Industry News
Consumer Packaged Goods
Top stories summarized by our editors
7/30/2021

Procter & Gamble will appoint Jon Moeller, its current chief operating officer, as CEO in November when current CEO David Taylor becomes executive board chair. P&G's second-quarter net sales rose 7%, exceeding analyst projections, with organic sales for its health care and grooming units up 14% and 6%, respectively, and organic revenue for its beauty division increasing 6%.

7/30/2021

Hershey and Mondelez have partnered to debut Chewy Chips Ahoy! Hershey's Fudge Filled cookies for a limited time. The variety is available at Walmart, Target and other retail stores.

Full Story:
Drug Store News
More Summaries:
Walmart, Target
7/30/2021

Richard's Rainwater is ushering 12-packs of its 12-ounce sparkling variety into Whole Foods stores nationwide, as it aims to grow its multi-pack business to roughly 2,000 retail locations by the end of the year. "When we look at the data for our 12-ounce glass [bottle] sparkling water product, it's clearly the case format that consumers prefer," said CEO Taylor O'Neill.

More Summaries:
Richard, Whole Foods
7/30/2021

Keurig Dr Pepper has raised its full-year guidance for a second time this year to 6% to 7% after second-quarter net sales increased 9.6%. Carbonated soft drink brands 7UP, Dr Pepper, Sunkist, A&W, Squirt and Canada Dry led a 7.6% sales increase for the packaged beverage category while a revival in away-from-home sales drove a 21.4% net sales increase in Keurig Dr Pepper's beverage concentrate business.

More Summaries:
Sunkist
7/30/2021

Mondelez will emerge as the world's third-largest packaged cake company after it closes its $850 million acquisition of European cakes and croissants business Chipita, said CEO Dirk Van de Put. Mondelez is attracted to the $65 billion category, as it's "growing at or above the rate of our core snacks categories," added Van de Put.

More Summaries:
Van de Put
7/30/2021

Sales grew 33.5% for L'Oreal's first half of 2021 compared with 2019, surpassing analyst expectations and marking a return to pre-pandemic sales growth. Sales for the cosmetics and personal care company's consumer products unit grew 14% compared to the same period in 2020, and the active cosmetics and professional products divisions experienced record growth, according to CEO Nicolas Hieronimus.

More Summaries:
Nicolas Hieronimus
7/30/2021

An Oldways Whole Grains Council survey finds 95% of US adults report their daily whole grains intake has either grown or remains unchanged compared to five years ago, with health followed by taste as deciding factors in the purchase. "Interestingly, while we often assume that low-carb dieters have lower whole grain consumption, those who say they avoid carbs are more likely to also tell us they look for whole grains when shopping," stated the report.

7/30/2021

Henkel has joined Out Leadership, which is said to serve as the largest business-led organization in the world striving to improve LGBTQ+ equality. "At Henkel, we are always striving to build a more inclusive environment where everyone feels like they belong and are empowered to come to work each day as their true selves," said Frank Steinert, head of human resources at Henkel North America.

7/30/2021

Technology has helped grocery stores and restaurants bolster food safety protocols by integrating wireless systems with temperature checks and data tracking for food temperature monitoring, writes Derek Stangle. Digital technology also allows employees to track their food safety initiatives and send out reminders of tasks that need to be completed.

Full Story:
Food Safety Tech
7/30/2021

Oxford University researchers have determined that chicken is the leading source of most campylobacter jejuni and campylobacter coli outbreaks, with sheep being identified as the second root of infections. "We will use these findings to better understand the causes of campylobacter infection, and to inform further work on foodborne transmission," said Food Standards Agency head of research Rick Mumford.

Full Story:
Food Safety News