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Beyond Meat Looks To Cut Costs While Sales Keep Sliding
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.
The Checkout: Whole Foods Settles $15M Dairy Supplier Case; Del Monte Acquires Kitchen Basics
In this week’s Checkout: Whole Foods settles breach of contract suit with former dairy supplier with $15M payout, Del Monte acquires Kitchen Basics brand amid heightened soup sales, Naturally Network and NielsenIQ launch national fellowship to support minority CPG entrepreneurs and Tabasco and Instacart foray into fashion with new swag.
Notable New Products: Mediterranean-inspired Olive Oil Cake Mixes & Salmon Hot Dogs
This week’s notable new products saw brands creating better-you iterations of the classic hot dog, launching Mediterranean-inspired baking mixes and adding new flavors to their existing snack lineups.
Class Action Alleges DFA Has Acted as Raw Milk Monopoly in Northeast
Dairy Farmers of America (DFA) is the target of a class action antitrust lawsuit filed last week, alleging the largest national dairy cooperative has acted or has tried to act as a monopsony by constraining the Northeast raw milk market. The complaint, filed on July 29 in the U.S. District Court in Vermont, claims DFA… Read more »
CPG Exec Sarah Bird Heads to Quinn
Longtime CPG executive Sarah Bird has joined Quinn Foods as CMO. “The brand is at this incredible place where it can grow,” Bird said of the opportunity.
Vericast: Inflation Pushes Brands to Craft Marketing Around Generational Differences
Marketing firm Vericast explained in its “2022 CPG and Grocery TrendWatch” consumer report that brands who offer competitive pricing and promotions while optimizing the convenience of online shopping with the in-store experience are more likely to succeed across age groups during the current high inflationary period.
Flashfood App Aims To Close Food Waste Gap For Retailers, Consumers
The grocery shopping app Flashfood has doubled its business in 2022 and saved 45 million pounds of food waste from landfills by pairing grocery retailers with shoppers looking for a discount.
Where’s the Brie: Can High End Vegan Cheese Grow the Category?
Vegan cheese has long been associated with highly-processed, non-fermented oil-starch-flavor concoctions. While artisan iterations have emerged within the category, they face a conundrum. What’s the role of these products, given that slices and shreds still lead sales in the category?
The MetaMarket Looks to Gamify Ecommerce with Pop-Up Virtual Events
While some ecommerce platforms may be navigating a downturn as many consumers return to brick-and-mortar retail, startups Parade and CPGD are looking to the metaverse to make the online shopping experience more fun and personal with their latest platform: The MetaMarket. Launched earlier this year, the MetaMarket calls itself “the first-ever farmers’ market in the… Read more »
Whole Foods Market Unveils First Cohort for Local and Emerging Accelerator Program
Whole Foods Market this week announced the 10 brands selected to participate in its new mentorship and education program for local suppliers, the Local and Emerging Accelerator Program (LEAP).