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Product launches in July so far include new menu items, better for you snacks and infused beverages. Notable items include PepsiCo's bubly minis and Optimum Nutrition's On Protein Ridges, as well as edible dishware to come. Food Institute Focus
The Fish Guys Inc. will open a new processing plant in August to better customize meat cuts for its restaurant and retail customers. The company invested more than $1 million in a 16,000-sq. ft. meat processing plant in Northfield, MN, to handle demand for meat products, reported Minneapolis Star Tribune. Full Story'
PepsiCo will acquire Pioneer Foods for $1.7 billion to expand in sub-Saharan Africa. South Africa-based Pioneer produces cereals, juices and African nutritional food staples, exporting to more than 80 countries. PepsiCo expects the acquisition to provide a pathway for expansion in the region by boosting the company's manufacturing and go-to-market capabilities, enabling scale and distribution. Full Story
Plant-based meat producer Fazenda Futuro plans to accelerate its product capacity from 150 tons per month to 550 tons within 18 months after receiving its first round of investments. Monashees and investment firm Go4it Capital acquired an 8.5% stake in Brazil-based Fazenda for $8.5 million, reported Reuters. Full Story
Costa Rica will ban the import and sale of polystyrene due to environmental concerns. The law comes into effect in 2021, the same year the country plans to become the first plastic-free and carbon-free country in the world, reported The Independent. Full Storyread more
As you shop this summer for groceries, you likely will interact with one or more of the 362,000 young people who are learning important job skills while earning money at our members’ stores. For many of these young employees, this first job opportunity will serve as a steppingstone for a future career in grocery, retail, sales – or even a different industry – but those who have the chance to take advantage of these...
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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."