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Uncrustables are still a major factor for The J.M. Smucker Co.
Read more about the company's financial results below:
https://ow.ly/vMnZ50Qg4bR
Hostess acquisition seen boosting company sales by $650 million during the rest of fiscal 2024.
Rise Baking Company has acquired two pie facilities from Wonderbrands Holdings Inc. and FGF Brands Inc.
Read more below:
https://ow.ly/VNh350QfWTI
Facilities part of scaled, full-line pies platform.
A record 1,685 exhibitors showcased the latest new products, flavors, packaging, ingredients and services at the 2023 Private Label Trade Show held Nov. 12-14 in Rosemont, Ill.
Read more below:
https://ow.ly/65G850QfERB
Younger consumers are embracing store brands and seeking upgraded experiences.
Kansas State University (KSU) has received a $16 million grant that will support an extensive study across the US Corn Belt and Great Plains.
Read more below:
https://ow.ly/4EYh50QfvQW
Grant also improves sustainability and profitability of increased crop yields.
An Illinois federal jury on Dec. 1 awarded $17.8 million to plaintiffs Kraft Heinz Co., the former Kellogg Company, General Mills, Inc. and Nestlé USA Inc. in an egg price fixing lawsuit.
https://ow.ly/jQWj50Qfayf
The case goes in favor of Kraft Heinz, the former Kellogg Co., General Mills and Nestle USA.
Indulgent yet affordable foods, late-night snacking and guajillo peppers are some of the key trends shaping the food and beverage industry in 2024, according to Tastewise.
Read more below:
https://ow.ly/mjZn50Qf380
Predictions come from Tastewise’s “Flavor beyond intuition” trends report.
Projects involving sorghum porridge in Kenya, chicken coops in Albania and cover crops in Tongo were among eight seed grant winners of $25,000 each announced Nov. 28 by the Institute of Food Technologists (IFT) and Seeding The Future Foundation.
https://ow.ly/ISHq50QeAjC
Foundation, IFT honor projects in Africa, Canada and Ukraine.
Barry Callebaut Group has chosen “mindful indulgence” and “healthy indulgence,” among others, as trends in the chocolate markets for 2024.
Read more below:
https://ow.ly/I1vw50QeAbT
Trends include ”intense indulgence, “mindful indulgence,” and “healthy indulgence.”
Ardent Mills sourced 37% of its energy from renewable sources in 2023, a jump of 7% over 2022, making progress toward achieving 50% renewable energy usage across operations by 2025.
https://ow.ly/9pFR50QeA57
Seeks more encompassing list of time-bound goals.
Divine Chocolate USA is bringing back its signature Crispy Thins, a snackable chocolate with a wavy shape.
Read more below:
https://ow.ly/wF9050QeA1b
Rice-filled chocolate available in four flavors.
President Joe Biden and USDA secretary Tom Vilsack said the Department is making investments that will improve American food and agriculture supply chains, expand markets for agricultural producers, and lower food costs.
Read more below:
https://ow.ly/PxeA50Qep0Z
USDA will invest nearly $196 million in 185 projects.
Omni-commerce, defined by Manish Sharma of Kellanova as “integrating all the different channels, from online to offline, into the shopper experience,” is critical to today’s consumers.
Read more below:
https://ow.ly/Npfx50Qe46k
Sharma sees ‘enormous opportunity’ to unlock growth.
ADM covered plans and progress in North America and other continents when releasing its inaugural annual regenerative agriculture report Nov. 29.
Read more below:
https://ow.ly/FH0T50QcVU0
Actions across multiple continents will help reach goals.
Scoular released its third annual sustainability report, which highlighted progress across the company’s five sustainability pillars, including an updated sustainability leadership structure.
https://ow.ly/xWWo50QcAA7
Company highlights improvement in its five sustainability pillars.
The Kraft Heinz Co. is launching its first plant-based Kraft Mac & Cheese offering with TheNotCompany, Inc.
https://ow.ly/qEER50QcsZ6
Product marks the third new offering from The Kraft Heinz Not Co. since 2022.
Read about the 2023 Bakers Fly-In and Policy Summit sponsored by the American Bakers Association (ABA) below:
https://ow.ly/Ym9b50Qc8BK
Experts talk about federal programs and policies impacting the food system at the 2023 Bakers Fly-In and Policy Summit.
Consumer demand for nostalgic foods will be a significant driver for flavor and product development in 2024, according to the foodservice category market research firm Datassential
https://ow.ly/vSJL50QbZLk
The trend was identified alongside interest in European cuisine, according to Datassential’s annual FoodBytes trends report.
General Mills, Inc., the former Kellogg Company, The Kraft Heinz Company and Nestlé USA, Inc. all will receive damages after a jury in a US district court on Nov. 20 ruled in their favor in a lawsuit over the price of eggs.
