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March 6, 2021

food ingredients

ImpactSKU seeking startups, mentors for upcoming cohort

FoodBusinessNews
by FoodBusinessNews01
MINNEAPOLIS — ImpactSKU, an accelerator program for purpose-driven consumer product startups, is accepting applications for its second cohort beginning June 1. Early-stage brands with market traction and annual sales of $100,000 or more are encouraged to apply. Applicants must demonstrate business practices promoting environmental sustainability, fair labor practices, ethical supply......
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Weston cautious on outlook as new restrictions put in place

FoodBusinessNews
by FoodBusinessNews01
TORONTO — Despite experiencing significant volatility due to COVID-19, Weston Foods finished fiscal 2020 on a high note. Now, company executives hope new government restrictions won’t put too much of a damper on Girl Scout cookie sales or the debut of a new donut platform heading into the new fiscal......
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Kellogg investing to retain, recruit employees to Battle Creek

FoodBusinessNews
by FoodBusinessNews01
BATTLE CREEK, MICH. — Kellogg Co. has announced plans to invest $150,000 in Battle Creek Unlimited’s (BCU) Talent Retention, Attraction and Inclusion Incentive (TRAIN), a program designed to help Battle Creek employers encourage new or existing employees to move to Battle Creek. The BCU’s initiative provides a path to homeownership,......
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A ‘bright future’ for natural and organic industry

FoodBusinessNews
by FoodBusinessNews01
BOULDER, COLO. — Makers of natural, organic and functional food and beverage products have an opportunity in the year ahead to help consumers adopt healthier habits, said Carlotta Mast, senior vice president and market leader at New Hope Network. “2020 was a challenging year, but natural and organic brands face......
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Membership jumps over 30% for Consumer Brands Association

FoodBusinessNews
by FoodBusinessNews01
ARLINGTON, VA. — Campbell Soup Co., the Hain Celestial Group, Inc. and Hostess Brands, Inc. are 3 of 18 companies who have joined the Consumer Brands Association since it rebranded last year from the Grocery Manufacturers Association. The additions marked a growth of more than 30%. The association now represents......
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Doing the pandemic pivot

FoodBusinessNews
by FoodBusinessNews01
CHICAGO — When Alicia Zyburt, a creative director in the hospitality channel, and her husband, Devon Owens, a chef in the Chicagoland area, had their four-month business calendar abruptly wiped clean because of the pandemic, they knew resting on their laurels was not an option. Mr. Owens started cooking extravagant......
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Kellogg, PepsiCo garner accolades for commitment to business integrity

FoodBusinessNews
by FoodBusinessNews01
NEW YORK — ADM, Grupo Bimbo SAB de CV, Ingredion, Inc., Kellogg Co. and PepsiCo, Inc. were among the 135 companies recognized recently by the Ethisphere Institute for their commitment to business integrity. Ethisphere, a global leader in defining and advancing the standards of ethical business practices, over the past......
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‘Triple bottom line’ drives Euromonitor’s trend predictions

FoodBusinessNews
by FoodBusinessNews01
LONDON — Consumers in 2021 will expect purpose-driven initiatives that support the “triple bottom line” — people, planet and profits — according to Euromonitor International. Last year saw public attention largely shift from slower moving environmental threats to more urgent social issues. “After George Floyd’s death last year, some brands......
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Chocolate reigns supreme in protein performance products

FoodBusinessNews
by FoodBusinessNews01
MELVILLE, NY. — Taste is the No. 1 purchase driver of nutrition and performance products, according to data from Comax Flavors. The company surveyed 1,200 consumers about their behavior, usage and attitudes toward ready-to-drink protein drinks, protein bars, and sweet and savory protein snacks and found more than half (52%)......
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Unilever investing more in plant-based technology

FoodBusinessNews
by FoodBusinessNews01
LONDON — Plant-based foods is a growing area of opportunity, one in which Unilever holds significant competitive advantage, said Alan Jope, chief executive officer of Unilever. Mr. Jope addressed the Consumer Analysts Group of New York via Zoom on Feb. 16. While larger in non-food categories than Foods and Refreshment,......
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Three technologies transforming the food industry

