Corporate
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Retrieved from Bang Energy.
Bang Energy sues PepsiCo, citing 'gross misconduct' and intimidation
The energy drinks maker said the beverage giant is "threatening lawsuits" against Walmart and other retailers who fail to purchase Bang from it. PepsiCo said it remains committed to honoring the distribution deal.
By Christopher Doering • Dec. 01, 2020 -
Retrieved from Pixabay.
OpinionCPGs still struggle to measure environmental progress, but there's a solution
Guidelines are currently voluntary, unenforceable and serve as mechanisms that appear to make the problem go away without actually solving it, writes Kearney's Adheer Bahulkar and Henrique Gonda.
By Adheer Bahulkar and Henrique Gonda • Nov. 30, 2020 -
Trendline
Better-for-you
The better-for-you trend has made its way into nearly ever facet of the food and beverage space, with the coronavirus pandemic prompting consumers to pay even more attention to what they put in their bodies.
By Food Dive staff -
Courtesy of Beyond Meat
Beyond Meat offers a Cyber Monday DTC deal
Consumers that order plant-based meat from the company's recently launched e-commerce platform will receive 20% off.
By Megan Poinski • Nov. 25, 2020 -
Courtesy of Mondelez
Mondelez may close 2 bakery plants in 2021
The Oreo maker said the facilities in Atlanta and Fair Lawn, New Jersey, are in need of repair and no longer geographically strategic.
By Jessi Devenyns • Nov. 25, 2020 -
Diageo
Diageo's growth plans: More premium brands and diversity in leadership
The alcohol maker's CEO told CNBC consumers are drinking "better, not more," and the company's 10-year plan focuses on promoting moderation in drinking and achieving net-zero carbon emissions.
By Jessi Devenyns • Nov. 24, 2020 -
Retrieved from Cholula on November 24, 2020
McCormick buys hot sauce maker Cholula for $800M
The purchase further expands the spice and seasoning company's reach into condiments, tapping into increased food consumption at home and consumer demand for flavor.
By Christopher Doering • Nov. 24, 2020 -
Deep Dive
'It's our Super Bowl': How food manufacturers are preparing for an unorthodox holiday season
The pandemic has upended how consumers plan to celebrate, prompting CPG companies to reduce product sizes, tout offerings for novice cooks and shift more resources online.
By Christopher Doering • Nov. 23, 2020 -
Danone
Danone to cut up to 2,000 jobs as it tries to save nearly $1.2B
CEO Emmanuel Faber says the company needs to "reinvent" itself as it gets hit hard by restaurant closures, a reduction of SKUs offered by retailers and a drop in birth rates that curtails formula consumption.
By Christopher Doering • Nov. 23, 2020 -
Permission granted by Pepsi
ColumnLeftovers: Pepsi bottles apple pie; Busch literally goes to the dogs
The soda giant is introducing the limited-edition dessert flavored cola in a Thanksgiving sweepstakes, and Mondelez invites fans to personalize their Oreos.
By Food Dive staff • Nov. 20, 2020 -
$8.37B invested in food tech in first 3 quarters outpaces all of 2019, report says
Late stage startups represented 78% of the capital, with Impossible Foods, Memphis Meats, LiveKindly and Perfect Day representing some of the largest deals in 2020.
By Jessi Devenyns • Nov. 19, 2020 -
Permission granted by Tyson Foods
Tyson suspends managers after accusation of betting on workers getting COVID-19
After the issue was raised in a lawsuit filed by the family of a worker in Iowa who died of coronavirus, the company will conduct an independent investigation led by former Attorney General Eric Holder.
By Lillianna Byington • Nov. 19, 2020 -
Courtesy of Barry Callebaut
Barry Callebaut debuts high performance and sustainable chocolate line
The products, which are hitting the market in time for the holiday season, are made for North American consumers' palates.
By Megan Poinski • Nov. 19, 2020 -
Courtesy of Tofurky
Deep DiveTalking Tofurky: How its mission and fun approach made a quirky company a plant-based leader
While the 25-year-old family-owned company may be named after its Thanksgiving roast, a diverse array of products and leadership have helped establish the now-trendy segment.
By Megan Poinski • Nov. 19, 2020 -
Courtesy of SunOpta
SunOpta sells global ingredients division for $390M
The company plans to use the money it receives from the deal to expand its plant-based food and beverage offerings as well as to pay down debt.
By Jessi Devenyns • Nov. 19, 2020 -
Courtesy of Cargill
Cargill upstart predicts $1B in sales as demand for healthy ingredients surge
Cargill Health Technologies was launched by the agricultural giant to expand the understanding of gut and digestive health and their connection to the body's immune system.
By Christopher Doering • Nov. 19, 2020 -
eldinhoid via Getty Images
OpinionThe holiday CPG challenge: Convince consumers not to trade down
Even though shoppers may be looking to save money on this year's festive feasts, there are ways to get them to buy brand-name products. Meghan Howard of Chicory offers several suggestions.
By Meghan Howard • Nov. 18, 2020 -
Unilever sets $1.2B sales goal for plant-based products
Executives said they plan to reach this target by introducing meat- and dairy-free varieties of current products as well as by rolling out new brands.
By Megan Poinski • Nov. 18, 2020 -
Retrieved from USDA photo by Preston Keres via Flikr.
Deep DiveOSHA comes under fire for 'paltry' fines and lax guidance to meat plants
While critics call the citations "less than a slap on the wrist," companies including Smithfield and JBS have denounced the fines, saying they followed the agency's recommendations for the pandemic once they were available.
By Lillianna Byington • Nov. 17, 2020 -
PepsiCo 'fired' from exclusive distribution deal with Bang Energy
The beverage giant says it will continue distributing the energy drink even after Bang's CEO cited "multiple issues and concerns regarding PepsiCo’s performance" since the two partnered in April.
By Christopher Doering • UPDATED: Nov. 17, 2020 at 5:58 p.m. -
Kind
Mars buys Kind North America
The acquisition comes three years after the privately held food and confectionery giant first took a stake in the company known for its natural snack bars. Terms of the deal were not disclosed.
By Megan Poinski • UPDATED: Nov. 17, 2020 at 1:18 p.m. -
Permission granted by Mondelez International
Mondelez ties marketing to internal diversity efforts with 'humaning' approach
Aligning its internal and external strategies around consumers and purpose, the CPG plans to move beyond "cautious" data-driven tactics — even as it puts a premium on first-party data.
By Chris Kelly • Nov. 17, 2020 -
B&G Foods
B&G Foods CEO Kenneth Romanzi abruptly steps down
The maker of Green Giant and Ortega said he is resigning to "pursue personal interests." David Wenner, who previously led the company, has been named interim CEO.
By Lillianna Byington • Nov. 16, 2020 -
Courtesy of Oatly
How Oatly accelerated growth during the pandemic
In a year of adversity, oat milk is on top, with dollar sales up 212% above last year. The company's North America President Mike Messersmith explains why the beverage is booming and shares its expansion plans.
By Megan Poinski • Nov. 16, 2020 -
Permission granted by Beyond Meat
Beyond Meat to launch tastier and healthier varieties in 2021
Rather than simply introducing a reformulation, the plant-based food company is touting two variations that appeal to different consumer preferences.
By Megan Poinski • Nov. 16, 2020 -
Christopher Doering
Home food consumption to fall in 2021 as normal spending patterns return: Moody's
Still, the firm added that "residual benefits from the pandemic ... will support solid earnings growth for 2022 and beyond," with large food makers as the biggest beneficiaries.
By Christopher Doering • Nov. 13, 2020