Read more below:
https://ow.ly/Ooo650QbFCJ
General Mills, Kellogg, Kraft Heinz and Nestle all to be awarded damages.
JAB HOLDING COMPANY LLC has promoted Joachim Creus from managing partner to chief executive officer. Mr. Creus succeeds Olivier Goudet, who has been managing partner and CEO since 2012.
https://ow.ly/4HBe50Qbxh5
Most recently was managing partner.
ADM will expand its global regenerative agriculture efforts with the start of a pilot program in Brazil that will engage 20 soy farmers encompassing nearly 50,000 acres.
https://ow.ly/eouz50QaxmH
Pilot initially will gather data on fertilizer use, no-till farming, cover crops.
Grocery shoppers have prioritized product transparency at an increased rate over the past five years, according to research presented at The Center for Food Integrity (CFI) Transparency Summit 2023.
https://ow.ly/O27a50Qaxh0
The percentage of consumers saying transparency is important rose 7% in five years.
Read all about Q3 from Hostess Brands below:
https://ow.ly/fGgg50QaxeV
Sales and volume up during quarter.
Flowers Foods & Subsidiaries has reduced greenhouse gas (GHG) emissions by 21% per tonne of product compared to its 2015 baseline, far exceeding its initial goal, according to the company’s 2022 corporate responsibility report.
Read more below:
https://ow.ly/bvkv50Qax3s
Emphasis on product labeling and the environment.
AMC Theatres has teamed up with Hidden Valley to offer a zesty, ranch flavored popcorn for a limited time.
https://ow.ly/hHfP50QamvN
Ranch-flavored popcorn only available for a limited time.
Starbucks is establishing a new Environmental, Partner and Community Impact Board Committee.
https://ow.ly/ocEW50Qa0UI
Will oversee shifting regulations, standards of environment, partners, community impact.
Bühler Group has opened a new food innovation hub in Uzwil, Switzerland, bringing together a range of capabilities into one location.
https://ow.ly/KCBB50Q9SVt
Four Application and Training Centers are opening.
SK Capital Partners LP has completed its previously announced acquisition of J&K Ingredients, Inc. from CORE Industrial Partners.
https://ow.ly/eeHX50Q9rnl
Buys J&K Ingredients from Core Industrial Partners.
Functional food brand Amia has launched its flagship line of migraine-friendly snack bars.
https://ow.ly/czrg50Q8Ynj
The bars are formulated from a gluten-free oat and seed blend.
Comfort foods, from soups and stews to stuffed vegetables, will be a common theme on menus in the year ahead, according to the National Restaurant Association's 2024 What’s Hot Culinary Forecast.
https://ow.ly/4ZPk50Q8Y1m
National Restaurant Association releases annual forecast.
Bakers brought their concerns to the offices of their senators and congressional representatives at the 2023 Bakers Fly-In and Policy Summit.
https://ow.ly/Hywa50Q8XzB
Leadership from baking organizations participate in the 2023 Bakers Fly-In and Policy Summit.
Food prices are finally falling. C. Douglas McMillon, president and chief executive officer at Walmart Inc., said he is expecting “a period of deflation in the months to come” in the United States.
https://ow.ly/LLGp50Q8Xu4
Prices in key categories are dropping as consumer spending remains tight.
Hive Bidco, Inc., a subsidiary of Mars, Incorporated, has agreed to acquire Hotel Chocolat, a premium chocolate company in the United Kingdom with international expansion goals.
https://ow.ly/ThVF50Q8OfN
Hotel Chocolat seeks to expand internationally.
The American Beverage Association may have violated a Federal Trade Commission Act by “failing to adequately disclose” that the association apparently hired influencers to promote the safety of aspartame in social media posts, according to an FTC warning letter dated Nov. 13.
https://ow.ly/Sxik50Q8szs
FTC says beverage association failed to ‘adequately disclose’ it paid influencers.
Net earnings soared 36% for Target in the third quarter ended Oct. 28 despite a drop in revenue.
https://ow.ly/8KnM50Q8lPb
Food and beverage sales decrease as consumers face various pressures.
The global cocoa market has endured mixed supply and demand signals this year, which means uncertainty now and in the months ahead.
https://ow.ly/1tHT50Q84QA
Cocoa bean production in the Ivory Coast in the 2023-24 season is forecast down about 25% from the prior year.
ADM and Marathon Petroleum Corporation marked the start of operations at their joint venture soybean processing complex, Green Bison Soy Processing, with a ribbon-cutting ceremony Nov. 14 at the facility in Spiritwood, ND.
https://ow.ly/f03u50Q823J
Ribbon-cutting held on Nov. 14 in Spiritwood, ND.
Adam Butler, former chief executive officer of Kraft Heinz Company Canada, has been tapped as the new CEO for Flagship Food Group. Mr. Butler also joins the company’s advisory board.
https://ow.ly/XyPz50Q7Uiu
Adam Butler previously was with Kraft Heinz.
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