PepsiCo: U.S. Bev Volumes Drop As Uncertainty Looms
PepsiCo lowered its full-year earnings forecast this morning, citing declining consumer confidence and tariff-induced increases in supply chain costs as major hurdles to growth.
Headlines
U.S. Spirits Exports Hit Record High, Trade Disputes Cause “Uncertainty”
U.S. spirits exports hit a record $2.4 billion in 2024, up nearly 10% compared to 2023, according to a report released today by the Distilled Spirits Council of the United States (DISCUS).
Chobani ‘Entering a New Dimension’ With $1.2 Billion New York Facility
Chobani is investing $1.2 billion in a new dairy processing plant in Rome, New York, amidst accelerated growth.
Elevator Talk: Corpse Reviver, MAA • TE, The NA Beverage Company, Big D Energy Drink
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Courtney O’Brien, the founder of The Outlier Initiative, who shared her thoughts, questions and feedback with the participants.
Daily Briefing (Insiders Only): No/Low Beverages Go On Tour
This is one case where drinking and driving kind of go together. With its third edition kicking off in Denver last month, the No/Low Tour, presented by for-profit industry group Focus on Health, aims to spread education, awareness and best practices for the red-hot adult non-alcoholic (ANA) and low-alcohol space.
Amid Cost Crunch, CPG Founders Seek Assistance From Overseas
Outsourcing CPG industry positions can be polarizing at a time when tariffs have become a touchpoint for reshoring jobs to the U.S., but creating efficiencies in a startup business could be the difference between success and failure.
How Junglee Aims To Crack The Cultural Cocktail Code
It’s not often that the genesis for a canned cocktail is a home-cooked dinner. But for friends Vishal Patel and Parit Pathak, the idea for their ready-to-drink (RTD) cocktail brand, Junglee, came from their mothers’ cooking.
Taste Radio: Vision & Virality — How Sauz Became One Of The Hottest Brands In CPG
Troy Bonde and Winston Alfieri aren’t selling your father’s ragu. Instead, the 25-year-old co-founders of Sauz, a bold, culture-forward pasta sauce brand, are reimagining what it means to build a modern CPG company from the ground up. And, it’s working.
Mateína Moves Away From Sugar As RTDs Take Focus; “It’s A Big Advantage”
Canadian brand Mateína is rolling out a complete revamp of its 12 oz. ready-to-drink line launched last year that drops all sugar, a move founder/CEO Nicolas Beaupré believes can create true separation in the yerba mate category.
Cash Crunch or Comeback? Q1 Food & Beverage Financing Trends – a FABID Exclusive Report
Is the food and beverage funding freeze finally thawing? FABID’s Q1 2025 Report reveals a surprising rebound in deal size and investor appetite—just not where you might expect.
Taste Radio: Funding Favors the Few. Chefs Favor the Simple.
In a year clouded by economic uncertainty, you’d think investors would be clinging to their cash. But by the looks of things, maybe not? This episode also features an interview with acclaimed Boston-based chefs Jamie Bissonnette and Kenta Katagai as they take us behind the scenes of an unforgettable culinary collaboration.
Reed’s Names PepsiCo Vet Wallace as CEO, Snyder to Retire
Reed’s has appointed former PepsiCo exec Cyril Wallace as its new CEO, replacing outgoing leader Norman E. Snyder, who is stepping away from the role after five years with the craft soda producer.
In Memoriam: BevNET Chairman Jack Craven
It’s with great sadness that we’re writing to note the passing of Jack Craven, the Chairman of BevNET, father of our CEO and founder, John Craven, and father-in-law to our COO, Carolyn Craven.
Tequila Gains Share On-Premise; Reposado On a Roll
Tequila continues to gain share from other spirits in U.S. bars and restaurants, according to NIQ’s on-premise marketing research arm CGA.