Corporate Operations: Page 60
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Courtesy of PepsiCo
PepsiCo pledges to invest $216M into regenerative agriculture
The soda and snacks giant is partnering with farm groups on new projects that aim to cut three million metric tons of emissions by 2030.
By Chris Casey • March 22, 2023 -
Retrieved from Hershey.
Best known for its iconic confections, Hershey hits its stride in salty snacks
Kristen Riggs, who oversees brands such as SkinnyPop popcorn and Dot’s pretzels, said the 129-year-old company is building scale and grabbing market share as it evolves into a major player in both sweet and salty foods.
By Christopher Doering • March 22, 2023 -
Explore the Trendline➔
Courtesy of Instacart
TrendlineTop 5 stories from Food Dive
The food and beverage industry is changing rapidly and the actions companies take this year are likely to play a major role in defining their future.
By Food Dive staff -
Courtesy of Eat Just
Race for regulation of cell-based meatEat Just gets FDA clearance for cultivated meat in US
Good Meat chicken, which has been approved for sale in Singapore since 2020, is the second cell-based meat item to get the first green light from the federal government.
By Megan Poinski • Updated March 22, 2023 -
Scott Olson via Getty Images
Tyson invests $70M to build new Arkansas hatchery
The 131,000-square-foot facility will triple capacity and improve operational efficiency, the company said. The announcement comes less than a week after it said it would close two other plants.
By Chris Casey • March 21, 2023 -
Courtesy of Future Farm
Why Future Farm is getting into plant-based milk and honey
The Brazilian company known for its meat analogs is expanding its platform, making plans to provide varieties of many food items found on the farm.
By Megan Poinski • March 20, 2023 -
Getty Images
OpinionThree ways global food brands can stay competitive
As the cost of living rises across the world, companies must embrace artificial intelligence and other digital technologies to maintain a low-cost base, write Stuart Gilby and Duncan Macfarlane of PA Consulting.
By Stuart Gilby and Duncan Macfarlane • March 20, 2023 -
Permission granted by Miyoko Schinner
Miyoko’s Creamery founder accuses the company of gender discrimination and misusing her name
Miyoko Schinner claims in a lawsuit her removal as CEO of the business she started was retaliation for complaining to investors and HR that she was unfairly treated because she is a woman.
By Megan Poinski • March 20, 2023 -
Courtesy of Molson Coors
ColumnLeftovers: March Madness-inspired ice and fire — Coors popsicles and Hormel basketball court-smoked bacon
The brewer’s frozen treats will be sold online and in select bars as the Big Dance heats up, and B&G provides a way to add the taste of Girl Scout Thin Mints to everything.
By Food Dive staff • March 17, 2023 -
Courtesy of ADM
ADM expands regenerative reach with new consumer ingredient brand
Knwble Grwn, which features flax, hemp oil and seeds, focuses on sustainable practices and highlighting underrepresented farmers, the company's commercial manager told Food Dive.
By Chris Casey • March 16, 2023 -
Scott Olson via Getty Images
Krispy Kreme exiting CPG snack business, cutting 102 jobs
The sweets maker said the segment underperformed on the market. Instead, the company is focusing on delivering fresh-baked doughnuts to stores.
By Megan Poinski • March 16, 2023 -
Courtesy of Kellogg
Kellogg’s new company names — Kellanova and WK Kellogg Co — signal ‘disruptive’ fresh start, CEO says
The monikers bring its recognizable brand into two distinct businesses for snacking and cereal, Steve Cahillane told Food Dive.
By Chris Casey • March 15, 2023 -
Courtesy of Believer Meats
Believer Meats promotes its COO to the CEO slot
Gustavo Burger joined the cultivated meat maker last year, playing a key role in building an operations team with CPG experience as the company builds a facility in North Carolina and prepares to launch.
By Megan Poinski • March 15, 2023 -
Alex Wong via Getty Images
Bank collapses unlikely to affect large food companies, but smaller upstarts at risk, analyst says
A Mizuho research note said short-term disruption, tighter lending standards and a stronger emphasis on free cash/profitability could prevent some businesses from gaining financing or entering the industry.
By Christopher Doering • March 15, 2023 -
Brandon Bell via Getty Images
Food inflation cools again in February, driven by decrease in egg prices
Grocery prices rose last month at a 10.2% annual rate, down from 11.3% in January, the federal government reported Tuesday.
By Catherine Douglas Moran • March 14, 2023 -
Courtesy of The Better Meat Co.
How The Better Meat Co. scrambled to meet payroll after the SVB collapse
CEO and co-founder Paul Shapiro said a fast and unexpected loss of access to capital was one scenario the company wasn’t prepared to handle.
By Megan Poinski • March 14, 2023 -
Tyson to close two plants, laying off nearly 1,700 workers
The company said closing two of its processing facilities will help it optimize its chicken supply chain. It offered assistance to employees impacted by the decision.
By Chris Casey • Updated March 14, 2023 -
Permission granted by Nobell Foods
Nobell Foods poaches Impossible executive to head food science and product development
Sergey Solomatin spent more than a decade at the plant-based meat giant where he helped to develop, scale and commercialize its technology.
By Christopher Doering • March 14, 2023 -
David McNew via Getty Images
Experts worry migration season could further spread of bird flu
As meat and egg producers deal with ongoing supply issues, traveling waterfowl and raptor flocks potentially carrying the virus could complicate the situation.
By Chris Casey • March 14, 2023 -
Permission granted by MeliBio
Food startups describe a ‘roller coaster of emotions’ as Silicon Valley Bank collapsed
Many companies with accounts at the bank were showing off their products at Natural Products Expo West as news went out, sending many founders into a frenzy.
By Megan Poinski • March 14, 2023 -
Courtesy of Van Leeuwen
ColumnLeftovers: Van Leeuwen scoops into Hidden Valley Ranch ice cream; Snoop Dogg brews a premium coffee brand
The premium dessert maker taps the condiments aisle for its latest savory combination, and Kellogg brings two of its most popular brands together with Apple Jacks Pop-Tarts.
By Food Dive staff • March 10, 2023 -
Thai Phi Le/Food Dive
Bang Energy’s parent company ousts controversial founder and names interim CEO
Founder Jack Owoc will no longer run the business, while John DiDonato, currently the chief transformation officer, takes over on a temporary basis.
By Christopher Doering • March 10, 2023 -
Megan Poinski/Food Dive
How Bonumose’s new tagatose facility moves better-for-you sweeteners forward
The Virginia plant producing the rare sugar officially opened this month, making a supply of the healthier stand-in for sucrose available for manufacturers.
By Megan Poinski • March 9, 2023 -
Courtesy of Aloha
Why Aloha sees big sustainability potential with its new protein bar
The brand’s Kona bar is made with Ponova oil, an emulsifier that comes from the beans of the Hawaiian pongamia tree, which helps to repair soil impacted by deforestation.
By Chris Casey • March 9, 2023 -
Courtesy of Fly By Jing
Chinese food brand Fly By Jing raises $12M
The brand, which launched in 2018, also announced the appointment of its first chief financial, operations and commercial officers.
By Dani James • March 9, 2023 -
Nathan Howard via Getty Images
As US mulls vaccinating poultry for bird flu, chicken industry could stand in the way
Broiler producers are concerned about trade implications, but fears that the virus will mutate or spread to humans may spur a new plan of action.
By Chris Casey • March 9, 2023
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