Bakeries navigate two months or stay-at-home orders, while evaluating innovation strategies
May 15, 2020
Covid-19 has affected bakery players in different ways. With foodservice representing as much as 70% of their sales, frozen bakery players have seen reduced orders as food consumption changes from restaurants to home kitchens.
Unique products honored with 2020 Food and Beverage (FABI) Awards
May 15, 2020
The National Restaurant Association Show announced the recipients of the 2020 Food and Beverage (FABI) Awards, recognizing food and beverage products that are breaking new ground in taste, creativity, packaging, and profit potential.
Food Industry Exchange sponsored by FMI powered by The Seam launches to address the urgent needs of retailers and wholesalers
May 13, 2020
The primary purpose of the platform is to bring vast efficiencies to the food supply chain, while also serving as a critical tool in times of need. Retailers requiring additional resources to fulfill needs at grocery stores, are connected with sellers that have capacity of products, transportation services, labor, and warehousing services.
Glanbia Nutritionals unveils insights into major food, beverage industry trends
May 12, 2020
Times change, and so do consumers’ tastes. After all, there’s a reason the phrase “flavor of the month” exists. Capturing interest, and the harder job of holding onto it, is a constant challenge for food and beverage producers.
Mintel releases news research analyzing the economic indicators that will play a role in predicting consumer spending in the months and years ahead
May 8, 2020
Mintel, the experts in what consumers want and why, released new research analyzing the current economic environment compared to that of the Great Recession, including insight on the economic indicators that will play a role in predicting consumer spending in the months and years ahead.
Company plans to increase recyclability, recycled content and consumer education and infrastructure
May 7, 2020
Campbell Soup Company announced new packaging sustainability goals to reduce packaging waste by increasing circularity—keeping materials in use and out of landfills. The four goals are designed to address all phases of the packaging lifecycle, from sourcing to end-of-life, including recycling or composting.
Annual BCG/IRI study highlights role of acquisition, innovation, surgical pricing, ecommerce, and consumer-trend fulfillment
May 6, 2020
The US consumer packaged goods industry increased by 2.2% in 2019, outpacing 2018 growth of 2.0%, according to the eighth annual Boston Consulting Group (BCG)/IRI CPG study released at the end of March. The growth was driven exclusively by pricing adjustments in the face of declining average volumes across measured channels. Despite the volume drop, top growth leaders saw their volumes increase over 2018.
Pandemic accelerating digital adoption and likely to cause long-term changes in consumer behaviors
May 6, 2020
The COVID-19 pandemic is likely to alter consumer behaviors permanently and cause lasting structural changes to the consumer goods and retail industries, according to findings of an Accenture survey of more than 3,000 consumers in 15 countries across five continents.
Innovation, new product development and launches are each subject to the developing situation on the ground
April 29, 2020
As an industry we’ve read lots of published research on consumer attitudes and purchase behavior during the COVID-19 crisis. Those who manage existing food and beverage brands have been in the thick of it, dealing with huge swings in demand, closures, new operating procedures, and the like.
Sustainable food systems company commits to net-zero emissions across its supply chain by leveraging plans for pilot plant
April 27, 2020
Aleph Farms, Ltd., announced its new sustainability strategy: to eliminate emissions associated with its meat production by 2025 and reach the same net-zero emissions across its entire supply chain by 2030.