Despite beating first-quarter profit and sales forecasts, JM Smucker cut its full-year earnings outlook in the face of what CEO and president Mark Smucker described as “significant supply chain volatility, disruption and cost inflation” beyond that which...
Food prices across categories are predicted to rise low- to mid-single digits this year and again next year – adding on to already higher prices in 2020 fueled in part by the pandemic and raising questions about how consumers will react in the long term,...
When COVID-19 hit, Amy’s Kitchen – best known for its frozen pizzas, burritos, entrees and shelf-stable soups – ticked all the right boxes for ‘pandemic cuisine,’ says chief customer and consumer officer Karen Jobb. It makes convenient, healthy, restaurant-quality...
The latest consumer price index reveals food prices have climbed 3.4% over the past year, reflecting a slow but steady month over month increase that likely won’t stop any time soon as ingredient, material and labor shortages continue.
The cost of containerized freight has reached an all-time high, says a new report from Mintec, which says its global shipping composite index (based on 11 east-west trade routes) reached a monthly average of $8,796 per 40-foot container in June, up +24%...
As the pandemic drags on and consumers feel more confident in the kitchen they are relying less on well-known, iconic brands for comfort as they did in the months immediately following the coronavirus outbreak and are more willing to try new brands and...
Walmart is capturing “strong” market share gains in grocery as it continues to hold down prices at a time when other retailers are more aggressively passing through to consumers rising costs due to inflation – making it a formidable competitor but also...
Unit and dollar sales of frozen food continue to outpace those of total food and beverage as consumers first gravitated to the category during the pandemic for long-lasting options between less frequent store trips, but as mobility increases many continue...
Recruiting and maintaining top talent in the food industry was difficult long before the coronavirus outbreak, but for many retailers and manufacturers labor challenges have intensified during the pandemic as the type of work, where it takes place and...
Grocery retailers and packaged food and beverage brands should brace for another significant shift in consumer shopping habits this month as many families with students returning to in-person school after a year or more of distance or hybrid learning...
For the first time in decades other than for inflation, the US Department of Agriculture is increasing the basis for which it calculates food assistance benefits allotted under the Supplemental Nutrition Assistance Program – a move that will help more...
Closing out the first half of 2021, HelloFresh reported a year-over-year 83.7% increase in the number of active customers using the meal delivery service worldwide, as well as the continued global expansion of its business in new and existing markets.
“Current data indicates that neither food nor food packaging is a pathway for the spread of viruses causing respiratory illnesses, including SARS-CoV-2,” according to a new guidance document from the United Nations' Food and Agriculture Organization...
Strong Roots is experiencing and witnessing a fundamental consumer shift towards frozen food that has reshaped the way many households eat, claims founder and CEO Sam Dennigan.
Post Holdings is experiencing a reversal of growth trends across its business, in which its foodservice unit is driving most of the recent sales momentum, compared to one year ago when its retail business was experiencing unprecedented growth.
Roughly a month after appointing former Facebook executive, Fidji Simo as CEO of the company, Instacart has hired another tech veteran to join its leadership team.
Lifeway Foods, best known for its kefir products, announced the intent to acquire certain assets of California-based GlenOaks Farms for $5.8m this week, expanding the company's position in the drinkable dairy space, says CEO Julie Smolyansky.
All of Kellogg’s 50+ factories around the world have been hit by supply shortages due to a range of disruptions, from a 10-day pandemic lockdown in Malaysia to civil unrest in South Africa, CEO Steve Cahillane told analysts on a conference call.
Closing out the first half of 2021 and using pre-pandemic 2019 as a measuring stick for its growth, Kraft Heinz CEO Miguel Patricio says it has made fundamental progress in its transformation agenda.
As the Delta variant of the coronavirus sweeps across the US, Tyson Foods said Tuesday that it would require its 120,000 US workers to be vaccinated against COVID-19 by November – making it the first major meat packer and largest food company so far to...
PepsiCo’s sale of a majority stake of its North American juice portfolio to private equity firm PAI announced this morning is the latest in a string of high-profile beverage sales that reflect shifting industry and consumer priorities, including pressure...
As difficult as navigating shifting consumer demand and strained supply chains was immediately following the coronavirus outbreak in early 2020, the hardest part may still be ahead for the food and beverage industry as the uneven recovery and ongoing,...
Continuing to benefit from elevated at-home consumption of its core chocolate brands and growing snacks business, The Hershey Company reported $1.99bn net sales for Q2 2021 (12 weeks ending July 4, 2021) an increase of 16.5% compared to Q2 2020.
For many women, eating and cooking at home every day during the pandemic has been a double-edged sword that offered them more time with family and control over their diet, but also added a burden that left many women feeling unsatisfied – opening the...
Once a brand focused solely on meat snacks, The New Primal has extended into a number of adjacent categories in the past three years including sauces and marinades, condiments, salad dressings, and dry seasonings, making it a bonafide platform brand,...
