Corporate Operations: Page 77

  • Hershey's chocolate bars are shown on July 16, 2014 in Chicago, Illinois.
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    Scott Olson via Getty Images
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    Hershey adds distribution centers to boost capacity ahead of Halloween

    Three new facilities will help the chocolate maker meet demand it hasn't been able to fulfill.

    By Alejandra Carranza • May 23, 2022
  • Grocery shoppers buying wine at a self-checkout station
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    Getty Images
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    Consumers wrestle with shortages, sticker shock in the grocery aisle

    The combination of hard-to-find food items and higher prices is opening a window of opportunity for private label brands, according to Morning Consult research.

    By • May 20, 2022
  • A person in a grocery store putting items in a smart cart. Explore the Trendline➔
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    Courtesy of Instacart
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    Trendline

    Top 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
  • Evo Foods shows off its plant-based eggs in San Francisco in April 2022.
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    Permission granted by Evo Foods
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    Ginkgo Bioworks partners with Evo Foods on animal-free eggs

    The U.S. biotech company will offer its scientific expertise in precision fermentation to help the Indian plant-based CPG create an ingredient to use in its products.

    By • May 19, 2022
  • Benson Hill soybeans
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    Courtesy of Benson Hill
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    Cargill to build soybean processing facility to meet rising oilseed demand

    The company plans to break ground on the plant early next year and expects it to be operational in 2026. Once completed, the new structure will create about 45 full-time positions.

    By • May 19, 2022
  • Dippin' Dots
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    Permission granted by Dippin' Dots
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    Dippin' Dots to be acquired by Icee owner J&J Snack Foods for $222M

    The snack maker said the purchase will complement its existing frozen business and leverage its expertise to grow the ice cream brand and enter new markets.

    By • May 19, 2022
  • Deliwich, Nestle, Hot Pockets,
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    Courtesy of Nestle
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    Nestlé's Hot Pockets brand enters portable sandwich market

    The Deliwich is designed to be taken on-the-go frozen and ready to eat by lunchtime. It will compete against offerings like J.M. Smucker's Uncrustables.

    By • May 18, 2022
  • Golden Wing, Molson Coors, milk
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    Courtesy of Molson Coors
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    Beer giant Molson Coors taps into plant-based milk

    Golden Wing is part of the company's goal to reach $1 billion in revenue by 2023 from its emerging growth division launched three years ago.

    By • May 17, 2022
  • Eat Just's Good Meat chicken in a stir fry
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    Courtesy of Eat Just
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    ADM partners with Eat Just on cell-based meat growth medium and product development

    This is the ingredient powerhouse's first agreement in the cultivated meat space, and the company says it fits in with its strategic focus on alternative proteins.

    By • May 17, 2022
  • Meat at a Safeway in Washington, D.C.
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    Catherine Douglas Moran/Food Dive
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    Meat processors used 'baseless' claims of shortages to keep plants open during COVID-19: report

    A congressional investigation said Tyson and others influenced a Trump order to ensure facilities would continue operating despite local and state health measures.

    By • Updated May 17, 2022
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    Spencer Platt via Getty Images
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    Consumers 'laser-focused' on discounts as food prices hit four-decade high

    Shoppers are actively trading down as the cost of meat, eggs, butter and other staples soar, according to an analyst.

    By • May 13, 2022
  • Brightseed
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    Permission granted by Brightseed
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    Brightseed raises $68M to accelerate artificial intelligence work

    The creator of Forager AI, which maps the health impact of plant-based compounds, plans to use the funding to launch its first FDA-GRAS ingredient. 

    By • May 12, 2022
  • Beyond Meat's Beyond Burger
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    Courtesy of Beyond Meat
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    Beyond Meat shares drop as jerky costs drive $100.5M loss

    President and CEO Ethan Brown said the internal costs the company incurred will pay off in the long run, but analysts seem to be skeptical of the strategy.

    By • May 12, 2022
  • Tootsie Roll Power Plant
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    Nitram242. (2017). "Tootsie Roll Power Plant" [Photograph]. Retrieved from Flickr.
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    Tootsie Roll could pause production lines due to delayed supplier deliveries

    Ingredients and packaging suppliers have failed to meet promised delivery dates due to rail and truck constraints, the candy manufacturer said.

