Corporate Operations: Page
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Food and beverage companies have room to grow on diversity goals, study finds
Women and historically marginalized people made up 35% of companies' executive boards in 2020, according to a new report from Deloitte and FMI.
By Chris Casey • Aug. 27, 2021 -
Why Mondelēz's retirement switch has riled Nabisco workers
Given the snack maker's healthy revenue gains, striking employees want it to restore pension contributions it froze three years ago.
By Robert Freedman • Aug. 27, 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 -
Permission granted by IFF
Locust bean gum's newfound success in food stymied by supply shortages
As demand for the versatile ingredient found in everything from ice cream to plant-based foods has increased, soaring prices have prompted some companies to look for cheaper substitutes.
By Christopher Doering • Aug. 26, 2021 -
Lillianna Byington/Food Dive
Labor crisis roils the food industryStrike at Mondelēz factories ends as Nabisco workers agree to new contract
Workers "overwhelmingly" accepted a collective bargaining agreement offered by the snack giant, ending a more than month-long walkout that had spread to five states.
By Christopher Doering • Updated Sept. 20, 2021 -
Courtesy of Chobani
Chobani launches paper yogurt container as it moves away from plastic
It took the food maker two years to develop the new packaging for its Single-Serve Oat Blend product, which the company could eventually bring to other items in its portfolio.
By Christopher Doering • Aug. 26, 2021 -
Courtesy of Vow
Vow and Nourish team up to make cell-based meat with animal-free fat
The Australian companies are joining forces to eventually make a product with a taste and mouthfeel superior to its animal counterpart.
By Megan Poinski • Aug. 25, 2021 -
General Mills eyes animal-free dairy with new brand website
It's not clear if Renegade Creamery is an actual product line that is in the works from the Minneapolis-based manufacturer, but if it is, it could be a big development for the up-and-coming segment.
By Megan Poinski • Updated Aug. 24, 2021 -
Permission granted by Heineken
Deep DiveFrom snack bars to beer, CPGs rethink the art of sampling in a post-COVID world
The pandemic has changed how companies provide a taste of their products to shoppers — a valuable practice that can boost long-term sales for a brand.
By Christopher Doering • Aug. 23, 2021 -
Permission granted by Ozo
Planterra opens R&D center at expanded headquarters
The U.S. plant-based subsidiary of Brazilian meat giant JBS plans to test and develop new products at the Colorado facility as it harnesses innovation to grow in the highly competitive space.
By Samantha Oller • Aug. 23, 2021 -
Courtesy of Nestle
ColumnLeftovers: Nestlé's Lean Cuisine gets a low-carb makeover; Mtn Dew Spark makes a return
The frozen meal brand adds cauliflower-based pasta and oven-fried chicken to its lineup, and Kellogg's Eggo embraces emoticons.
By Food Dive staff • Aug. 20, 2021 -
Courtesy of Quorn
Quorn aims to ramp up US presence with new culinary center
While the facility is equipped to test and innovate all of the company's products, it will focus on the increasingly popular chicken category.
By Jessi Devenyns • Aug. 20, 2021 -
Tim Boyle via Getty Images
PepsiCo aims to replenish more water than it consumes by 2030
The snack and beverage maker said the stringent water-use-efficiency standards would cover more than 1,000 global facilities, saving over 11 billion liters annually.
By Christopher Doering • Aug. 19, 2021 -
Courtesy of Barry Callebaut
Barry Callebaut debuts caramelized white chocolate
Caramel Aura, which taps into consumer demand for new flavors and sustainably sourced ingredients, is touted by the company as addressing both comfort and premiumization trends.
By Samantha Oller • Aug. 19, 2021 -
Courtesy of Cargill
Cargill partners with AeroFarms to increase cocoa bean yields, improve farming practices
The multiyear pact will allow the companies to test different indoor growing technologies, such as aeroponics and hydroponics, light, irrigation and nutrition, to identify optimal growing conditions.
By Christopher Doering • Aug. 19, 2021 -
Courtesy of Upside Foods
Upside Foods partners with chef Dominique Crenn to serve its cell-based chicken
The first U.S. female chef to get three Michelin stars will be a culinary counsel and recipe development assistant to the company. She will make its cultured chicken the first meat on her menu in years, once it gets regulatory approval.
By Megan Poinski • Aug. 19, 2021 -
Jonathan Leibson via Getty Images
Former Essentia investor acquires controlling stake in kombucha brand Health-Ade
Jack Belsito, managing partner of First Bev, will assume the role of CEO at the beverage brand while the co-founders will go on to fill other roles. Terms of the deal were not announced.
By Jessi Devenyns • Aug. 18, 2021 -
Courtesy of Instacart
Beyond Meat files for trademark on Beyond Milk name
The document filed with the U.S. government said the patent would cover "making milk shakes; coffee or tea beverages with milk or milk substitutes."
By Christopher Doering • Aug. 17, 2021 -
Permission granted by Native.AI
How Native.AI is bringing consumer data closer to manufacturers
The company, which has attracted funding and attention from major players in the CPG industry, uses artificial intelligence to decode consumer comments and product reviews into useful information.
By Megan Poinski • Aug. 17, 2021 -
Christopher Doering/Food Dive
Deep DiveHas the hard seltzer bubble popped? Analysts and beer makers say not so fast
Despite the abrupt warning by Truly maker Boston Beer in July that it overestimated demand, many predict further growth in the category and a few major players to eventually dominate.
By Christopher Doering • Aug. 16, 2021 -
Retrieved from Box Tops for Education on August 12, 2021
General Mills unlocks mobile rewards with back-to-school campaign
The mobile activation is a central part of both the sweepstakes and the CPG giant's efforts to drive online orders for retailers that sell its products.
By Robert Williams • Aug. 16, 2021 -
Courtesy of General Mills
ColumnLeftovers: General Mills' Pillsbury rolls out baking kits; Unilever and Chrissy Teigen fry up a new sauce
The Minnesota-based company sees opportunity in do-it-yourself baked goods during the pandemic, and Cappello's offers up keto-friendly frozen pizza with a secret ingredient.
By Food Dive staff • Aug. 13, 2021 -
Retrieved from Pilgrim's Pride on September 23, 2020
JBS withdraws proposal to buy the rest of Pilgrim's Pride
The poultry producer repeatedly rejected the Brazilian company's offers, saying the price it put forward was too low.
By Megan Poinski , Christopher Doering • Updated Feb. 17, 2022 -
Courtesy of Kalera AS
Vertical farming firms get global ambitions
Kalera's acquisition of Germany's &ever GmbH and 80 Acres Farms' plans for its recent $160 million of new funding highlight the big expansion goals of U.S. growers.
By Samantha Oller • Aug. 12, 2021 -
Courtesy of Impossible Foods
Ahead of potential IPO, Impossible Foods promotes chief accountant to CFO
David Borecky, who oversaw $700 million in capital raises to help the company grow its footprint during the pandemic, is prioritizing reduced prices to increase accessibility to its plant-based meat.
By Jane Thier • Aug. 12, 2021 -
Permission granted by Sensient
Debut Biotech partners with DIC to develop natural colors for food
Fresh off a $22.6 million funding round, the upstart aims to show how its cell-free biomanufacturing platform can overcome some of the existing barriers to creating all-natural and biodegradable pigments.
By Lauren Manning • Aug. 12, 2021
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