Greencore Sets Its Sights on Expansion with $1.2 Billion Acquisition of Bakkavor
In a significant move within the food industry, Greencore, a leading international convenience food manufacturer, has officially announced a groundbreaking deal to acquire Bakkavor, a prominent player in the fresh prepared food sector, for a staggering $1.2 billion. This transaction is a strategic step for Greencore as it seeks to bolster its market position in the rapidly evolving food landscape.
Continue reading
General Mills Lowers Sales Projections Amid Declining Snacking Trends
In a surprising turn of events, General Mills has adjusted its sales guidance downward, attributing this decision to an observable slowdown in its snacking segment. The food conglomerate, well-known for its broad range of snack products, reported in a recent earnings call that consumer spending patterns are shifting, leading to slower growth in one of its key categories.
Continue reading
The Future of Global Food Supply: The Intersection of Climate, Trade Conflicts, and Technology in 2025
The year 2025 is set to be a pivotal moment for the global food landscape, influenced by the ongoing repercussions of trade wars, climate change, and significant advancements in technology. As countries adjust to a rapidly changing environment, these factors are poised to reshape agricultural practices, food supply chains, and international trade dynamics.
Continue reading
Record Cocoa Prices Drive Innovations in the Chocolate Industry
The chocolate market is undergoing significant shifts as cocoa prices hit record highs, leading to heightened concerns about sustainability and a search for alternative sources of chocolate. The rising costs have implications not only for chocolatiers and manufacturers but also for consumers and cocoa-producing regions.
Continue reading
Mondelez Makes Sweet Moves: Invests in Cell-Based Cocoa Startup to Revolutionize Chocolate Production
In a significant move aimed at redefining the chocolate industry, Mondelez International, the multinational snacking giant known for its iconic brands like Oreo and Cadbury, has announced a strategic investment in a pioneering startup that specializes in cell-based cocoa production. This investment underscores the increasing demand for sustainable and alternative sourcing methods within the food sector, marked by growing consumer interest in environmentally-friendly products.
Continue reading
Matto Coffee Chain Targets NYC College Students and Office Workers with Innovative New Menu
In an exciting development for both caffeine enthusiasts and busy professionals, Matto, a popular coffee chain based in New York City, has launched an innovative menu specifically designed to cater to the needs of college students and office workers. The menu, which is packed with new offerings, aims to provide quick, convenient, and affordable options for those constantly on the go.
Continue reading
McDonald's Revamps Value Menu to Attract Discerning Diners
In a strategic move aimed at capturing the attention of today’s more selective consumers, McDonald’s has announced a significant overhaul of its value menu in the United States. The fast-food giant is revamping its offerings to not only cater to budget-conscious eaters but also to entice those looking for quality and variety in their fast-food experience.
Continue reading
Impossible Burger Nears Launch in Major EU Market: A Game-Changer for Plant-Based Foods
The Impossible Burger, a revolutionary plant-based meat alternative, is taking significant strides toward entering a key market in Europe, raising expectations among consumers and industry watchers alike. The company known for its inventive and environmentally sustainable food products is currently preparing to finalize its sales initiatives in a market that represents one of the largest opportunities for plant-based food consumption.
Continue reading