Corporate Operations: Page 70
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Mario Tama via Getty Images
Nearly 80% of food and beverage companies have passed on higher costs to customers, survey finds
According to Mazars' research, 83% of respondents expected sales to increase in 2022, while 54% identified higher shipping costs as their primary concern.
By Christopher Doering • March 14, 2022 -
Courtesy of Chobani
Top Chobani execs leaving as yogurt giant delays IPO, WSJ reports
The company, which may not go public until later this year or in 2023, is losing several key people in its C-suite, including President and COO Peter McGuinness.
By Christopher Doering • March 11, 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 -
Courtesy of Frito-Lay
ColumnLeftovers: Lay's taps Lionel Messi for a legendary chip variety; Clif gets slim for on-the-go snacking
The PepsiCo-owned brand honors the decorated soccer star with a standout bag, and Godiva chills out with new ice cream pints.
By Food Dive staff • March 11, 2022 -
Courtesy of Sweet Earth
Nestlé's Sweet Earth to shutter California plant, lay off 104 workers
The food giant said the changes are effective May 6. It plans to shift production of plant-based meat offerings to a facility in Ohio.
By Christopher Doering • March 10, 2022 -
Getty Images
How food and beverage companies are responding in Russia
Mars, Nestlé, PepsiCo and Danone are just a few of the large CPGs to stop investments, sales, advertising or other activities as the Ukraine invasion continues.
By Food Dive Staff • Updated June 29, 2022 -
Courtesy of Impossible Foods
Motif FoodWorks moves for Impossible Foods' patent to be revoked
This petition, which comes after the plant-based meat maker sued the ingredient company over its heme product, argues that the patent at the center of the dispute shouldn't have been granted in the first place.
By Megan Poinski • Updated April 20, 2022 -
Courtesy of Danone
Danone vows 'no sacred cows' as dairy giant prunes portfolio to boost growth
The company said it would improve performance in troubled offerings like Horizon Organic, invest more in winning products like Oikos and reposition the portfolio by selling existing brands and buying new ones.
By Christopher Doering • March 9, 2022 -
Tim Boyle via Getty Images
Coca-Cola and PepsiCo latest CPGs to suspend business in Russia
The soda giants join Kellogg, Kraft Heinz and others in ending or meaningfully scaling back operations in the country amid pressure from consumers and investors.
By Christopher Doering • March 9, 2022 -
Permission granted by Nestle
Nestlé to build $675M beverage factory in Arizona, creating more than 350 jobs
The plant will produce creamers, including its Coffee mate, Coffee mate natural bliss and Starbucks brands, with the capacity to add other offerings.
By Christopher Doering • March 9, 2022 -
Permission granted by Hostess Brands
Hostess Brands to invest up to $140M to retrofit idle plant for Donettes and cakes
The snacks maker said the Arkansas bakery is expected to be operational in the second half of 2023 and create about 150 new jobs during the next three years.
By Christopher Doering • March 8, 2022 -
Permission granted by Unilever
Unilever commits to annual nutritional report
The global CPG giant says it will publish its first report measuring its food products against governmental health goals by October.
By Megan Poinski • March 8, 2022 -
Permission granted by Tyson Foods
Tyson venture initiative to invest in sustainability tech
The meat giant is using its investment arm to source new ideas from startups to help lower its environmental footprint.
By Chris Casey • March 7, 2022 -
Courtesy of HumanCo
After 17 years of plant-based ice cream, why HumanCo rebranded Coconut Bliss and added dairy
The legacy flavors will continue, but company Founder and CEO Jason Karp said most consumers want clean-label, sustainable desserts made with dairy.
By Megan Poinski • March 7, 2022 -
Paula Bronstein via Getty Images
DOJ investigates poultry companies over anticompetitive labor practices, WSJ reports
The government is reviewing whether producers engaged in sharing information about employment practices that kept wages lower for workers.
By Christopher Doering • March 4, 2022 -
Permission granted by Phytolon
Ginkgo Bioworks partners with Phytolon on natural colors
The biotech powerhouse will work to improve and scale processes of the Israel-based company that uses precision fermentation to make yellow, purple and pink pigments.
By Megan Poinski • March 3, 2022 -
Permission granted by Ingredion
Disruption has drawn ingredient suppliers and food manufacturers closer, Ingredion CEO says
Jim Zallie said reduced R&D budgets, changing consumer tastes and an urgency to get products to market faster has created "more intimate relationships" between the two sides.
By Christopher Doering • March 3, 2022 -
Getty Images
OpinionHow to reintroduce sampling to the post-pandemic consumer
As shoppers shift their grocery spending online, food CPGs should consider these opportunities to connect, writes Jeff Snyder of Inspira Marketing Group.
By Jeff Snyder • March 3, 2022 -
Permission granted by Air Protein
Q&AHow Air Protein is making the journey from concept to product
The startup that makes carbon dioxide into a meat analog has been turning science and the need for more sustainability into something co-founder and CEO Lisa Dyson says can feed the world.
By Megan Poinski • March 2, 2022 -
Retrieved from Lifeway Foods.
Lifeway Foods in turmoil as family members push company to oust CEO, explore 'strategic alternatives'
The outcome could hinge on the opinion of dairy giant Danone, which owns 22.4% of the kefir maker's stock, making it the single-largest shareholder.
By Christopher Doering • March 1, 2022 -
Permission granted by Belgian Boys
Kind founder's fund leads $7M Belgian Boys investment
Through the money and a partnership, Daniel Lubetzky's Equilibra Ventures will help the European-style sweet snacks and breakfast company expand globally.
By Megan Poinski • March 1, 2022 -
Permission granted by Hain Celestial
Tea gets a wellness boost as Hain, Twinings aim to wake up the category
While sales in the segment have been largely flat to down in recent years, more consumers are turning to offerings with attributes like probiotics, relaxation, energy and immune support.
By Christopher Doering • March 1, 2022 -
Courtesy of Beyond Meat
As plant-based meat growth stalls, what does it mean for the category?
Earnings reports last week for Beyond Meat and Maple Leaf Foods showed flat or negative growth — and no clear way to jumpstart sales.
By Megan Poinski • Feb. 28, 2022 -
Courtesy of Johnsonville
Deep DiveFood suppliers wade into logistics as trucking rates soar
Businesses can't evade the trucking market, but there are strategies they can adopt to lessen the impact of market forces.
By Shefali Kapadia • Feb. 25, 2022 -
Christopher Furlong via Getty Images
Wheat's inflationary yearFood commodity prices soar as Russia invades Ukraine
With the two countries serving as major exporters of wheat, corn and other crops, the conflict is set to further roil ingredient and food prices and compromise supply.
By Samantha Oller • Feb. 25, 2022 -
Courtesy of Good Culture
Good Culture raises $64M for cultured foods expansion
The cottage cheese brand has attracted funding from investors including actress Kristen Bell as it looks to bring health benefits like probiotics into new product categories.
By Chris Casey • Feb. 24, 2022
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