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Danone to cut 2,000 jobs to save $1.2B by 2023

Danone to cut 2,000 jobs to save $1.2B by 2023

15 Dec 2020

Danone will cut up to 2,000 jobs from its 100,000-person workforce, including up to 25% of the positions at its global headquarters in France. The company will undertake these reductions in a restructuring effort to save €1 billion ($1.2 billion) by 20...

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Kraft and Mondelez brands are moving toward gluten-free

Kraft and Mondelez brands are moving toward gluten-free

14 Dec 2020

Kraft Heinz and Mondelez are expanding further into the gluten-free space with the release of gluten-free Kraft Macaroni & Cheese and gluten-free Oreos respectively. Kraft Heinz’s mac and cheese is now available, but Mondelez will not launch its new Or...

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Abbott launches infant formula with immune component

Abbott launches infant formula with immune component

10 Dec 2020

Infant nutrition company Abbott Nutrition launched its new Similac line Pro-Advance which is its “closest formulation to breast milk” and includes added 2’-FL HMO prebiotic for infant immune support. The company is launching this product in Canada wher...

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Lactalis moves more brands into Indian market

Lactalis moves more brands into Indian market

8 Dec 2020

French brand Lactalis is expanding its hold in the Indian market through the launch of its UHT toned Lactel milk brand. These one-liter packs are fortified with vitamins A and D will retail for Rs70 ($0.94).

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Candy maker Mars to acquire Kind North America for $5B

Candy maker Mars to acquire Kind North America for $5B

7 Dec 2020

Candy maker Mars will fully acquire bar maker Kind Bar in a deal that is reported to be worth $5 billion. Daniel Lubetzky, the company’s founder told the New York Times, which first reported the deal, that Kind's sales are about $1.5 billion annually. ...

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Report: Food and Beverage spending anticipated to rise during holidays

Report: Food and Beverage spending anticipated to rise during holidays

4 Dec 2020

The Consumer Brands Association releases a report stating that spending in the food and beverage sector will be up 9.5-11.5% for the season. This forecast jump in spending is in line with CPG sales over three of the last four months which were reported...

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Avian Flu reaches Britain, quarantine measures set

Avian Flu reaches Britain, quarantine measures set

3 Dec 2020

In November, the first cases of avian flu were detected in the UK prompting the government to set up biosecure prevention zones across England, Scotland and Wales. Since then, the number of cases has continued to increase in both domestic and wild popu...

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Mondelez releases it second State of Snacking report

Mondelez releases it second State of Snacking report

30 Nov 2020

Snacking has now become a lifeline for people weathering the lingering pandemic. As compared to pre-COVID-19, 88% of adults say that their snacking has increased since this past spring, according to Mondelez’s second annual State of Snacking report.

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Former Walmart alumnus brings AI to trucking, minimizing spoiled produce

Former Walmart alumnus brings AI to trucking, minimizing spoiled produce

26 Nov 2020

The former Walmart executive Syed Aman has moved on in his logistics career and is now the cofounder and CEO of HWY Haul, a company that professes a goal of streamlining the business of delivering produce to retailers while also reducing food waste.

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Thanks to low production, turkey prices rise in November

Thanks to low production, turkey prices rise in November

23 Nov 2020

Thanksgiving and Christmas in the United States are shaping up to be expensive affairs even as consumers have suffered the economic ramifications of COVID-19 for most of 2020.

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Nestlé buys Freshly for $950M

Nestlé buys Freshly for $950M

20 Nov 2020

Nestlé acquired Freshly, a startup that provides home delivery of healthy meals, for $950 million at the end of October. The acquisition comes with the option for additional payouts of $550 million that is contingent on the successful growth of the bus...

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Beyond Meat unveils the next generation of its Beyond Burger

Beyond Meat unveils the next generation of its Beyond Burger

18 Nov 2020

Beyond Meat will release two new versions of its Beyond Burger: one with increased juiciness and the other with an improved nutritional profile. Both burgers will launch across the U.S. in 2021.

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