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Elevator Talk: Schmutz, Nature’s Turn, Single & Fat, Sweety
In the latest episode of Elevator Talk, we feature leaders from Schmutz, Nature’s Turn, Single & Fat and Sweety. Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week’s special co-host is Mia Medina, the founder and CEO of Gather Brands, who shared her thoughts, questions and feedback with the participants.
FDA Unveils Food Traceability Final Rule, Disadvantaging Small Food Makers
The FDA’s Food Traceability Final Rule published on Tuesday is meant to streamline oversight of contaminated food products but could put smaller food makers at a disadvantage due to the complexity of the mandate.
Pepsi Offers Ghost Kitchen Capabilities for Foodservice Partners
In an effort to unlock further growth opportunities for its foodservice partners, PepsiCo’s Foodservice Digital Lab announced today it will begin offering existing and future customers the ability to “seamlessly enter” the “ghost kitchen” space while leveraging the company’s resources and portfolio of brands.
Strvye Reports Drop in Net Sales in Q3, CEO Sees “Renovation Opportunities”
Despite declining sales year-over-year, executives at meat snack brand Stryve said on the company’s third quarter earnings call yesterday that it is making progress in reversing losses and controlling expenses.
Bel Group Partners With Standing Ovation, Targets Animal-Free Cheese
Bel Group – maker of Babybel, Boursin and The Laughing Cow brands – is partnering with food technology company Standing Ovation to use the startup’s animal-free, casein milk proteins to develop new cheese alternatives.
Kodiak Cakes CEO, President Step Down, Transition into Roles on Board of Directors
Kodiak Cakes co-founders Joel Clark and Cameron Smith announced today they are stepping down from their respective positions as CEO and president of the baking mix and snack brand.
Anita’s Yogurt Closes Doors Due To Rising Costs
After nearly a decade on the market, Brooklyn-based vegan yogurt brand Anita’s has closed its doors, stating it was unable to keep up with rising production costs and inflationary pressure in the wake of the pandemic.
COP27: Leaders Look To Food, But Remain Skeptical Initiatives Will See Action
The conference turned its attention to agriculture over the weekend while climate protests ranged outside the doors. The primary grievance connecting both protesters and attendees: proposed climate action has not been not enough.
NOSH Announces Nominees for ‘Best of 2022’ Awards
The nominees for NOSH’s “Best Of 2022” Awards reflect the variety and strength within the industry both in front of and behind the scenes.
Oatly to Cut Jobs, Switch to Hybrid Production Model After Q3 Report
Oatly announced it will lay off staff and transition the business to an “asset-light” hybrid production model after reporting a net loss of $107.9 million, with revenue growth falling short of analysts’ expectations, in its Q3 earnings report today.