Corporate Operations: Page

  • Tastewise founders Eyan Gaon and Alon Chen, wearing shirts with their company name, sit on a round bench in an office.
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    Courtesy of Tastewise
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    How Tastewise uses artificial intelligence to bridge the gap between consumers and food trends

    The Israeli company’s recent $17 million funding round is helping it expand the social, recipe and restaurant data it looks through to determine what consumers truly want.

    By • Aug. 8, 2022
  • Packaging for Kellogg's MorningStar Farms Incogmeato brand.
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    Courtesy of Kellogg
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    MorningStar Farms sales drop 10% on supply disruption

    Kellogg said the brand’s “uncharacteristic” decline was mostly caused by issues at a co-manufacturer and the company is focused on restoring supply.

    By • Aug. 5, 2022
  • Mergers and acquisitions Explore the Trendline➔
    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
  • A large package of Beyond Meat burgers sits in a shopping cart.
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    Courtesy of Beyond Meat
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    Beyond Meat cuts outlook and employees as sales and earnings disappoint

    As higher prices and inflation lead consumers to trade down at the grocery store, CEO Ethan Brown said the company is focusing on reducing its operational expenses.

    By • Aug. 5, 2022
  • Monster
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    Justin Sullivan via Getty Images
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    Monster to debut first flavored malt beverage alcohol product

    While known for energy drinks, the company entered booze earlier this year with the purchase of Canarchy. It currently has a “robust” pipeline to grow in the category, according to its co-CEO.

    By • Aug. 5, 2022
  • A group of people pose with a giant pair of red-handled scissors cutting a blue ribbon in front of Firmenich's new building
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    Courtesy of Firmenich
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    Firmenich and IFF open high-tech facilities to speed product development

    The Switzerland-based company’s new plant in California strengthens its U.S. presence, while IFF’s culinary design center in Denmark is part of its Re-Imagine Protein Innovation Program.

    By • Aug. 4, 2022
  • A headshot of Motif FoodWorks CEO Michael Leonard
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    Courtesy of Motif FoodWorks
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    Motif FoodWorks names new CEO

    Michael Leonard, the company’s longtime chief technology officer, takes the helm immediately while former leader Jonathan McIntyre transitions to an advisory role.

    By • Aug. 4, 2022
  • Nissin Foods ramen
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    Courtesy of Nissin Foods USA
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    Nissin sales jump 22% as premium ramen drives growth

    Offerings such as limited-time flavors and rice-based meals have helped the Top Ramen and Cup Noodles maker maintain momentum.

    By • Aug. 4, 2022
  • Molson Coors
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    Christopher Doering/Food Dive
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    What 4 beer companies see in consumer drinking habits amid high inflation

    Despite price increases and a jump in the cost of living, not all alcoholic beverage makers find shoppers switching from premium offerings to cheaper economy brands.

    By • Aug. 4, 2022
  • Bag of almond flour
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    Permission granted by Bob's Red Mill
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    Bob’s Red Mill to halt DTC operations

    After selling over the phone, via mail and through its website for years, the flour producer is focusing on wholesale.

    By Caroline Jansen • Aug. 4, 2022
  • McCormick, Kitchen Basics, broths
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    Retrieved from McCormick & Co..
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    Del Monte buys broth and stocks brand Kitchen Basics from McCormick

    The purchase for an undisclosed amount will strengthen the company’s branded portfolio while complementing College Inn, its existing product in the category.

    By • Updated Aug. 4, 2022
  • Lifeway Foods
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    Retrieved from Lifeway Foods.
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    Lifeway Foods agreement aims to soothe family feud

    Key shareholders seeking the ouster of CEO Julie Smolyansky have dropped a push to nominate new board members after the kefir maker agreed to a strategic review. 

    By Samantha Oller • Aug. 2, 2022
  • Just Bare chicken
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    Retrieved from Pilgrim's Pride on August 01, 2022
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    Pilgrim’s Pride plans fully cooked chicken plant in Southeast

    The news comes after the company saw a 96% jump in revenues for its prepared offerings in the last quarter.

