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 …
Many restaurants may be waiting until COVID-19 uncertainty fades to declare bankruptcy as there is a lack of interest in turning some chains around in the current business climate, reported Forbes (Oct. 20). There were …
Albertsons Companies introduced Albertsons Pay, a new zero-touch checkout experience. Available through its updated just for U loyalty app, it offers shoppers with a secure and contact-free way to pay, use discounts, and earn rewards. The new technology is …
Grocers and suppliers feel more prepared for a second surge of COVID-19, reported The Boston Globe (Oct. 19). Most grocers and wholesalers began stockpiling items that were popular during the first wave of shutdowns. Some …
While diversity in leadership roles in the food industry has historically been lacking, companies today are making the business case for inclusion and upping their commitment to advance racial equality. For instance, the Multicultural Foodservice …
Many companies in the food industry are continuing their quest to refresh their images during the coronavirus pandemic. Bumble Bee Seafoods and Nutrisystem are the two latest examples. The 120-year-old Bumble Bee is trying to …
Americans are currently drinking so many things out of aluminum cans that it’s causing a shortage. Ball Corp., the world’s largest manufacturer of metal beverage containers, even told investors this past week that the U.S. …
An insider says Nestlé SA will sell some of its American water brands, which include Pure Life, Poland Spring, and Deer Park, reported Reuters (Oct. 15). The brands being sold, which also include Deer Park, …
Vertical farming company Plenty Unlimited Inc. attracted $140 million in a Series D financing round that included existing investor SoftBank Group Corp., as well as berry producer Driscoll’s, reported Bloomberg (Oct. 14). The new raise …
Although plant-based beef is usually in the spotlight, meatless chicken is now taking center stage. Jack in the Box unveiled the Unchicken Sandwich, its first plant-based offering, reported Forbes (Oct. 15). It will be tested …
The plant-based trend isn’t going away anytime soon as more vegan-friendly companies are raising significant capital from investors. The LIVEKINDLY Collective, a global multi-brand plant-based food company, raised $135 million in capital in a round …
In wake of the pandemic, foodservice is continuing to adapt in unique ways to survive. UK-based Pret A Manger has struggled during the pandemic without the commuter crowd. In August, weekly sales in Britain were …
Amazon issued a warrant to purchase up to 5.4 million shares in SpartanNash, according to a filing with SEC, reported The Motley Fool (Oct. 9). The warrant has been issued specifically to Amazon.com NV Investment …
National chains are growing while locally owned restaurants suffer in the pandemic, reported The Wall Street Journal (Oct. 12). Large chains have more flexibility both when it comes to moving money and locations around and …
Artificial Intelligence (AI) is turning the world upside down as technology is advancing in leaps and bounds during these turbulent times. And AI is ever present among many areas of the food industry. Firmenich, one …
The Nobel Committee awarded the UN’s World Food Programme (WFP) the 2020 Nobel Peace Prize, reported Bloomberg (Oct. 9). The organization is being honored “for its contribution to bettering conditions for peace in conflict-affected areas …
Several retailers have been working on re-strategizing their operations recently. Dollar General is looking to attract more high-income shoppers, reported The Wall Street Journal (Oct. 8). The company is planning to open a new brand …
Six current and former chicken-industry executives were indicted on price-fixing charges, according to a release from the Department of Justice (DOJ). A federal grand jury in the U.S. District Court in Denver, CO, returned a …
California wildfires mean Napa area wine producers are losing stored wine and warehouses, reported The New York Times (Oct. 5). Damage to vineyards has been less severe in the fires in the last weekend of …
Although much of the grocery industry is prospering, trips to Whole Foods in September were down 25% from a year earlier, according to Placer.ai, reported Bloomberg (Oct. 7). Some of the decline is due to …
Some restaurants are enforcing time limits to keep the numbers of visitors up during COVID-19 restrictions, reported The Wall Street Journal (Oct. 5). Two hours or 90 minutes are the preferred time limits. The idea …
Another wave of coronavirus-driven closures of meatpacking facilities is unlikely, according to Andre Nogueira, CEO of JBS USA Holdings Inc., reported The Wall Street Journal (Oct. 5). Nogueira noted that worker testing and safety practices …
Innovation will drive business growth in the new normal, according to Nielsen. Nielsen recently released its 2020 U.S. BASES Top 25 Breakthough Innovations List which includes several food and beverage products. Trending themes among the …
Coca-Cola is discontinuing its Zico coconut water brands, reported The Wall Street Journal (Oct. 4). The decision to halt production of the drink by the end of the year “comes at a time when [the …
Several CPG brands recently released quarterly earnings, displaying high demand for snacks and ingredients as consumers cook at home. PepsiCo Quarterly sales for PepsiCo grew by more than 5%, fueled by higher sales of …
Walmart sold a majority stake in Asda to a consortium that includes brothers Zuber and Mohsin Issa and the private equity firm TDR Capital in a deal that values the supermarket chain at about $8.8 …
Following the murder of George Floyd on May 25 and months of Black Lives Matter protests, many businesses have gone beyond simple statements of support to actual promises to change the way they operate, reported …
After six months, indoor dining reopened in New York City at 25% capacity, despite concerns about both spread of the virus and severe operating margins, reported The New York Times (Oct. 1). “It’s crucial, of …
The U.S. is allowing UK beef on market for the first time in over 20 years, reported BBC (Sept. 30). The initial ban was imposed in 1996 when British cattle were infected with Mad Cow …
Although shoppers have been primarily driven to make grocery purchases based on health and safety concerns during the pandemic, a second layer of consumption behavior has been emerging from those experiencing financial restraint, according to …
A federal committee working on a revision of U.S. dietary guidelines recommends cutting sugar consumption, reported The Wall Street Journal (Sept. 28). The committee suggests Americans limit their consumption of added sugars to 6% of …
Consumer packaged goods (CPG) companies, such as Mondelez and Nestlé, are finding new opportunities to stay competitive and succeed during the pandemic. Mondelez Mondelez International has been successful in direct-store delivery (DSD)—a logistics fulfillment system …
USDA will run a $1 million research project on how COVID-19 may be transmitted through the beef supply chain, reported Reuters (Sept. 25). The two-year project, which begins in October, aims to reduce the risk …
Grocers are stocking up to prepare for a possible surge in sales amid a second wave of the COVID-19 pandemic, as well as the holiday rush, reported The Wall Street Journal (Sept. 27). Food companies …
Several crops are suffering from the effects of severe weather over the last month or so. Rice Arkansas’ rice harvest is off to a slow start because of weather not conductive to drying grain and …