FoodBusinessNews
by FoodBusinessNews01
BOSTON — Digital tools are key to weathering disruptions in the food and agriculture value chain, according to a new report from Lux Research. The company’s Foresight 2021 report identified the top technologies food and agriculture leaders should look to in the year ahead. “The agrifood ecosystem is experiencing a......
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IFF pads ingredient portfolio, R&D through merger

FoodBusinessNews
by FoodBusinessNews01
NEW YORK — A merger has brought more ingredients and more technologies to IFF, which means the New York-based company has more ways to meet customer requests. International Flavors & Fragrances early in February completed its merger with DuPont Nutrition & Biosciences, a business unit of DuPont. The combined company,......
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Cardinal Foods to expand in North Carolina

FoodBusinessNews
by FoodBusinessNews01
RALEIGH, NC. — Cardinal Foods LLC has announced plans to invest $15.5 million to expand its operations in Pender County, NC. The expansion, which will add production capacity for sweet potato french fries, will double the company’s current workforce to 96 from 48. Founded in Burgaw, NC, in 2017, Cardinal......
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Consumer interest in sustainability is still growing

FoodBusinessNews
by FoodBusinessNews01
HARTLAND, WIS. — The pandemic hasn’t shaken consumer interest in food sustainability, according to a new poll from C.O.nxt and Menu Matters. The companies surveyed 750 consumers across the United States and found sustainability is more important now than a year ago. They also found the definition of sustainability continues......
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Sysco sees restaurant recovery accelerating

FoodBusinessNews
by FoodBusinessNews01
HOUSTON — Sysco Corp. is making it easier for restaurants to rebuild following a tumultuous year that shuttered thousands of independent operators and left millions of foodservice workers without a job. More than 17% of restaurants closed permanently or long term in 2020, according to the National Restaurant Association. Sysco......
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Mondelez International resetting its innovation agenda

FoodBusinessNews
by FoodBusinessNews01
CHICAGO — Executives at Mondelez International, Inc. accelerated several strategic initiatives last year to position the company to emerge stronger from the pandemic, said Dirk Van de Put, chairman and chief executive officer. Efforts included reducing expenses, simplifying operations and investing in brands and capabilities. “Our actions leading up to......
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Volatile global poultry market weighs on Pilgrim’s profit

FoodBusinessNews
by FoodBusinessNews01
GREELEY, COLO. — Ongoing unpredictability in the global poultry market led earnings lower at Pilgrim’s Pride Corp. in fiscal 2020. Net income in the year ended Dec. 27, 2020, totaled $94.76 million, equal to 39¢ per share on the common stock, down 79% from $455.92 million, or $1.83 per share,......
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Expo West to go virtual in 2021

FoodBusinessNews
by FoodBusinessNews01
ANAHEIM, CALIF. — Natural Products Expo West will be held virtually this year, organizers said on Feb. 11. The event, which typically occurs each March, previously was rescheduled to take place in Anaheim in late May. Informa Markets’ New Hope Network, which produces the Natural Products Expos, also said it......
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Kellogg returns to balanced financial growth

FoodBusinessNews
by FoodBusinessNews01
BATTLE CREEK, MICH. — Buoyed by a pandemic that the company’s chief executive officer said provided “a sampling event like none other,” Kellogg Co. turned in strong earnings growth during fiscal 2020. Net income in the fiscal year ended Jan. 2 totaled $1.25 billion, equal to $3.65 per share on......
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Snacks success helps offset beverage challenges at PepsiCo

FoodBusinessNews
by FoodBusinessNews01
PURCHASE, NY. — Acceleration in its global beverage business coupled with resilience in its global snacks and food business propelled PepsiCo, Inc. to a strong finish in fiscal 2020, said Ramon L. Laguarta, chairman and chief executive officer. “Our results were indicative of the strength and resilience of our highly......
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