Corporate Operations: Page 63

  • J&J Snack Foods' frozen beverage business, which includes ICEE products, was not affected by ERP conversion issues.
    Image attribution tooltip
    "ICEE" by Steve Snodgrass is licensed under CC BY 2.0
    Image attribution tooltip

    J&J Snack Foods to add 3 new distribution centers in bid to simplify network

    The snack maker says the new facilities will boost efficiencies by reducing party logistics locations.

    By Kate Magill • Feb. 8, 2023
  • Cows, cattle, eating feed
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Tight supplies will lead to lower margins for meat producers in 2023: S&P report

    The nation's most popular credit rating agency said volatile dynamics will drive protein companies to make more cautious decisions and limit investments.

    By • Feb. 8, 2023
  • A person in a grocery store putting items in a smart cart. Explore the Trendline➔
    Image attribution tooltip
    Courtesy of Instacart
    Image attribution tooltip
    Trendline

    Top 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
  • The entrance of a grey, rectangular building with a cyan blue Motif logo on it. There's an empty parking lot and green lawn in front, trees behind it, and several dark windows.
    Image attribution tooltip
    Courtesy of Motif FoodWorks
    Image attribution tooltip

    Motif FoodWorks expands business to help startups

    The biotech company now offers fermentation and bioprocessing services at bench scale at its new 65,000-square-foot hub near Boston.

    By • Feb. 8, 2023
  • tyson foods truck
    Image attribution tooltip
    "Tysons Food Donation 2012" by Central Texas Food Bank is licensed under CC BY-ND 1.0
    Image attribution tooltip

    Tyson earnings miss expectations as chicken demand dips, beef costs increase

    The meat giant's CEO Donnie King said in its earnings call Monday that weaker consumer demand and operational difficulties hampered the company's sales over the quarter.

    By • Feb. 7, 2023
  • PepsiCo, Frito-Lay
    Image attribution tooltip
    Christopher Doering/Food Dive
    Image attribution tooltip

    Inside PepsiCo’s strategy to grow its iconic $21B snacking portfolio

    Parth Raval, the division's chief growth officer, said the CPG giant is exploring different ingredients, packaging formats and flavor offerings to strengthen its dominant presence in the category.

    By • Feb. 7, 2023
  • mccormick
    Image attribution tooltip
    Courtesy of McCormick
    Image attribution tooltip

    McCormick cutting jobs as part of $75M in cost savings in 2023

    The flavoring giant, which has yet to announce how many employees would be impacted or when, said the staff reductions would be both voluntary and involuntary.

    By • Feb. 7, 2023
  • A bottle of D'Usse cognac sits on an old wooden bar next to a gold-rimmed old fashioned glass and cocktail glass, both which have the gold D'Usse cross. A small white box is next to the bottle.
    Image attribution tooltip
    Jerritt Clark via Getty Images
    Image attribution tooltip

    Bacardi buys majority of Jay-Z’s cognac brand, ending legal battle

    The entertainer and businessman created D’Ussé with the alcohol maker, but filed a series of lawsuits challenging the company’s valuation of his share.

    By • Feb. 6, 2023
  • Three black heart-shaped boxes of Sour Patch Kids Sour Hearts candy, with black candy hearts around them. The candy and boxes are on a black background with red broken hearts.
    Image attribution tooltip
    Courtesy of Mondelez International
    Image attribution tooltip
    Column

    Leftovers: Sour Patch Kids paints Valentine’s Day black; Häagen-Dazs crafts butter cookie cones

    The Mondelēz-owned brand targets consumers who aren’t fond of the romantic holiday with its new candy, and Nutella debuts its first new snacks in the U.S. in more than a decade.

    By Food Dive staff • Feb. 3, 2023
  • kellogg rice farming ag farmers
    Image attribution tooltip
    Courtesy of Kellogg
    Image attribution tooltip

    Kellogg sees positive results from sustainable rice farming pilot

    The cereal giant said the project, focused in the Lower Mississippi River Basin growing area, will inform its approach to other sustainability endeavors.

    By • Feb. 2, 2023
  • halo top desserts baking
    Image attribution tooltip
    Courtesy of Halo Top
    Image attribution tooltip

    Halo Top enters baking mix category

    The maker of better-for-you treats is launching its first product lines outside the ice cream space after another year of slowing sales for its flagship frozen desserts.

    By • Feb. 2, 2023
  • Eggs on shelves at a grocery store.
    Image attribution tooltip
    Catherine Douglas Moran/Food Dive
    Image attribution tooltip

    Egg prices to remain high for as long as bird flu continues, experts say

    After prices more than doubled over the past year, producers are grappling with the impact of the virus while politicians and activists call for investigations into potential price gouging.

    By • Feb. 2, 2023
  • Dole, produce
    Image attribution tooltip
    Retrieved from Dole.
    Image attribution tooltip

    Dole selling its fresh vegetables division for $293M to Chiquita subsidiary

    The fresh produce giant said proceeds from the sale of the division, which generated revenue of $1.28 billion in 2021, will be used primarily to pay down debt.

