During “The Promise and Pitfalls of Generative AI for Food and Beverage Operations” webinar, Nick Markman, senior product manager, Evocalize, explained that while the risks of producing misinformation from generative AI are significant, it’s up to brands...
As plant-based cheese brand Misha's is preparing to expand into Walmart this month and Ralphs later in the year it is embracing a lean operating model to improve profitability and tackle obstacles facing the non-dairy segment, brand CEO Aaron Bullock...
Developing sharp and effective messaging through loyalty programs can effectively strengthen consumer engagement and loyalty at a time when 65% of consumers are concerned about inflation, according to 84.51°’s recent Inflation Special Report.
Protein giant Tyson Food’s branded foods business, including Hillshire Snacking, Jimmy Dean and Ball Park, was a bright spot in an otherwise “tough” second quarter marred by supply and demand imbalances, ongoing high costs and reduced consumer spending.
The cost of canned food and products could increase by 30% and upwards of 40,000 US manufacturing jobs could be cut if the International Trade Commission greenlights a proposal to impose hefty tariffs on imported tinplate steel from eight countries, argues...
As alt-protein companies respond to changing industry dynamics, many brands are examining how best market products and respond to consumers needs, a panel of experts shared at the Bridge2Food Summit Americas.
Across income groups, shoppers continue to focus on value although retailers have an opportunity to instill a competitive edge by enhancing private label strategy.
Kellogg’s “stronger than anticipated” first quarter in which the company saw double-digit organic net sales and adjusted operating profit growth not only places the company in the “enviable position” of raising its full year guidance, but suggests it...
Even as plant-based dairy newcomer Armored Fresh prepares to roll out is innovative Almond Milk Cubes and American Slices at select Kroger stores next month and nationwide through its recently unveiled online storefronts, the food-tech company continues...
Kraft Heinz expects to gradually regain lost market share in the US, which tumbled 30 points on a mix-adjusted basis in the first quarter, by selectively working with retailers to boost shelf space, ramping up marketing and innovation, and tackling lingering...
Sprouts Farmers Market’s decision to pull back on promotions and cater instead to less price-sensitive shoppers who follow specialty diets and are more health-oriented once was considered risky but now is paying off.
A “massive” repeat purchase rate of 74% direct-to-consumer and 54% at retail combined with healthy margins and strong “no f***ing way” factor helped food-tech startup Hero Bread secure $15m in series B funding despite the challenging economic environment.
Discount stores need to keep a close eye on pricing strategies to remain competitive and balance affordability with product displays and differentiation, advises one industry insider.
Hershey's net sales increased 12.1% to $2.98bn thanks to price and volume gains across both confectionery and salty snack segments, driven heavily by consumer demand and media investments.
Biscuit and chocolate giant Mondelez International nearly doubled its outlook for fiscal 2023 after delivering its “best quarter ever” with organic revenue growth up 19.4% to $1.5bn over the same period last year and “significantly ahead of [an] already...
Nestle’s near double-digit price hike across its portfolio of coffee and confections over the past three months helped buoy sales and offset a notable jump in costs without significantly dragging down volumes, prompting executives and analysts to characterize...
The Federal Trade Commission should update its “Green Guides” to clarify the proper use of climate change claims, such as “net zero” and “carbon negative,” which have proliferated in recent years to meet rising consumer interest, but which are not standardized...
A new partnership between the US Department of Veteran Affairs and the Rockefeller Foundation will test the impact of fresh fruits and vegetables on veterans’ health, and could help build the business case for more health care systems and insurers nationwide...
Partnership for a Healthier America’s Food Equity Opportunity Map uses census, income and health data to determine food accessibility in U.S. communities, and could help CPG companies finetune marketing at the zip code level for a bigger impact.
Coca-Cola Co.’s North American margins “reached toward a new high watermark” in the first quarter of 2023 observed one market analyst during the company’s quarterly call yesterday – a better-than-expected outcome that leadership attributed to higher prices...
CPG food and beverage brands need to focus on three key business activities to survive the current economic climate, including marketing and innovation basics, cost-cutting measures and capital diversification, a panel of food and beverage experts shared...
After three years of innovation-stifling supply chain and labor challenges paired with record high inflation and a trying economy that has discouraged both investors and adventurous shoppers, food and beverage manufacturers are finally ready to prioritize...
Sales of plant-based dairy, including milk, cheese and yogurt, continue to grow at a rapid clip despite challenging macroeconomic and market conditions, but units in some categories are dipping slightly, according to recently released SPINS data, raising...
Non-alcoholic beverage brand Drink Monday is using recent crowdfunding to expand its retail presence, meet the demand for non-alcoholic drinks and spirits, and navigate the tighter capital market, the brand’s new CEO Ken Young told FoodNavigator-USA.
