CPG Week Podcast

On this week’s show, NOSH editor Carol Ortenberg and reporters Adrianne DeLuca and Lukas Southard air grievances about the lack of natural product emojis, run down some ice cream deals from the past week and discuss the impact of pouched products on Stonyfield’s business. Later, Carol sits down with editor-in-chief Jeff Klineman to rehash key takeaways from BevNET Live last week, including how investors are assessing growth and how brands can use their online identity to generate insights. Show Highlights: 01:26: As the NOSH team tackles its (new!) newsletter format, we all have become keenly aware how scarce natural products emojis are and plan to use this platform to change that…or at least score a pickle emoji. The team also gives the scoop on some sweet deals that were announced this week. 11:30: How have pouched yogurt products changed the trajectory of Stonyfield’s business? The answer lies in a small consumer group – think kiddie-sized – and a big investment that will expand its production facility to punch out 46 million pouches per year. 19:35: Over the past 18 months, how investors assess growth has continually evolved. Jeff explained how at BevNET Live, many investors said they no longer care for ‘growth at all cost’ mindsets and rather, value a well-maintained balance sheet. 26:28: Later, the discussion turns to the state of direct-to-consumer sales. Jeff highlights key takeaways from his talk with Nik Sharma, CEO of Sharma Brand, where a “detailed set of instructions” for developing an online presence that generates brand insights, stole the stage. “[Retailer’s] are not just looking for new products for the shelves, they’re looking for innovative products. They’re looking for products that they can debut, but – this is the big divide – they’re looking to share knowledge on how to succeed… But the basics remain… if you don’t have the ability to do the run for product – you’re not going to last very long.” -Jeff Klineman About the NOSH Podcast The staff of NOSH.com takes listeners inside the business of natural, organic, sustainable and healthy food during the NOSH Podcast. Using interviews and discussion, the team illuminates the news, brands, people, trends, and money affecting the world of packaged food. New episodes are released every week. Send us comments and suggestions anytime to [email protected]. Subscribe on Apple Podcasts

This week the NOSH podcast team revisits some important lessons and stories shared during NOSH Live Winter 2022. In this episode, you’ll hear from Suzie York, founder and CEO of The Better Chocolate and Matt Clifford, CEO of CanDo. After previously founding Love Good Fats and Barnana, respectively, Yorke and Clifford have moved onto their second endeavors in the world of CPG. In a conversation with NOSH editor Carol Ortenberg the duo share how they applied certain learnings from their first businesses, the second time around. Show Highlights: 03:00: Suzie discusses how she went from a first-time entrepreneur at age 50, to a second-time founder again at age 55. Matt then takes the mic to discuss why all founders should approach their business with a beginner’s mindset. 11:18: Matt jokes about the leap of faith Barnana took to get its first big retail break. Suzie shares how her experience at large multinationals taught her the playbook and walks through how those rules morph in the startup world. 18:39: The two founder’s trade tips from their past endeavors including approaches to team building, taking in investment and how the climate within the industry has changed for emerging brands. “There’s magic that happens when founders connect the dots, put a couple of things together and see what others don’t see. Then, we’re relentless. If you have a problem, you’re gonna work through it. You want to keep all of that [energy] even though you have experience.” -Suzie York “So much of what we do here is luck. Right? I think it’s dangerous when you try to figure out what is luck and what is skill. It’s execution, and then the right time, right place and having humility.” -Matt Clifford About the NOSH Podcast The staff of NOSH.com takes listeners inside the business of natural, organic, sustainable and healthy food during the NOSH Podcast. Using interviews and discussion, the team illuminates the news, brands, people, trends, and money affecting the world of packaged food. New episodes are released every week. Send us comments and suggestions anytime to [email protected]. Subscribe on Apple Podcasts

