In this week’s food industry news in 2 minutes, we examine a parasite – the New World screwworm – that has the ag industry on edge.
This week’s podcast also touches on how Starbucks is considering bringing the “aperitivo” snacking menu popularized at its European stores to U.S. locations. The move comes as the coffee chain aims to boost its afternoon sales and in-store visits amid a softening domestic performance, reported Business Insider. Full Story
Additionally, Coca-Cola and Constellation Brands are among the companies reporting decreased North American sales due to reduced spending among Hispanic shoppers. The demographic, which accounts for roughly 20% of shoppers, is taking fewer grocery trips and spending less per trip, according to Keurig Dr Pepper CEO Tim Cofer, reported CNBC. Full Story
And, finally, DoorDash acquired Deliveroo for $3.86 billion. The deal will expand the delivery platform’s presence to 40+ countries and its membership to around 50 million active monthly users, reported The Wall Street Journal. Full Story
The FI Fast Break podcast provides the food and beverage industry with a quick-hitting update regarding impactful news. The podcast aims to keep F&B business leaders up to date on news that can help them stay a step ahead of the competition.
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