Key Takeaways: Tyson Foods is facing challenges with low cattle availability despite strong consumer demand for beef, as reported in an earnings call on August 4th. To address the tight supply, Tyson has implemented cost-cutting measures, including optimizing its network…
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Key Takeaways: Beyond Meat is planning to reduce its North American workforce by approximately 6%, which amounts to about 44 employees, as the company faces challenges in the plant-based food market. The California-based company anticipates incurring a one-time charge of…
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Oatly’s New Strategy Aims to Boost Plant-Based Milk Demand in the U.S. Oatly is gearing up to revitalize the demand for plant-based milk in the U.S. with a new strategic approach that is set to pave the way for its…
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Key Points: The USDA reported that negotiated wholesale prices for graded loose eggs have been decreasing due to the absence of significant outbreaks of bird flu in March. Demand for shell eggs has dropped as grocers are not promoting egg…
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Key Highlights: Post Holdings saw a 2.3% decline in cereal volumes in its recent quarter, reflecting the ongoing challenges in the category.Source. The rise of niche brands offering healthier options has impacted major cereal players like Post, as noted by…
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Glass Packaging: The Consumer Choice Consumer demand for glass-packaged products is on the rise in grocery stores, but supply hasn’t kept up. A study by O-I revealed that while consumers prefer glass packaging, 66% of them cited a lack of…
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Exciting News: Great news for Better Meat on Tuesday as they have received a patent for their innovative process of producing mycoprotein, an alternative protein made through fermenting a fungus known as Neurospora crassa. This breakthrough will enable the company…
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Food News
The Weekly Sip: Spider-Man’s Tom Holland swoops into nonalcoholic beer | Bottled water demand explodes
The Weekly Sip is Food Dive’s column focused on the latest news in the rapidly changing and growing beverage sector. From inaugural product lines to big investments and controversial topics, this column aims to quench the thirst for developments in…
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Food News
The Weekly Sip: Molson Coors faces declining beer demand | Nestlé brings Kit Kat into Coffee mate
The Weekly Sip is Food Dive’s column focused on the latest news in the rapidly changing and growing beverage sector. From inaugural product lines to big investments and controversial topics, this column aims to quench the thirst for developments in…
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Sales Soar for Refrigerated Bar Clio With sales for refrigerated bar Clio posting a compound annual growth rate of 50% annually, CEO John McGuckin could be excused for sounding upbeat. But the former Sabra hummus executive is not ready to…