Every food manufacturer needs to know what their customers and competitors are doing on an ongoing basis. Business intelligence is vital to a successful business. By becoming a Food Institute Manufacturer Member, you will:
Mars will invest $1 billion to accelerate the progress of its sustainability program. The company will transition away from the traditional commodity approach of sourcing, beginning with 10 key materials, including cocoa, fish, rice and mint. Mars will focus on deepening and expanding industry collaboration and NGO partnerships. Full Story
Sales of General Mills snacks were down 4% last quarter due to a 20% drop in Fiber One bar sales. Cereal sales were up 1%, bolstered by unicorn marshmallow in Lucky Charms and the return of artificial colors and flavors to Trix, reported Minneapolis Star Tribune. Full Story
Tierra Farms moved its corporate office to Valatie, NY, to accommodate the company's growth. Tierra Farms is an organic producer of nuts, seeds, dried fruits, granolas, chocolate and coffee, reported Albany Business Review. Full Story (Subscription Required)
World Peas Brand expects to create more products like Peatos that offer clean-label alternatives to traditional snack brands. The company's chairman and CEO noted snacks similar to Takis or Funyuns made from a base of peas and lentils could be the next product offered by the company, reported The Shelby Report. Full Story
Nestle, Unilever and Coca-Cola are among bidders for GlaxoSmithKline's Indian Horlicks nutrition business, expected to fetch more than $4 billion, according to people familiar with the matter. The main asset is GSK's 72.5% stake in its Indian subsidiary GlaxoSmithKline Consumer Healthcare, which makes products such as the chocolate-flavored malt-based drink Boost, reported Reuters. Full Story
FDA amended food additive regulations for vitamin D3 to replace the current Reference Daily Intake percentage values of calcium in 100% fruit juices and fruit juice drinks with absolute values and to update the reference for vitamin D3 specifications. The agency took the action in response to a food additive petition filed by the Juice Products Association. Full Notice
PureCircle filed a complaint in a U.S. District Court against Sweegen Inc., claiming that Sweegen's Bestevia Reb-M (Rebaudioside M) is infringing on PureCircle's patent for making Reb-M. Sweegen plans to defend and protect its intellectual property position. Full Storyread more
The Food Institute and asset solutions partner Harry Davis & Company are teaming up to deliver a free webinar on June 19 entitled “Understanding Your Assets: Expert Strategies for Food & Beverage Processors.” They will explore what value food manufacturers may be leaving on the facility floor, the basics of asset management, the various scenarios for valuing your assets, and a suite of strategies to maximize your assets’ value.
While Whole Foods is gaining ground in the grocery market, it’s taking longer than expected, as the grocer has to overcome its pricey reputation, among other barriers, before seeing real impact.read more
Grocery apps are some of the fastest-growing in the U.S., according to eMarketer. In 2018, 18 million U.S. adults will use a grocery app at least once a month, up 49.6% over 2017. By 2019, the firm predicts more than one in five adult smartphone e-commerce buyers will use a grocery app to order food.read more
10 Mountainview Road
Upper Saddle River, NJ 07458
Food Institute reps are available to answer your questions
BECOME A MEMBER
For close to 90 years, The Food Institute has been the best "single source" for food industry executives, delivering actionable information daily via email updates, weekly through The Food Institute Report and via a comprehensive web research library. Our information gathering method is not just a "keyword search."