Corporate Operations: Page 74
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Justin Sullivan via Getty Images
Cutting meat, produce and cereal waste would have greatest environmental impact: EPA
In a new report, the agency said households and restaurants account for half of all waste, while food processing is responsible for 34 million metric tons per year.
By Chris Casey • Dec. 6, 2021 -
Getty Images
Deep DiveWhere the dollars go: Lobbying a big business for large food and beverage CPGs
Coca-Cola, PepsiCo, AB InBev and 27 other companies spend close to $40 million a year on issues including trade and taxes in an effort to make their voices heard by lawmakers and regulators.
By Christopher Doering • Dec. 6, 2021 -
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 -
Photo by Good Faces on Unsplash
Q&ACan Kraft Heinz cut the mustard on diversity and inclusion goals?
The company's 2025 aspirations include gender parity, proportional racial representation and a culture where all employees “truly feel included.”
By Caroline Colvin • Dec. 3, 2021 -
Rey Del Rio via Getty Images
Kellogg strike continues as workers vote 'overwhelmingly' to reject latest contract offer
With the walkout set to expand beyond nine weeks, the cereal maker said it has no choice but to hire permanent replacements for employees on the picket line.
By Chris Casey • Updated Dec. 7, 2021 -
Courtesy of Meati
Meati hires General Mills exec to smooth its path to market in 2022
Scott Tassani will bring 30 years' experience to the maker of mycelium-based meat alternatives, which aims to begin direct-to-consumer sales next year.
By Megan Poinski • Dec. 1, 2021 -
Carol Highsmith. (2005). "Apex Bldg." [Photo]. Retrieved from Wikimedia Commons.
Kraft Heinz, Tyson among 9 companies to receive FTC order for supply chain data
The information the agency will solicit is at the forefront of supply chain managers' day-to-day operations, such as the disruptions to obtaining and transporting products.
By Shefali Kapadia • Nov. 30, 2021 -
Justin Sullivan via Getty Images
Pabst names Ferrero executive as its new CEO
Paul Chibe, who will take over for Eugene Kashper on Dec. 1, said the 177-year-old beer maker has "huge unrealized potential."
By Christopher Doering • Nov. 30, 2021 -
Permission granted by Highlight
CPGs think inside the subscription box for product testing
New popcorn varieties developed by Cretors were mailed along with toothpaste and cereal to consumers' homes, providing the manufacturer with nearly instantaneous feedback.
By Christopher Doering • Nov. 30, 2021 -
Sean Gallup via Getty Images
3 ways Big Food is coming to terms with its climate impact
In the aftermath of the UN's COP26 climate conference, CPGs are ramping up their efforts around emissions cuts, deforestation and more.
By Chris Casey • Nov. 29, 2021 -
Michael Loccisano via Getty Images
OpinionHow to get prepared for the post-pandemic consumer
The key to riding the wave of disruption is decoding the behavioral signals around changing shopper attitudes toward food as they happen, writes Oliver Wright with Accenture.
By Oliver Wright • Nov. 29, 2021 -
Permission granted by The Giant Company
The Giant Company to test technology to boost brands in the alcohol aisle
The grocer's SocialShelf platform will help customers navigate the category in-store, particularly for "upscale wine and high-end craft beer," a company spokesperson said.
By Catherine Douglas Moran • Nov. 24, 2021 -
Permission granted by Mondelez International
Mondelēz to spend $123M on Virginia location expansion
The investment will fund construction of a new sales fulfillment center and the installation of a high-speed Oreo production line.
By Christopher Doering • Nov. 22, 2021 -
Courtesy of Greenleaf Foods
What's behind the slowdown in plant-based meat sales?
With major companies posting lower-than-expected revenues, the once-hot sector is looking less appealing to investors. Three analysts give their take on what happened and the segment's future.
By Megan Poinski • Nov. 22, 2021 -
adobe stock/ZinetroN
Sponsored by Comarch, Inc.Why automated sales reporting leads to better decision-making
Eliminate manual, unharmonized reporting, and develop advanced short and long-term strategies and make much better business decisions.
By Aneta Dyńka, Business Solution Manager • Nov. 22, 2021 -
Courtesy of J.M. Smucker
J.M. Smucker to build $1.1B plant for Uncrustables, creating up to 750 jobs
The Alabama facility will contribute to the company's goal of growing the brand over the next five years to about $1 billion in annual net sales.
By Christopher Doering • Nov. 19, 2021 -
Matthew Stockman via Getty Images
JBS enters cell-based meat with BioTech Foods acquisition and $100M investment
The world's largest meat company is the first to make an acquisition in the growing space, and plans to build a production facility in Spain and a cultivated meat R&D center in its home country of Brazil.
By Megan Poinski • Nov. 18, 2021 -
Courtesy of Chobani
Chobani reveals surging sales as it moves closer to IPO
The Greek yogurt maker, which plans to list on the Nasdaq under the symbol "CHO," posted revenue of $1.4 billion in 2020 with losses of $58.7 million, according to an SEC filing.
By Christopher Doering • Nov. 17, 2021 -
Permission granted by Sanderson Farms
Sanderson and Wayne Farms merger 'an opportunity that doesn't come along very often,' CEO says
Clint Rivers said the new company — which would be the third-largest U.S. poultry processor after the deal closes — will benefit from expansion into new categories and growing demand for chicken.
By Christopher Doering • Nov. 17, 2021 -
Courtesy of Del Monte Foods
Del Monte Foods doubles down on upcycled foods by reusing pineapple juice
The fruit and vegetable company said two of its Fruit Infusions cups have been declared Upcycled Certified and would redirect about 130,000 pounds of the liquid annually.
By Christopher Doering • Updated April 20, 2022 -
Retrieved from General Mills.
General Mills considering sale of Progresso, Hamburger Helper for $3B, Bloomberg reports
The CPG giant is working with Goldman Sachs on a potential sale, which also could include some smaller brands in its portfolio.
By Christopher Doering • Nov. 11, 2021 -
Courtesy of Beyond Meat
Beyond Meat shares tumble after company reports lower-than-expected revenues
Several factors contributed to the plant-based meat leader missing its targets, CEO Ethan Brown said, but he is optimistic about the company's future.
By Megan Poinski • Nov. 11, 2021 -
Retrieved from Dot's Homestyle Pretzels.
Hershey buys Dot's Homestyle Pretzels and its co-manufacturer for $1.2B
CEO Michele Buck calls the company's second-largest deal a "growth play" as the CPG giant expands its portfolio beyond confections into salty snacks popular with consumers.
By Christopher Doering • Nov. 10, 2021 -
Courtesy of Drinkworks
How the 'Keurig for cocktails' is tapping into rising home demand
Drinkworks, which makes beverages like White Russians and mojitos from pods, used COVID-19 to expedite its nationwide rollout, grow drink offerings and quicken the development of its new machine.
By Christopher Doering • Nov. 9, 2021 -
Courtesy of Schwan's Company
OpinionHow the rise in grocery e-commerce is reshaping food marketing
From creative sampling to building digital shelves, CPGs need innovative solutions to capture consumers who are scrolling instead of strolling, writes Schwan's Roberto Rios.
By Roberto Rios • Nov. 9, 2021 -
Courtesy of Kroger
Kroger unveils collaborative cloud platform as CPGs race to meet retail's new mandates
The offering, utilized by food companies such as Conagra Brands, aims to use consumer data to help them make marketing decisions and keep pace with supply chain disruptions.
By Peter Adams • Nov. 8, 2021
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