American food market (Campbell). This shift in the food economy has come to be accepted as the norm, and so the average American consumer is being exposed to the dangers of fast food. Americans are finding it harder and harder to eat healthy. Fast food is causing diseases and deaths to skyrocket, and the happiness level of America is plummeting, all because of ignorance and the greed of big business.

According to National Restaurant Association the restaurant industry covers one million fast food service locations in the U.S. and employs 14 million people. Globally, fast food generates a revenue of over $570 billion and it is expected to exceed $780 billion in 2016. Furthermore, the industry expects an annual growth of 2.5 percent for the next several years. The United States generated a revenue of $200 billion in 2015. In the restaurant market share 48.5 percent are covered by full service restaurants, which means that the QRS segment has sales of 51.5 percent and is supposed to grow

The quick serve restaurant industry is a large with 2012 annual revenue of $169.7 billion spread over 190,000 businesses. Globalization of the industry is expected to add $186.2 billion in revenues by 2017. The economy and new health trends caused an average annual contraction of 0.7% across the fast food industry from 2007 to 2012. However, the industry was able to grow by 1.8% and 1.3% in 2010 and 2011.

Yum! brands, Inc, is one of the largest and most popular restaurant chain across the globe. It is based in Louisville Kentucky operating approximately 41000 restaurants in 125 countries and territories of which Taco bell, Pizza Hut, KFC, Long John Silver man and A&W chains are their brands since the spin-off in1997 when those brands were transferred from PepsiCo to Tricon company and later Yum! changed their name from Tricon to Yum in 2002. A&W and Long silver man are no longer subsidiaries of yum since 2011 as Yum focused on their 3 main brands kfc, taco bell and pizza hut and have acquired little sheep and east downing as their new subsidiaries. Yum! Generates revenue mainly from their food products like chicken, pizza and Mexican grilled

Yum! Brands started out as Tricon Global Restaurants in 1997 as the result of a separation from PepsiCo, and became owners of the KFC, Pizza Hut and Taco Bell brand names worldwide. Yum! Brands is now a Fortune 500 company based out of Louisville, Kentucky and the world’s largest restaurant company in the world in terms of system restaurants. With over 37,000 restaurants in over 110 countries, Yum! Brands dominates four sectors of the quick-service food industry: Mexican with the Taco Bell name, chicken with the world famous Kentucky Fried Chicken brand, pizza with the Pizza Hut chain, and seafood with their Long John Silver’s restaurants. Yum! Brands also owns A&W Restaurants, the longest running franchise chain in the

Americans live in an “on the go” type world; with the fastest and newest technology, easy to access internet sites, faster fuel-efficient automobiles, and even a quicker way to pick up a family dinner. Since the nineteen-fifties, companies began developing fast food chains, the first became the famous McDonald's. Currently a fast food restaurant can be found on every corner in a developed city. Every famous drive-thru restaurant was developed by American companies, due to the fact that America is known as the fastest and busiest country in the world. With the current fast-paced country, hard-working Americans cannot find the time to cook or go to the grocery stores. Therefore, Americans tend to prefer buying food from fast food chains because

They have a large market share and have a strong network compared with other fast food restaurants.

The fast food industry has been growing dramatically during the last few years. For this reason, we should try to find out what are the several factors why fast food consumption keeps growing among young people and adults. Therefore, as we have seen, the popularity of fast food is spreading rapidly among many people due to the following three main reasons: good taste, convenient time, and price. Personally, working for a fast food restaurant for a brief moment in my life, I can attest to this. Marketing also plays a big part to more people eating fast food. It’s in our culture in America to expect fast food companies to market and strategize their ways to make us, the consumers, to buy more food and consume more food so they can make more profit. Especially now with commercials and social media. The fast food industry has thrived in the modern era. It’s thriving so much, the industry is growing faster than the U.S economy, at

Over the past five years to 2016, the US chain restaurant industry posted a comfortable annualized growth of 4.3%. The industry generated a revenue stream of US$107.6 billion domestically as of last year and accounted for over 780 businesses in the United States. The chain restaurants industry is currently at its maturity stage of the life cycle, and is coming

The rivalry in the competing seller market involves the number of competitors to increase and become more equal in size and capability. Let’s keep in mind that the pizzas industry is dominate by four companies: Pizza hut, Domino’s, Papa John's and Little Caesars. In 2012, the pizza market for Pizza Hut gained the most market share, capturing 14.68% of pizza sales (Barret, 2012). In 2013, Pizza hut earned 11.65% market value, while Domino's earned 7.60% and Papa John's 4.23% (he, Zha& LI, 2013). Little Caesars dropped 1,000 outlet and $600 million in sales. Papa John's added more than 500 Units and $700 million in sales over the last decade. Some of the rivalry are fast casual restaurants like Chipotle and Panera that decrease the pizza industry market over the last ten years (Barret, 2012). Another competitive rivalry are prices and menu changes. We know that Pizza Hut and Domino’s are the top two in the pizzas industry. However, there store sales has increase once they re-elevate there price menu. Pizza Hut offers pizzas for the low starting at $ 8.00 and $10.00 pizzas any sizes. But want Pizza Hut is doing is attracting more customers and

Obviously, China is a huge market for fast food industry. China’s food industry has a positive growth of over 10% over the previous 18 years