Starbucks has teamed with Closed Loop Partners in a challenge to inventors to develop a more sustainable coffee cup. The chain's customers account for about 1% of the 600 billion paper and plastic cups used annually around the world, and the $10 million NextGen Cup Challenge will seek a fully compostable cup over the next three years.
General Mills may raise prices to offset rising transportation and food costs, said CEO Jeff Harmening. In addition, Harmening expressed interest in divesting the company's weaker brands and acquiring new businesses that have stronger potential for growth.
Cargill has begun producing a zero-calorie sweetener made from Reb M and Reb D stevia leaf compounds. EverSweet will help Cargill meet the demand for "a low-calorie, high-intensity sweetener option," said Andrew Ohmes, Cargill's global stevia business leader.
Theo Spierings will step down from his position as CEO of New Zealand dairy cooperative Fonterra at some point in 2018. "Theo and the board have now agreed that Theo will leave us later on this year, and the board is currently in the process of shortlisting a replacement for Theo," said board chair John Wilson.
Sales of salty snacks rose 7.24% during 2017 over the previous year, according to data from IRI. Hot and spicy, Mexican and vinegar are three of the hottest flavors in the category, while Asian and peanut butter flavors are on the downswing based on sales data, said IRI's Sally Lyons Wyatt.
Gatorade has partnered with researchers at Northwestern University to develop a skin patch that helps people understand when they need to hydrate. The stick-on patch, which can be worn in water and is smartphone-enabled, could hit retail shelves within the year.
Several factors are creating a positive outlook for glass packaging this year, writes GPI President Lynn Bragg. The fact that consumers rank glass No. 1 in terms of flavor, as well as its sustainability, positions glass as an ideal packaging option for foods and beverages, she writes.
Fresh innovations in the beer category such as flavored brews could open up new occasions for imbibing, said AB InBev CEO Carlos Brito. In addition, the company's craft and international brands can create opportunities for pairing with cuisine, he said.
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