This week on the NOSH Podcast, the team begins by discussing the strategies brands use to boost perception of their sales strength as well as possible risks with this approach. Then reporter Lukas Southard describes what he saw and heard on his trip to Chicago, where he attended Naturally Chicago’s Pitch Slam and the Chicago Venture Summit: Future of Food, before the team discusses the impact of SPACs in CPG. In our featured interview FitJoy president Norman Taliaferro shares details surrounding the company’s recent $3.5 million fundraise, and the evolution of the company’s portfolio from protein bars to salty snacks. In this episode: 05:05 – Carol, Jeff and Lukas talk about “retail refereeing” when brands encourage consumers to buy up products in order to appear in a strong position with category buyers and managers. 09:00 – Lukas tells Jeff and Carol about his trip to the Chicago Venture Summit last week and how the Midwestern CPG community is trying to gain recognition as a hotbed for food industry innovation. 17:45 – The team talks about SPACs in CPG food and how the current investment environment has impacted the landscape for “blank check” investment opportunities. 20:15 – Carol speaks with FitJoy president Norman Taliaferro about how the brand pivoted into a new and completely different category, its struggles to stay afloat during the pandemic, fundraising and new innovation. “As everything goes in fundraising, it just takes twice as long as you think it will take.” “Getting on shelf – as hard as it is – is the easiest part of the process.” – Norman Taliaferro, FitJoy president About the NOSH Podcast The staff of NOSH.com takes listeners inside the business of natural, organic, sustainable and healthy food during the NOSH Podcast. Using interviews and discussion, the team illuminates the news, brands, people, trends, and money affecting the world of packaged food. New episodes are released every week. Send us comments and suggestions anytime to [email protected]. Subscribe on Apple Podcasts  

On this week’s show, NOSH editor Carol Ortenberg sits down with President and CEO of Lesser Evil Snacks, Charles Coristine, to discuss how the brand approached raising funds as the fed lifted interest rates, what areas of the business he prioritizes during times of economic uncertainty and why he expects the current operating environment to begin looking a little less bleak. Show Highlights: 01:25: Charles breaks down the snack brand’s fundraising history while providing some insight on what areas of the business he focused on during its respective life stages and how he approaches raising primary and secondary capital for CapEx. 07:02: The conversation shifts as Carol and Charles discuss the operational changes he made to the business and how that impacted investor perspectives. 16:03: Charles shares his advice on assessing and determining your business’ valuation and how staying close to the mark can help the brand draw in return investment. 20:57: To close out the conversation, Carol and Charles chat about why you should root your budget in uncertainty rather than lofty aspirations and how he finds joy in the capital raise process once the dust has settled. “As we focus on operational excellence, the nature of the brand is changing. A lot of what made us super successful at the beginning, isn’t what investors want us to focus on [now].” – Charles Coristine, Lesser Evil President and CEO About the NOSH Podcast The staff of NOSH.com takes listeners inside the business of natural, organic, sustainable and healthy food during the NOSH Podcast. Using interviews and discussion, the team illuminates the news, brands, people, trends, and money affecting the world of packaged food. New episodes are released every week. Send us comments and suggestions anytime to [email protected]. Subscribe on Apple Podcasts

In this episode of the NOSH Podcast, the NOSH team discusses the larger trend of chefs, restaurants and bakeries expanding into CPG, sharing recent funding and product examples. The team goes on to debate what the recent news in cell-cultured meat means for investment in the space and how it will dictate what companies survive and how quickly cultured proteins make it to market. Then, Jeff and Carol sit down with TIG Brands founder Elliot Begoun and Chomps president and COO Liz Carter as the duo discusses how the collapse of Silicon Valley Bank’s has emphasized how CPG brands prioritize how they view working capital. In this episode: 2:20 – Carol talks with the team about her dinner at New York City restaurant Per Se and the broader trend of chefs and bakeries launching CPG brands. 13:15 – The team discusses the juxtaposition of the news of the FDA’s approval of GOOD Meat and the announcement that cultured meat startup New Age Eats was officially ceasing operations. The team discussed what this means for the industry as a whole and how investment in the space will be key to the future of the industry. 22:20 – Jeff and Carol talk to Tig Brands founder Elliot Begoun and Chomps president and COO Liz Carter to discuss the role of working capital in light of the collapse of Silicon Valley Bank. “Your capital strategy is as important as your go-to-market strategy, as your marketing strategy, as your organizational design. If you don’t have a capital strategy – a plan for fueling your business – then you’re really always going to be reactive. That’s dangerous in the best of times and probably devastating in these current ones.” -Elliot Begoun, founder of Tig Brands About the NOSH Podcast The staff of NOSH.com takes listeners inside the business of natural, organic, sustainable and healthy food during the NOSH Podcast. Using interviews and discussion, the team illuminates the news, brands, people, trends, and money affecting the world of packaged food. New episodes are released every week. Send us comments and suggestions anytime to [email protected]. Subscribe on Apple Podcasts

