The U.S. Food and Drug Administration (FDA) in late April announced draft guidance for the Accredited Third-Party Certification, a voluntary program within the Food Safety Modernization Act (FSMA). The guidance aims to encourage more organizations to participate in the Accredited Third-Party Certification Program (also referred to as the Third-Party Program or TPP) which would expedite regulatory approval of foreign food and beverage into the U.S.

Monster Beverage Corp. posted strong topline numbers in its Q1 2022 earnings report on Thursday, as net sales rose 22.1% to over $1.5 billion. Yet increased pricing in aluminum and continuing supply chain obstacles pushed distribution costs up by nearly 50% and operating expenses north of $377 million for the quarter, driving a 6.7% drop in net income for the energy drink company.