Critical supply chains are finally “normalizing” after the pandemic and Russia’s invasion of Ukraine disrupted transportation and slowed production, triggering bottlenecks and driving up inflation to 40-year highs, according to a White House report card...
Power Leaves says it's breaking the monopoly on the supply of coca leaf extract and bringing on a ‘new age of coca’. Through an exclusive agreement with indigenous communities, the ingredient manufacturer and supplier has developed a legal Colombian...
A trio of trucking bills passed by the US House Transportation and Infrastructure Committee this week are a “step in the right direction” to further repair and reinforce fragile food supply chains threatened by an ongoing severe driver shortage, according...
Alt protein and related ingredient companies should consider how diversifying their manufacturing processes, including precession fermentation, could create more growth opportunities through upcycling, market manager at manufacturing equipment company...
A new report from Swedish-Swiss packaging company Tetra Pak revealed high levels of consumer support for sustainable packaging. However, due to supply chain issues and high prices, many companies are nevertheless struggling to implement changes to their...
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.
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 making more of the sweets and snacks consumers want with less and overcoming extreme supply chain challenges by replacing and repurposing underutilized manufacturing capacity, ditching conventional lines in favor of more efficient modular operations...
Mondelez executives see no reason to lower prices or increase promotions for their iconic sweets and snacks despite reported retailer requests that brands across the board do so as some consumers begin pulling back on spending in the face of ongoing inflation.
Spice and ingredient giant McCormick & Co. is “streamlining” its workforce through layoffs and voluntary retirements as part of an initiative to cut costs by $75m in 2023 and $125m annually following a disappointing fourth quarter that missed expectations...
Food industry leaders are calling for the fast passage of bipartisan legislation introduced yesterday that seeks to ease ongoing supply chain challenges stemming from the nation’s historic 80,000 truck driver shortage, which is delaying deliveries and...
Despite a slight cooling in food prices paid by manufacturers in December from November, and a low-double digit decline in gas prices that could help ease transportation costs, the food industry still faces input costs that are up low double-digits from...
Despite concerns that high energy prices, supply chain and labor challenges, and geo-political strife will continue at least through the end of the year if not longer, many CPG executives remain optimistic about their companies’ performance, according...
United Natural Foods Inc. plans to remain on the sidelines rather than enter a bidding war against existing clients if and when anti-trust concerns force Kroger and Albertsons to divest retail locations as part of their proposed $24.6bn merger expected...
After years of struggling to offset unprecedented inflation with price hikes that often were too little too late, Conagra Brands has finally reached a “significant inflection point” in which net sales per unit are once again higher than the cost of goods...
While economists predict inflation will ease slightly in the coming quarters, this year could easily become a “groundhog day version of 2022” if the weather takes a turn for the worse and triggers a domino effect that strains transportation, commodity...
Higher than expected increases in wholesale prices in November announced Friday – driven primarily by surging food prices – suggest CPG players may face tough choices in the months ahead as they try to offset extra costs either through additional price...
While 2022 may be categorized as the year the world returned to somewhat normalcy, the last 12 months still held their share of challenges, and for omega-3s, questions remain about how the market will change in 2023.
Uncharacteristically quick bipartisan action by Congress this week to pass a bill forcing an agreement between railroad workers and managers and avert a strike “spared this country a Christmas catastrophe in our grocery stores,” according to President...
Congressional leaders on both sides of the aisle promise to push forward this week legislation to divert a looming national freight rail strike that threatens significant job and financial losses and which could snarl still fragile supply chains, including...
As temperatures drop across the country and consumers allocate a larger portion of their budget to heating and fuel, experts predict spending will cool across other categories, including food, which has been relatively resilient despite double-digit inflation.
Hain Celestial is cautiously optimistic that the “macro environment is beginning to stabilize” and expects “modest sequential improvement in total company profit performance” in fiscal 2023 after better-than-expected sales in North America that softened...
Ending its fiscal year on a strong note, grocery wholesaler UNFI is ramping up investment in warehouse automation and robotics as part of its long-term growth plan to enhance efficiencies and long-term profitability for its customers.
Food prices at near forty-year highs now overshadow most other consumer concerns about grocery shopping – including fears of contracting COVID-19 or experiencing violence in stores – prompting many to rethink where they shop, what they buy and what product...
Target has cut its inventory levels by 20% in the last two months in a conscious effort to streamline its business and set the company up for improved long-term growth, shared chairman and CEO Brian Cornell.
