According to The Compass Group, the average person today spends between 46 and 50 hours per week at work and U.S. unemployment is at its lowest since 1969 at just 3.7 percent. Today, the break room has suddenly become a tantalizing proposition for CPG food and beverage brands.
We are riding a “blossoming new wave” of beverage where consumers are breaking from conformity and embracing diverse categories according to SPINS VP of brand growth solutions Andrew Henkel, who broke down how the evolving beverage landscape during a presentation at BevNET Live Winter 2018.
The FDA confiscated CBD edibles at an Arizona smoke shop last week, taking products manufactured by companies Hempful Farms and CBD Living Water; Jammin Java loses appeal over Marley Coffee trademark and must pay $2.4 million; Monster Energy lead counsel dismissed in Bang/VPX lawsuit.
Last month, Sipp announced a comprehensive rebrand, including a packaging redesign of its slim cans and a reformulation to cut calories and sugar in half. The announcement comes as Sipp rolls out its organic sparkling water line Sipp Infusions.
Cannabidiol (CBD) is enjoying its moment as one of the hottest ingredients in the food and beverage industry. But even as regulations on hemp production have been lifted and more states adopt pro-cannabis stances, consumer education remains a key concern for the nascent CBD market.
Cognitive function brand BrainJuice saw its retail footprint rise from 150 to nearly 4,000 stores last year, adding Whole Foods Market and more than 1,000 GNC stores this month; Coca-Cola names Boxed exclusive retailer for Smartwater alkaline and antioxidant lines.
Feeling the pain of a declining sales amidst a dairy backlash, kefir maker Lifeway Foods is preparing a new internal restructuring project that brings a mix of tried and true strategies and new unventured grounds for the 33 year old brand.
As Fiji receives free media play via musicians and late night television skits, its owner The Wonderful Company continues to put in the legwork to maintain its vitality. In this clip from BevNET Live, Fiji president Elizabeth Stephenson walks through how Wonderful is keeping a mature brand like Fiji at the top of the conversation.
When investors and entrepreneurs clash, it can be a recipe for disaster. But when the partnership is honest and supportive, it can be the key to taking a business to the next level. In this clip from BevNET Live Winter 2018, REBBL CEO Sheryl O'Loughlin and BIGR Ventures co-founder Duane Primozich talk about how they have developed the traditional investment/brand dynamic into a true friendship.
Meal replacement maker Soylent’s natural use occasion is clear: three meals a day, three reasons to purchase a Soylent. Now as the brand moves into the mainstream retail environment, the company is creating new use occasions for its growing consumer base with Soylent Bridge, a new low calorie snacking line
It's time to look back at the past year by reminiscing on the exciting innovations, landmark deals, and major developments that changed the beverage industry. And there’s no more objective way to do that than list to our most read articles of 2018.
To raise or not to raise? To sell or not to sell? Those are questions that can haunt young beverage entrepreneurs, and the consequences for making the wrong decision at the wrong time can be significant to even the best-positioned companies.
PepsiCo North America announced today that CEO Albert P. Carey will retire at the end of March. Frito-Lay North America president and COO Vivek Sankaran and North America Beverages president and COO Kirk Tanner have accepted CEO positions in their respective units.
Novamex has acquired Tio Gazpacho for an undisclosed sum, the company announced today, more than a year after the Hispanic-focused beverage marketer first invested in the drinkable soup brand. Primarily an importer of Mexican brands such as Jarritos and Mineragua, Novamex said in the announcement that it is focusing on becoming a growth platform for natural and organic beverages, such as the organic certified Tio Gazpacho.
