Beverages: Page 37
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Mario Tama via Getty Images
Nearly 80% of food and beverage companies have passed on higher costs to customers, survey finds
According to Mazars' research, 83% of respondents expected sales to increase in 2022, while 54% identified higher shipping costs as their primary concern.
By Christopher Doering • March 14, 2022 -
Courtesy of Chobani
Top Chobani execs leaving as yogurt giant delays IPO, WSJ reports
The company, which may not go public until later this year or in 2023, is losing several key people in its C-suite, including President and COO Peter McGuinness.
By Christopher Doering • March 11, 2022 -
Trendline
Mergers and acquisitions
Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.
By Food Dive staff -
Juan Monino via Getty Images
How food and beverage companies are responding in Russia
Mars, Nestlé, PepsiCo and Danone are just a few of the large CPGs to stop investments, sales, advertising or other activities as the Ukraine invasion continues.
By Food Dive Staff • Updated June 29, 2022 -
Courtesy of Danone
Danone vows 'no sacred cows' as dairy giant prunes portfolio to boost growth
The company said it would improve performance in troubled offerings like Horizon Organic, invest more in winning products like Oikos and reposition the portfolio by selling existing brands and buying new ones.
By Christopher Doering • March 9, 2022 -
Tim Boyle via Getty Images
Coca-Cola and PepsiCo latest CPGs to suspend business in Russia
The soda giants join Kellogg, Kraft Heinz and others in ending or meaningfully scaling back operations in the country amid pressure from consumers and investors.
By Christopher Doering • March 9, 2022 -
Permission granted by Nestle
Nestlé to build $675M beverage factory in Arizona, creating more than 350 jobs
The plant will produce creamers, including its Coffee mate, Coffee mate natural bliss and Starbucks brands, with the capacity to add other offerings.
By Christopher Doering • March 9, 2022 -
Courtesy of PepsiCo
ColumnLeftovers: Gatorade Fit offers hydration without added sugar; Impossible creates endangered species-shaped nuggets
PepsiCo adds a more natural option to the leading sports drink line, and Sovos Brands brings Birch Benders into the cookie category.
By Food Dive staff • March 4, 2022 -
Permission granted by Ingredion
Disruption has drawn ingredient suppliers and food manufacturers closer, Ingredion CEO says
Jim Zallie said reduced R&D budgets, changing consumer tastes and an urgency to get products to market faster has created "more intimate relationships" between the two sides.
By Christopher Doering • March 3, 2022 -
Retrieved from Lifeway Foods.
Lifeway Foods in turmoil as family members push company to oust CEO, explore 'strategic alternatives'
The outcome could hinge on the opinion of dairy giant Danone, which owns 22.4% of the kefir maker's stock, making it the single-largest shareholder.
By Christopher Doering • March 1, 2022 -
Permission granted by Hain Celestial
Tea gets a wellness boost as Hain, Twinings aim to wake up the category
While sales in the segment have been largely flat to down in recent years, more consumers are turning to offerings with attributes like probiotics, relaxation, energy and immune support.
By Christopher Doering • March 1, 2022 -
Courtesy of Molson Coors
Coors Light to begin global shift from 6-pack plastic rings in 2022
Molson Coors will spend $85 million to start the transition to cardboard-wrap carriers for the brew while upgrading machinery so its entire North American portfolio can use the material by the end of 2025.
By Christopher Doering • March 1, 2022 -
Courtesy of Diageo
Diageo launches regenerative agriculture pilot for Guinness production
The company will implement carbon sequestration practices on its barley farms in Ireland as part of a three-year program.
By Chris Casey • Feb. 28, 2022 -
Photo by Canva Studio from Pexels
PepsiCo, Coca-Cola prioritize diversity with latest moves
The parent company of Frito-Lay launched a business unit to support diverse partners and suppliers, while the Atlanta-based beverage giant said it will tie executives' annual incentive to reaching its DEI goals.
By Chris Casey • Feb. 24, 2022 -
Courtesy of betterland foods
Animal-free betterland milk to launch, powered by Perfect Day proteins
The new CPG company will have the first retail variety of the dairy staple that does not come from cows.
By Megan Poinski • Feb. 24, 2022 -
Permission granted by The Coca-Cola Company
Coke lifts off new innovation platform with 'space-flavored' Starlight cola
The beverage, the first from the company's experimental flavor platform, has a cooling taste profile meant to evoke exploring the cosmos and comes in astronomy-themed packaging.
By Peter Adams • Feb. 22, 2022 -
Christopher doering/Food Dive
Deep DiveOnce an afterthought, brand licensing reaps billions for CPGs hungry for growth
Hershey, Conagra and Post are a few companies using the strategy to expand their business, build equity and keep products relevant.
By Christopher Doering • Feb. 22, 2022 -
Courtesy of Ben & Jerry's
ColumnLeftovers: Ben & Jerry's makes edible cookie dough snackable; Kellogg's Kashi marries up nostalgia with nutrition
The Unilever brand puts its popular ice cream mix-ins into refrigerated pouches, and Jones Soda chills out with its latest Icee-inspired flavors.
By Food Dive staff • Feb. 18, 2022 -
Courtesy of Hostess Brands
Hostess gives Donettes doughnuts a jolt with addition of caffeine
The sweet snack, which is three times bigger than the average mini Donettes, contains nearly the same amount of the stimulant as one cup of coffee.
By Christopher Doering • Feb. 18, 2022 -
Courtesy of Nestlé
Nestlé's Outshine expands from frozen fruit bars to shelf-stable smoothie pouches
The third-highest-selling frozen novelty, with an estimated $480 million in annual sales, has thrived with consumers because of its single-serve delivery and better-for-you mantra.
By Christopher Doering • Feb. 16, 2022 -
Courtesy of J.M. Smucker Co.
Inside Folgers' plan to swap its fusty reputation for punk-rock rebelliousness
A new ad campaign is drawing out the unsung New Orleans roots for the J.M. Smucker coffee brand and focusing on a craft story millennials care about.
By Peter Adams • Feb. 15, 2022 -
Courtesy of Endless West
Molecular spirit maker Endless West raises $60M for tech scale-up
The funding will go toward expanding the company's Blank Collective B2B manufacturing platform in the U.S. and overseas, while increasing production up to 20-fold.
By Samantha Oller • Feb. 11, 2022 -
Christopher Doering/Food Dive
Beer industry scrutinized by Treasury Department following wave of consolidation
In a new report, the department said the DOJ and FTC should examine the way they review mergers in the sector while paying "particular skepticism to claims of efficiencies" in assessing future deals.
By Christopher Doering • Feb. 10, 2022 -
Permission granted by Boston Beer
Alcohol makers look to Finland's national drink in search of the next hard seltzer
Long drink, born at the 1952 Olympics in Helsinki, has only been in the U.S. for a few years but it is attracting the attention of companies eager to offer American consumers more variety.
By Christopher Doering • Feb. 9, 2022 -
Courtesy of Orgain
Nestlé to buy majority stake in protein powder maker Orgain
The deal accelerates the CPG giant's push to grow its health and wellness business while selling parts of its slower-growing food and beverage division.
By Christopher Doering • Feb. 3, 2022 -
Courtesy of Waterdrop
'Microdrink' maker Waterdrop raises $70M
The Austrian company, whose flavor cubes are designed to dissolve in tap water, also launched a "smart cap" that purifies with UVC light.
By Chris Casey • Feb. 2, 2022
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