Corporate Operations: Page 71
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Courtesy of Coca-Cola
Alcohol is in ‘the experimentation bucket’ for Coca-Cola, CEO says
James Quincey told analysts the beverage giant wants to see whether early innovations gain traction before deciding whether to invest larger sums of money and make booze a bigger part of its future.
By Christopher Doering • Sept. 16, 2022 -
Scott Olson via Getty Images
Beam Suntory to invest $400M in sustainable expansion of Jim Beam distillery
The project will increase the Kentucky facility’s capacity by 50% while cutting its greenhouse gas emissions in half.
By Christopher Doering • Sept. 16, 2022 -
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 -
(Scott Olson/Getty Images) via Getty Images
Potential food crisis averted as rail strike deal is reached
The agriculture industry warned a shutdown would have overwhelmed grain storage facilities and delayed deliveries, dealing a blow to a food sector already reeling from inflation and supply chain challenges.
By Chris Casey , Sarah Zimmerman • Sept. 15, 2022 -
Sean Gallup via Getty Images
PepsiCo, ADM partner to cut carbon through regenerative agriculture
Once implemented, the companies said projects could reach 2 million acres of farmland by 2030 and eliminate 1.4 million metric tons of greenhouse gases.
By Christopher Doering • Sept. 15, 2022 -
Courtesy of McCormick
Inflation, supply chain woes weigh on spice maker McCormick
The flavoring giant is among a handful of food and beverage makers to lower their outlook or report challenges to their businesses in recent months amid a volatile economic environment.
By Christopher Doering • Sept. 15, 2022 -
Courtesy of J.M. Smucker
JM Smucker creates Transformation Office to drive profits
Amy Held will lead in the new role of chief transformation officer, as the maker of Jif and Folgers prioritizes productivity and margin enhancement.
By Samantha Oller • Sept. 15, 2022 -
Getty Images
Price increases are weighing on food volumes, IRI finds
As CPGs pass along higher costs to consumers, a few categories have proven resistant to declines, according to an analysis of August sales data.
By Chris Casey • Sept. 14, 2022 -
Courtesy of Plenty
Plenty to invest $300M in indoor vertical farm campus
The 120-acre complex in Virginia will be capable of producing more than 20 million pounds of fruits and vegetables, with berry giant Driscoll’s among its first customers.
By Samantha Oller • Sept. 14, 2022 -
Getty Images
Safety issues incubate disaster in food and beverage supply chains
An Abbott formula recall and a Family Dollar rodent infestation underscore how systematic failures can compromise safety.
By Jen A. Miller • Sept. 14, 2022 -
Permission granted by Mars Wrigley, ice cream
Inside Mars Wrigley’s ‘bold ambition’ to create a $1.1B ice cream business
More than three decades after buying Dove Bar, the candy giant behind Snickers and M&M’s is harnessing innovation and e-commerce to drive its expansion in frozen treats.
By Christopher Doering • Sept. 14, 2022 -
Scott Olson via Getty Images
Kraft Heinz names new chief growth officer
Diana Frost has worked with marketing and innovation for the CPG giant for two years, playing a big role in its joint venture with artificial intelligence-powered NotCo.
By Megan Poinski • Sept. 13, 2022 -
FDA closes investigation into reported illnesses from Lucky Charms
The agency said it could not identify a cause behind self-reported sicknesses that consumers linked to the cereal, “despite extensive testing.”
By Chris Casey • Sept. 12, 2022 -
Courtesy of Gotham Greens
Gotham Greens raises $310M and makes first acquisition
The new funding and purchase of Virginia-based FresH2O Growers brings the indoor farming company closer to delivering fresh produce to 90% of U.S. consumers within a day’s drive of its greenhouses.
By Samantha Oller • Sept. 12, 2022 -
Courtesy of Kellogg
Kellogg debuts portable cereal with ‘instantized milk’
On-the-go consumers can create the dairy beverage by adding cold water to the bowl and stirring, according to the company.
By Chris Casey • Sept. 9, 2022 -
Getty Images
Blendtek partners with Bunge on plant protein ingredients
The Canadian formulation company now offers the commodity giant’s soy, pea, faba, lentil and mung bean proteins — including concentrates, isolates, powders and textures.
By Megan Poinski • Sept. 8, 2022 -
Permission granted by Wicked Kitchen
Good Catch acquired by Wicked Kitchen
The all-stock deal brings the plant-based brands created by brothers Derek and Chad Sarno under one company, while the seafood alternative maker’s previous owner Gathered Foods will concentrate on the development space.
By Megan Poinski • Sept. 8, 2022 -
Courtesy of Chobani
Chobani pulls planned IPO
A spokesperson with the Greek yogurt maker cited “current market conditions” as the reason for the delay and said the company remains focused on “execution and driving profitable growth.”
By Christopher Doering • Sept. 2, 2022 -
Courtesy of PepsiCo
Gatorade debuts its first-ever caffeinated energy drink Fast Twitch
The beverage, which has no sugar or carbonation, contains 200 milligrams of caffeine and B vitamins. It will hit store shelves in February.
By Christopher Doering • Sept. 1, 2022 -
Retrieved from Ohio Southeast Economic Development on August 31, 2022
General Mills invests $100M to expand Totino’s pizza plant
The project will add 30 new jobs to the Southeast Ohio facility, which is one of the CPG’s largest in the United States.
By Samantha Oller • Sept. 1, 2022 -
Alex Wong via Getty Images
Kraft Heinz opens new California distribution center
The facility will focus on operational speed and help reduce the CPG’s carbon footprint.
By Megan Ruggles • Aug. 31, 2022 -
Retrieved from Dot's Homestyle Pretzels.
Deep DiveHow CPGs are using M&A to boost manufacturing amid supply disruptions
While dealmaking often focuses on food or beverage brands, more companies are buying plants to ramp up production, widen an offering’s reach and lessen dependence on outside manufacturers.
By Christopher Doering • Aug. 31, 2022 -
Getty Images
Kraft Heinz to sell powdered cheese business to Kerry Group for $107.5M
The deal includes a Minnesota manufacturing facility and its employees, and would bolster the Irish company’s ingredients portfolio.
By Megan Poinski • Updated Aug. 30, 2022 -
Spencer Platt via Getty Images
Goya boycott after CEO’s praise of Trump resulted in higher sales: study
Net sales jumped 22% two weeks after a social media backlash triggered by Robert Unanue’s comments about the former president, analysis from Cornell researchers found.
By Samantha Oller • Aug. 30, 2022 -
Justin Sullivan via Getty Images
Carbon dioxide shortage threatens beer and food manufacturing
High demand for beverages and contamination at a natural source have tightened supplies of the gas, which may continue in coming months.
By Megan Poinski • Aug. 29, 2022 -
Permission granted by Hain Celestial
Hain Celestial CEO: Demand for health and wellness products strong despite recent ‘softening’
Mark Schiller said his company tends to be “the opening price point” for natural and organic, giving consumers brands to turn to even if they decide to trade down.
By Christopher Doering • Aug. 29, 2022
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