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

We’re joined this week by Pat LaFrieda, CEO of renowned meat brand Pat LaFrieda’s, who discussed his definition for quality and how it fits into the company’s evolution, why “relationships are everything” in business, his vision for the future of the restaurant industry and his surprising opinion about plant-based meat products.

Last week, three new reports from market research firms IRI, Datassential and Blue Chip, shone light on how consumer behavior has changed since March and what the industry should anticipate as the crisis eases and a new normal for consumer buying habits emerges.

Where does a floating grocery store land during a pandemic? What about a curated snack service for office workers? As most daily activities move online, businesses whose plans rely on disrupting the everyday grind with exciting new products need to move forward — including snack services and experientially-focused popup retailers.

BevNET and NOSH’s new interactive streaming video series, Office Hours, will take place on Tuesdays at 3pm ET. The one-hour live call-in show aims to help food and beverage professionals connect with industry experts for helpful guidance and strategic insights during a time of uncertainty.

Lee Robinson, Director of Dairy & Beverage at Whole Foods Market, discussed best practices for engaging with retail buyers, why he urges entrepreneurs to be transparent about their business and innovation strategies, how he evaluates disruptive concepts, his perspective on the future of plant-based food and setting expectations for communication with buyers amid the current crisis.

Although impulse buys are taking a hit during COVID-19, IRI expects on-the-go snacks to regain steam, especially with younger generations and Hispanic shoppers, once normal schedules return. In a recent report, IRI discussed the organization’s findings on snacking trends during 2019 and COVID-19 — and how both might influence the future of snacking.

Over a decade after it opened, the founder of organic ice cream company Three Twins announced last week that it was closing. Neal Gottlieb attributed the difficult decision to financial hardships resulting from a lack of growth and poor product choices.

Martinique Grigg is the co-owner of co-CEO of CORO Foods, a cured meat company that’s bringing together new world flavors and old world techniques. The brand offers a high-end line of salamis featuring bold and unique flavors while utilizing a proprietary aging and curing process.

Laird Superfood has secured a $10 million investment from Danone Manifesto Ventures, the company announced today. The Sisters, Ore.-based brand, founded in 2015, markets a variety of “superfood” products, including creamers, coconut water, nutrition powders, drink mixes and plant-based sugars.

Hershey’s announced plans to sell off once high-flying jerky brand KRAVE, along with artisan chocolate brands Scharffen Berger and Dagoba, during a quarterly earnings call that reflected a few months of dramatically-shifting consumer habits toward the confection company’s chocolate products.

In response to the ongoing COVID-19 crisis, supplement brand Ancient Nutrition — which is backed by investment from some of the biggest names in the natural foods business — has undergone layoffs and replaced its CEO.

The eighth round of food and beverage brands includes Wedderspoon, Peekaboo Ice Cream, Catalina Crunch, Simply 7 Snacks and more. This week’s special co-host is Darren Rovell of Tastemaker Capital, who will offer an investor’s perspective and provide feedback for each brand.

No matter what side of the negotiating table you’re sitting on, the coronavirus has brought a host of critical new challenges and choices for both entrepreneurs and investors. In this interview with BevNET managing editor Martin Caballero, Jeremy Halpern, partner at Boston-based firm Nutter, offers his insights into the changing capital and lending environment.

It’s with great regret that we are announcing the postponement of our Summer BevNET Live, NOSH Live, and Cannabis Forum events that were scheduled to be held June 8-12 in New York City.