Food Industry News, Insights, and Education for the CPG Community

Lembas, which describes itself as an artificial intelligence-powered peptide discovery company, aims to offer a more accessible alternative to high-priced injectables sold under brand names like Ozempic, Mounjaro and Wegovy with its first solution, GLP-1 Edge.

The Small Business Administration (SBA) under the second Trump term does not seem to be signaling support for its core constituents: small businesses.

Next-gen pasta sauce slinger Sauz announced today the closing of a $12 million funding round led by CAVU Consumer Partners, with participation from existing investors such as Coefficient Capital, Palm Tree Crew and Strand Equity.

Super Bowl champion-turned-entrepreneur Tom Brady is going deeper into CPG with the launch of GOAT Gummies, exclusively available on Gopuff.

Wholesale distributor UNFI is shipping on a “limited basis” in the wake of last week’s cyberattack, executives said during an earnings call today to discuss third-quarter financial results.

CPG talent recruitment business unveiled a new slate of leadership of its own today, naming Rob Ganjon to succeed founder Josh Wand as CEO after 17 years in the role.

They say it’s what’s on the inside that counts, but that’s only half true – at least when it comes to canned food.

The J.M. Smucker Co. announced sales were down to $2.1 billion in Q4, a decline of 3% year-over-year as sweet snack sales stagger.

The online grocery space is booming – up 27% year-over-year to reach $8.7 billion in total sales in May – but not all segments are performing at an equal pace.

In an industry where cash is hard to come by, but insights and experts are plenty, one expert makes a case for part-time hiring as a strategy to scale up.

Discount grocery store chain ALDI U.S. has promoted COO Atty McGrath to the role of CEO; Thrive Market names ex-Amazon exec Scott Lescher as first-ever COO; and Fishwife founder Becca Millstein joins Firehook’s board of directors.

NielsenIQ has joined forces with FoodHealth Co. to integrate their respective datasets, enabling brands to spot and craft pitches around the incrementality their products could bring to a retailer’s set on the basis of price, health and how those factors affect consumer purchasing habits.

Cleveland Kitchen is preparing for a period of high growth following a few years focused on consolidating manufacturing and expanding operations at its Ohio production facility. The sauerkraut slinger recently raised $2.9 million that will support brand-building initiatives as its founders aim to capitalize on heightened interest in digestive wellness and fermented flavors.

Conagra is selling off more brands, this time moving its Van de Kamp’s and Mrs. Paul’s frozen seafood brands to their co-manufacturer, High Liner Foods, in a $55 million cash deal. According to an announcement today, the deal only divests the intellectual property rights and inventory for the two brands, but does not include employees or manufacturing facilities.