    By • Aug. 1, 2022
  • Five bottles of different Soylent flavors sit on the shelf of a mini-fridge.
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    Courtesy of Soylent
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    How Soylent is bringing plant-based meal replacement into the future

    CEO Demir Vangelov says the company, whose successful evolution from a tech product to a nutritional supplement has invited acquisition rumors, doesn’t take itself too seriously.

    By • Aug. 1, 2022
  • Nestlé, Nescafé, ice cream, coffee
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    Courtesy of Nestlé
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    Column

    Leftovers: Nescafé debuts in ice cream; Cinnamon Toast Crunch turns up the heat

    The instant coffee brand flavors a new line of bars, and California Olive Ranch spreads out into pasta sauces.

    By Samantha Oller • July 29, 2022
  • Several packages of Hershey chocolate products, including York, Kit Kat, Reese's and Hershey brand candies.
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    Courtesy of Hershey
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    Hershey warns capacity constraints will prevent it from meeting Halloween demand

    The candy and snack giant said it is making “gradual improvement” on production issues that challenge its ramp-up ahead of the busy holiday season.

    By Samantha Oller • Updated Aug. 2, 2022
  • Harvesting machine approaching with the foreground of golden wheat
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    Getty Images
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    ADM’s profit jumps 74% on higher grain prices and demand

    CEO Juan Luciano said he is optimistic that Russia’s agreement to end its blockade on Ukrainian ports could open up supplies, but warned of the impact to global food markets if it does not follow through.

    By • July 28, 2022
  • An assortment of Clif bars.
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    JacobVanHouten via Getty Images
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    Mondelēz confident Clif Bar will lead category comeback

    Consumers’ return to mobility and the snack giant’s massive resources will put the bar maker on track for profitable growth, CEO Dirk Van de Put said.

    By Samantha Oller • July 28, 2022
  • Row of coke bottles
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    Scott Olson via Getty Images
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    Coca-Cola increased marketing spend to create brand value amid price hikes

    Despite pressures on consumer spending, the company saw net revenues grow in Q2 due in part to the recovery of away-from-home channels.

    By Chris Kelly • July 27, 2022
  • Laird Superfood, bar
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    Courtesy of Laird Superfood
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    Laird Superfood enters snacking category with new bar

    While its functional foods with clean ingredients are on trend, the upstart has struggled since going public in 2020, with its shares down 91%.

    By • July 26, 2022
  • A person holds a silver-wrapped Choco Taco ice cream novelty
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    "Choco Taco." by tbiley is licensed under CC BY 2.0
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    Unilever discontinues Choco Taco

    The CPG giant said it needed to make “very tough decisions” in response to the “unprecedented spike in demand” during the last two years.

    By • July 26, 2022
  • Nestle, plant, Mexico, Nescafe
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    Courtesy of Nestle
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    Nestlé opens $340M Nescafé coffee factory in Mexico

    The plant, which creates 1,200 new jobs in the region, makes the U.S. neighbor the food and beverage giant’s main coffee producer.

    By • July 26, 2022
  • Kellogg factory Battle Creek Michigan
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    Rey Del Rio via Getty Images
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    Kellogg workers push for union at MorningStar Farms plant

    Employees at an Ohio factory producing plant-based foods seek to organize ahead of the CPG’s split into three companies.

    By • July 25, 2022
  • private labe
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    Christopher Doering/Food Dive
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    Private label demand surging as inflation rages: report

    Store brand categories showing the biggest gains so far this year are baking mixes, up 40%, and soup, climbing 17%, according to shopper intelligence firm Catalina.

    By • July 25, 2022
  • Sanderson Farms, chicken
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    Permission granted by Sanderson Farms
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    Cargill and Continental Grain close $4.5B purchase of Sanderson Farms

    The transaction, which was announced last August and creates the third-largest U.S. poultry processor, was delayed by a Justice Department review.

    By , • Updated July 22, 2022
  • Truly margarita hard seltzer
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    Courtesy of Truly Hard Seltzer
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    Boston Beer stung by declining hard seltzer demand

    The Truly maker is under pressure as the once popular alcohol category has fallen out of favor with more consumers turning to ready-to-drink cocktails and other offerings.

    By • July 22, 2022