On this week’s show, NOSH editor Carol Ortenberg and reporter Adrianne DeLuca are joined by two CPG executives and mission-driven brand leaders – Seth Goldman, CEO of Eat the Change and Jane Miller, CEO of Rudi’s Bakery – to discuss the departure of Miyoko Schinner from her namesake alt-dairy brand, Miyoko’s Creamery. The group discusses the macro challenges of being an outspoken founder figure, personal beliefs on the function and value of a mission-aligned board of directors and shares advice on approaching venture capital investment. Show Highlights: 03:45: The discussion kicks off with a look into Seth’s own professional experiences taking venture capital, how these two CEOs have navigated complex working relationships within executive teams and why holding regular, open and honest conversations with those at the top becomes especially important as the brand grows into its own. 08:05: Seth and Jane share their advice for fellow brand leaders on navigating the power dynamics that emerge when investment comes into play and how to ensure your stakeholders hold your company’s mission at heart. 15:19: The duo gets honest about the challenges entrepreneurs may face when scaling brands with a strong mission, complexities female founders face in this industry and explained why they believe a company’s founder should always be active in core decisions, serving as the guiding force and the brand’s champion throughout its lifecycle 25:50 Jane and Seth share their philosophy toward the function of a board and why this group of individuals should act as a support system and sounding board for a company’s leadership team. “Everybody should be on the same side, which is assuming the best [and] trying to get the company to the same place. When you start to create that environment of ‘my board members’ versus ‘your board members,’ you’re not going to get anywhere good.” – Jane Miller, CEO of Rudi’s Bakehouse “It’s really valuable for [Miyoko’s] vision to come to its fruition, for [her] to still be part of this…this is the visionary who created this brand and there’s no more effective advocate [the board will] ever find…you’ve got to find a way to make her feel like she’s part of this business… you want her to still be your advocate and champion.” – Seth Goldman, CEO of Eat The Change About the NOSH Podcast The staff of NOSH.com takes listeners inside the business of natural, organic, sustainable and healthy food during the NOSH Podcast. Using interviews and discussion, the team illuminates the news, brands, people, trends, and money affecting the world of packaged food. New episodes are released every week. Send us comments and suggestions anytime to [email protected]. Subscribe on Apple Podcasts

On this week’s show, NOSH editor Carol Ortenberg, editor-in-chief Jeff Klineman and reporters Adrianne DeLuca and Lukas Southard dish out some hot takes on the condiment set and give an update on some recent divestments and sales resulting from supply chain struggles. Later, we hear from Adam Spriggs, founder of The Angel Group, to gain insight from the investor and brand expert on how companies should approach positioning and branding in order to grow and flex throughout their lifecycle. Show Highlights: 02:10: This week’s topics get a bit saucy as the NOSH team shells out some controversial commentary and criticisms as they make their way down the condiment aisle including some lofty accusations against ketchup – is it a universal solvent or one-dimensional sauce? 10:32: The team then discusses the motives behind some recent divestments from big CPG players and how those actions compare to the supply network challenges facing Northeast organic dairy farmers. 19:45: Adam explains the oversight he sees many CPG entrepreneurs fall victim to and why he believes founders need to approach brand positioning with the mainstream consumers always in the back of their mind. 26:51: Later, Adam delves into how he analyzes a brand’s positioning and messaging strategies when assessing potential new investments, explaining that while a brand’s approach may always be rooted where it began, a founder has to be flexible to let that messaging evolve as the brand grows. “Most CPG founders are innovating within echo chambers that are detached from the interests and comfort zones of the majority of shoppers…What we need more CPG entrepreneurs focusing on is just innovating within a sweet spot.” -Adam Spriggs, Founding Partner of The Angel Group About the NOSH Podcast The staff of NOSH.com takes listeners inside the business of natural, organic, sustainable and healthy food during the NOSH Podcast. Using interviews and discussion, the team illuminates the news, brands, people, trends, and money affecting the world of packaged food. New episodes are released every week. Send us comments and suggestions anytime to [email protected]. Subscribe on Apple Podcasts