Sept. 19 - Consumers say they are 'grossed out' by GMOs | Meat snacks get beefy investments

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Will fresh-meat vending machines resonate with consumers?; Premium meat snacks are attracting beefy investments; Perdue Farms overhauls chicken packaging to lure millennials; Grocery industry braces for impact of Chinese tariffs


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Daily edition
| Sept.​ 19,​ 2018
 
  


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Study: Many consumers say they are 'grossed out' by GMOs


 

New research finds 46% of consumers say they avoid genetically modified foods, compared to just 15% a decade ago.


 
 


Will fresh-meat vending machines resonate with consumers?


 

Butcher shop Applestone Meat Co. sells fresh pork, lamb, beef and sausages from four vending machines in upstate New York, and plans to rapidly grow its footprint by the end of 2019. 


 
 


Premium meat snacks are attracting beefy investments


 

Country Archer Jerky and Stryve Biltong have raised $10 million each from capital investment firms as consumer demand for snackable protein grows. 


 
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Perdue Farms overhauls chicken packaging to lure millennials


 

The rebrand marks the fourth major update in its history, highlighting key messages and product attributes like cage-free and no hormones or steroids.


 
 


Grocery industry braces for impact of Chinese tariffs


 

Trade groups said while retailers will try to absorb the costs, the already slim profit margins do not allow for much flexibility — meaning the higher expenses could be passed to consumers.


 
 


Coca-Cola looks to enter cannabis-infused beverages market


 

The soda maker and Aurora Cannabis are reportedly in talks to develop the drinks. A deal would follow major investments in the space by alcohol giants such as Constellation Brands and Molson Coors. 


 
 


General Mills posts sales gains even as its North American business lags


 

Sales in the division, which drives most of the food manufacturer's revenue, fell $2.1% to $2.39 billion as U.S. snacks, yogurt and meals and baking all declined during the first quarter.


 
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What We're Reading


 
 
Fortune
 


Trump Imposes Tariffs on $200 Billion of Chinese Goods, Food


 
 
The Sydney Morning Herald
 


Coca-Cola buys Adelaide's MOJO kombucha as high-sugar products begin to dwindle


 
 
The Wall Street Journal
 


Bayer Steps Up Legal Fight Over Weed Killer Blamed for Cancer


 
 
Recode
 


Chobani CEO Hamdi Ulukaya says he would consider going public — but won’t sell to an industry giant


 
 
Bloomberg
 


Tiger Global Leads $300 Million Investment in Postmates Delivery


 
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