While regulations and bills surrounding immigration, foreign policy and healthcare have been top of mind when discussing Donald Trump’s first year as president, many administration initiatives are having major implications across the food industry -- and those ripples are being felt from the USDA all the way to convenience stores.
Ganeden president Michael Bush explained to NOSH why he decided to trust his gut with his decision to sell the leading probiotic company to Irish global nutrition and food conglomerate, Kerry.
The lawsuit is striking nerves because of its potential impact on organic products using anything from dairy to eggs — and also due to its eerily familiar pattern to the current administration’s other recent handling of food regulation.
Under the Obama administration, brands had until July 26, 2018, to adjust all packaging. With the new extension, manufacturers with $10 million or more in annual food sales will now have until Jan. 1, 2020; manufacturers with less than $10 million in annual food sales have until Jan. 1, 2021.
According to a report compiled by food and beverage packaging leader Tetra Pak, more than half of all in-store purchases today are influenced by digital channels, many of which are being accessed via smartphones. Because of this, many food and beverage brands are looking to social media and key influencers to reach consumers where they are: online.
One day after Whole Foods' shareholders voted to approve the nearly $14 billion acquisition by Amazon, the e-commerce giant unveiled strategic changes to be rolled out across the retailer's stores beginning next week.
Consumers are buying into new kinds of store programs and formats that better fit their needs– and it’s evolving the food industry as retailers know it, according to market research firm IRI’s Channel Performance Report released last month.
The e-commerce retailer increased net sales by 25 percent to $38 billion for the quarter, but earned less per share then Wall Street was expecting. Amazon SVP and CFO Brian Olsavsky said Q2 year-over-year earning differences were ”driven by investments” in the company’s own technologies like Echo, a ramp-up of its original video business and increased spending on hiring and marketing.
SJF Ventures led the round, while other investors included Interplay Ventures, Third Prime Capital, Dolik Ventures, and Robert Beckler, the former president of packaging at WestRock.
Plant-based, health startup Revere launched last week with plans of bringing personalization to athletes’ pre- and post-workout mixtures. Now, the direct-to-consumer drink mix company has announced it raised $2 million in a seed round led by Lerer Hippeau Ventures prior to the launch.
At first, suppliers weren’t sure what to make of the deal, with numerous food and beverage companies reserving their comments. Now, after more than a week’s reflection, many have told BevNET and sister site Project NOSH they are excited about the potential sales opportunities the partnership could provide, expressing enthusiasm for how it will maintain or even enhance Whole Foods’ reputation as a launching pad for small brands.
During last week's BevNET Live Expo, suppliers and flavoring companies took over the conference floor to showcase their latest innovations. Reporters from BevNET sister site Project NOSH walked the floor to survey exhibitors on what they think are the top trends of the flavor world right now.
In a deal that’s shaking the shopping experience for consumers, retailers, and food and beverage companies, Amazon’s scooping up of Whole Foods for $13.7 billion on Friday has hardened talk of large-scale disruption in the way consumers buy their groceries.
Rise Brewing Company is touting its coveted crown as the winner of New Beverage Showdown 13 after claiming the top spot in the early-stage beverage brand competition. Co-founders Grant Gyesky and Jarrett McGovern competed against entrepreneurs from five other brands participating in the final round of the Showdown, which is intertwined with BevNET Live Summer 2017 and held at Metropolitan West in New York City.