Albertsons is willing to entertain a second round of price increases “where warranted and legitimate” as several CPG brands continue to struggle with mounting inflationary pressures that have exceeded their expectations and outstripped any cushion introduced...
Mondelez International raised its full-year organic revenue guidance to 4% from 3% on Tuesday after net revenues climbed 12.4% to $6.64bn in the second quarter thanks in part to increased mobility buoying categories hit hard by the pandemic and ongoing...
US retail sales of packaged tea have been sluggish in recent years, with Nielsen data* showing a flat market until 2020, when covid prompted a 16.8% surge, before everything slowed back down again. Celestial Seasonings, however, has maintained double-digit...
Consumers who turned to functional foods and beverages to help reduce anxiety, improve their sleep and lift their spirits during lockdowns are likely to continue their new habits and rituals as they navigate an uncertain return to offices, travel and...
As many food and beverage companies face the pressure of increased costs to manufacture and transport their products, consumers have also reported feeling the impact inflation is having on their grocery bills.
The pandemic prompted the first positive growth in US retail volumes of fluid dairy milk for years (+2.1% in 2020). However, a corresponding drop in away-from-home consumption meant overall volumes were flat (-0.1%) in 2020 and are predicted to drop -4.5%...
Should the food industry always yield to consumer demands, especially when those demands can be conflicting and at odds with other values, such as sustainability and environmental impact?
The emotional and physical toll taken by the pandemic has reshaped Americans’ palates – pushing them to try more adventurous flavor profiles, including more floral and earthy botanicals that were once niche in the US, embrace yuzu and step-up their heat...
Consumers’ intense focus on healthy eating and immunity-boosting foods is beginning to wane as more people become vaccinated, creating space for more indulgence and a back-to-basics approach to food, according to Mintel data.
Entering into the second half of 2021, Unilever said it will accelerate pricing across its product portfolio to offset the rising costs of transportation and commodities such as soybean oil.
In the days and months immediately following the declaration of the coronavirus pandemic, consumer interest in immunity boosting foods and beverages tripled and brands moved fast to launch products to meet this heightened demand – but as vaccines become...
With an infusion of $10m in series A funds announced today the biotech and data science company Aromyx soon will be able to help more food and beverage brands quickly measure consumer perceptions more accurately than traditional taste test panels, which...
While many consumers have incorporated some form of e-commerce into their grocery shopping routines, an increasing number are indicating their preference for their pre-pandemic in-store shopping trips, according to survey results from The Feedback Group.
The Good Crisp Company is eyeing up the growing market opportunity for snacks with immune support benefits with the recent launch of its better-for-you cheese balls featuring Kerry's Wellmune ingredient.
As consumers become vaccinated and more comfortable venturing out of their home after months of lockdowns, their health remains front of mind, but their priorities are expanding from a laser-focus on immunity to include weight management and their state...
Suja Juice, which helped mainstream the cold-pressed juice category, has been acquired by private equity firm Paine Schwartz Partners for an undisclosed sum, following a year of "unprecedented revenue and profit."
PepsiCo’s net sales surged 20.5% to $19.22bn in the firm’s second quarter, zipping past expectations of $17.96bn, thanks in part to increased consumer mobility boosting demand for the firm’s iconic beverages at restaurants, events and across channels...
As legislators continue to negotiate an infrastructure deal, the Consumer Brands Association urges democratic leaders to include the creation of a federal Office of Supply Chain Resiliency to address ongoing challenges exposed and magnified by the pandemic...
Instacart has appointed one of its current board members and former Facebook exec, Fidji Simo, as CEO of the online grocery shopping platform, effective August 2, replacing current CEO and founder Apoorva Mehta who will be transitioning to the role of...
Nestlé USA’s online sales grew more than 160% in 2020, with e-commerce sales accounting for 40% of its US growth, but there are still a ton of opportunities to reach more shoppers online, chief strategy officer Mel Cash tells FoodNavigator-USA as the...
As the foodservice industry rebounds and consumers return to restaurant dining, mobile ordering app GrubHub took a look back at the past six months of ordering trends made by the approximately 33 million users of its mobile app.
New data from Placer.ai tracking foot traffic at America’s leading food retailers shows that traffic at Whole Foods – while rebounding - remains lower than it was in 2019, while many rival grocers have staged a stronger recovery.
While supermarkets remain the go-to for most Americans stocking their pantries or picking up last minute items, the channel’s dominance eroded during the pandemic when the rapid adoption of online shopping pushed many consumers to try – and sometimes...
Facing higher than previously expected inflation, flavor and spice giant McCormick & Company anticipates raising prices in late 2021 even as it pursues other cost savings and revenue management – a refrain that has been on repeat this year by most...
After a ‘hectic’ year in which sales outpaced expectations, the premium coffee brand Nespresso is shifting its business strategy and operational focus to better highlight and accelerate its fundamental belief that carefully crafted, high-quality coffee...
