Food companies are showing their appreciation for employees in several ways as 2020 comes to a close. Chipotle has paid out over $40 million in bonuses and assistance pay to employees during COVID-19, reported QSR …
The pet food industry has grown sales throughout the pandemic, with pet adoption and pet gifts on the rise as well, reported MarketWatch (Dec. 17). Pet food helped boost sales at General Mills during its …
With limited quantities of the COVID-19 vaccine available, many groups a seeking priority for their employees—including the food industry. Administration of the vaccine began on Dec. 14 in the U.S. with early doses being set …
After missing analyst forecasts in its fourth quarter earnings report, Post Holdings has made acquisitions to diversify its portfolio. The company reported net sales of $1.4 billion—a decrease of 2.2% over the last year and …
Despite its unassuming appearance and a flavor described sometimes as subtle or muted, the avocado’s growth in popularity has been quite an attention grabber. Whether it’s the fruit’s superfood status, the rise of guacamole as …
Three leading meat-industry trade groups are asking U.S. governors to prioritize COVID-19 vaccine access for meat workers, reported Winsight Grocery Business (Dec. 9). The North American Meat Institute, the National Cattlemen’s Beef Association, and the …
China has started buying U.S. supplies of soybeans from next year’s crop much earlier than usual, reported Bloomberg (Dec. 7). The world’s top importer is loading up on U.S. crops, including corn and soybeans, to …
Chick-fil-A filed a federal lawsuit accusing 16 poultry suppliers of inflating prices on billions of dollars of chicken that it bought, reported The New York Times (Nov. 6). The suit accuses the producers of violating …
Amazing breakthroughs in the world of food are becoming available to consumers daily. While plant-based food innovation is ramping up, another area gathering steam is cell-cultured meat production in labs. The Food and Agriculture Organization …
Several major food companies have recently announced new better-for-the-planet initiatives. Nestle Nestle will invest $3.6 billion over the next five years in an effort to fight climate change and plans to halve its carbon emissions …
One trend to look out for in 2021 is the rise of global cuisines. With consumers mostly stuck at home, many foodies will look to get their travel fix at home through international flavors. “With …
Tofurky sales are up 32% in 2020, representing its best Thanksgiving bump since 2017, according to Nielsen data. While the company is now 40 years old, it remains smaller than other players in the plant-based …
McCormick will buy hot sauce maker Cholula for $800 million, reported CNBC (Nov. 24). The company, which already owns the Frank’s RedHot and Old Bay hot sauce brands, reported an 8% sales increase its latest …
Despite rising coronavirus cases across the country, hazard pay for retail workers is not keeping pace. Industry observers say many retailers are not sharing enough of the profits they have earned during the pandemic with …
Although overall food prices are on the rise, the average cost of a Thanksgiving dinner is down 4%, according to the American Farm Bureau Federation’s annual cost survey of classic items found on the Thanksgiving …
Mars’ acquisition of the KIND brand is more than the latest or the largest strategic acquisition by a large food company. In this acquisition, the real “news” is the lessons its 16-year development contains for …
Mars Inc. has agreed to acquire KIND North America. The companies have partnered over the last three years to bring KIND into new geographies and categories. As a result, KIND has expanded into more than …
Nearly a quarter of the U.S. population are trying new plant-based meat alternatives, according to a study from Herbalife Nutrition. Since the pandemic, buying spree sales of plant-based foods are up 35% as more Americans …
The COVID-19 pandemic has turned the world upside down, but that hasn’t stopped the global consumption of roughly 2.25 billion cups of coffee per day. What has certainly changed during this 2020 crisis is how …
The CDC suggested Americans who are hosting Thanksgiving dinners have their meals outside to help stop the spread of the coronavirus. Hosts should limit the number of guests they invite, talk to guests before they …
Beyond Meat shares plummeted 22% in after-hours trading following the release of the company’s third quarter results, reported Yakima Herald Republic (Nov. 9). The company noted U.S. retail sales of Beyond Meat slowed in the …
Former Vice President Joe Biden became the U.S. President-elect on Nov. 7, leaving some farmers with concerns about the future. U.S. farmers are worried that Joe Biden’s election as president will result in stricter environmental …
There is a spice boom occuring as more consumers are cooking at home. But as demand steadily increases, spice companies say access to packaging is becoming a challenge, reported Seattle Times (Nov. 3). In July, …
In 2020 election referendums, voters approved two milestone initiatives that amount to a win and loss for food-industry companies in two states. California workers with app-based ride-hailing and delivery services will remain independent contractors after …
China accepted its first-ever commercial container of U.S. rice in history, creating cautious optimism with rice growers across the U.S., reported Western Farm Press (Nov. 3). The shipment was received as Chinese buyers await the …
Industry heavyweights are taking ownership of the startups they invested in. Nestle has gone from stakeholder to full ownership of Freshly, a company that delivers fresh, chef-cooked meals to customers on a weekly basis. The …
Companies in various sectors of the food industry reported positive quarterly results. Foodservice Starbucks expects to recover and return to growth in 2021 after a fourth quarter where its same-store sales in the Americas declined …
Financial strains caused by the pandemic are the main source of worry concerning grocery prices, according to dunnhumby’s latest Consumer Pulse Survey. Forty-nine percent of respondents said their personal finances were poor—a 20% increase since …
The U.S. economy grew at a record pace in the third quarter, reported The Wall Street Journal (Oct. 29). It increased 7.4% over the prior quarter and at a 33.1% annual rate—recovering about two-thirds of …
YouTube kid influencers are marketing junk food from McDonald’s, Coke, and others to children, reported MarketWatch (Oct. 27). In a study published in the journal Pediatrics, researchers analyzed 418 YouTube videos from the five most-watched …
Commodities, such as cheese and lemons, are still facing issues caused by the coronavirus pandemic. Cheese The U.S. cheese industry is reeling after months the pandemic causing upheaval in prices and demand, reported The Wall …
Several major food companies have recently made headlines with sustainability-forward initiatives. Chipotle With the debut of Real Foodprint, Chipotle Mexican Grill becomes the first brand to provide detailed sustainability impact data about its ingredients for …
Nothing has been more impactful in 2020 than how the COVID-19 pandemic has altered the way people view their lifestyles. Consumers are becoming increasingly more cognizant of the importance of health and well-being for themselves …
Several major food companies recently reported earnings, beating analyst expectations. Chipotle Quarterly same-store sales growth was more than 8% at Chipotle Mexican Grill, with digital sales more than tripling, reported CNBC (Oct. 21). However, a shift to delivery …
Impossible Foods will use the $700 million it raised in 2020 to double its research and development team to focus on plant-based milk, steak, bacon, and fish products, reported The Washington Post (Oct. 21). The …
Six out of 10 global consumers are increasingly looking for food and beverage products that support their immune health, with one in three saying that concerns about immune health increased in 2020 over 2019, according …
