News

Despite record levels of inflation following two years of supply chain disruptions and market volatility caused by the war in Ukraine, Kraft Heinz CEO Miguel Patrico said the company is “well positioned for the path forward” after reporting a 6.8% increase in organic net sales in its Q1 2022 earnings report, released Wednesday morning.

Investment firm Stride Consumer Partners announced today the close of their first fund at $420 million to further invest in brands developing consumer products and services. To-date, Strive has made three investments in meat snacks producer Chomps, Canadian skin-care company Skinfix, and clothing company Truewerk.

The government of Indonesia announced it will ban the export of refined, bleached and deodorized (RBD) palm olein, beginning April 28, until prices of bulk cooking oil fall below 14,000 rupiah per liter (approximately USD$0.97).

Plant-based food and beverage maker Laird Superfood introduced a new format to its portfolio with the goal of giving consumers a plastic-free approach to single-serve functional coffee. Today, the company announced the launch of Bright Cups, a proprietary Keurig-compatible pod format made from BPI-certified compostable materials and filled with Laird’s Focus Mushroom Coffee.

In this episode, we’re joined by Spike Mendelsohn, the acclaimed chef, restaurateur and co-founder of better-for-you fast food chain PLNT Burger and sustainable snack brand Eat The Change. Mendelsohn is also immersed in the nascent world of NFTs as the co-creator of CHFTY Pizza, a Web3 community that connects chefs with foodies and fans.

Alec’s Ice Cream wants to be more than just a sweet treat. The two-year old company this month debuted new packaging for its line of indulgent ice cream, a look designed to highlight its switch to using A2 milk from dairy farms practicing regenerative agriculture.

In this People Moves: No Evil cofounder Sadrah Schadel takes the lead as CEO, Imperfect Foods adds three new exec team members, Dream Pops brings on new Head of Sales, Gopuff names Maria Renz SVP of North America, Maxine’s Heavenly appoints new VP of Finance and New Culture names Josh Kittelson VP of Biology.

This week’s notable new products saw brands delving deeper into plant-based protein options, launching better-for-you versions of indulgent treats and celebrating birthdays with cake-flavored spreads. Check out this gallery for new items from Hodo and Oat Haus as well as the first products to come from newly launched brands Mooski and Green Fork.

During The Good Food Institute’s State of the Industry presentation on fermentation-enabled meat, seafood, eggs, and dairy yesterday, panelists broke down multiple areas of interest including investments, tech innovations and regulatory progress while highlighting its potential to create viable climate solutions over the long term.

In this week’s The Checkout: Nowadays raises $7 million to scale plant-based chicken nugget tech; Gerber launches new baby food line with a focus on plant-based protein; functional food category see new entry, Adapto Foods; and Halo Top reformulates and adds new flavor.