Food retailers have little time to keep on top of business intelligence. The Food Institute allows its retailer members to have more time taking care of the business by offering brief, concise and timely reports on the trends and developments they need to know about.
PepsiCo Inc. entered into an agreement to acquire SodaStream International Ltd. for $3.2 billion. The acquisition is expected to position SodaStream for further expansion and innovation. Full Story
Annual food loss and waste is expected to grow to 2.1 billion tons, worth $1.5 trillion, through 2030, according to Boston Consulting Group. The report notes companies can address the issue by investing in cold chain supply systems, adopting digital technology to minimize loss and waste, improving collaboration between agricultural producers and food processors, and advocating for changes to regulations and tax policies. Full Story
Analysts believe Rite Aid and Cub Foods may be likely acquisition targets for Kroger. An investment manager at Foster & Motley claims Cub Foods would give Kroger a greater share of the grocery market in the Minneapolis area, while Rite Aid would give the grocery chain a foothold in some markets where it doesn't now have stores and could enable Kroger to expand its pharmacy business, reported Denver Business Journal. Full Story (Subscription Required)
Sales of organic chicken via chain stores are likely to grow at a CAGR of 14.7% through 2028, with sales expected to exceed $7.5 billion by the end of the forecast period, according to Fact.MR. Market growth is likely to be driven by increasing demand for organic food products as opposed to traditional products. Sales of organic chicken are expected to remain concentrated in Europe, closely followed by emerging economies of Asia Pacific, excluding Japan. Full Story
The U.S. dropped a proposal to put seasonal curbs on some agricultural exports to the U.S. as part of NAFTA, according to Mexico's National Agricultural Council. The council's VP for foreign trade claims the move followed a lobbying effort that sought to show the seasonality proposal stood to benefit a small fraction of U.S. agricultural producers while putting many other U.S. farmers at risk from Mexican retaliation, reported Reuters. Full Story
Mango producers in Mexico, Haiti and Brazil exported about 2.5 million boxes the week ending Aug. 11, down from the 3.1 million boxes reported in the year-ago period, according to the National Mango Board. Mango volumes are expected to increase 2% year-over-year through Dec. 8. Full Storyread more
The Food Institute and asset solutions partner Harry Davis & Company are teaming up to deliver a free webinar on June 19 entitled “Understanding Your Assets: Expert Strategies for Food & Beverage Processors.” They will explore what value food manufacturers may be leaving on the facility floor, the basics of asset management, the various scenarios for valuing your assets, and a suite of strategies to maximize your assets’ value.
10 Mountainview Road
Upper Saddle River, NJ 07458
Food Institute reps are available to answer your questions
BECOME A MEMBER
For close to 90 years, The Food Institute has been the best "single source" for food industry executives, delivering actionable information daily via email updates, weekly through The Food Institute Report and via a comprehensive web research library. Our information gathering method is not just a "keyword search."