Corporate Operations: Page 113
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Companies stockpile ingredients amid uncertainty over coronavirus
With food manufacturers securing ingredients for existing items in case of another spike, Bloomberg said innovation and new product development could take a backseat.
By Jessi Devenyns • June 9, 2020 -
About 75% of crew tests positive for coronavirus on seafood processing ship
Despite prevention efforts in the industry, 92 of the 126 people aboard an American Seafoods vessel last week had the virus.
By Lillianna Byington • June 9, 2020 -
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 -
"Olive oil, spaghetti and red chili pepper close-up" by Marco Verch Professional Photographer and Speaker is licensed under CC BY 2.0
Nestlé to sell Buitoni Pasta's North American division to Brynwood Partners
The transaction, which values the business at $115 million, is the latest change to the portfolio of the Swiss giant.
By Christopher Doering • June 9, 2020 -
Permission granted by Belcampo
As meat giants face scrutiny, small and niche producers capitalize
The four major meat companies have closed plants and warned of shortages during the pandemic, while local ones have offered a more transparent view of operations and seen business boom.
By Lillianna Byington • June 8, 2020 -
Courtesy of Impossible Foods
How coronavirus accelerated demand for plant-based food
A study from Rethink Priorities and the Humane Society of the United States shows more than half of consumers now want meat-free options to address potential shortages.
By Megan Poinski • June 8, 2020 -
Report: 4 major meatpackers subpoenaed in DOJ antitrust investigation
After attorneys general and cattle associations call for a probe, Bloomberg said the federal government is demanding more information from Tyson Foods, JBS SA, Cargill and National Beef.
By Lillianna Byington • June 5, 2020 -
Permission granted by Jack Daniel's
ColumnLeftovers: Jack Daniel's cans its popular cocktails; top peanut butter brands put the squeeze on packaging
Brown-Forman's new whiskey innovation is tailor made for summer, while craft brewer Clown Shoes uses terpenes to help consumers taste the rainbow.
By Food Dive staff • June 5, 2020 -
Eradicating palm oil might cause more harm than good, study finds
Researchers from universities in Germany and Indonesia found switching to other vegetable oils would likely not help with issues of deforestation and loss of biodiversity.
By Jessi Devenyns • June 4, 2020 -
Campbell boosts ad spend as sales surge during pandemic
The packaged foods company plans to ramp up marketing spend to retain customers who bought its products for the first time in the past year.
By Robert Williams • June 4, 2020 -
Curcumin and omega-3 top the list for functional ingredients consumers most want to try
Despite interest in these and three other additives, a survey from Buzzback found only a third of people in the U.S. and U.K. have a complete understanding of them.
By Jessi Devenyns • June 4, 2020 -
Pilgrim's Pride executives among those indicted on price-fixing charges
The DOJ charged leadership at the chicken processor as well as Claxton Poultry Farms for conspiring to fix prices for chickens from 2012 to 2017. Pilgrim's CEO is taking a paid leave of absence.
By Lillianna Byington • Updated June 15, 2020 -
Employee fear of coronavirus tops food industry leaders' challenges, survey says
The Food Industry Executive found more than 40% of processors and one in five suppliers said workers have been afraid to come to their jobs during the pandemic.
By Megan Poinski • June 3, 2020 -
Coca-Cola, Mondelez trim SKUs as CPGs tackle pandemic stresses
Supply chains are reducing complexity to better operate in volatile market conditions.
By Emma Cosgrove • June 2, 2020 -
USDA photo by Preston Keres. (2017). "20170428-OSEC-PJK-1465" [photograph]. Retrieved from Flickr.
Calls to close Smithfield's Farmer John plant escalate amid outbreak
The United Food and Commercial Workers Local 770 said safety measures at the California facility are insufficient since at least 153 employees have tested positive for coronavirus.
By Lillianna Byington • Updated June 4, 2020 -
Retrieved from Bang Energy Drinks on April 28, 2020
Bang, Bubly and G Zero are among 2019's top innovations, says IRI
The research firm released the 100 New Product Pacesetters for last year, with the six brands heading the list each getting more than $100 million in sales.
By Jessi Devenyns • June 2, 2020 -
Courtesy of Drinkworks
How the alcohol industry can serve consumers who prefer to drink at home
E-commerce delivery service Drizly said sales have been at least 350% above what the company would expect to see since April.
By Christopher Doering • June 2, 2020 -
Lillianna Byington/Food Dive
Coronavirus is boosting sales for center store products. Will the renewed interest last?
From canned tuna to beans and rice, consumers are returning to shelves they once strayed away from. Companies and analysts say this trend could continue as shoppers face economic challenges.
By Lillianna Byington • June 1, 2020 -
Mondelez ups recyclable pledge with change to Philadelphia cream cheese packaging
Berry Global said it will provide packaging containing reused plastic for the snack maker's popular brand.
By Jessi Devenyns • June 1, 2020 -
Food and beverage is the only sector projected to grow this year, report says
Euromonitor analysts say stay-at-home orders drove consumers to stock their pantries, but a likely global recession could prompt shoppers to become more thrifty in their purchases.
By Megan Poinski • June 1, 2020 -
Courtesy of Hometown Food Company
ColumnLeftovers: Cereal gets more Fun(fetti); Kashi GOes frozen
The celebration cake that rocked the '90s comes to breakfast bowls in August, and La Colombe adds chocolate milk to its lineup.
By Food Dive staff • May 29, 2020 -
Permission granted by Spangler
Necco Wafers return to stores after a 2-year hiatus
The Spangler Candy Company is bringing the 173-year-old treat back to 32 retailers across the country this summer with very little change to its original look and flavor.
By Jessi Devenyns • May 29, 2020 -
Permission granted by Ludwig Sevenster
OpinionThe only way out is to communicate through the uncertainty
Now is the time to get your message out to employees and stakeholders, even though so much is unknown. Annelle Whyte of K&T has advice on the best way to get it done.
By Annelle Whyte • May 28, 2020 -
Courtesy of Sabra
Sabra's new sesame seed variety will be grown in the US
The hummus giant has worked with seed breeder Equinom to create a better variety of the ingredient, which does not need to be imported.
By Jessi Devenyns • May 28, 2020 -
Megan Poinski/Food Dive
IFT20 organizers reveal details on virtual conference and expo
Several platforms will provide an expo hall, educational components and social events for the July 12-15 conference that moved online because of the pandemic.
By Megan Poinski • May 28, 2020 -
Retrieved from Burger King Brazil website on May 28, 2020
Marfrig and ADM create venture to sell plant-based products
The partnership called PlantPlus Foods will develop offerings for North and South American markets. It builds on an earlier agreement to offer faux meat items in Brazil.
By Christopher Doering • May 28, 2020
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