Business Strategies

Highlights

Animal Proteins

Smithfield Foods Ends Hog Farm Contracts in Utah in Response to Pork Oversupply

Dec. 6, 2023
The move will also result in the layoff of nearly 70 Smithfield employees in the Utah hog production operation.
Animal Proteins

Hormel to End Turkey Harvest at Barron, Wisconsin, Plant in Favor of Value-Added Processing

Dec. 4, 2023
Jennie-O Turkey Store plant will end turkey slaughter operations in Q2 of 2024 in an effort to right-size the company’s turkey supply chain.
Regulatory Compliance

USDA, FDA, EPA Propose National Food Waste Reduction Strategy

Dec. 4, 2023
Public comment on the draft strategy opens Dec. 5 for 30 days; proposed framework aims to help reach goal to reduce food loss and waste in U.S. by 50% by 2030.
Animal Proteins

Cooks Venture Shuts Down Poultry Operations, Lays Off More Than 500 Workers

Dec. 1, 2023
The Decatur, Ark.-based producer and processor of slow-growth chicken said it could not secure financing to continue operations beyond Nov. 30.
theimpulsivebuy
"Limited Edition Post Xtreme Cocoa Pebbles Closeup"
Business Strategies

Post Holdings to Close Lancaster, Ohio, Cereal Processing Plant

Dec. 1, 2023
Company expects to shutter facility by the end of September 2024 and will move production elsewhere in its network.
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Business Strategies

How AI Could Transform the Food and Beverage Industry

Nov. 29, 2023
Artificial intelligence ‘may be the most fundamental enabler of change in the food industry.’
kraft mac and cheese prepared
People on the Move

Kraft Heinz Shuffles Executive Team to Support New CEO in 2024

Nov. 17, 2023
The five new executives will join new CEO Carlos Abrams-Rivera in leading Kraft Heinz at the start of the 2024 fiscal year.
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Business Strategies

GAO: USDA's Sugar Program Costs Consumers $2.5-3.5 Billion a Year

Nov. 1, 2023
U.S. Government Accountability Office (GAO) review finds consumers and food manufacturers in 2022 paid twice the world price for sugar.
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Business Strategies

Unilever Will Freeze CEO Salary to Try to Appease Frustrated Shareholders

Oct. 31, 2023
Hein Schumacher took over CEO post in July and has had to juggle investor unease regarding social purpose strategies versus performance, as well as company’s involvement in Russia...
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Beverage Products

Keurig Dr Pepper Enters Sports Hydration, Partnering with Mexico’s Electrolit

Oct. 27, 2023
KDP will sell, distribute and merchandise the Electrolit brand in the U.S., where it already generates more than $400 million in sales.
Courtesy of Process Expo
process expo rebranding to eats press conference
Business Strategies

Process Expo Rebrands, Will Be Called EATS Starting with 2025 Edition

Oct. 25, 2023
New identity and strategy of Equipment And Technology Show for Food & Beverage (EATS) will target eight industry segments while reinforcing popular elements of past Process Expo...