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

Laird Superfood is downgrading its full-year guidance after announcing that net sales dropped 6% year-over-year to $8.7 million during Q2 2022, citing structural headwinds in online channels in addition to inflationary pressures.

CPG brands are broadly split on whether the ongoing supply chain disruptions have fueled or hindered innovation, according to a new report by supplier management company TraceGains. Around 35% of companies reported that they experienced a slight, moderate or significant decrease in product innovation since June 2020, while 36% said market conditions have led to… Read more »

The Food Industry Association’s webinar – “Peering Into Food Inflation’s Black Box” – painted a nuanced picture of rising grocery prices, one that showed nominal increases in the cost of food relative to inflation over the past three decades.

SunOpta reported one of its strongest quarters in company history, posting a record $145.9 million in revenue on the back of a record 31% growth in plant-based food and beverage.

The BevNET team is hosting a SoCal food, beverage, and beer industry meetup on Tuesday, September 13th from 4PM to 6PM PT. Join our San Diego team, as well as our CEO John Craven and CMO Mike Schneider, for two hours of networking and product sampling.

Investment firm and advisor Next In Naturals has acquired the assets of plant-based yogurt brand Lavva.

The BevNET team is hosting a SoCal food, beverage, and beer industry meetup on Tuesday, September 13th from 4PM to 6PM PT. Join our San Diego team, as well as our CEO John Craven and CMO Mike Schneider, for two hours of networking and product sampling.

Austin, Minneapolis-based Hormel Foods announced today it will transition to three operating segments – retail, foodservice and international – as it moves further beyond meat products and evolves into a “global branded food company.”

  Despite some relief for consumers in other economic sectors, food and beverage prices continued to increase in July, up 1.2% month-over-month, according to a new inflation report by market research firm IRI. Even as the price of other household necessities like gasoline have begun to fall, grocery prices remain elevated – up 14.4% year-over-year… Read more »

Heather Terry, the founder and CEO of ambitious platform brand GoodSam Foods and the co-founder of trailblazing chocolate company NibMor, spoke about why acknowledging a lack of business acumen is important for early-stage founders, why adhering to brand mission is paramount to an operational strategy and how GoodSam aligns with consumers and retailers that embrace its vision.

Alongside several former Whole Foods executives, including his former co-CEO Walter Robb, John Mackey will open a chain of wellness centers and restaurants next year. Under Mackey’s leadership, Whole Foods has launched various travel and wellness offerings.

In April, Nespresso announced it was now a B Corp certified company creating a backlash among other B Corps who say the B Lab’s assessment process is “in serious need of repair” and the seal is being used to “greenwash” some companies.

All four flavors from the Laoban’s core set of dumplings have entered a variety of stores in the past few months, including: King’s & Balducci’s, Earthfare, Tony’s/Woodman’s/Sendik’s, Plum Market, Central Market, Met Market, New Seasons and Bristol Farms/Mother’s Market.

Plant-based meat sales continue to trend downward for Beyond Meat during the second quarter, with revenue declining 1.6%. As a result , the company has cut back manufacturing costs and laid off approximately 4% of its workforce.