Author: Victoria Campisi > Page 3

Why the EPA is Banning a Common Pesticide  

The U.S. Environmental Protection Agency (EPA) will stop the use of chlorpyrifos, one of the most common pesticides, according to a news release. The move is intended to better protect human health, particularly of children …

Update: Major Food Companies Ramping up ESG Efforts

With ESG topics becoming increasingly important to consumers, food companies are noticeably increasing their efforts. Below are a few recent examples of new ESG initiatives in the industry. MCCORMICK ADVANCES SUSTAINABILITY STANDARD McCormick & Company …

Next-Generation Vending Machines Serve Up Profits

Vending machines are no longer just for snacks and drinks. Today’s “next-generation” vending machines can serve up fresh salads and hot pizza in a matter of minutes. With that, Technavio predicts that the intelligent vending …

Big Soda Departs from the Juice Market

PepsiCo has announced plans to sell Tropicana, Naked, and other juice brands across North America to private equity firm PAI Partners for about $3.3 billion. The soda giant is just the latest such company to …

Update: Nuggets Taking Center Stage Amid Chicken Wars

Eighty-four percent of consumers globally order chicken from a restaurant at least once a month, according to new research by Technomic. The latest chicken product in high demand appears to be nuggets. POPEYES DEBUTS NUGGETS …

Frito-Lay Strike Shines Light on Factory Working Conditions

After nearly three weeks, the Frito-Lay worker strike has ended in Kansas. Employees in Topeka, Kansas have ratified a revised contract addressing what union leaders previously described as a diminished quality of life due to …

Uber Eats Makes Significant Inroads with Food Retailers

Consumers in over 400 cities can now have their groceries delivered by Uber. The company’s Uber Eats division recently partnered with 1,200 Albertsons-owned stores, as well as 25 Costco locations across Texas—marking Uber’s first pilot …

EARNINGS UPDATE: Coca-Cola Reports Strong Second Quarter Results

Coca-Cola Co. released its second quarter earnings this week—and sales rebounded faster than expected. HIGHLIGHTS: Net Revenues grew 42% Organic Revenues (Non-GAAP) grew 37% Operating Income grew 52% Operating Margin was 29.8% versus 27.7% in …

Analysts: Restaurant Customers Seeking Plant-Based Innovation

There’s no denying plant-based food has had a big year. However, the pandemic’s full impact on plant-based momentum in restaurants remains unclear. While the gears of product development are starting to turn again, some major brands have …

UPDATE: Major Ingredient Shortage Impacting Multiple QSRs

Taco Bell is the latest restaurant chain to be hit by significant ingredient shortages. “Sorry if we can’t feed your current crave,” reads an orange banner atop the fast-food chain’s website. “Due to national ingredient …

Growth of Functional Beverage Market Signals Shift Towards Health

Global research firm Mintel predicts strong growth in the functional beverage market as consumers seek out products that enhance their mental and emotional well-being, reported Supermarket News (July 9). WHAT IS DRIVING DEMAND? The Food Institute …

Conagra Latest CPG Brand to Increase Prices

With the Consumer Price Index rising 0.9% in June, food brands are raising prices to keep up with inflation. The latest major company to follow suit is Conagra. Conagra recently cut its fiscal 2022 outlook …

Plant-Based Investments Heating Up

Investments into the plant-based meat industry have risen rapidly of late, with the industry raising over $1.4 billion in 2020 alone, according to a report from IDTechEx. The industry is optimistic that these trends will continue into …

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2021 Food Labeling Summit

CPI Sees Largest One-Month Change Since 2008

The Consumer Price Index for All Urban Consumers increased 0.9 percent in June on a seasonally adjusted basis after rising 0.6 percent in May, the U.S. Bureau of Labor Statistics reported today. This was the …

Little Caesars Launches Plant-Based Pepperoni Pizzas

The latest plant-based foodservice offering? Planteroni Pizza from Little Caesars. The pizza chain is now offering pizza made with Field Roast’s Plant-Based Pepperoni at many of its stores across the U.S., making it the first …

How Food Businesses are Fighting Inflation

The Federal Reserve raised its median forecast for inflation this year, projecting consumer prices will rise 3.4% in the fourth quarter compared to a year prior. Since the pandemic began, grocery bills have gone up 8%-9% …

Food Costs Ease Following Decade-High Surge

Global food prices recently fell for the first time in a year, potentially offering some relief for consumers and easing inflationary pressures. COSTS DROP 2.5% A United Nations gauge of food costs dropped 2.5% in …

Equity Markets Update: Chobani Files for IPO

The latest food company to ride the IPO wave is Chobani. The company announced early Wednesday that it has filed for a confidential draft registration statement for a proposed IPO with the Securities and Exchange …

Spurred by Innovation, Beverage Market Making Waves in 2021

U.S. beverage demand is forecast to increase 2.9% yearly in nominal terms through 2025, as income rises and the population grows, according to Beverages: United States, a report by Freedonia Focus Reports. Here’s a look at which …

EARNINGS UPDATE: General Mills, Constellation Brands

General Mills and Constellation Brands both reported earnings today. Here’s a closer look at highlights from both reports: GENERAL MILLS Fourth Quarter 2021 Highlights Net sales declined 10 % to $4.5 billion and organic net …