This week, food tech venture capital (VC) firm PeakBridge closed its Growth Fund II after raising $187m – surpassing its target — and invested in meat, dairy, and cocoa alternatives as part of its second fund, Nadav Berger, the company’s founder and managing...
The past decade has seen seismic shifts in the economic, environmental, political and technological landscapes. But how are these and other influences affecting the food and beverage industry?
Many retailers still struggle to implement digital transformation strategies due to expensive, complex and outdated IT infrastructures, a panel of experts shared during a webinar on the future of retail technology.
AI-based company Proxy Foods has raised $2.3m in a seed round to grow its food and beverage recipe formulation platform and expand its team, as AI technologies provide product developers tools to respond to consumer trends faster, company Co-founder and...
Functional food trends are driven by more than just taste: they’re driven by human need. With AI, the market can be analysed and the needs driving consumption understood.
CPG brands increasingly rely on AI technologies to crunch large data stores and find insight to win in the market, but many are falling short of their digital transformation goals due to outdated technology, Capri Brixey, EVP, strategy consulting at Insite...
In this week's NPD Trend Tracker, we see how high orange juice prices have led to the development of mandarin orange juice, and the rise of generative AI has led to the creation of an AI cookbook. Furthermore, we see a rebranding from Mallow &...
Nick Bertram, the recently appointed CEO of Flashfood, an app-based platform that links consumers with discounted groceries in their vicinity, discussed with FoodNavigator-USA how the company's rebranding, driven by robust data insights, will expand...
RegAsk’s digital platform leverages AI to help food and beverage manufacturers remain compliant and competitive “in an ever-evolving regulatory environment,” Caroline Shleifer, CEO, told FoodNavigator-USA.
Dollar General leverages AI-based automated-ordering software Shelf Engine to efficiently bring more fresh produced to its shelves, reduce food waste and ensure stocked shelves in the process.
High-quality consumer data is essential to successfully innovating and marketing new CPG products – but it is also expensive and difficult to obtain via traditional research methods, and it can take so long to gather and analyze that it could be out of...
Microplastics are tiny pieces of plastic debris which are often found in food. When consumed, they can lead to negative health effects. A recent study has developed a way to use artificial intelligence to help find microplastics more efficiently, which...
AI has the power to speed the food and beverage industry's digital transformation, as companies leverage it for product develop and to forecast upcoming trends, Jacques Botbol, CMO of Tastewise, told FoodNavigator-USA.
The Institute of Food Technologists (IFT) is readying food and beverage professionals for the future of AI with several educational courses designed to provide instructions and insight on getting started with AI and how it might impact the industry moving...
Software company Senspire demonstrated its all-in-one product development platform, Flavor Studio, at the Private Label Manufacturer Association event earlier this month, showing how product developers can use digital tools to launch products faster,...
Bakery&Snacks caught up with ABA president and CEO Eric Dell at iba - a leading trade fair for the bakery and confection industry - where the American Bakers Association (ABA) had teamed up with Bakery Equipment Manufacturers and Allieds (BEMA) and...
With $3M in seed funding from Astanor Ventures, Heali plans to expand its personalized nutrition services for consumers and patients with chronic illnesses through its database of evidence-based nutrition research, while developing a larger presence with...
Understanding how to identify and leverage useful data into a consistent and predictive algorithm is critical for a nimble and productive business strategy. How can businesses across the food sector—from ingredient discovery and product development to...
CPG brands are using AI for a host of business tasks, but the key to unlocking its value might come down less to the technology and more to how humans are empowered to make better decisions, a panel of experts shared during the virtual Digital Food and...
Insite AI leverages artificial intelligence and predictive analytics to identify actionable recommendations for brands from data insights, like those provided by Walmart's recently upgraded Luminate data platform, which tracks the behaviors of its...
Chilean food tech company NotCo is taking its AI-based technology Giuseppe to a wider business-to-business (B2B) audience in an effort to create the "ChatGPT of food," as it continues to find new ways to innovate in the plant-based market, company...
Shoppers see the potential of AI to better manage grocery budgets and reduce food waste, but many are not sold on the potential of self-driving technology or customer service chatbots, dunnhumby shared in its latest Consumer Trends Tracker report.
In the wake of Kraft-Heinz's earning results, the company reported a 3.5 percentage point increase in its stocks with double digit growth in emerging markets. Carlos Abrams-Rivera, incoming CEO, Kraft-Heinz, discussed during CNBC’s Evolve Global...
The food industry uses a variety of data collection methods to improve the food system and reduce diet-related illnesses by providing access to fresh and healthy food.
