| From 20-Mar-2020 to 27-Mar-2020 |
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Despite coronavirus, Peeled Snacks predicts fast-growth with new products, channel expansion, funds The CEO of the organic dried fruit brand Peeled Snacks is optimistic that challenges related to the coronavirus will not slow the companyâs fast growth thanks in part to a suite of new products, channel diversification plans and an infusion of funds from Decathalon Capital Partners announced earlier this month... Read Soup-To-Nuts Podcast: Food-X Technologies offers solutions to grocers navigating e-commerce Given the perils of visiting brick and mortar grocery stores amid the ongoing coronavirus pandemic, many shoppers have turned to online shopping en mass â revealing gaping holes in many retailersâ approached to e-commerce that threaten profitability and consumer loyalty... Listen now Grays Peak Capital acquires Nosh Foods rounding out its baby, toddler, and kids snacks portfolio New York-based global investment firm Grays Peak Capital has acquired baby and toddler food brand Nosh Foods for an undisclosed. Nosh Foods will remain as a standalone brand but as a subsidiary of parent company NuturMe Holdings... Read Coronavirus prompts spike in e-commerce sales of CBD; consumers seek higher dose products Regulatory uncertainty coupled with the fact that retailers are not focused on onboarding new brands right now make this a tough time for new CBD brands. However, e-commerce sales of hemp-derived CBD have spiked, while a new survey from Brightfield Group suggests that four in 10 CBD consumers plan to use CBD more frequently because of COVID-19, with 15% planning to use a higher dose... Read Raising capital in a pandemic: âThere is plenty of dry powder looking to get to work in this marketâ Clearly, now is not a great time to raise money. But founders shouldnât despair, said investors in a webinar hosted by FoodBytes! by Rabobank on Wednesday. Raising capital will take longer and investors are being more circumspect, but there is money available for promising brands - even as coronavirus drives much of the world into lockdown... Read Consumers pick up back to basics cooking skills and 'stress baking' during coronavirus quarantine Consumers are getting back to basics with their online grocery shopping as they use their extended periods of time at home to learn basic cooking skills and recipes such as how to bake a potato, make homemade bread, and how to cook rice, according to NYC-based tech firm Chicory... Read Benson Hill introduces 'ultra-high protein' soybean to compete with soy protein concentrate in finished products A new soybean variety developed by crop improvement company Benson Hill requires significantly less water and processing to reach comparable amounts of protein to soy protein concentrate, said the company's CEO, Matt Crisp... Read Pivoting in a pandemic⦠and is Big Food set for a comeback? Businesses across the country are adapting with lightning speed to adjust business plans, and in some cases, change their business model overnight, in order to adapt and survive as large swathes of the population go into lockdown... Read Investing in the Future of Food: Frito-Layâs criteria for WomanMade Challenge offers a checklist for all As measures designed to slow the spread of the coronavirus also slow the economy, many venture capitalists and others have hit the pause button on investments, but not Frito-Lay â earlier this month it moved forward with its inaugural WomanMade Challenge and gave $100,000 in business grants to three female entrepreneurs... Watch now Highlights from FoodNavigator-USA's Beverage Trends webinar: Finding growth amid a public health crisis Last week, FoodNavigator-USA held its Beverage Trends webinar where we quizzed a panel of beverage industry insiders on what the future holds for the beverage market, especially amid a public health crisis such as coronavirus, which has no firm end date in sight... Read Cargill Protein boss: âWe are making decisions by the hour. Iâve been almost 30 years in the business and this is a unique situationâ Meat giants Cargill Protein and Tyson Foods are flexing their supply chain muscles to adjust to a sudden shift in demand away from foodservice and towards retail as consumers stay at home... Read CBD pioneer Charlotteâs Web exits startup phase with $95 million in revenue, acquisition CBD firm Charlotteâs Web reported $94.6 million in revenue in its annual report and announced an acquisition that expands its distribution into topical products... Read Coronavirus immunity claim warning for Omega-3 industry Omega-3 businesses have been warned about the dangers of making immunity claims during this Coronavirus crisis... Read PepsiCo hires 6,000 employees, provides additional compensation to workers on frontline of pandemic PepsiCo is hiring 6,000 new, full-time employees over the next month and is providing additional compensation to the more than 90,000 frontline employees â those who âmake, move, and sellâ PepsiCo products â at both PepsiCo Beverages North America and PepsiCo Foods North America... Read COVID-19 and the investment landscape for early stage brands: âThere are a lot of folks out there very skittish right nowâ While many packaged food firms have enjoyed soaring sales this month, startups that had planned to launch new brands, ramp up bricks & mortar distribution, and raise money this year are adjusting plans rapidly, while access to capital will get more challenging, say investors... Read US alcohol calls on Congress for economic relief from COVID-19 With the economic fallout from the COVID-19 crisis only likely to worsen, the federal government is announcing different forms of aid packages. US alcohol associations are now asking for assistance... Read RISE Brewing Co. explores how to drive growth, support partners & underemployed during COVID-19 Staying true to its mission to âfind people where they are in the daytime,â RISE Brewing Co. is pivoting from distributing its nitro infused cold brew coffee in offices and at events to reach people instead in their homes as more Americans practice social distancing, including teleworking, to slow the spread of COVID-19... Read Industry trade groups work together to fill gaps, create economic stability as COVID-19 spreads An ad-hoc partnership between FMI-Food Industry Association, the International Foodservice Distributors Association, United Produce Association and National Fisheries Institute aims to help overwhelmed grocery retailers keep shelves stocked, stores clean and employees safe in the coming weeks while also providing economic stability as foodservice distributors see business dry up unexpectedly due to the coronavirus pandemic... Read COVID-19: Inventory planning the name of the game as sales of food staples surge Inventory planning is the name of the game right now in packaged staples as brands dealing with sudden surges in demand owing to COVID-19 try to predict how long current buying patterns might last... Read COVID-19: More emerging brands share plans on how they're weathering the storm We continue to speak with food startups and emerging brands about whatâs weighing on their minds as COVID-19 has many cities and communities going into various stages of lockdown, upending typical consumer shopping behavior... Read COVID-19: Mealkit brands see sharp increase in demand, although longer-term impact harder to predict Meal kit services such as Blue Apron, HelloFresh and Sun Basket are reporting a sharp increase in demand as consumers stay home and cook, although it's unclear how much of a boost they will get longer-term if household budgets become more constrained due to economic hardship... Read Soup-To-Nuts Podcast: LesserEvilâs dedication to sustainability shows multiples paths forward Recognizing that the threat of climate change weighs heavily on many consumers and increasingly influences their shopping habits, the consumer packaged goods industry is exploring how it can reduce the use of limited resources, minimize waste and, in some cases, improve the environment... Listen now | |