Unilever and Nestle are reporting improved growth over the third quarter after raising prices, and prices at both firms could continue to increase in the coming year as global inflation rises. "For 2019 and beyond, it seems like the world, including western Europe, will see some inflationary tendencies that will help us," said Nestle CEO Mark Schneider.
The New York City Health Department has launched an effort urging food and beverage producers to reduce the amount of sugar in their products by 2025. "For many years, the food and beverage industry has responded to consumers by diversifying its portfolio to provide low-sugar, no-sugar and lower-calorie products," said GMA in a statement. "Our food and beverage offerings continue to evolve."
Fans of the Coca-Cola-owned soft drink brand Tab are lamenting the fact that they're having difficulty finding it on store shelves. Coca-Cola Bottling Company Consolidated confirmed that it removed 12-pack cans of Tab from its offerings throughout its 14-state territory, instead focusing its portfolio on other low- and no-sugar drinks.
Gary Guittard, CEO and master chocolatier of Guittard Chocolate, developed a 150th anniversary chocolate bar as a tribute to founder Etienne Guittard's West Coast chocolate style. The Eureka Works bar "is made with beans sourced from Brazil, Ecuador, Indonesia and Hawaii, the latter standing in for Samoa, which is suffering a cocoa shortage due to drought," Guittard said.
Benson Hill Biosystems has partnered with Mars to help make cacao trees more productive and resilient in the face of climate change and other challenges. The company is studying the natural genetic diversity of cacao at its Creve Coeur, Mo., greenhouse.
Kraft Heinz now has "the strongest innovation pipeline" in its brief history as a combined company, CEO Bernardo Hees says. To bring its innovations to life, the firm is focused on new products as well as partnerships and in-store activity.
Danone has found success in yogurt categories such as probiotics, kids' yogurt and plant-based yogurt, helping bolster its third quarter sales numbers. Danone's essential dairy and plant-based sales increased 1.4% during the quarter.
Culver's will send care packages containing certificates and gift cards to nearly 500 Wisconsin dairy farmers. The company owes its start to the state's dairy farmers and wants to help them as they face challenging market conditions, according to public relations specialist Alison Wedig.
To create the sustainable future necessary for large-scale food production, General Mills is reinventing farming with a look back at classic methods like regenerative farming. "We consider this form of returning to some of our old practices a form of innovation," said Carla Vernon, president of General Mills' natural and organic operating unit.
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