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Food and beverage industry news.
Nestlé Plans Additional Price Hikes After Inflationary Headwinds Hurt 2022 Earnings
Nestlé announced on Thursday plans to further increase prices across several product lines after inflationary headwinds, including heightened ingredient costs, contributed to a decline in sales volumes for the fourth quarter.
The NOSH Podcast: How Conversation Creates Converts
This week the team talks cauliflower, its place on Chick-fil-a’s menu and the veggie’s larger role in branded and private label CPG. Later, we hear from Ted Wright, CEO of word of mouth marketing agency Fizz.
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Miyoko Leaves Miyoko’s Creamery
Vegan dairy brand Miyoko’s Creamery has seen its namesake, founder and CEO Miyoko Schinner, formally depart the company, according to an announcement from the brand today.
Fueled By Donations From Industry Leaders, Project Potluck Looks to Double in Size in 2023
Project Potluck, a 501(c)(3) nonprofit organization run by and for People of Color (POC) to build successful companies and careers in consumer packaged goods (CPG), is starting 2023 with big plans for growth thanks to generous donations and support from industry leaders like Once Upon a Farm, Chobani, PepsiCo Ventures Group, and ForceBrands, to name a few.
Distribution: House Party Enters NorCal Whole Foods; Gotham Greens Expands Kroger Partnership
Coming on the heels of a rebrand last month, Union City, California-based vegan cheese dip maker House Party announced it has landed its products in 51 Whole Foods Market locations across Northern California.
NuttZo to Launch New Products at Expo West
NuttZo is excited to announce the launch of three brand new innovative products to it’s growing line of nut & seed offerings, and welcomes you to come check them out at booth #N1417 at this year’s expo!
Ithaca Hummus Expands Into Salsa, Plans To Uphold Chickpea-laden Identity For Now
While hummus is an inherent part of the brand’s identity, Ithaca Hummus founder and CEO Chris Kirby doesn’t believe its first line extension – Fire Roasted Salsa – will be the source of too much consumer confusion.
Arms Race: Cultivated Meat Companies Battle To Grow Production Space
Cell-cultivated protein companies appear to be locked in a race to build commercial-scale production plants, even as the industry awaits full regulatory approval from both the FDA and the USDA, reflecting the long and complex road towards widespread commercialization and price-parity with conventional meat and seafood.
Tofurky CEO on Company Sale: ‘We Were Facing a lot of Challenges’
Last week Turtle Island Foods, which makes Tofurky and Moocho, was acquired by a subsidiary of multibillion dollar company Morinaga Milk Industry Co. With a purchase price of over $50M, the deal came as CEO Jaime Athos said the company was “facing a lot of challenges.”
Taste Radio: Why The ‘Primal’ Plan – Focus On The Basics And Your ‘Why’ – Works
Jason Burke, founder and CEO of clean-ingredient meat snack and condiment brand The New Primal, discussed the demands of building a modern food brand, why he advises founders to embrace reliable business practices and a cautious retail strategy and how “the goalposts” have shifted when it comes to large CPG exits. He also stressed the importance of due diligence on potential investors and shared a moving story about his motivation to provide consumers with better food options.