Food and beverage brands and retailers likely will not see any time soon a rebound in inflation-supressed units and volumes across categories despite the Labor Department reporting a dip in grocery prices in March for the first time in more than two and...
Discussions between FMI – The Food Industry Association’s Government Relations Committee and lawmakers will surround Farm Bill reauthorization, food safety regulations and credit card competition, among others on April 19, 2023.
The no-code electronic data integration software offers automatic compliance testing, certification services and onboarding amenities to connect food and beverage brands with a network of trading partners.
Just as retail consumers are shifting their in-store behaviors in response to inflation, many are also changing what they put in their digital baskets, often opting more for private labels, which is creating pressure on grocers to change how they leverage...
Retailers investing in private label to cater to consumers trading down as inflation rises, simultaneously are looking to offset lower dollar sales with a broader selection of premium offerings that can boost basket rings – creating an opportunity for...
Many consumers are ditching pizza takeout and dine-in experiences and opting for frozen pizzas as they look for products that resonate with their sense of convenience and value, Dana Baggett, client strategy for Vericast, told FoodNavigator-USA.
PepsiCo is sharing lessons learned from two and half years of its PepsiCo Positive (pep+) initiative with its retail and foodservice partners through a new platform to boost sustainability across the value chain, Marianne Ross, senior director of commercial...
The fintech platform, along with the Global Entrepreneurship Network, intends to help small to medium-sized businesses access capital with the launch of the Equitable Access Program and its first product, the Business Health Score.
Grocery prices may finally be falling after stubbornly going up for more than two and a half years even as annual inflation across other categories and overall have dropped in recent months, according to the most recent data from the Labor Department....
PepsiCo is dedicating its annual small business Greenhouse Accelerator Program to Hispanic-owned food and beverage companies with the first Juntos Crecemos edition, as the CPG leader continues to progress on its Racial Equality Journey initiative, Antonio...
As consumer interest in food as medicine rises, Albertsons is helping shoppers connect the dots between well-being, diet and the types of food and products that support their health goals with the launch of a new digital wellness platform within its grocery...
The dreaded question of what to cook for dinner or what to eat next isn’t just challenging for consumers, it is high stakes for retailers, which risk shopper loyalty, lost sales, food waste and more if they predict the wrong answer and fail to stock the...
Raising prices while simultaneously shrinking products to offset higher inflation could cost brands more in the long term, suggests a new survey from YouGov that found consumers turned off by shrinkflation are turning to private label.
Conagra Brands solid growth and margin recovery in its third quarter reflects its strategic success of “moving past discrete supply chain disruptions and prioritizing productivity and value over volume,” CEO Sean Connelly said during the company's...
Rapidly rising food prices are expected to slow in 2023 after supply chain challenges, geo-political strife, climate change and agricultural policy changes contributed to record inflation in 2022 and prompted government action, according to federal agencies....
Hershey is gaining market share in the US confection market while its top competitors fall farther back by replacing its old playbook of innovating and marketing to masses with a more targeted “occasion-based” approach to product development and “mass...
Through a combination of price hikes, cost-cutting and a multi-prong strategy to regain shelf space lost during the pandemic, flavor and spice giant McCormick & Co is clawing back its gross margins ahead of expectations after they took a hit last...
Even as cellular meat companies continue to clear regulatory, technical and scientific hurdles, the timeline for when their products will launch remains a moving target as emerging challenges – ranging from the banal to black swan events – threaten to...
Consumers are reacting to higher meat prices by shifting how much and what type they buy, but the share of households purchasing meat or poultry from retailers was virtually unchanged in 2022, according to a new report.
General Mills is bracing for double digit inflation in the back half of the year, but rather than automatically raise prices again – although that remains an option – the CPG giant plans to work with suppliers to find mutually beneficial solutions.
It is too soon to give up on the plant-based meat segment, which has seen sales and household penetration slip in the past year, but which is evolving to meet demand for products that are healthier, tastier and more convenient, argued industry stakeholders...
Grocery shoppers continued purchasing fresh produce in 2022 as inflation pushed up prices but bought less of it on a volume basis, shifting to more affordable fresh fruit and vegetable options as well as frozen and canned items.
As news broke last week that Silicon Valley Bank has collapsed due to a bank run, many attendees at Natural Products Expo West also had their own economic concerns – namely, how to find capital for their brands and survive the current moment.
President Biden’s FY 2024 budget request would increase funding for FDA and USDA and make investments in food safety and nutrition programs, but is far from a done deal given a divisive Congress.
Rising inflation is taking a toll on natural and organic sales in the US, the growth of which slowed dramatically in 2022 and will likely continue to drop in the coming year before rebounding slightly in 2024, according to data presented at Natural Products...
