[ad_1] KANSAS CITY — The year ahead is full of possibilities, and the question on everyone’s mind is: What flavors will trend in 2024? From mindful indulgence to flavor fusions, there are several anticipated trends consumers will gravitate toward. In a 30-minute on-demand webinar, the editors of Food Business News deliver their perspectives on the […]
Read More[ad_1] CHICAGO — The search for nutrient-dense foods to feed a growing global population is at full throttle. A consensus view holds that better use must be made of what grows on land and in water and taking better care of the planet is necessary. The sentiment is fueling innovation in the plant-based ingredients sector, […]
Read More[ad_1] LONDON — Food and beverages products that blend nutritional support and environmental benefits are trending. Market researcher GlobalData identified how manufacturers are tapping into the demand through a variety of formats, including plant-based offerings and alternative dairy proteins. “We are witnessing a shift in our approach to food and health by embracing alternative, sustainable […]
Read More[ad_1] CHICAGO — ADM’s stock experienced a sharp decline on Jan. 22 after the company announced that its chief financial officer, Vikram Luthar, had been placed under administrative leave amid an investigation into accounting practices in its nutrition segment. ADM’s stock opened at $56.88 on Jan. 22, down16.6% from its previous close of $68.19 on […]
Read More[ad_1] UTRECHT, NETHERLANDS — The baking industry is in “better shape” heading into 2024 than it was after 2022 due to lower commodities prices, restored margins and more knowledge about navigating a volatile environment, according to a new report from Rabobank. The report, “Bakery bites: Looking back and looking ahead,” was issued this month and […]
Read More[ad_1] MADISON, NJ. — Like Air, a family-owned snack company, will appear on “Shark Tank” on Friday, Jan. 19, 2024, from 8-9 PM E.T. on ABC. “Shark Tank” is an American reality competition series where a panel of potential investors called “sharks” look at offers from aspiring entrepreneurs who are seeking investments for their business […]
Read More[ad_1] ALBUQUERQUE, NM. — Bimbo Bakeries USA (BBU), a division of Grupo Bimbo SAB de CV, said it plans to close its baking plant in Albuquerque by mid-April. The closing will affect 149 employees, the company said. The Albuquerque plant, BBU’s only facility in New Mexico, bakes bread and buns. BBU said volume loss as […]
Read More[ad_1] SAINT-HYACINTHE, QUE. — Olymel LP, a Canadian poultry and pork processor and distributor, confirmed plans to lay off 100 employees over the next few weeks. A company spokesperson said 30 temporary layoff notices were issued last week, and another 30 temporary layoffs are planned for this week. Olymel said it would begin an early […]
Read More[ad_1] CHICAGO — With ADM’s first vessels of verified, traceable soybeans loaded and shipped from the United States to Europe, the company intends to expand this sustainability initiative to key North America locations for the 2024 growing season in anticipation of new European Union deforestation regulations taking effect at the end of the year. “At […]
Read More[ad_1] ARLINGTON, VA. — SNAC International is holding its third SNAC Tank Pitch Competition. The competition features guest judge Daymond John, founder of FUBU and star of ABC’s reality series “Shark Tank.” Participants must submit a two minute video pitch describing their product and brand as well as product samples. The competition provides startup snack brands […]
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