Corporate Operations: Page 56
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Courtesy of Upside Foods
Deep DiveFrom science to CPG: Adapting R&D to regulations — and eventually consumers
As food tech startups grow, their focus needs to shift from scientific breakthroughs to meeting stringent manufacturing rules, as well as thinking a lot about the people who will one day eat their products.
By Megan Poinski • Nov. 9, 2022 -
Courtesy of Quorn
Fermentation leaders form Fungi Protein Association
Companies including Quorn, MycoTechnology, Meati and The Better Meat Co. are coming together to advocate for alternatives that are not made from plants.
By Megan Poinski • Nov. 9, 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 -
Retrieved from Athletic Brewing Company.
Keurig Dr Pepper invests $50M in Athletic Brewing
The minority stake deepens the soda and coffee giant’s presence in the nonalcoholic category following its acquisition of ready-to-drink cocktail brand Atypique in June.
By Christopher Doering • Nov. 9, 2022 -
Permission granted by Danone
Danone expedites Two Good yogurt’s move into smoothies
The new offering, which was initially planned to launch in 2023, brings the company’s fastest-growing North American brand into the portable space while building on its low-sugar, high-protein popularity.
By Christopher Doering • Nov. 9, 2022 -
Permission granted by Mondelez International
Mondelēz names new chief of supply chain operations
Leadership changes come as the snack giant reports improvements in production levels following its move to prioritize key SKUs.
By Sarah Zimmerman • Nov. 8, 2022 -
Joe Raedle via Getty Images
New Tyson CFO arrested on trespassing, public intoxication charges
The incident involving the meat giant’s recently appointed CFO — son of the company’s chairman — reignites concerns about potential conflicts of interest.
By Grace Noto • Nov. 8, 2022 -
Courtesy of Future Meat Technologies
Deep DiveFrom science to CPG: How money makes the food tech startup world go round
Fundraising and understanding a realistic timeline are high barriers for these companies as they face R&D and regulatory challenges.
By Megan Poinski • Nov. 8, 2022 -
Permission granted by Coca-Cola
Coca-Cola to restructure North American workforce with voluntary buyouts
Employees will have from Nov. 14 to Nov. 18 to decide whether to accept offers. The beverage maker did not say how many workers are eligible.
By Christopher Doering • Nov. 8, 2022 -
Permission granted by Finless Foods
Deep DiveFrom science to CPG: How food tech companies grow into tomorrow’s food manufacturers
It’s difficult to take a scientific discovery that could change the way the world eats and get it to consumers’ plates. Startups need tenacity, money, R&D, patience and an understanding of reality.
By Megan Poinski • Nov. 7, 2022 -
Michael M. Santiago via Getty Images
Food prices put Democrats at a disadvantage in midterm elections, analysts say
Political scientists said inflation widely gives Republicans an advantage with voters, but some argue shifting the focus to corporate power in the food industry could help Democrats.
By Chris Casey • Nov. 7, 2022 -
Courtesy of Hershey
Mondelēz and Hershey CEOs: Snacks are an ‘affordable’ luxury amid inflation
The companies behind brands including Oreo and Reese’s increased their sales forecasts last week, as consumers have shown the willingness to pay more for their treats.
By Christopher Doering • Nov. 7, 2022 -
Courtesy of Straus Family Creamery
Organic dairy farmers petition USDA for drought relief funds
The weather in the western U.S. is exacerbating dire conditions for many operations already facing supply chain challenges and higher feed costs, prompting some producers to go out of business.
By Chris Casey • Nov. 4, 2022 -
Courtesy of General Mills
General Mills thinks big with mini versions of 3 cereals
With bite-sized offerings of Trix, Cinnamon Toast Crunch and Reese’s Puffs, the CPG giant is capitalizing on cereal’s growing popularity as a snack.
By Chris Casey • Nov. 3, 2022 -
Permission granted by PepsiCo
How PepsiCo adapts to keep pace with food innovation
The company’s Frito-Lay unit is using artificial intelligence and expanding its consumer outreach to design new products and create more flavor options.
By Christopher Doering • Nov. 3, 2022 -
Courtesy of Jack & Annie's
How Jack & Annie’s uses jackfruit to shake up plant-based meat
Founder and CEO Annie Ryu said the massive fruit native to South India has a meat-like texture and easily adapts to products including chicken-like nuggets and meatballs.
By Megan Poinski • Nov. 2, 2022 -
Retrieved from Nestle.
Nestlé aims for bigger bite of $600M thaw and eat category
The nascent segment, which is growing at a 25% CAGR, allows food makers to get their brands into the hands of on-the-go consumers who don’t have immediate access to an oven or microwave.
By Christopher Doering • Oct. 31, 2022 -
Unsplash / Martijn Baudoin
Sponsored by NielsenIQInflation and recession threats have rattled retail to its core
US consumer confidence has been shaken by rising retail prices. How can brands regain their trust?
Oct. 31, 2022 -
DOJ investigating poultry payment practices, Pilgrim’s Pride says
The poultry giant said it learned of the government’s civil investigation earlier this month. It warned any action from the review could impact its operations.
By Chris Casey • Oct. 28, 2022 -
Retrieved from Pilgrim's Pride on September 23, 2020
Pilgrim’s Pride’s revenue soars as cash-strapped consumers trade down to chicken
A shift away from more expensive beef and pork is helping poultry, a trend CEO Fabio Sandri says will continue through an economic downturn.
By Chris Casey • Oct. 28, 2022 -
Courtesy of Diageo
Future focused: How Diageo prioritizes sustainability
The company’s Society 2030 program tailors sustainability goals by brand, avoiding a one-size-fits-all approach.
By Sara Karlovitch • Oct. 27, 2022 -
Courtesy of Impossible Foods
Impossible beef, hard seltzer make up NielsenIQ’s 2022 innovations
Despite a slowdown in new product development during the last three years, the marketing research firm highlighted offerings from Coca-Cola, Danone and Mondelēz among the recent standouts.
By Chris Casey • Oct. 27, 2022 -
Permission granted by Kraft Heinz
Kraft Heinz launches plant-based cheese slices through NotCo joint venture
The product, which Bloomberg says will be in some Ohio stores next month, is the CPG giant’s first foray into new products made without animal-derived ingredients.
By Megan Poinski • Oct. 26, 2022 -
Retrieved from PepsiCo on October 26, 2022
How PepsiCo is working to convince its farmers to embrace regenerative agriculture
The food and beverage giant hopes practices such as using cover crops can help it meet its goal of achieving net zero emissions by 2040, said Rob Meyers, vice president of global sustainability.
By Chris Casey • Oct. 26, 2022 -
Permission granted by Better Meat Co.
The Better Meat Co. patents mycelium it says ‘does an even better job of mimicking’ meat
The California company received its fourth patent for its versatile and shelf-stable Rhiza protein, made from the roots of the fast-growing fungus Neurospora crassa.
By Megan Poinski • Oct. 25, 2022 -
Christopher Furlong via Getty Images
Constellation transitions to passive role at Canopy Growth
As part of a deal, the alcohol giant would keep its existing 35.7% stake, but no longer be allowed to nominate representatives to the board or approve certain transactions.
By Christopher Doering • Oct. 25, 2022
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