Industry News
Consumer Packaged Goods
Top stories summarized by our editors
7/23/2021

An agile response to consumer feedback drove Frito-Lay to double the offerings on its direct-to-consumer site snacks.com, increase its Make Your Own Variety Pack capacity and offer more brands in the variety packs since the site's launch late last year, said Michael Lindsey, chief growth officer of PepsiCo Foods North America. PepsiCo expects e-commerce business to double by 2025, and Lindsey added that the custom variety packs comprise up to 80% of snacks.com's sales.

7/23/2021

Frito-Lay's Cheetos brand is extending a campaign featuring rapper Bad Bunny by offering the public an exclusive chance to purchase items from the "Cheetos x Bad Bunny" fashion collection from Adidas prior to the line's official launch Aug. 6. Fans must prove their Cheetos loyalty by posting a photo of their fingers covered in "Cheetle" dust at the Cheetle iD website to access the collection.

7/23/2021

Unilever has completed preparing part of its tea business for spinoff via either an initial public offering, sale or partnership, said CEO Alan Jope. The deal will not affect Unilever's partnership with PepsiCo.

7/23/2021

Coca-Cola's new Topo Chico hard seltzer line is now available in 17 markets globally -- and will hit 11 more before the end of the year -- but the company is still learning in a category outside its comfort zone, according to Coca-Cola chairman and CEO James Quincey. The line, which is a partnership with Molson Coors Beverage, is making inroads in select markets in Latin America, Europe and the US, but "[w]e want to learn and understand more before we decide anything one direction or the other," said Quincey.

7/23/2021

Small melons from Honduras may be linked to the recent salmonella outbreak that has been reported around the globe, with most cases centered in the UK, Sweden and Belgium. The harvesting season from the producer has wrapped up but the investigation is ongoing.

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7/23/2021

Non-profit group STOP Foodborne Illness will deliver updated guidance on the current "antiquated" food recall protocol to the FDA, one that proposes initiatives like an overhaul of the recall evaluation system and adoption of modern recall software technology. "We believe that the recommendations our working group produced will positively impact public health and save lives," said the group's co-chair Ben Chapman.

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7/23/2021

California-based Nobell Foods, a startup using casein it grows in soybeans to produce plant-based alternative dairy products, announced a $75 million Series B round of funding this week, pushing its total funding past $100 million. "Plants are the cheapest way to make proteins, and if we can change their profile so they're making any protein we want, we can compete with a cow," said Magi Richani, founder and CEO of the company, which expects to begin selling its first products within the next year or two.

7/23/2021

Domino's carryout sales are back to pre-pandemic levels, driving a 3.5% increase in same-store sales in the second quarter. The pizza chain has added Carside Delivery and other in-store features to improve the customer pickup experience, and new menu items such as cheeseburger and chicken taco pizzas have also given sales a boost.

7/23/2021

Flooding and extreme heat could take a toll on EU milk production, which had started to show signs of recovery in May in some countries, said Betty Berning, a market analyst with the Daily Dairy Report. Berning said the flooding in Germany earlier this month could disrupt the dairy supply chain and lead to an output reduction, and that country's output for 2021 through May already trailed 2020 volumes.

7/23/2021

The Consumer Brands Association is advocating the federal government to reverse its "hands-off" approach to rising inflation by taking action to offset supply chain and labor problems, said Geoff Freeman, president and CEO. "It's almost as if Washington, whether it be the White House or Congress, feels that this is an act of God that is beyond their control, when in actuality this is an environment that has largely been created by public policy," said Freeman.

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