During the 2018 CAGNY conference in Florida, Food Dive spoke with food executives and analysts to gain insight into how CPG companies are positioning their businesses to capture growth and weather rapidly changing consumer tastes.
The following stories discuss how Big Food is using mergers and acquisitions to grow and expand their reach, why manufacturers are prioritizing e-commerce investments and what's on the horizon for major food, beverage and ingredients makers.
Tyson Foods CEO hasn't ruled out acquiring Beyond Meat, other venture investments
While an outright purchase could eventually take place, Tyson is interested in helping nascent companies grow while gaining insight into new and emerging markets. Read More >>
Despite its name, Campbell Soup CEO says it's more than 'a one-trick pony'
In an interview at CAGNY, Denise Morrison said the CPG manufacturer once considered renaming the company to better reflect its breadth of products, which include snacks, organic and fresh foods in demand with consumers. Read More >>
As CPGs struggle, McCormick CEO calls flavor demand a 'tailwind' for company
McCormick's sales are projected to increase 12% to 14% during its current fiscal year — an enviable growth rate in the food and beverage space. Read More >>
Hormel Foods CEO: 'We haven't stopped looking' for acquisitions
Jim Snee, whose firm spent $1.4 billion on three deals in 2017, said the company's M&A targets include businesses that are global, multi-cultural, on-the-go and focused on health. Read More >>
Ingredion CEO: 'Food anywhere' trend is putting pressure on ingredients makers
Jim Zallie said on-the-go consumption habits are pushing companies like his to find ways to maintain product texture, heat and appearance throughout the eating experience. Read More >>
Hungry for growth: Food companies keep M&A on the menu in 2018
At CAGNY, Conagra, Hershey and other leading companies said new acquisitions are a priority, with many looking to deal-making as part of a long-term growth strategy. Read More >>
At CAGNY, Big Food execs prioritizing e-commerce for future growth
General Mills, Mondelez, Coca-Cola and other major brands discussed increased online investments as consumer demand for hyper-efficiency grows. Read More >>