| From 15-May-2020 to 22-May-2020 |
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Growing pains: Hemp industry deals with oversupply, shifting retail landscape The boom in hemp cultivation after the passage of the 2018 Farm Bill has created a supply bulge that the industry is still working through, observers say... Read âNo CBD isolateâ and âzero THCâ claims indicative on ongoing regulatory uncertainty New claims creeping into the hemp/CBD space are indicative of the some of the unsolved regulatory issues that continue to distort the market. These include claims of âzero THCâ and âno CBD isolate.â.. Read Raising capital during the pandemic: âItâs going to take more time ⦠and a lot of effort on both sides.â The economic uncertainty caused by the coronavirus has pushed many investors into a protective mode that precludes new deals, but raising capital during the pandemic still is possible â it just requires entrepreneurs to more clearly define their value and consider more creative options, according to experts... Read Consumer concern for employee wellbeing impacts perception of food safety, access, research shows As news continues to break about more workers at grocery stores and meat and poultry packing plants contracting coronavirus, consumer concern about employee health and their access to food and beverage during the pandemic is on the rise again after a steady decline in recent weeks, according to new shopper research... Read CORONAVIRUS Hersheyâs Ice Breakers mints find new role in combating âmask breathâ A new ad-spot on TV and social media created by Hershey's in-house agency addresses one of the side-effects of mask wearing during the coronavirus pandemic... Read NEWS IN BRIEF GMOs 101: FDA launches GMO consumer education initiative The FDA, USDA and EPA have launched âFeed Your Mindâ, a new Agricultural Biotechnology Education and Outreach Initiative that aims to increase consumer awareness and understanding of genetically engineered foods (GMOs)... Read PeaTos launches DTC website: 'The fight for snack share just headed online' The COVID-19 pandemic has caused brands to look at their direct-to-consumer (DTC) businesses with fresh eyes, including emerging brand PeaTos, which launched its own DTC site, BetterSnacks.com, to fulfill Americans' at-home snacking needs and desire for "comfort and nostalgia.".. Read Without kids in stores to drive impulse purchases, good2grow pivots marketing to focus on parents Childrenâs brands that previously relied on âthe nag factor,â impulse purchases or being the reward parents give children to behave in stores are pivoting their marketing to target adults now that most families send only one adult to the grocery store to limit exposure to the coronavirus... Read Investing in the Future of Food: KidsLuv shares tips to drive velocity, initial trial during pandemic The middle of a global pandemic when many consumers are filling their grocery carts virtually may seem like a strange time to expand distribution in brick-and-mortar stores, but for the vitamin enhanced water brand KidsLuv the timing of its current rollout in Walmart and CVS Pharmacies across the country reinforces the productâs healthy value proposition... Watch now Walmart sees e-commerce sales jump 74% in Q1 2021, discontinues Jet.com Walmart US e-commerce sales grew 74% in the first quarter (13 weeks to May 1), driven by strong demand for its expanded grocery pickup and delivery services offered during the COVID-19 pandemic... Read Recess launches direct to business wholesale online platform for CBD-infused beverages, revamps DTC site Hemp-infused beverage brand Recess (strapline: âcalm, cool, collectedâ) has launched a new direct-to-business wholesale online platform and an updated direct to consumer site to make it as easy as possible to get the product into peopleâs hands... Read SNA: School nutrition programs face âcrippling financial lossesâ that threaten service for next year Higher costs associated with serving school meals to needy children during the coronavirus pandemic paired with reduced program participation are generating âcrippling financial lossesâ that could compromise efforts to serve students next year unless Congress provides emergency financial relief, according to the School Nutrition Association... Read WATCH: NEW PRODUCTS GALLERY... From AvoCrazy avocado puffs to Talking Rain Essentials Check out FoodNavigator-USAâs latest gallery of new products, from avocado puffs and keto sandwich cookies, to sparkling beverages infused with vitamins and minerals from Talking Rain... Watch now JUST partners with Post Holdings' Michael Foods, plans for largest foodservice expansion yet JUST (Eat JUST, Inc.) has partnered with Michael Foods, a subsidiary of Post Holdings and one of the largest egg processors and suppliers, to bring plant-based JUST Egg to millions more consumers in the US... Read How is COVID-19 impacting the hemp-derived CBD market? How is COVID-19 impacting the hemp-derived CBD market? Are consumers turning to CBD to address anxiety during these times, or when it comes to functional foods, beverages and supplements, are they more likely to spend money on products they believe have immunity benefits?.. Read Soup-To-Nuts Podcast: Consumers embrace local, organic food amid coronavirus pandemic While consumer interest in where food comes from and how it is produced has been growing in recent years, an organic industry leader says the coronavirus pandemic has turbocharged shoppersâ interest in local, organic and sustainably produced products as well as alternative distribution channels... Listen now âInnovation still exists in brands that are in market,â retailers are reviewing new products, investor says While the coronavirus outbreak may have initially sidelined new food and beverage launches as retailers scrambled to stock the basics, and stay-at-home orders slowed research & development, one investor predicts âa burst of innovationâ from existing brands is on the horizon... Read Will online shopping be the norm post-coronavirus? Not entirely, say Brick Meets Click and Symphony Retail AI The number of US households who reported shopping online for groceries rose dramatically in March when the pandemic hit, and stayed consistently high for the month of April, reveals new data from Brick Meets Click... Read Growth âturned sharply negativeâ for snack and nutritional bars after coronavirus hit, says Bernstein Sales growth in most snack and nutritional bar segments â categories associated with convenience, on-the-go consumption and sports - has dropped sharply since coronavirus hit, with the biggest drops in performance nutrition (-20% in March/April), meal replacement (-17.9%), weight management (-11%), and health & nutrition (-5.8%), according to a new report from analysts at Bernstein... Read Califia Farms unveils Protein Oat, plant-based butter, becomes EBITDA positive as benefits of scale kick in: âThis is a turning point for our companyâ Califia Farms is moving into new territory with the launch of plant-based butters - its first foray into the fats & oils category - and Protein Oat, a line of plant-based milks with a comparable level of protein to dairy milk per serving... Read OTA asks USDA for funding flexibility, remote inspections and increased enforcement during pandemic The Organic Trade Association is calling on the US Department of Agriculture to help ease mounting pressure on the organic supply chain posed by the ongoing coronavirus pandemic by increasing flexibility for inspections and the disbursement of funds related to certification, marketing and food assistance... Read | |