    By Alejandra Carranza • May 11, 2022
  • BERKELEY, CA - SEPTEMBER 23: Boxes of Cheerios ceral, made by General Mills, sit on the shelf at a grocery store September 23, 2009 in Berkeley, California. General Mills Inc. reported a 51 percent ju
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    Getty Images
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    General Mills to buy frozen pizza crust maker to boost away-from-home business

    The purchase of TNT Crust for an undisclosed amount will add to the fold a fast-growing company while increasing the CPG's exposure to the popular meal offering.

    By • May 11, 2022
  • TreeHouse Foods logo with green squares around it
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    Retrieved from TreeHouse Foods on July 01, 2016
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    TreeHouse Foods: Inflation is a boon to private label demand

    The maker of store-branded products said its offerings are making inroads across multiple retail channels and among consumers in all earnings brackets. 

    By • May 10, 2022
  • Tyson Foods
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    Permission granted by Tyson Foods
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    Tyson's sales climb to $13B as meat industry profits are scrutinized

    The meat and poultry giant's CEO said the financial increases are par for the course as inflation rages.

    By • May 10, 2022
  • At Granja Avicola Pujols, a layers eggs production in San Sebastian, PR, Here, here chickens live under a dawn and sunset light-simulator to help promote a healthy egg production.
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    Preston Keres. (2018). "20180321-OC-PJK-7623_TONED" [photograph]. Retrieved from U.S. Department of Agriculture.
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    Avian influenza impacts 37.5M birds in commercial and backyard flocks

    While the outbreak seems to be hitting more egg laying operations, bigger companies say they are not yet drastically affected.

    By • May 10, 2022
  • cereal aisle
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    Thai Phi Le/Food Dive
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    Kellogg aims for cereal market share recovery after strikes, supply woes

    The company, which saw a 10% year-over-year decline in net cereal sales in the first quarter, said it has a plan to buoy growth in the second half of the year.

    By • May 9, 2022
  • Kraft Heinz and Van Leeuwen worked together to create Macaroni & Cheese ice cream.
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    Courtesy of Kraft Heinz
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    Why Kraft Heinz is making Macaroni & Cheese ice cream and Grey Poupon wine

    The launches are part of an effort to build relevance for iconic brands in a way that aims to combine whimsy and consumer interest into items that attract both social media attention and sales.

    By • May 9, 2022
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    Dan Kitwood via Getty Images
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    Tate & Lyle buys chickpea ingredients company Nutriati

    The acquisition comes six months after the ingredients giant agreed to distribute the upstart's offerings used in non-dairy, plant-based meat and gluten-free products.

    By • May 5, 2022
  • Whole Earth Brands, sugar, sweetener, equal
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    Permission granted by Whole Earth Brands
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    Whole Earth Brands carves out its sweet spot in alternative sweeteners

    The company's portfolio of products like Wholesome and Equal are designed to give consumers more choice and position it to grab a bigger slice of the $100 billion market dominated by sugar.

    By • May 5, 2022
  • An apple dipped in Voyage Foods' peanut-free peanut butter
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    Courtesy of Voyage Foods
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    Voyage Foods gets $36M investment to scale up

    The California company that recreates chocolate, peanut butter and coffee on a molecular level is planning product launches later this year.

    By • May 5, 2022
  • Conagra Brands, Duncan Hines
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    Retrieved from Conagra Brands.
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    Conagra names McDonald's exec to head grocery and snacks business

    Lucy Brady will take over as president starting June 15 and focus on keeping the CPG's brands relevant amid evolving consumer demands and trends.

    By • Updated May 6, 2022
  • Krave, jerky
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    Permission granted by Sonoma Brands
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    Deep Dive

    Lost and found: Brands neglected by large CPGs thrive under new ownership

    Krave jerky, Funfetti baking products and Häagen-Dazs are just a few of the lines that have flourished after being divested, with their new owners spending more on marketing, innovation and improving product quality.

    By • May 3, 2022
  • Celebrity co-founders of Thomas Ashbourne Craft Spirits
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    Courtesy of Thomas Ashbourne Craft Spirits
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    Celebrity-created RTD cocktails hit shelves with new Thomas Ashbourne brand

    The line, which features drinks designed by Sarah Jessica Parker and John Cena, among others, mixes trendy high-end spirits and entertainment icons.

    By • May 3, 2022