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Del Monte Foods Inc. will skip its Crystal City, TX, vegetable canning plant's fall and winter packing seasons and cut 63 jobs at the facility. The company is canceling the upcoming fiscal 2019 pack and will reassess the inventory position for the fiscal 2020 pack, reported San Antonio Business Journal. Full Story
The Kellogg Co. will relaunch Honey Smacks in November following a food pathogen outbreak linked to the product earlier in 2017. The company noted the product would have a simpler, updated recipe. Full Story
Creekstone Farms Premium Beef broke ground on a $35 million refrigerated distribution center at its plant in Arkansas City, KS. The 41,000-sq. ft. warehouse will include an automated storage and retrieval system to help the company expand its business. The facility is expected to be fully operational by fall 2019. Full Story
The global wheat protein market is expected to surpass revenue of $2.7 billion by 2024, according to research by Global Market Insight. An increasing focus for manufacturers to promote organic and vegan food items will increase the wheat protein market size. Raw material availability at comparatively low cost is a major factor driving the companies to invest in gluten items resulting in the business expansion. Full Story
O.A. Foods improved the flavor of its Palmini pasta alternative to neutralize the taste of heart of palm, which is the main ingredient. The company is transitioning the product to pouches from cans to appeal to customers who are moving away from canned goods. Full Story
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Upper Saddle River, NJ (October 17, 2018) – As we come upon the one year mark from the January 1, 2020 updated Nutrition Facts labeling deadline, and as consumers become more interested in label transparency and company trust, it is more important than ever for food industry executives to make sure their company is labeling their products correctly.
Walmart wants investors to rethink the company’s business as it outlined plans to grow online sales and how it will battle Amazon for more share.
read moreSame-store sales growth at Family Dollar would be essential in order for the discount retailer to stay competitive, according to Barclays. But this would be a challenge, as Dollar General’s prices remain superior and store overlap with Family Dollar is high.
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