CPG Week Podcast

This week on the NOSH Podcast, NOSH editor-in-chief Jeff Klineman, editor Carol Ortenberg and reporters Adrianne DeLuca and Lukas Southard discuss the recent acquisition of Sovos Brands by Campbells. Sunrise Strategic Partners’ Peter Burns and Coefficient Capital’s Franklin Isacson join Carol in the interview to talk about the current climate for investment in CPG food, their recent induction to the NOSH Notables list and explain why the investor-brand relationship should be treated like a marriage. In this episode: 1:00 – Campbell’s buying up Sovos marks a major shift in the world of Big CPG. According to the NOSH team, owning multiple product tiers across a single category has been a successful strategy for Campbell’s in the past. How could this new relationship shape the sauce shelf? 19:15 – How does being on the investment side of the CPG food industry differ from being a founder or operator? Burns and Isacson weigh in on how investors think differently about building a successful brand and share insights about how their respective firms assess potential investments. 22:00 – There’s no doubt the current climate around venture investment is tough, but difficult investor-brand relationships can make things even trickier. Burns and Isacson give advice on how founders can help make their brands more attractive to potential investors and possible exits. 40:55 – Investors may not favor influencer-led brands, but the added celebrity doesn’t hurt. Hear why these two venture capitalists believe PRIME cannot be ignored but remain cautious around typing a brand too closely to its social media stars. “Choosing an investor is very much like a marriage, for the most part these are long-term partnerships…it is very important that there is alignment.” – Franklin Isacson, Coefficient Capital managing partner “Good businesses will be able to go through the good times and the bad times… it’s hard and you’re going to have to grind. And if you don’t know how to grind, you better learn fast.” -Peter Burns, Sunrise Strategic Partners managing partner 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, NOSH editor-in-chief Jeff Klineman, editor Carol Ortenberg and reporter Lukas Southard discuss the recently published NOSH Notables 2023 List. Carol and Jeff explain their process for developing the list and how current industry trends are reflected by the executives selected and list categories. In this episode: 1:07 – Lukas asks Carol and Jeff about the impetus for the project and the process for selecting the 50 notable individuals. 8:25 – The team discusses the list structure and why the categories of Backers, Connectors, Gatekeepers, Quarterbacks, Spark Plugs and Superheroes ended up being the framework for the Notables list. 11:00 – Jeff and Carol review some of the notable Notables on the list and why NOSH feels they deserve recognition for their impact on the CPG food industry. 16:25 – Jeff and Carol describe how inclusivity played a role in their decision making, sharing how diversity and representation were important in both the makeup of people and in CPG. 24:45 – The three discuss why among a list of 50 influential people in CPG the three familiar faces of Snoop Dogg, Barbie and Gum E. Bear made the list. “It’s how NOSH sees the industry and some of the key currents that run through it. To define places like leadership and connection, investment and encouragement, and innovation.” – Jeff Klineman, BevNET Editor-in-Chief 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, Nosh editor Carol Ortenberg, Editor-in-Chief Jeff Klineman and reporter Lukas Southard sat down to talk about THC-infused snack brand knockoffs, CPG food products cashing in on popular entertainment properties (IE Barbie and Yellowstone) and the WHO’s ruling on artificial sweetener aspartame. In the featured interview, Lukas speaks with Every Body Eat co-founders Trish Thomas and Nichole Wilson about how they strategize using inclusive innovation and how the strength of the business comes from its use of the “concept of mattering” in its production stream. In this episode: 2:23 – Carol tells Jeff and Lukas what she picked up at the local grocery stores and ate while visiting Montreal. (Spoiler: There are words exchanged about bagels) 5:40 – The team discusses why products such as Trips Ahoy and Stoneos have found themselves in hot water with the FTC and FDA. 12:33 – Carol asks Jeff and Lukas about what they think of the recent CPG foods capitalizing on trending television show Yellowstone and movie release Barbie. Jeff and Lukas have a beef about a popular TV show’s signature dish. 19:30 – Jeff explains the potential impact WHO’s ruling on aspartame and why it might change the strategy for companies who already make or intend to release sugar-free products in the future. 27:05 – In the interview, Lukas sits down with the co-founders of allergen-friendly brand Every Body Eat to talk. CEO Trish Thomas and President Nichole Wilson explain how they define inclusive innovation and how they approach in-store growth 33:38 – Thomas and Wilson discuss how they prioritize being female founders and a Black-owned business when seeking investment. 41:50 – The two women share details about Every Body Eat’s production model and how the “concept of mattering” is used to empower their workforce. “The team who understands that they matter understands that good ideas come from anywhere and sees their ideas become best practice. And [they] take our cost of manufactured goods down 50% in the span of a year, because they know that they’re the ones that do it.“” Nichole Wilson, co-founder and president of Every Body Eat 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 a special dispatch from the World Business Chicago/Chicago Venture Summit, on this week’s NOSH Podcast Lukas talks to Midwest-based brands and investors about the advantages and challenges of being located in the middle of the country. Recorded in May, these executives share why Chicago’s proximity to manufacturing and distribution hubs can be a benefit in developing an inside-out nationwide growth strategy. In this episode: 1:20 – What unique opportunity does the Windy City offer to CPG brands? Bluestein Ventures managing partner Ashley Hartman and senior associate Amira Khatib break down the Chicago-based firm’s investment strategy and discuss where it looks for innovation. 6:00 – Then, Annie Slabotsky and Morgan Lerner, the co-founders of banana bread mix company GoNanas, dive into the benefits a certain incubator program had on the brand’s community building efforts. The pair also highlight how its network of Midwestern investors and founders helped the company to create a successful brand. 15:05 – Monique Hypes, co-founder of regenerative tomato soup brand Tomato Bliss, explained how the company’s mission to improve soil health in Michigan has been its biggest strength in growing the brand in both foodservice and retail. 21:32 – How can a little Midwestern kindness can be used as a strength in the food industry? Audre Kapacinskas, principal at S2G Ventures, shared why the VC firm is focused on funding sustainable companies and why Chicago’s centrality provides CPG brands with a manufacturing boost.   “If you’re building a CPG brand today and you’re thinking about how to differentiate, I think Chicago – and the Midwest in general – presents a lot of opportunity with which you could explore some of those different levers to differentiate yourself with.” “Generally in the Midwest, you have the typical Midwestern attitude of helpfulness and openness to collaborate than perhaps you would have in some of the more competitive markets.” -Audre Kapacinskas, principal at S2G Ventures   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 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