Corporate Operations: Page 78
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Permission granted by Fairlife
Coca-Cola and others agree to $21M settlement for Fairlife animal abuse lawsuits
In a statement, the dairy brand with $1 billion in annual sales outlined steps its supplying farms have taken to improve the welfare of their cows.
By Christopher Doering • May 3, 2022 -
Jamie McDonald via Getty Images
Consumers likely to 'trade down' to chicken as beef prices soar: report
A recent CoBank analysis found that poultry stands to benefit from more expensive red meat, despite facing high feed costs and a bird flu outbreak.
By Chris Casey • May 2, 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 -
Courtesy of Lavazza
Lavazza enters US ready-to-drink coffee market with its latest launch
The 127-year-old Italian company spent two years studying the crowded space in an effort to create an organic, low-calorie offering that was "distinctive and unique."
By Christopher Doering • April 29, 2022 -
Megan Quinn/Food Dive
Meatpackers push back against lawmakers' price-fixing charges
At a recent Congressional hearing this week, leaders of Tyson, JBS and Cargill argued that market forces, not consolidation, were to blame for higher meat prices.
By Chris Casey • April 29, 2022 -
Baltimore County Government. (2018). [Photograph]. Retrieved from Flickr.
McCormick's diverse supplier network helps shield it from Ukraine impacts
No single raw material makes up more than 5% of the company's total cost of goods sold, according to CFO Mike Smith.
By Alejandra Carranza • April 28, 2022 -
Courtesy of Jack Link's Protein Snacks
Jerky maker Jack Link's spending $450M on new Georgia plant, creating 800 jobs
The facility, which is scheduled to be operational at the end of 2023, would be the first U.S. location for the meat snacks maker outside of the Midwest.
By Christopher Doering • April 28, 2022 -
Courtesy of PIPA
Mars partners with AI provider to accelerate functional food development
The multi-year agreement with PIPA will bring an algorithm searching biomedical data, scientific publications and clinical trials to the company's human and pet divisions.
By Megan Poinski • April 27, 2022 -
Courtesy of Kraft Heinz
Kraft Heinz doubles down on innovation with new chip and sauce dips
The TikTok-inspired Dip & Crunch comes as CPGs accelerate new product offerings to attract consumers as they compete against other large firms and scrappy upstarts.
By Chris Casey • April 27, 2022 -
Courtesy of Chobani
Chobani to end production of dairy milk after less than 3 months
The dairy giant, which has spent the past several years expanding its product offerings, said it is being impacted by inflation and that it came to the "tough conclusion" to exit the category.
By Christopher Doering • April 26, 2022 -
FDA investigating illness linked to Lucky Charms
Over 231 consumers have told the agency that the General Mills cereal made them sick, with thousands more reporting illness online, though the source remains unclear.
By Chris Casey • April 25, 2022 -
Permission granted by Mars Wrigley
Mars Wrigley announces new candy and snack R&D hub
The new $40 million facility will be adjacent to the confectioner's global headquarters on Goose Island in Chicago, and affirms the company's commitment both to the Windy City and innovation.
By Megan Poinski • April 22, 2022 -
Mario Tama via Getty Images
Unilever tightens restrictions on food marketing targeted at kids
A more stringent policy recognizes the power of social media and influencers, with the Ben & Jerry's maker pledging it won't message to those under 16.
By Peter Adams • April 21, 2022 -
Scott Olson via Getty Images
Oatly hires industry veterans to build executive team
Jean-Christophe Flatin, with more than 30 years of experience at Mars, is the new global president, and Danone and Unilever veteran Daniel Ordonez will become chief operating officer.
By Megan Poinski • April 21, 2022 -
Permission granted by Halo Top
After a sharp decline in sales, Halo Top changes its recipe
The ice cream, which faces mounting competition, is switching to ultra-filtered milk to create a creamier feel while keeping the same taste and low-calorie count.
By Christopher Doering • April 19, 2022 -
Permission granted by Flow Beverage
Former Nestlé water chief thirsts for differentiation as CEO of Flow Beverage
The company has seen revenue surge sevenfold over three years to $34 million as more stores stock its alkaline liquid with paper packaging.
By Christopher Doering • April 18, 2022 -
Permission granted by Tate & Lyle
Sponsored by TraceGainsTate & Lyle names 2022 food and beverage trends
With more pressing concerns, it’s easy to think brands might be overlooking longer-term goals, such as new product development.
April 18, 2022 -
Getty Images
Food-at-home prices jump 10% as supply chain, Ukraine war pressures mount
The latest Consumer Price Index data shows hefty yearly increases for meat and flour, while butter saw the largest monthly price increase in March.
By Chris Casey • April 14, 2022 -
Scott Olson via Getty Images
Inflation may be hitting a 'tipping point' for consumers
Food retailers have benefited from higher prices up to this point, but as inflation tops 8%, experts say some consumers will start to change their shopping habits.
By Jeff Wells • April 14, 2022 -
Permission granted by Conagra Brands
Conagra's Evol brand to introduce carbon-neutral frozen meals
The CPG giant said eight single-serve offerings will reach store shelves starting in June and be verified by the Carbonfree Product Certification Program.
By Christopher Doering • April 13, 2022 -
Retrieved from TreeHouse Foods on July 01, 2016
TreeHouse Foods names new director to board following agreement with Jana
The activist investor, which has a 9.2% stake in the private label food maker, has been agitating for a sale and other changes at the company for more than a year.
By Christopher Doering • April 13, 2022 -
Courtesy of Hostess
Hostess taps former Kraft Foods executive as CFO
Travis Leonard is stepping in as the baked sweets maker shifts its focus from debt reduction to mergers and acquisitions.
By Maura Webber Sadovi • April 11, 2022 -
Courtesy of Beyond Meat
Beyond Meat to settle investor lawsuit about co-manufacturer dispute
The plant-based meat maker plans to pay attorneys' fees, create a risk committee and make changes to its board makeup, but the underlying litigation with Don Lee Farms is still pending.
By Megan Poinski • April 11, 2022 -
Courtesy of Kerry
Kerry buys ayurvedic ingredients maker Natreon
The deal brings several functional herbs and extracts associated with Indian traditional health practices to the Irish company's portfolio.
By Megan Poinski • April 7, 2022 -
Permission granted by Del Monte Foods
Del Monte pledges to hit net zero emissions by 2050
The canned produce company plans to reduce or eliminate most of its existing emissions through practices like regenerative agriculture or earth-friendly packaging.
By Christopher Doering • April 7, 2022 -
Kena Betancur via Getty Images
IPOs in Americas plummet 72% during first quarter: EY
Despite several companies going public in recent years, the food and beverage sector has been largely quiet in 2022, with firms like Chobani deciding to delay listing their shares.
By Jim Tyson , Christopher Doering • April 5, 2022
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