Driven by a growing number of consumers addressing their specific and changing nutrition concerns, MyFoodPlanit launched its all-in-one meal planning and nutrition tracking platform earlier this month, Ryan Chapman, CEO and founder, told FoodNavigator-USA...
Bio Gut Fiber is a result of Brightseeds’ AI-driven platform, Forager, which discovered the unique bioactives from hemp hulls to fortify the gut lining, Alina Slotnik, VP bioactives, Brightseed, explained to FoodNavigator-USA.
Manufacturers and retailers are improving their technology stack through digital transformation strategies and AI to improve operations and address historical food and beverage challenges from ingredient shortages and reformulations to predicting current...
Food and beverage companies increasingly are leveraging AI tools to streamline product development and launch products to stay ahead of consumer trends and challenges, Bernard Lahousse, co-founder and go-to-market lead for FoodPairing, said during a webinar.
Cooler Screens is hoping to transform retail media through its AI-enabled smart screen solutions. Arsen Avakian, CEO of Cooler Screens, spoke with FoodNavigator-USA at the National Association for Convenience Stores show about how brands can use the technology...
Visual artificial intelligence's role in retail offers a potential solution to streamlining operations in real time, according to Doug New, chief information officer, Nouria Energy and Dr. Bruce Porter, chief science officer, Spark Cognition, who...
NPD takes time. Long hours of R&D lie between an idea and a product launch. AI, however, is helping a range of major companies generate product ideas, as well as do market research and gain insights into the minds of consumers.
Through new digital capabilities like health and wellness apps, retailers are looking to drive consumers to make healthier food and beverage decisions, as data and AI make personalized recommendations easier and more reflective of a person's diet,...
Biotech company Ginkgo Bioworks is boosting its mission of making biology more accessible by partnering with Google to build out its AI capabilities, company representatives told FoodNavigator-USA.
Using AI-driven software and hardware, Cooler Screens’ latest partnership with Sparkling Ice features vibrant ads that highlight product details to “help the brand stand out from its competitors,” Lindell Bennet, chief revenue officer, Cooler Screens,...
Hungryroot's transition to an AI-driven, personalized grocery and recipe service has resulted in a 67% YoY revenue growth to $182 million in 1H 2023, Alex Weinstein, chief digital officer, Hungryroot, told FoodNavigator-USA.
Personalised nutrition experts at the Qina consultancy have revealed a top tends report, unveiling a ChatGPT take-over, a merging of food and pharma, an entrance of big tech firms, and new abilities created by at-home blood draws.
Berkot’s Super Foods will implement Birdzi’s comprehensive customer intelligence and engagement system across its 17 grocery locations in Wisconsin and Illinois.
The intrinsic connection between consumer preferences and market dynamics will be shaped by a once limited and now more stable supply chain, improved inflationary pressures and a departure from COVID-19 concerns, giving brands more clarity on how to develop...
Is food science moving from the analog realm of scientific knowledge and expert opinion to the precision and automation of AI, or will it be a mix of both? Experts discussed how emerging technology will impact food science methodologies and its impact...
Like other meal kit companies, Hello Fresh saw active customers, number of orders and as a result revenue drop in its second quarter ending June 30, but unlike some competitors – notably Blue Apron – its margins held strong thanks in part to disciplined...
Tomatoes are one of Europe’s favourite fruits, and are involved in a wide range of meals from pizza and pasta to salad and full English breakfast. Several advancements have introduced new insights into tomato cultivation.
As CPG brands look to grow their e-commerce business in the face of changing consumer behaviors, they are facing several key technology challenges and opportunities in the form of collecting first-party data and embracing AI to deliver on mass personalization,...
AI technologies can help reduce food waste and increase efficiencies while improving the overall digital customer experience, Alex Weinstein, chief digital officer for Hungryroot, shared in a fireside chat with FoodNavigator-USA at the Digital Food and...
In response to consumer demand for more plant-based and sustainable foods and ingredients, Nuritas’ “precision AI technology” identifies and delivers rare plant-based peptides at a faster rate than the industry standard, which can often take decades,...
Agriculture cooperative Blue Diamond Growers is partnering with AI-based bioactive company Brightseed to explore the health benefits of nonpareil California almonds, as the nut brand tries to better position itself among health-conscious consumers, looking...
Swiss-based flavor house Givaudan is using AI-based capabilities with its Customer Foresight platform to predict upcoming market trends and provide opportunities to co-collaborate with CPG brands on new and innovative food and beverage products, Nandita...
ChatGPT has many of us intrigued and nervous in equal measure but James Collier, co-founder of Huel, asks if this tool is any more scary than the current situation with “nonsense nutrition content” touted across social media by pseudoscientists.