Heightened US-China tensions have caused planners in all industrial sectors to reevaluate their sourcing arrangements. Stakeholders in the dietary supplement industry say having firm relationships with well-vetted suppliers is the best way to manage...
Extreme weather events from heat waves and droughts to ‘hundred-year storms’ happening every two years, the impact of climate change is obvious. And few industries are witnessing the impact as much as botanical supply chain.
Notoriously thin operating margins in the food supply chain will likely keep manufacturers and retailers from incrementally lowering prices even as input costs begin to come down – preferring instead to wait until the economic landscape stabilizes and...
In another sign that inflation may be peaking, wholesale prices fell month-over-month for the first time in July since April 2020, but commodities remain significantly higher than last year, suggesting it may be well into next year before food manufacturers...
The past two years have been a rollercoaster for many food and beverage companies, who have had to deal with everything from a global pandemic to rocketing inflation, labor shortages, and massive disruption across their supply chains. So what does all...
Dragged down by higher-than-expected cost inflation, supply chain challenges and unanticipated, stringent COVID-related restrictions in China, McCormick missed its sales and earnings targets in its second quarter – forcing the spice maker to slash its...
As rising gas and food prices cause US consumers’ confidence and short-term outlook for the economy to plunge, some are shifting their spending habits and the blame from the pandemic to ongoing supply chain costs, constraints and related government policies,...
Oat bar company Bobo's is continuing its growth streak, predicting 45% growth for the full year 2022 vs. 2021 even as challenging supply chain conditions linger, says CEO TJ McIntyre.
Food companies are increasingly opting for insetting over offsetting their carbon emissions, it's been claimed, as the voluntary carbon offset market continues to look to improve its credibility.
While many consumers report struggling with product shortages and delays in online orders along with mounting concerns over inflation, demand for groceries “tends to be relatively inelastic,” according to Morning Consult, which has just surveyed 1,000...
Batting many of the same macro headwinds as the rest of the industry including continued inflation, supply chain disruptions, and ingredient and packaging shortages, Hain Celestial maintains a positive outlook on its North American business where consumer...
March’s staggering 11.2% year-over-year producer price increase revealed yesterday by the Bureau of Labor Statistics suggests inflation, which reached a 41 year high of 8.4% last month, may be far from peaking and manufacturers, and consumers, should...
Popchips has unveiled a new look and two new flavors - Fiery Buffalo and Fully Loaded – that it says will help the ‘popped, never fried’ brand showcase its strong taste and ‘crave-worthy’ credentials. It has also ditched some brand extensions to focus...
Fueled by ongoing supply chain constraints and skyrocketing energy costs due partly to Russia's invasion of Ukraine, inflation continues its upward march with the Consumer Price Index topping out at a staggering 8.5% for all items and 10% for food...
The high-profile pricing dispute between the pair has been resolved, but has prompted the need for a code of conduct that would implement new rules of engagement for suppliers and grocers.
Recognizing trucking as a “lynchpin” in America’s supply chains that moves 72% of the US economy’s goods and that a lack of drivers has held back ability to meet surging consumer demand since the start of the pandemic and now contributes to rising inflation,...
The US labor market continues to grow at an unprecedented clip with a near full recovery from the devastating drop early in the pandemic and with more women and retirees returning to the workforce – but a slowdown may be on the horizon even as the consumer...
While General Mills is aggressively – and to an extent successfully – tackling supply chain challenges causing shortages of some of its beloved convenience brands, including Pillsbury dough and Totino’s pizza rolls, it likely won’t be able to fully meet...
A much-needed economic boost during the pandemic that helped reverse US agriculture’s multi-year downward financial slide likely will hold through at least 2022, although beneficial conditions likely won’t be “quite at the same level” as the past two...
The hemp/CBD market is going through a reckoning but ultimately will emerge in a stronger position, said the head of one of few publicly traded companies in the sector.
Walmart continues to rollback prices on select categories, including dry grocery, despite rising inflation and other retailers’ decisions to pass higher costs – at least in part – through to consumers.
Frustrated by market share performance in the US despite household penetration and repeat rate gains in 2021, Kraft Heinz is adopting “new game plans” that will lean heavily on renovating and repositioning of iconic brands, innovating to better meet consumer...
Consumers grappling with skyrocketing grocery prices due to fast-rising inflation may take cold comfort knowing that the increases are not as dramatic as other sectors or as high as in past economically difficult periods in part because of industry’s...
Hain Celestial is singing the same tune as many other CPG companies reporting quarterly earnings in the past month, and that is the back half of the year will be better than the first thanks to pricing increases to alleviate higher costs, increased inventory...
