Corporate Operations: Page 86
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Courtesy of Nestlé
Nestlé debuts bonbon-like refrigerated snack as an afternoon pick-me-up
The new offering fills an unmet need in the nut butter category for consumers looking for a fresher, less sugar-intensive way to indulge, a company executive said.
By Christopher Doering • Oct. 20, 2021 -
Catherine Douglas Moran/Food Dive
By the numbers: Plant-based food sales and prices
The trendy segment is selling fast and growing at a quicker rate than traditional products. Data from SPINS details these increases and shows how close some categories are to reaching price parity.
By Megan Poinski • Oct. 19, 2021 -
Explore the Trendline➔
Getty Images
TrendlineHow GLP-1s are shaking up snacking
Food companies, including Danone and Nestlé, are adding more protein and changing portion sizes as weight loss medications reshape consumption patterns.
By Food Dive staff -
Courtesy of Lamb Weston
Lamb Weston grapples with higher freight, labor and commodity costs
Hiking prices can help "recover the cost of product delivery," said CFO Bernadette Madarieta, after noting inflation ate away at profits in Q1.
By Max Garland • Oct. 14, 2021 -
Courtesy of Real Good Foods
Real Good Food sets initial share price of $14 to $16
At the upper end of the scale, the better-for-you and grain-free frozen food brand could be worth $98.1 million when it has its IPO.
By Megan Poinski • Updated Oct. 29, 2021 -
Courtesy of PepsiCo
Coca-Cola and PepsiCo wade into booze amid an uncertain future
Coca-Cola's partnership with Molson Coors and its rival's collaboration with Boston Beer give the nonalcoholic beverage giants a unique option in their portfolios to attract consumers.
By Christopher Doering • Oct. 14, 2021 -
Retrieved from Vita Coco on September 02, 2020
Keurig Dr Pepper affiliated entity to buy $20M in Vita Coco stock as part of IPO
The soda, water, tea and coffee giant is Vita Coco’s largest distributor customer, accounting for 19% of its total net sales in 2020.
By Christopher Doering • Oct. 13, 2021 -
Retrieved from PepsiCo.
PepsiCo debuts Rockstar infused with hemp seed oil nationwide
The functional beverage, which is marketed as a way to encourage relaxation and improve mood, also contains B vitamins, spearmint, lemon balm and caffeine.
By Christopher Doering • Updated Feb. 1, 2022 -
Permission granted by Hershey
Hershey wakes up to the power of morning snacking
Long dominant in afternoon and evening sweets, the maker of Reese's and Kisses is targeting earlier parts of the day as consumers change their eating habits.
By Christopher Doering • Oct. 12, 2021 -
Rey Del Rio via Getty Images
Labor crisis roils the food industryStriking Kellogg employees won't bow to lawsuit pressure, labor rep says
In new comments, the cereal giant said the union "grossly misrepresented" its contract proposals, and the company remains "ready, willing and able" to negotiate despite the legal action.
By Chris Casey • Updated Oct. 13, 2021 -
Rey Del Rio via Getty Images
Labor crisis roils the food industryKellogg plans to permanently replace some striking cereal workers
As negotiations with the union stall, the company says it plans to fully hire some of the temporary workers it brought in to keep its plants running.
By Chris Casey • Updated Nov. 23, 2021 -
Courtesy of Constellation Brands
Constellation Brands latest to face headwinds in slowing hard seltzer space
The beverage company plans to change the flavor and taste of its Corona Hard Seltzer to "better align" with changing consumer preferences and differentiate itself in a crowded category, according to its CEO.
By Christopher Doering • Oct. 8, 2021 -
Courtesy of International Flavors & Fragrances
IFF CEO announces his retirement, adding to executive turnover
Andreas Fibig will stay on while his replacement is found, which will likely be at the beginning of 2022. Since September, the ingredients megacompany has added a new CFO and two division presidents.
By Megan Poinski • Oct. 7, 2021 -
Permission granted by WZZM-13
Labor crisis roils the food industryLabor strikes target Big Food as workers seize on industry turmoil
Workers at Kellogg, Mondelēz and Frito-Lay are demanding concessions from companies at a time of labor shortages, increased product demand and supply chain disruption across the U.S.
By Chris Casey • Oct. 6, 2021 -
Permission granted by PepsiCo
How PepsiCo is harnessing data to help retailers increase sales
The food and beverage giant's Pepviz platform uses analytics, data science and other tools to ensure a store is carrying the right product mix and optimizing shelf space.
By Christopher Doering • Oct. 4, 2021 -
Christopher Doering/Food Dive
Private label losing ground to name brands, IRI says
Supply chain challenges and consumers flush with cash have benefited national offerings, but inflation and the end of government aid programs could soon help store brands.
By Christopher Doering • Sept. 30, 2021 -
Scott Olson via Getty Images
Nestlé, Campbell Soup 'highly exposed' to climate risks, investor group warns
The food giants were among 50 large companies most at physical risk to droughts, wildfires, floods and other environmental dangers, according to a report by the Institutional Investors Group on Climate Change.
By Chris Casey • Sept. 29, 2021 -
Permission granted by Sovos Brands
Sovos Brands' CEO finds success in embracing 'one-of-a-kind' disruptive products
The owner of offerings such as Rao's and Noosa, which went public last week, has rapidly grown by touting high quality, clean-label ingredients.
By Christopher Doering • Sept. 29, 2021 -
Courtesy of ShineWater
Anheuser-Busch to distribute vitamin D-loaded ShineWater
The beer giant will use its own network to expand the functional drink's availability as consumers latch onto products that do more than provide sustenance or refreshment.
By Christopher Doering • Sept. 27, 2021 -
Joe Raedle via Getty Images
AB InBev CFO: 'You can't hide when a pandemic hits'
“The whole debate over finance and ESG, that you either choose one or the other, is a false dilemma. They go hand in hand,” Fernando Tennenbaum said.
By Jane Thier • Sept. 24, 2021 -
Courtesy of CJCJ Food, Americas
Red Baron pizza maker aims for a bigger slice of the market
As demand grows for more frozen options, Schwan's is turning to premium, single-serve and better-for-you offerings to boost sales in the $6 billion category.
By Christopher Doering • Sept. 22, 2021 -
Retrieved from Kraft Heinz.
Justice Department requires Polly-O and Athenos divestitures after Kraft Heinz-Lactalis deal
Both sales were in process, but the federal government filed a lawsuit ordering them to happen, saying action is necessary to avoid monopolies.
By Christopher Doering • Updated Nov. 11, 2021 -
Permission granted by Chobani
Yogurt giant Chobani enters the peanut butter category
The company said it will donate profits from the line of enhanced spreads for adults, children and infants to the hunger nonprofit Edesia Nutrition.
By Christopher Doering • Sept. 20, 2021 -
Permission granted by Danone
Danone's Evian partners with Loop on water bottle made with recycled plastic
The new packaging continues the brand's sustainability push, while providing validation for the upstart's technology that has drawn skepticism.
By Christopher Doering • Sept. 20, 2021 -
Sean Gallup via Getty Images
Surge in greenhouse gas pledges from CPGs prompts Cargill to pay farmers to collect carbon
The food and agricultural giant said demand from manufacturers to lower their environmental footprint is robust, but more financial incentives are needed to get producers to meet this growth.
By Christopher Doering • Sept. 16, 2021 -
Courtesy of Gopuff
Gopuff launches small business accelerator for underrepresented CPG entrepreneurs
The program provides brands with monthly workshops, networking events and one-on-one sessions with the e-tailer's marketing, merchandising and supply chain teams.
By Catherine Douglas Moran • Sept. 16, 2021
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