Corporate Operations: Page 114
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Christopher Doering/Food Dive
Mondelez faces 'unprecedented demand' online for snacks during coronavirus
Glen Walter, president of North America, said the surge is especially prominent in its core snack offerings like Oreo and Ritz as shoppers gravitate toward trusted brands.
By Christopher Doering • April 13, 2020 -
Scientists discover enzyme that breaks down PET plastic in a few hours
The packaging material is popular for its ability to keep products fresh, endure temperature changes and its low cost. Only about 12% to 14% of it is recycled.
By Jessi Devenyns • April 13, 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 -
Courtesy of Rebellyous Foods Photo / Kristie Middleton
Plant-based Rebellyous Foods raises $6M
The maker of faux chicken products will use the money to hire workers, push into retail and develop equipment to make its products faster, cheaper and better quality.
By Christopher Doering • April 13, 2020 -
Permission granted by Terra Ingredients
Terra Ingredients sees demand jump 30% amid coronavirus
Orders for the organic grain and pulse ingredients provider are coming in for both food for people and livestock feed — and 10% of that is from new customers.
By Megan Poinski • April 9, 2020 -
Permission granted by Saffron Road
Ignoring naysayers, CPG trendspotter forges path down the Saffron Road
Adnan Durrani's current venture, which developed some of the first halal-certified products available nationally, is on track to be a $100 million business by 2025.
By Megan Poinski • April 9, 2020 -
Ingredion acquires controlling stake in PureCircle
The ingredients giant now owns 75% of the business and former shareholders of the stevia pioneer own the remaining 25%. Terms of the purchase were not disclosed.
By Megan Poinski • Updated July 1, 2020 -
Stephenson, Ben. (2006). Retrieved from Flickr.
Coronavirus guts demand for seafood as sales plummet
Fishermen and dealers are turning to government aid and a marketing campaign to help the sector as restaurant and foodservice closures remove a major source of revenue.
By Lillianna Byington • April 9, 2020 -
Nestlé expands blockchain to Swedish coffee brand Zoégas
Companies have been increasing their use of the sourcing technology as consumers look for more transparency about the food and beverages they purchase.
By Jessi Devenyns • April 9, 2020 -
Permission granted by Vita Coco
As coronavirus helps CPG sales spike, companies reinvest revenue in relief efforts
Vita Coco is giving $1 million of its pandemic profits to charity, and Reed's turned its sampling truck into a delivery vehicle to give products to first responders.
By Lillianna Byington • April 8, 2020 -
Courtesy of Hormel
Applegate launches Well Carved line with blended veggies and meat
The Hormel-owned brand, which is coming to shelves this month, mixes organic meat, vegetables, grains and pulses into burgers and meatballs.
By Megan Poinski • April 8, 2020 -
Permission granted by Atlantic Natural Foods
As coronavirus spread through Asia, Atlantic Natural Foods prepared for US impact
With a facility in Thailand, the plant-based shelf-stable company had foresight about how the pandemic could sweep across the world and affect the food industry.
By Lillianna Byington • April 7, 2020 -
Courtesy of Good Catch
Bumble Bee CEO joins board of plant-based Good Catch's maker
Jan Tharp's addition to Gathered Foods' controlling body comes shortly after a partnership between the two companies was formed.
By Lillianna Byington • April 7, 2020 -
Tyson and JBS close plants as coronavirus hits meat manufacturing
A county health department in Colorado is also investigating employee complaints that a JBS plant is not taking adequate steps to disinfect equipment and promote social distancing.
By Jessi Devenyns • Updated April 14, 2020 -
Jones Soda names interim CEO as long-time chief steps down
Jamie Colbourne brings his CPG experience to the tiny craft beverage company as it competes against smaller upstarts and juggernauts PepsiCo and Coca-Cola.
By Christopher Doering • April 7, 2020 -
Sanderson Farms to cut output in Georgia as it sends more than 400 workers home
The chicken processor also said last week that 15 of its employees tested positive for the coronavirus and it is awaiting results on another 36 people.
By Christopher Doering • April 6, 2020 -
Deep Dive
Coronavirus casts a spotlight on risks facing food workers, employers
While many CPG manufacturers have increased pay and improved safety within their facilities, some unions and employees have asked whether it is enough.
By Christopher Doering • April 6, 2020 -
Grupo Modelo suspends production of Corona beer in Mexico
Despite the shutdown, it is not expected to disrupt supply of the popular import in the U.S. Constellation Brands also makes the alcohol and has distribution rights in America.
By Jessi Devenyns • April 6, 2020 -
Courtesy of Kraft Heinz
Kraft Heinz breaks output records during coronavirus pandemic
The mega-manufacturer is working around the clock at its 39 factories across the U.S. — and will keep going as long as there is demand, said Mitch Arends, senior vice president of operations and manufacturing.
By Megan Poinski • April 3, 2020 -
Permission granted by SweeGen
SweeGen opens regional innovation centers for stevia research
The company will open facilities in North America, Europe, the Asia-Pacific region and Latin America to increase collaboration with customers in different parts of the world.
By Jessi Devenyns • April 2, 2020 -
Coronavirus-related supply chain concerns push more Olam customers to source domestically
The CEO of Spices told Food Dive that orders in March for onion, garlic and chilies grown in the U.S. were up 20% from the previous year.
By Lillianna Byington • April 2, 2020 -
PureCircle posts $79.7M loss in delayed 2019 financial report
The global stevia giant's filing comes after a six-month audit to find the root of financial problems, which also resulted in resignations of the CEO and CFO.
By Megan Poinski • April 2, 2020 -
Kids' diets improved 'significantly' in the last 2 decades, report says
Children's eating patterns have gotten better by 27% from 1999 to 2016, according to a JAMA study that measured consumption of foods like fruits, vegetables and whole grains.
By Jessi Devenyns • April 2, 2020 -
Alcohol sales spike as consumers stockpile amid COVID-19 pandemic
Year-over-year increases last month were largest for spirits, followed by wine and then beer, flavored malt beverages and cider, according to Nielsen data.
By Lillianna Byington • April 2, 2020 -
Unilever prioritizes making popular, larger-sized products during coronavirus
An executive with the CPG giant said it is trying to meet the highest demands, including brands like Knorr, Hellmann's and Lipton, even if that means having some out-of-stock items.
By Christopher Doering • April 2, 2020 -
Lillianna Byington/Food Dive
CPG sales could rise as much as 30% from March to May, report finds
Credit Suisse predicted a shift to more at-home consumption because of quarantines will benefit companies such as Campbell Soup, Conagra Foods and J.M. Smucker.
By Lillianna Byington • April 1, 2020
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