Corporate Operations: Page 64
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Courtesy of Nestlé
ColumnLeftovers: Nescafé debuts in ice cream; Cinnamon Toast Crunch turns up the heat
The instant coffee brand flavors a new line of bars, and California Olive Ranch spreads out into pasta sauces.
By Samantha Oller • July 29, 2022 -
Courtesy of Hershey
Hershey warns capacity constraints will prevent it from meeting Halloween demand
The candy and snack giant said it is making “gradual improvement” on production issues that challenge its ramp-up ahead of the busy holiday season.
By Samantha Oller • Updated Aug. 2, 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 -
Getty Images
ADM’s profit jumps 74% on higher grain prices and demand
CEO Juan Luciano said he is optimistic that Russia’s agreement to end its blockade on Ukrainian ports could open up supplies, but warned of the impact to global food markets if it does not follow through.
By Chris Casey • July 28, 2022 -
JacobVanHouten via Getty Images
Mondelēz confident Clif Bar will lead category comeback
Consumers’ return to mobility and the snack giant’s massive resources will put the bar maker on track for profitable growth, CEO Dirk Van de Put said.
By Samantha Oller • July 28, 2022 -
Scott Olson via Getty Images
Coca-Cola increased marketing spend to create brand value amid price hikes
Despite pressures on consumer spending, the company saw net revenues grow in Q2 due in part to the recovery of away-from-home channels.
By Chris Kelly • July 27, 2022 -
Courtesy of Laird Superfood
Laird Superfood enters snacking category with new bar
While its functional foods with clean ingredients are on trend, the upstart has struggled since going public in 2020, with its shares down 91%.
By Christopher Doering • July 26, 2022 -
Unilever discontinues Choco Taco
The CPG giant said it needed to make “very tough decisions” in response to the “unprecedented spike in demand” during the last two years.
By Megan Poinski • July 26, 2022 -
Courtesy of Nestle
Nestlé opens $340M Nescafé coffee factory in Mexico
The plant, which creates 1,200 new jobs in the region, makes the U.S. neighbor the food and beverage giant’s main coffee producer.
By Christopher Doering • July 26, 2022 -
Rey Del Rio via Getty Images
Kellogg workers push for union at MorningStar Farms plant
Employees at an Ohio factory producing plant-based foods seek to organize ahead of the CPG’s split into three companies.
By Chris Casey • July 25, 2022 -
Christopher Doering/Food Dive
Private label demand surging as inflation rages: report
Store brand categories showing the biggest gains so far this year are baking mixes, up 40%, and soup, climbing 17%, according to shopper intelligence firm Catalina.
By Christopher Doering • July 25, 2022 -
Permission granted by Sanderson Farms
Cargill and Continental Grain close $4.5B purchase of Sanderson Farms
The transaction, which was announced last August and creates the third-largest U.S. poultry processor, was delayed by a Justice Department review.
By Christopher Doering , Chris Casey • Updated July 22, 2022 -
Courtesy of Truly Hard Seltzer
Boston Beer stung by declining hard seltzer demand
The Truly maker is under pressure as the once popular alcohol category has fallen out of favor with more consumers turning to ready-to-drink cocktails and other offerings.
By Christopher Doering • July 22, 2022 -
Courtesy of Amy's Kitchen
Amy's Kitchen closes California factory, eliminating 331 jobs
The organic foods company, which has been in the news for reports of employee mistreatment, said the San Jose frozen pizza facility had monthly operating losses of $1 million.
By Megan Poinski • July 21, 2022 -
Christopher Doering/Food Dive
How PepsiCo uses Stubborn Soda to win over new audiences
The premium beverage, which jumped from a retail offer to a restaurant exclusive, features unique flavor combinations and consumer-friendly attributes like Fair Trade Certified cane sugar.
By Christopher Doering • July 21, 2022 -
Courtesy of General Mills
How 5 food and beverage companies are preparing for a recession
CEOs are optimistic, but looking at potential changes in consumer behavior and buying power as they lay the groundwork for an uncertain future.
By Chris Casey • July 19, 2022 -
Courtesy of The Hershey Co.
Meat and dairy investors say climate inaction threatens their finances: study
More than half said they are not doing enough to make companies implement strategies like reducing greenhouse gases, according to a survey from Changing Markets Foundation.
By Chris Casey • July 19, 2022 -
Courtesy of Mars Inc.
Lawsuit claims artificial coloring in Skittles makes them 'unfit for human consumption'
The class action lawsuit takes Mars to task for using titanium dioxide — which is FDA approved but being banned in Europe — in the brightly colored candies.
By Megan Poinski • July 18, 2022 -
Christopher Doering/Food Dive
Deep DiveSmall candy makers forced to rethink their business strategies
Sweets manufacturers, many of them family owned, are doing away with long-time traditions in order to survive amid labor shortages, high costs and unreliable deliveries of some ingredients.
By Christopher Doering • July 18, 2022 -
Getty Images
Supply issues top CPG company leaders' concerns, study finds
The survey of more than 300 leaders at large U.S. companies found 62% of manufacturers have reformulated at least six products in the last two years, and nearly seven in 10 are looking for additional ingredient suppliers.
By Megan Poinski • July 18, 2022 -
Unsplash / Colton Sturgeon
Sponsored by NielsenIQRounding the bases: 4 ways SMBs can grow and scale during uncertain times
NielsenIQ survey frames how small and medium-sized businesses can win amid supply chain inflation.
July 18, 2022 -
Courtesy of PepsiCo
PepsiCo to build its largest US beverage plant in Colorado
The facility, which will create 250 jobs, is expected to open next summer and make drinks including Gatorade, bubly, Rockstar and its namesake soda.
By Christopher Doering • July 15, 2022 -
Courtesy of Ferrero
Ferrero will open innovation center in Chicago
The 45,000-square foot office space and R&D labs will bring together product formulators and food scientists from the sweets maker’s U.S. facilities, further establishing the importance of the North American market.
By Megan Poinski • July 15, 2022 -
Courtesy of Hershey
Chocolate sales slipping as prices increase to fight inflation
Hershey and snacking competitor Mondelēz International are reducing the weight of some products to offset rising costs, according to Reuters.
By Christopher Doering • July 14, 2022 -
Courtesy of Base Culture
Flowers Foods invests in keto bread maker Base Culture
The bakery giant will help the gluten- and grain-free company increase distribution, scale and marketing, as well as bolster manufacturing capabilities.
By Megan Poinski • July 14, 2022 -
Courtesy of Frito-Lay
PepsiCo considers more price hikes and product mix changes to combat inflation
The beverage and snacking giant saw a sizable revenue boost in the last quarter and increased its annual growth outlook to 10%, but is being cautious in the face of economic uncertainty.
By Christopher Doering • July 13, 2022
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