As consumer spending tightens, the snacking industry is feeling the impact. Major food companies like PepsiCo, Mondelēz International, and The Campbell’s Company are experiencing a slowdown in snack sales due to inflation and economic uncertainty, causing consumers to cut back…
Tag:
spending
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Food News
Chobani makes biggest plant investment in its history by spending $500M to expand Idaho facility
Key Highlights: Chobani is investing $500 million in expanding its Twin Falls, Idaho facility to increase production by 50%. The timeline for construction has not been disclosed. The expansion will result in an additional 500,000 square feet of space and…
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Key Takeaways: Households that include at least one GLP-1 user have reduced their grocery spending by around 6% after six months of taking the medication, according to a study conducted by Cornell University and Numerator. The impact is even more…
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Summary: Lactalis USA is investing $55 million in its Tulare, California facility to boost Président Feta cheese production in the U.S. A new 38,000-square-foot manufacturing line is set to be operational by 2027, marking a significant step in meeting the…
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Big agribusinesses have significantly increased their lobbying and campaign contributions in recent years as lawmakers discuss important policies like the farm bill that impact food production in the U.S. Companies like Tyson Foods and Deere & Co. have donated substantial…