    By • Feb. 1, 2023
  • Boxes of several varieties of Magic Spoon cereal lay around a bowl of the multicolored Fruity variety.
    Image attribution tooltip
    Courtesy of Magic Spoon
    Image attribution tooltip

    Magic Spoon expands retail launch to 6,800 stores

    The better-for-you cereal brand, which was only available online until last summer, will be on shelves at Walmart, Kroger and Albertsons, as well as more Target locations.

    By • Feb. 1, 2023
  • The photo shows cannabis plants growing in a greenhouse.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    How FDA stopped the momentum for CBD in food and drink

    Several companies bought big into the once-promising segment, but the government’s decision not to permit the ingredient in food and beverages has left producers unwilling to invest further.

    By • Jan. 31, 2023
  • Components of Tindle's Motel Chicken Sandwich meal kit on a white table. Sandwiches are in the center on a cutting board, with packages, sauces, coleslaw, info cards and a baking tray with patties.
    Image attribution tooltip
    Courtesy of Next Gen Foods
    Image attribution tooltip

    New Tindle chef-curated meal kits elevate the plant-based meat experience

    The kits, available on Goldbelly, are part of a massive global consumer expansion of Next Gen Foods’ signature chicken analog product.

    By • Jan. 31, 2023
  • oatly climate carbon footprint labeling
    Image attribution tooltip
    Courtesy of Oatly North America
    Image attribution tooltip

    Oatly debuts carbon footprint labeling on U.S. products

    The oat milk maker, which first added the labels in Europe, said it aims to educate consumers and spur other companies to provide transparency about their emissions.

    By • Jan. 31, 2023
  • pepsico regenerative agriculture emissions
    Image attribution tooltip
    Courtesy of PepsiCo
    Image attribution tooltip
    Deep Dive

    Food companies say they can reduce their emissions this year. Experts are skeptical.

    Academics and environmental groups say CPGs’ reliance on regenerative agriculture and carbon credits may not be enough to realistically hit their time-based goals.

    By • Jan. 30, 2023
  • Horizon Organic, Danone
    Image attribution tooltip
    Retrieved from Danone.
    Image attribution tooltip

    Danone exploring options, including a sale, for US organic dairy business

    The review includes the Horizon Organic and Wallaby brands, which represent 3% of the company’s global revenues and have been a drag on growth and margins.

    By • Jan. 30, 2023
  • Unilever HQ
    Image attribution tooltip
    Permission granted by Unilever
    Image attribution tooltip

    Unilever taps Royal FrieslandCampina head as new CEO

    Hein Schumacher takes the helm of the CPG giant in July. Alan Jope announced his retirement in September.

    By • Updated Jan. 30, 2023
  • simply, mixer, coca-cola
    Image attribution tooltip
    Courtesy of Coca-Cola
    Image attribution tooltip

    Coca-Cola extends its Simply juice brand into mixers

    Simply Mixology joins similar offerings from PepsiCo and Keurig Dr Pepper as nonalcoholic beverage companies make inroads into alcohol mixers and mocktails.

    By • Jan. 27, 2023
  • Loose black-eyed peas lay next to the pods in which they grow on a white surface
    Image attribution tooltip
    Courtesy of BetterSeeds
    Image attribution tooltip

    BetterSeeds creates GMO cowpeas to replace soy

    The Israeli company’s bioengineered plant could stand up straight and be harvested just like the commodity oilseed crop, which is harder to grow in hotter, drier conditions.

    By • Jan. 26, 2023
  • Machinery, including large tanks and piping, used for biomass fermentation in an industrial building with red tile floors. A few people in hardhats are near the equipment.
    Image attribution tooltip
    Courtesy of Meati Foods
    Image attribution tooltip

    Meati’s Mega Ranch opens, increasing its scale for a national launch

    Production at the 100,000-square-foot mycelium meat analog fermentation plant will equal that of a traditional cattle farming facility, pound for pound, the company said.

    By • Jan. 26, 2023
  • Tyson Foods office building
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    Tyson CFO pleads guilty to trespassing, intoxication charges: report

    John Randal Tyson, great-grandson of the meat company’s founder, was initially arrested in November.

    By Elizabeth Flood • Jan. 25, 2023
  • A stock image of planning for investment returns.
    Image attribution tooltip
    "SMRs" by QuoteInspector is licensed under CC BY-ND 2.0
    Image attribution tooltip

    7 in 10 food and beverage execs anticipate revenues rising in 2023: survey

    Product expansion and innovation is top of mind, leaders told Marcum LLP, with 72% indicating it is their main business strategy going forward.

    By • Jan. 25, 2023
  • Vita Coco
    Image attribution tooltip
    Permission granted by Vita Coco
    Image attribution tooltip

    Vita Coco’s reinvention: How reassessing its customer base is paying off

    The New York company has watched its sales and marketing soar as consumers gravitate toward its better-for-you offering and industry giants such as Coca-Cola exit the category.

    By • Jan. 25, 2023