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Food and beverage industry news.
BevNET Industry Meetup: Connect with the Boston Food, Beverage & Beer Communities on April 13
We’re inviting the local Boston CPG community to our HQ office on Thursday, April 13th for a food, beverage and beer industry meetup. Join our BevNET, NOSH, Brewbound and Taste Radio teams from 6 PM to 8 PM ET for networking, beverages and light appetizers. We also encourage you to BYOS a.k.a. “bring your own samples” for others to try!
Laird: Company Emphasizes Turnaround Efforts After $15.6M Q4 Net Loss
Facing a net loss of $15.6 million in Q4 2022 – up 126% year-over-year – plant-based food and powdered drink brand Laird Superfood said it is emphasizing turnaround efforts in the new year during an earnings call this week.
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Oatly: Supply Chain Strategy Shift Paying Off In Margins
Swedish oat beverage maker Oatly announced that revenue increased 4.9% year-over-year to reach $195.1 million in Q4, while also informing investors that it had secured $425 million in financing commitments that will allow the business to grow as it looks to reach “self-sufficiency.”
Mr. Kooks, Caribé Juice Among 13 CPG Brands Chosen for Circana’s Diversity Advantage Program
Circana, the new combined company name for IRI and the NDP group, announced today the second cohort of 13 consumer packaged goods companies for its Diversity and Advantage program (DAP), eight of which are food and beverage brands.
Watch: Patagonia Provisions and Moonshot Snacks Leaders Weigh In On Recent Acquisition
A day ahead of Expo West, news broke that Patagonia Provisions had acquired climate-friendly snack brand Moonshot Snacks, the CPG brand of carbon management platform Planet FWD. A week prior, Planet FWD had announced a new partnership to join forces with Climate Neutral, a carbon credits certification program.
Expo West: Industry Reacts To Erythritol Study
Has a new report touched off industry panic over erythritol? Judging by Expo West, perhaps not quite yet. A week before the show, scientific journal Nature Medicine released a study claiming that erythritol was linked to elevated rates of heart attack and stroke.
Watch: How the Kraft Heinz Not Company JV Approaches Innovation
Filmed at Expo West 2023, in this interview The Kraft Heinz NotCompany CEO Lucho Lopez-May shares how the joint venture has approached innovation and is bringing plant-based alternatives to the Kraft Heinz portfolio.
Expo West: Stryve Drops ‘Biltong’ from Packaging, Mindright Reformulates
In a roundup of news spotted at Natural Products Expo West 2023: Stryve rethinks its packaging, dropping the term “biltong;” Midnight reformulates to incorporate scientifically backed ingredients; and Fabalish expands its portfolio and launches a new look.
Expo West 2023: Brands Take Aim at Uncrustables
In our third video recap from last week’s Natural Products Expo West 2023 in Anaheim, the team breaks down the latest news and updates from the event, including how a number of brands are trying to topple Uncrustables as well as a new target consumer (and use case) for functional foods.
Expo West 2023: Fatso Finds New Owners; UmYum Plans for U.S. Expansion
In our third dispatch from the show floor of Natural Products Expo West 2023: Fatso’s new owners share their plans for the brand; Hershey’s discusses their snacking strategy; and UmYum plans for the U.S. debut of its plant-based cheeses.