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The U.S. Access to Nutrition Spotlight Index claims the ten largest food and beverage manufacturers lack comprehensive strategies, policies and actions to effectively address the high levels of obesity and diet-related diseases in the U.S. Thirty percent of the products analyzed by the index can be classified as healthy according to independent nutrition criteria, and 14% of the products met nutrition criteria for marketing to children. The index notes nutrition strategies should include improvement in product innovation and reformulation; affordability and accessibility of healthy products; nutrition labeling; and consumer education. Full Story
TorQuest Partners acquired Bartek Ingredients Inc., a specialty products manufacturer specializing in malic acid, fumaric acid, and maleic anhydride for food and beverage, among other applications. Bartek intends to expand its capacity and capabilities under its new owner. Full Story
Tesco and the World Wildlife Fund are collaborating on a sustainable food effort, pledging to establish a measure to halve the environmental impact on the average UK shopping basket within 12 months. They hope the four-year partnership's scale will help drive the industry to eliminate food waste and packaging waste, while encouraging customers to eat more sustainably, reported The Guardian. Full Story
Kenya's Twiga Foods raised $10 million from investors, led by the International Finance Corp., to add processed food and fast moving consumer goods to its product line-up. The startup built a B2B platform to improve the supply chain from farmers to markets. Twiga Foods aims to scale additional merchandise on its digital network that coordinates pricing, payment, quality control, and logistics across sellers and vendors, reported TechCrunch. Full Story
Jennie-O Turkey Store Sales LLC voluntarily recalled about 91,000-lbs. of raw ground turkey products that may be linked to an outbreak of salmonella. The recall covers four product types that were shipped to retailers nationwide. Full Storyread more
Upper Saddle River, NJ (October 17, 2018) – As we come upon the one year mark from the January 1, 2020 updated Nutrition Facts labeling deadline, and as consumers become more interested in label transparency and company trust, it is more important than ever for food industry executives to make sure their company is labeling their products correctly.
Sales for Kellogg’s U.S. morning foods unit declined 1.3% in its fiscal third quarter, reported CNBC (Oct. 31). Despite the decline, company officials see improvements on the horizon.read more
Food continues to be teens’ top spending category, remaining at its 24% peak, according Piper Jaffray Companies’ semi-annual Taking Stock With Teens survey. Chick-fil-A is the No. 1 restaurant among the age group, followed By Starbucks, which remains the only publicly traded brand with double-digit mindshare,.read more
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