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Ocean Spray Cranberries Inc. announced that president and CEO Tom Hayes will retire effective March 2, 2026. During his tenure, Hayes helped strengthen operations, drive growth and position the iconic cooperative for its next phase of innovation.

V&V Supremo Foods has purchased land in Jefferson, Wisc., paving the way for a new, state-of-the-art manufacturing facility. The expansion will boost production capacity, support sustainability goals, and create new jobs while strengthening the company’s national reach.

ICL has signed a definitive agreement to acquire Bartek Ingredients, a global supplier of food-grade malic and fumaric acid used across food, beverage and personal care applications. The phased transaction positions ICL to expand capacity and capitalize on a functional ingredients market projected to top $45 billion by 2030.

Jensen Meat Company is consolidating Before the Butcher, Cool Beans and its co-manufacturing operations under a single plant-based division to accelerate flavor innovation and operational efficiency. The unified structure enhances support for emerging brands while expanding high-quality, plant-based options for consumers across lifestyles and dietary needs.

The federal government is moving to formally recognize marijuana’s accepted medical use and accelerate its rescheduling from Schedule I to Schedule III under the Controlled Substances Act. This shift is based on FDA, HHS and NIH findings showing credible scientific support for marijuana’s use in treating pain, nausea, vomiting and anorexia related to medical conditions.

Team Hive Homies captured the Most Innovative Use of Honey award with Beevive, a line of functional shots leveraging honey as a natural delivery system for recovery, immunity and energy. The Cornell Food Hackathon showcased more than 150 students developing next-generation honey products—from edible pods to flaked finishing honey.

Jones Soda Co. has added experienced industry leaders as COO and CMO, bringing deep expertise in brand building, innovation and digital marketing. With its credit facility increased to $10 million, the company aims to build on recent sales spikes driven by high-profile collaborations.

After two decades across global markets, the author outlines a simple but powerful framework—Consumer, Business, Technology—that keeps innovation grounded in human needs while driving measurable growth. Examples from Pringles, Cheez-It and sustainable packaging show how cross-functional collaboration turns this model into real-world impact.

PepsiCo is positioning its 2026 growth strategy around an expanded innovation agenda and a major SKU rationalization effort aimed at improving competitiveness and speed to market. The company plans to reinvest savings from cost reductions and SKU cuts into innovation, cleaner ingredient profiles and increased marketing support.

Anheuser-Busch plans to acquire 85% of BeatBox in a deal valued at up to $490 million, with an option for full ownership after five years. The bold, fruit-forward RTD brand will expand A-B’s Beyond Beer lineup pending regulatory approval and an expected 2026 closing.