In advance of the upcoming FMI Show in Chicago, MorningNewsBeat's Kevin Coupe interviews FMI's Tim Hammonds about the future of food retailing and how FMI will position itself to remain a powerful industry voice.
Nestle SA and PepsiCo are among the growing list of companies aiming to capture Hispanic consumer dollars by developing products custom-made for the demographic. Hispanics spend $101 billion, which accounts for 10% of the total U.S. market, annually on food and beverages.
Anders Moberg will replace Cees van der Hoeven as head of the world's third largest food retail and foodservice group. Moberg previously served in senior positions at IKEA and Home Depot. Ahold also announced its plans to sell its Malaysian assets.
IBP, the meat processor Tyson acquired in 2001, officially changed its name yesterday to Tyson Fresh Meats. The move is intended to reflect the acquisition; two IBP plants already produce meat under the Tyson name.
KFC and parent company Yum! Brands unveiled new standards to ensure the humane treatment of its birds. The company asked the government if gassing birds with carbon dioxide would be safe for consumers and slaughterhouse workers. KFC said the changes were not prompted by protests from the People for the Ethical Treatment of Animals.