Emerging Tech a Hot Topic at Digital Food & Beverage 2023
The recent Digital Food and Beverage conference illustrated that first-party data and AI are fast becoming transformative tech drivers of industry evolution.
Tag: Tyson
COLUMN: For Tyson and JBS, the Problem is Not Just the Cycle
Input costs are up, prices are falling, volumes are down. It’s an unprecedented environment.
The Food Industry’s ‘Unique Vulnerabilities’ to Cyberattacks
Cyberattacks at food companies have sounded alarms throughout the industry, leaving many businesses wondering when they will be attacked.
FI Fast Break audio news: Nov. 16, 2022
The latest FI news podcast updates the push toward automation throughout multiple elements of the food industry.
CPG Companies Eye Plant-Based Market with Different Goals
More major CPG companies are playing in plant-based, flagging the alt-protein category as a potential catalyst for growth. But industrywide, the depth of that value is not easily measured in broad strokes. “When you factor …
Experts Weigh In on 2022 Inflation Outlook
Will Food Companies Follow Cathay Pacific’s Lead on Firing Unvaccinated Crew?
With the FDA granting full approval for Pfizer’s COVID-19 vaccine, and the highly contagious delta variant spreading around the nation, several businesses are mandating that all or some employees provide proof of vaccination. Recently, Cathay …
Update: Nuggets Taking Center Stage Amid Chicken Wars
Eighty-four percent of consumers globally order chicken from a restaurant at least once a month, according to new research by Technomic. The latest chicken product in high demand appears to be nuggets. POPEYES DEBUTS NUGGETS …
FI Fast Break news: June 10, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we break down QSR menu price hikes, alt-meat’s ascent, and the so-called “meme-stock” trend that’s starting to impact restaurant chains. The Food Institute Podcast · …
Family-Owned Corporations and Sustainability: Not Your Typical Changing of the Guard
Today’s corporate leaders have a much different perspective on business than the CEOs of generations past. Gone is the mentality of profits at all costs and a general disdain for anything that cuts into the …
FI Fast Break: June 3, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we break down the JBS cyber attack, Tesla’s reported restaurant plans, and the abrupt departure of Tyson’s CEO. The Food Institute Podcast · FI Fast …
NYC Becoming Epicenter for Growing Vegan Movement
Coming as no surprise, plant-based food is making headlines again. In addition to other news, one of the world’s most renowned restaurants is going entirely vegan. FINE DINING MAKES THE SHIFT Perhaps the biggest plant-based …
Big Meat Buying Up Competition, Expanding into Plant-Based Space
The world’s largest meatpacker is looking to appeal to those who want to eat less meat. Brazil’s JBS will buy Dutch vegetable-based protein company Vivera for $408.1 million, reported Reuters (April 19). Vivera includes a …
Major Meat, Dairy Companies Behind in ESG Efforts, but Making Strides
Most the world’s largest meat and dairy companies haven’t made commitments to achieve net-zero emissions by 2050. Researchers from New York University noted in a recent study that the largest meat and dairy producers are …
Does America Have an Overreliance on Major Meat Companies?
Meat and poultry producers were among America’s hardest hit sectors earlier in the pandemic, impacting production of chicken, beef, and pork at the country’s largest producers. The shortages across the country displayed how reliance on …
Rising Costs Pushing Meat Producer Prices Higher
The world will soon pay more for meat as food inflation deepens. Livestock farmers are getting hit with the highest corn and soybean prices in seven years, raising the cost of feeding their herds by …
Did the Meat Industry Do Enough to Protect Workers from COVID?
About 270 workers have died in meatpacking plants since the COVID-19 pandemic began, and research from the CDC suggests plants at times served as transmitters to spread the virus in surrounding communities. Cold temperatures, cramped …
Protein Producers Reach Agreements to Settle in Legal Battles
Multiple protein producers are agreeing to settle in various legal battles regarding price fixing and anticompetitive activity. TYSON, PILGRIM’S PRIDE Tyson Foods Inc. and Pilgrim’s Pride Corp. both struck agreements on Jan. 11 to help …
Companies Look to Recoup Losses Following Poultry Price-Fixing Charges
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 …
Chicken-Industry Execs Indicted on Price-Fixing Charges
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 …
Are Another Wave of Meat Plant Shutdowns Likely?
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 …
Plant-Based Continues into Mainstream
CPG companies have been expanding their plant-based offerings to compete with brands such as Impossible Foods and Beyond Meat. The Kellogg Co. partnered with Walt Disney Co. to launch Mickey-Mouse shaped Incogmeato chick’n nuggets, reported MarketWatch (Sept. …
Food’s Role in Climate Change Mitigation
The World Wildlife Fund (WWF) and the Zoological Society of London named the food and agriculture industries major factors in climate change mitigation, reported Bloomberg (Sept. 9). Their study, which focuses on biodiversity loss, says expanded …
Manufacturers Need to Adapt to COVID-19 Conditions
The COVID-19 pandemic will continue to affect the manufacturing capabilities of food companies through the end of 2020, but automation, social distancing, and pivoting towards healthier products could provide avenues for future growth. Meatpackers Face …
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China Cracks Down on Food Exports
Food Institute Focus – China Cracks Down on Food Exports