Nestlé is ready to be “much more acquisitive” now after 18 months of aggressively selling underperforming businesses and brands that did not tidily fit into the company’s new image of itself as a primarily nutrition, health and wellness business, according...
While economic stimulus spending has helped drive up Walmart’s market share in general merchandising in recent months, it may have taken an unexpected toll on the retailer’s grocery business when paired with other pandemic-related operational changes,...
Driven by shifting shopper attitudes toward COVID-19, overall grocery delivery and pickup sales for August were down to $5.7bn from June’s peak of $7.2bn. However, some key performance indicators including average order value and intent to make a repeat...
Canola is the third largest oilseed crop after soybeans and cottonseed, with an established supply chain (for oil crushing) featuring protein with a highly attractive nutritional profile and great functional properties. So why has taken so long for canola...
As record high sales from the early days of the coronavirus pandemic level out at rates significantly lower than March and April but still higher than last year, CPG companies are trying to reassure investors that they can hold on to new customers and...
Santiago-based food tech company NotCo has closed an $85m Series C funding round co-led by Future Positive and L Catterton,* and is gearing up for a move into the US market in late 2020 or early 2021.
Beyond Meat (Jiaxing) Food Co., a wholly-owned subsidiary of Beyond Meat, Inc., has signed an agreement with Jiaxing Economic & Technological Development Zone (JXEDZ) to manufacture plant-based meat products including beef, pork, and chicken under...
Retailers interested in attracting more Black shoppers, who Nielsen reports wield an annual buying power of $1.5 trillion and make more grocery trips per year than all other racial groups, need to stock and prominently highlight more products by Black-owned...
Australian research claims consumers aged between 18 and 25 view cultured meat “with disgust”, despite concerns about the environment and animal welfare being rife within the cohort.
While most entrepreneurs expect to carry a heavy load the first few years after a company or brand launches, many underestimate the difficulty of eventually letting go of responsibility as the business scales – no matter how exhausted or desperate for...
Consumers’ attitudes, priorities and behaviors are shifting significantly as a result of the global health pandemic, and ADM has identified six emerging behavioral changes highlighting consumers' prioritization of health and wellness.
Responding to “overwhelming demand” in Canada, the Impossible Burger will be available this year in a wider variety of restaurants and grocery stores throughout the country.
Under normal circumstances the Campbell Soup Co.’s 12% organic sales increase, 13% operating profit increase and strong double-digit consumption growth across all core brands in the fourth quarter would be lauded as great – but during the pandemic, when...
Launched in September 2019, Target’s newest private label line Good & Gather has generated more than $1bn in sales and will nearly double its line with 600 new items this fall.
Walmart+, a new membership program launched by Walmart this month, clearly illustrates the retailer’s online grocery ambitions as it goes toe-to-toe with Amazon Prime. Concurrently, the move also signals Walmart’s ambitions of becoming more than a leading...
