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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Key Takeaways: Unilever’s CFO, Fernando Fernandez, will be taking on additional responsibilities for supply chain, procurement, digital and technology, and business services as part of a major executive leadership reorganization announced by the global food and household retailer on Monday.…
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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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New Report Highlights Key Trends in Confectionery Foods Industry Puratos Ingredients Group recently unveiled its latest AI-generated report forecasting major trends in the confectionery foods sector for the upcoming year. The report, based on insights from the Taste Tomorrow platform,…
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General Mills recently reported an increase in demand for its products following a price reduction earlier this year. CEO Jeff Harmening emphasized the company’s commitment to maintaining its competitive edge in a challenging market environment. Due to economic uncertainty, food…
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Key Highlights: Ingredion, a leading ingredients provider based in Illinois, reported a second-quarter net income of $148 million, showing a 9% decrease from the previous year’s $163 million. The company remains focused on its Texture & Healthful Solutions segment and…
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Amid rising inflation and financial pressures on U.S. households, PepsiCo has announced plans to reduce prices on select snacks to cater to value-conscious consumers. The food and beverage giant, known for brands like Fritos, Doritos, and Pepsi, highlighted the shift…
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Kellanova’s Strategic Move to Elevate Pringles Brand In a bold move in 2022, Kellanova decided to spin off its cereal division and put its focus on enhancing its snacking brands to compete with industry giants like Mondelēz International and PepsiCo’s…