Corporate Operations: Page
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Permission granted by Tyson Foods
Tyson to lay off 200 workers at Kentucky poultry plant as product mix shifts
The meat giant said the job cuts are in response to growing consumer demand for convenience and its value-added, fully cooked chicken offering.
By Samantha Oller • Jan. 24, 2022 -
Courtesy of International Flavors & Fragrances
IFF names Merck exec as new CEO
Frank Clyburn, a seasoned executive who created the pharmaceutical's highly successful oncology business and helped in a high-profile integration, takes the helm of the ingredients company on Feb. 14.
By Megan Poinski • Jan. 20, 2022 -
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 -
Getty Images
Opinion4 ways CPG companies can improve performance in 2022
From wargaming inflation scenarios to embracing data analytics, here's where to focus in the challenging months ahead, writes PwC’s Hans Van Delden.
By Hans Van Delden • Jan. 20, 2022 -
Courtesy of Upward Farms
Upward Farms plans world's largest indoor vertical farm
The 250,000-square-foot facility in Pennsylvania will supply microgreens and fish to consumers in the Northeast using the company's aquaponic technology.
By Samantha Oller • Jan. 19, 2022 -
Permission granted by Hain Celestial
Hain Celestial CEO zeroing in on M&A, with 'a lot of firepower' at his disposal
After several years of shedding brands, Mark Schiller said the health and wellness company has about $1 billion it can tap to boost its presence in snacks, plant-based meats and non-dairy beverages.
By Christopher Doering • Jan. 18, 2022 -
(Photo by Justin Sullivan/Getty Images) via Getty Images
Constellation: Brown glass shortage lowering imported beer inventory levels
Supply chain and transport challenges are also contributing to higher cost of product sold, according to the maker of Pacifico and Modelo Negra.
By Colin Campbell • Updated Jan. 15, 2022 -
Permission granted by Unilever
Report: Unilever to lay off thousands of managers
The decision, first reported by Bloomberg, comes after the CPG company walked away from its bid to buy GlaxoSmithKline's consumer unit and activist investor Nelson Peltz took on a stake.
By Megan Poinski • Updated Jan. 24, 2022 -
Courtesy of Gopuff
Gopuff launches its first private label line
The delivery company, which plans to initially launch offerings such as bottled water and snacks, may expand into perishable goods like meats in the future.
By Jeff Wells • Jan. 18, 2022 -
Al Drago via Getty Images
SCOTUS upholds stay on OSHA's vaccine mandate
Secretary of Labor Marty Walsh said he was "disappointed" by the decision, but that the Biden administration would continue to hold businesses accountable for protecting workers.
By Ryan Golden • Updated Jan. 13, 2022 -
Courtesy of Nestlé
Nestlé cuts sugar, adopts more sustainable packaging for Carnation Breakfast Essentials
The nutrient-rich beverage aimed at kids and teens is now available in Tetra Pak cartons made with responsibly sourced paper.
By Christopher Doering • Jan. 13, 2022 -
Justin Sullivan via Getty Images
Monster Energy enters alcohol with $330M purchase of Canarchy Craft Brewery
The decision to jump into beer and hard seltzer comes as nonalcoholic beverage companies aim to cover more drinking occasions and spur growth.
By Christopher Doering • Updated Jan. 13, 2022 -
Courtesy of Northwest Dairy Association/Darigold
Stonyfield co-founder enlists consumers, retailers to help Northeast organic dairy farms
The yogurt maker aims to boost dozens of small farmers in the region after Danone's Horizon and Maple Hill Creamery chose not to renew their supply contracts.
By Chris Casey • Jan. 12, 2022 -
Courtesy of Chobani
Chobani expands fast-growing creamer business with new plant-based offering
The creamers — made from coconut, sunflower and pea protein — complement its other two products in the category made from cream and oats. Sales have grown 120% during the past year.
By Christopher Doering • Updated Jan. 11, 2022 -
Permission granted by Hain Celestial
Deep DiveCPGs grapple with a murky 2022 outlook as inflation, supply chain weigh on operations
Uncertainty over the severity and permanence of these and other challenges is making it hard for CEOs to determine whether they should make moves such as price increases.
By Christopher Doering • Jan. 11, 2022 -
Getty Images
Butter prices skyrocket 40% on labor, supply woes: USDA
Decreased cow herds, a driver and worker shortage, and higher packaging costs have led to a huge price hike for the dairy product.
By Chris Casey • Jan. 10, 2022 -
Getty Images
Deep DiveFor food CPGs and grocers, finding harmony online is a difficult dance
Product manufacturers face a sometimes-daunting array of requirements when seeking to sell products through e-commerce channels run by retailers.
By Christopher Doering , Sam Silverstein • Jan. 10, 2022 -
IPOs surge to record in 2021 with most issuers hitting target price: EY
Fiscal stimulus, low interest rates and abundant capital are some of the forces driving robust IPO and SPAC deal activity in sectors including food and beverage, the consulting firm said.
By Jim Tyson • Dec. 23, 2021 -
Courtesy of Impossible Foods
Top 10 food funding rounds of 2021
The year has had 13 unique investment periods where companies received more than $100 million — a trend that is not likely to end soon, experts say.
By Megan Poinski • Dec. 23, 2021 -
Christopher Doering/Food Dive
Fresh Express salad outbreak sickens 10, kills 1
After the strain of listeria was detected in bagged romaine and sweet butter lettuce, the company shut down the Illinois plant that processed it and recalled more than 200 SKUs in 19 states.
By Megan Poinski • Dec. 22, 2021 -
Andreas Rentz via Getty Images
Suit: Hostess fired worker over positive COVID-19 test
A former employee in Georgia claimed in a lawsuit the snacks company violated the Americans with Disabilities Act by letting her go after she contracted the virus and requested time off.
By Katie Clarey • Dec. 21, 2021 -
Courtesy of General Mills
General Mills names chief brand and disruptive growth officer
The company has tapped Doug Martin, who previously acted as the president of its North American dairy unit, for the new role as it prioritizes digital innovation.
By Peter Adams • Dec. 17, 2021 -
Courtesy of Drinkworks
'Keurig for cocktails' abruptly decides to shutter operations
Drinkworks, a partnership between Anheuser-Busch and Keurig Dr Pepper, had recently expedited its expansion efforts and debuted a new machine. No details on the closure were provided.
By Christopher Doering • Dec. 17, 2021 -
Sam Silverstein/Food Dive
Grocery budgets set to climb nearly 15% in 2022
Shoppers are cooking 64% of their meals at home, according to research conducted by accounting firm KPMG.
By Sam Silverstein • Dec. 17, 2021 -
Rey Del Rio via Getty Images
Labor crisis roils the food industryKellogg strike ends after workers vote to approve latest contract offer
About 1,400 unionized employees are set to return to work Monday after ratifying a deal that provides a path to full benefits for lower-tier workers and an agreement not to close any plants through October 2026.
By Chris Casey • Updated Dec. 21, 2021 -
JM Smucker sells juice and grains businesses, and will shut down plant
Nexus Capital Management will buy R.W. Knudsen juices and TruRoots easy-to-cook ancient grains for $110 million, and a Wisconsin facility that makes jams, jellies and ice cream toppings will close its doors in 2022.
By Megan Poinski • Dec. 16, 2021
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