
Steve Rannekleiv
Global Sector Strategist – Beverages at RaboResearch (Rabobank) in New York, leading the bank's global beverage research team and co-hosting the Liquid Assets and Consumer Foods-to-Go podcasts.
2
APPEARANCES
2
PODCASTS
012
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Sep 4, 2026
North American agribusiness quarterly review, August 2026: Plenty of supply, little room for error
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Al GriffinHOST
To Steve Renicliff, can you please give us an overview of what you're seeing on the consumer's place? Thanks, Al.

Steve RannekleivGUEST
You know, I was asked to give a brief update on the consumer and thought, you know, in the ABR that I do it through the lens of just kind of looking at some of the food service results, the recent quarterly results.

Steve RannekleivGUEST
And broadly speaking, you know, looking at kind of the restaurant performance index and the results from a lot of the food service operators was, We see a picture of a consumer financial health continuing to improve.

Steve RannekleivGUEST
The restaurant performance index has been positive for the last five months.

Steve RannekleivGUEST
You look at the results of a lot of the larger food service chains, they're doing relatively well.

Steve RannekleivGUEST
A lot of that growth that we're seeing is driven by price increases and we've certainly seen that in the bureau of labor statistics data that came out where on you know food away from home inflation is higher than food at home and that's you know the price increases have helped food service operators offset some higher costs and it's been good for margins etc but it does mean that traffic has been a little bit softer uh So it is something for them to watch as they lose some occasions to food retailers.
28 MINS LATER
Consumer Foods-to-Go Wrap! – Wrapping up the food sector for June 2026
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Cyrille FilottHOST
What's the report that you think is worth highlighting to the audience? And I think it links back to something you were talking about.

Steve RannekleivGUEST
So if you know kind of the beverage team, Burkhard, my colleague Burkhard Nessen wrote, a report called the Best Athlete Strategy.

Steve RannekleivGUEST
And it's basically, it links back to all of the disruption that we talked about with kind of the implosion of RNDC, brand owners having to kind of reassess their route to market.

Steve RannekleivGUEST
The two big wholesalers had been expanding their national footprint and attracting suppliers by offering lots of concessions, taking on more and more of the sales and marketing roles.
12 MINS LATER
