Chobani's Flip line achieved a 70% growth rate last year due to its strength in the snacking category, and the company aims to boost distribution to new channels in the near future, said Chobani President and Chief Operating Officer Tim Brown. The Almond Coco Loco variety of Flip is now the top SKU in the overall US yogurt market, he added.
The North American market remains a stronghold for Coca-Cola, with big growth projected in tea and coffee, as well as for the brand's sparkling beverages, said incoming Coca-Cola North America President Jim Dinkins. "North America is a big market with big opportunity," he said.
Some 87% of adult consumers are impacted by sustainability-related efforts, according to a new report from The Hartman Group. Although consumers in the past typically equated sustainability with environmentalism, today's shoppers think of the term as encompassing a broader concept that includes health, wellness and personal benefits, writes Laurie Demeritt, CEO of The Hartman Group.
Hormel Foods is streamlining operations by merging its Specialty Foods division into its Grocery Products unit. "Combined, this segment will be a model for how to manage iconic brands such as Spam and Skippy while nurturing the growth of fast-growing franchises like Wholly Guacamole, Justin's and CytoSport," said CEO James Snee.
Aaron Jackson departed an executive-level role with Post Consumer Brands to lead survival food firm Wise Company, and he has seen retail sales more than double in four years following key retail distribution partnerships with chains including Walmart and Target. Wise has also expanded into camping foods, snacks and protein drinks to broaden its base.
Danone's investment arm, Danone Manifesto Ventures, has made a minority investment in Hawaiian bottled water brand Kona Deep. With the funding, Kona Deep aims to boost distribution across the US for its line of desalinated deep ocean water.
Volume beer sales in the US are stagnant at negative 0.7 for the year, according to new data from research firm IRI. However, volume sales of craft beer rose by 3.8%, and dollar sales of craft-style golden ales are up 42% so far this year, IRI data indicates.
Republic National Distributing Co. and Breakthru Beverage Group will merge their assets and operations to form a new $12 billion firm. After the deal closes next year, the company will control US distribution for over 20 major wine, beer and spirits companies including Diageo, Heineken and Gallo.
The Craft Beverage Modernization and Tax Reform Act has been included in the Senate Republicans' version of the proposed Tax Cuts and Jobs Act. The bill, which is being considered as part of larger overhaul of the country's tax system, would reduce federal excise taxes on brewers and importers of beer.
US Rep. Keith Ellison, D-Minn., is sponsoring a bill to provide up to $100 million in funding to support zero waste initiatives in communities throughout the country. Ellison says that the Zero Waste Development and Expansion Act of 2017, which was discussed during a Nov. 8 hearing, would spur economic growth by providing grants to communities to build their recycling infrastructure.
- Page 1