PepsiCo’s restructuring news made waves among SmartBrief’s food and beverage readers this week, as did the company’s acquisition of Hormel’s CytoSport business, which includes the Muscle Milk line. PepsiCo is launching its restructuring program and boosting its investments in supply chains, technology and advertising to spur growth following the completion of a global business review.
In other popular CPG news, Nestle released 24 new Starbucks-branded products and Tyson is planning to introduce a plant-based meat alternative later this year. On the food retail side, readers were drawn in by news of Walmart’s digital shelf tag testing, as well as Kroger’s search for a creative advertising agency.
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