Corporate Operations: Page 76
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Permission granted by Hershey
Hershey wakes up to the power of morning snacking
Long dominant in afternoon and evening sweets, the maker of Reese's and Kisses is targeting earlier parts of the day as consumers change their eating habits.
By Christopher Doering • Oct. 12, 2021 -
Rey Del Rio via Getty Images
Labor crisis roils the food industryStriking Kellogg employees won't bow to lawsuit pressure, labor rep says
In new comments, the cereal giant said the union "grossly misrepresented" its contract proposals, and the company remains "ready, willing and able" to negotiate despite the legal action.
By Chris Casey • Updated Oct. 13, 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 -
Rey Del Rio via Getty Images
Labor crisis roils the food industryKellogg plans to permanently replace some striking cereal workers
As negotiations with the union stall, the company says it plans to fully hire some of the temporary workers it brought in to keep its plants running.
By Chris Casey • Updated Nov. 23, 2021 -
Courtesy of Constellation Brands
Constellation Brands latest to face headwinds in slowing hard seltzer space
The beverage company plans to change the flavor and taste of its Corona Hard Seltzer to "better align" with changing consumer preferences and differentiate itself in a crowded category, according to its CEO.
By Christopher Doering • Oct. 8, 2021 -
Courtesy of International Flavors & Fragrances
IFF CEO announces his retirement, adding to executive turnover
Andreas Fibig will stay on while his replacement is found, which will likely be at the beginning of 2022. Since September, the ingredients megacompany has added a new CFO and two division presidents.
By Megan Poinski • Oct. 7, 2021 -
Permission granted by WZZM-13
Labor crisis roils the food industryLabor strikes target Big Food as workers seize on industry turmoil
Workers at Kellogg, Mondelēz and Frito-Lay are demanding concessions from companies at a time of labor shortages, increased product demand and supply chain disruption across the U.S.
By Chris Casey • Oct. 6, 2021 -
Permission granted by PepsiCo
How PepsiCo is harnessing data to help retailers increase sales
The food and beverage giant's Pepviz platform uses analytics, data science and other tools to ensure a store is carrying the right product mix and optimizing shelf space.
By Christopher Doering • Oct. 4, 2021 -
Christopher Doering/Food Dive
Private label losing ground to name brands, IRI says
Supply chain challenges and consumers flush with cash have benefited national offerings, but inflation and the end of government aid programs could soon help store brands.
By Christopher Doering • Sept. 30, 2021 -
Scott Olson via Getty Images
Nestlé, Campbell Soup 'highly exposed' to climate risks, investor group warns
The food giants were among 50 large companies most at physical risk to droughts, wildfires, floods and other environmental dangers, according to a report by the Institutional Investors Group on Climate Change.
By Chris Casey • Sept. 29, 2021 -
Permission granted by Sovos Brands
Sovos Brands' CEO finds success in embracing 'one-of-a-kind' disruptive products
The owner of offerings such as Rao's and Noosa, which went public last week, has rapidly grown by touting high quality, clean-label ingredients.
By Christopher Doering • Sept. 29, 2021 -
Courtesy of ShineWater
Anheuser-Busch to distribute vitamin D-loaded ShineWater
The beer giant will use its own network to expand the functional drink's availability as consumers latch onto products that do more than provide sustenance or refreshment.
By Christopher Doering • Sept. 27, 2021 -
Joe Raedle via Getty Images
AB InBev CFO: 'You can't hide when a pandemic hits'
“The whole debate over finance and ESG, that you either choose one or the other, is a false dilemma. They go hand in hand,” Fernando Tennenbaum said.
By Jane Thier • Sept. 24, 2021 -
Courtesy of CJCJ Food, Americas
Red Baron pizza maker aims for a bigger slice of the market
As demand grows for more frozen options, Schwan's is turning to premium, single-serve and better-for-you offerings to boost sales in the $6 billion category.
By Christopher Doering • Sept. 22, 2021 -
Retrieved from Kraft Heinz.
Justice Department requires Polly-O and Athenos divestitures after Kraft Heinz-Lactalis deal
Both sales were in process, but the federal government filed a lawsuit ordering them to happen, saying action is necessary to avoid monopolies.
By Christopher Doering • Updated Nov. 11, 2021 -
Permission granted by Chobani
Yogurt giant Chobani enters the peanut butter category
The company said it will donate profits from the line of enhanced spreads for adults, children and infants to the hunger nonprofit Edesia Nutrition.
By Christopher Doering • Sept. 20, 2021 -
Permission granted by Danone
Danone's Evian partners with Loop on water bottle made with recycled plastic
The new packaging continues the brand's sustainability push, while providing validation for the upstart's technology that has drawn skepticism.
By Christopher Doering • Sept. 20, 2021 -
Sean Gallup via Getty Images
Surge in greenhouse gas pledges from CPGs prompts Cargill to pay farmers to collect carbon
The food and agricultural giant said demand from manufacturers to lower their environmental footprint is robust, but more financial incentives are needed to get producers to meet this growth.
By Christopher Doering • Sept. 16, 2021 -
Courtesy of Gopuff
Gopuff launches small business accelerator for underrepresented CPG entrepreneurs
The program provides brands with monthly workshops, networking events and one-on-one sessions with the e-tailer's marketing, merchandising and supply chain teams.
By Catherine Douglas Moran • Sept. 16, 2021 -
Courtesy of Kraft Heinz
OpinionReady for the 'Great Reset'? How digital transformation can future-proof food manufacturing
Modern technology can remake the sector into a resilient and responsive business, even through the turmoil of the pandemic, writes Keith Chambers of Aveva.
By Keith Chambers • Sept. 16, 2021 -
Permission granted by Mondelez International
Mondelēz tests new snack bar made using mechanical pressure and ultrasound energy
The CPG giant's Dirt Kitchen brand is using technology developed by Israel-based Torr FoodTech to create a product that has a unique multi-texture and maintains the nutritional value of the ingredients.
By Christopher Doering • Sept. 14, 2021 -
Courtesy of Tyson Foods
Consumer Brands Association asks Biden for vaccine regulation clarity
To keep manufacturing lines staffed by employees inoculated against COVID-19, the trade group says it needs to know details about vaccine documentation, testing requirements and how to continue operations.
By Megan Poinski • Sept. 13, 2021 -
Joe Raedle via Getty Images
Anheuser-Busch taps new CMO, adds marketing role in C-suite shuffle
The shakeup sees the brewing company making significant moves toward advancing its consumer-first media strategy.
By Asa Hiken • Sept. 9, 2021 -
Tim Boyle via Getty Images
Kellogg investing $45M to revamp North American supply chain
The CPG giant has cut jobs as part of its effort to meet high demand for ready-to-eat cereal by shifting production to more efficient facilities.
By Chris Casey • Sept. 8, 2021 -
Courtesy of Tyson Foods
Tyson wins union support for worker vaccine mandate
An agreement with the United Food and Commercial Workers International Union granting paid sick leave to fully vaccinated employees comes shortly after the FDA approved Pfizer's COVID-19 shot.
By Jessi Devenyns • Sept. 6, 2021 -
Alex Wong via Getty Images
Kraft Heinz paying $62M to settle SEC investigation over its accounting
The agency said the CPG giant engaged "in a long-running expense management scheme" that resulted in the restatement of several years of financial reporting. The company did not admit to or deny the findings.
By Christopher Doering , Megan Poinski • Updated Sept. 3, 2021
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