Non-alcoholic beverage sales gained pace in the two-week period ending December 3 as volume growth “remained stable despite a slight acceleration in pricing,” according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
As inflation continues to impact prices at the supermarket, U.S. consumers are spending less money buying groceries online, according to last month’s Brick Meets Click/Mercatus Grocery Shopping Survey.
Prebiotic soda producer Poppi has closed a $25 million Series B funding round backed by existing investor CAVU Venture Partners, the company announced today. The new financing arrives as Poppi reports 148% year-over-year growth amid a significant retail expansion.
Mauro Porcini, the Chief Design Officer of PepsiCo, discussed his definition of design, both in the abstract and specific to his work in consumer products, how he convinces colleagues to align with his vision, and where he takes his cues as a creator and leader. He also explained his hiring process and the value of technical expertise versus personality or cultural savvy and how social media influences his perspective on design.
Health-Ade has named former PepsiCo executive Chris Lansing as its permanent CEO as co-founders Daina Trout and Vanessa Dew prepare to step away from the kombucha company early next year.
Advertising watchdog group Truth in Advertising and the University of Connecticut Rudd Center for Food Policy & Health filed a complaint with federal agencies today against energy drink maker GHOST, alleging the company has “unfairly and deceptively” marketed its products to children.
Backed by $70 million in new growth capital, plant-based food and beverage company NotCo is aiming to build a business-to-business food technology platform “that operates like Coca Cola.”
In this week’s roundup of new products, Boxed Water takes a trip to Jurassic Park, Hydralyte teams up with actress Shay Mitchell and MTN DEW pays homage to an infamous holiday treat.
Taste Radio’s hosts reflected on the BevNET’s Winter 2022 events through the first day of BevNET Live, highlighted the winners of various competitions held throughout the week, how community was a key theme in panels and presentations and the fuel that kept Ray, John, Jacqui and Mike going amid a whirlwind schedule.
Coca-Cola’s North America CMO Melanie Boulden is departing the Atlanta-based conglomerate for a new role at Tyson Foods where she will serve as EVP, Chief Growth Officer. In a press release, Tyson stated Boulden will assume the newly created role on February 6.
As continued inflationary headwinds and supply chain disruptions lead to ever-evolving consumer purchasing behaviors, emerging CPG brands are left to address the market by embracing convenience and understanding how shoppers are moving more fluidly across retail channels.
Senate committee members attempted to extract Kroger and Albertsons’ “side of the story” during a hearing on the $24.6 billion merger. Here are some highlights from the two and a half hour testimony.
American craft spirits are recovering from the pandemic’s downturn, according to new data from the Craft Spirits Data Project. Compiled by the American Craft Spirits Association (ACSA) and Parks Street, the annual report released this week shows that craft distillers are growing in number of distilleries and in sales.
Keurig Dr Pepper (KDP) has entered a strategic partnership with C4 Energy producer Nutrabolt and will invest $863 million for a 30% ownership stake in the brand, along with distribution rights, the company announced today.
