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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
RetailNew York City

This is New York’s top street food vendor

By
John Kell
John Kell
Contributing Writer and author of CIO Intelligence
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By
John Kell
John Kell
Contributing Writer and author of CIO Intelligence
Down Arrow Button Icon
September 14, 2015, 12:58 PM ET
© Clay Williams / http://claywilliamsphoto.com
© Clay Williams / http://claywilliamsphoto.comPhotograph by Clay Williams

A New York gourmet grilled-cheese purveyor has won a key prize: It’s the best street food in the city.

Snowday, which touts a “farm-to-truck experience” with the sale of New York State locally sourced food, won the top Vendy award – a prize that has been awarded annually for the past decade to determine the best in street food. Since 2005, the Vendy Awards, which originated in New York City, have since spread to other destinations, such as Philadelphia and Los Angeles.

Snowday charges $7 for a grilled cheese sandwich, or as much as $10 with extras. It already scooped up a “Rookie of the Year” Vendy Award last year, and has been listed as one of the city’s top food trucks by several media outlets. The company tweets its location via the handle @SnowdayTruck.

The food truck economy generates a lot of headlines, but is a relatively tiny player in the broader restaurant world. Estimates on the industry’s size vary, with sources estimating mobile eateries generate between $650 million to $1 billion annually. That’s enough for just 1% of U.S. restaurant sales. Some observers say food truck operators could generate $2.7 billion in annual sales in just a few years.

Interestingly, food trucks aren’t just relying on mobile locations to generate business. As the National Restaurant Association points out, food truck owners are increasingly opening brick and mortar locations. That mirrors a trend that’s been observed among e-commerce retailers, which are also opening physical locations to generate more sales.

About the Author
By John KellContributing Writer and author of CIO Intelligence

John Kell is a contributing writer for Fortune and author of Fortune’s CIO Intelligence newsletter.

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