Top Stories from Food Processing, March 2-6, 2020

March 6, 2020
In case you missed them the first time around, these are the stories that were trending on Food Processing this week.

This week's top news for the food and beverage industry centered around one very disturbing virus making its way into the United States. Coronavirus, or COVID-19, has been responsible for deaths of not only people, but also tradeshows, conferences, and travel. 

Topping out our news this week was the Natural Products Expo being postponed. At first, concerns over the health and safety of participants prompted many companies to pull out of the popular tradeshow, but later on in the evening, the show's producers announced the the expo would be postponed to a later date. 

In similar coronavirus news, the CEO of Constellation Brands went on the record to dispel myths about Corona beer and its tie-in with the illness, citing that sales of the beverage have taken a hit. Also adding to its coffers because of near pandemic-level health threats are food companies. We reported in Food Stocks Get Bump from Coronavirus, consumers are stocking up their pantries for extended periods at home, which prompted S&P 500’s packaged food index as a whole to rise 4.7%, its biggest gain in more than three years.

Keep up with the latest on the Coronavirus, symptoms, and alerts on the CDC's website. Also helping food processors stay updated on the impacts and potential issues for the outbreak is The Acheson Group, which is offering legal and consulting help for food companies.

Outside of the realm of a global outbreak, other news making headlines focused on the analogue meat stage. Specifically JBS is entering the U.S. plant-based protein fray and Bumble Bee is getting ready to sting with its faux seafood. All of this is transpiring while a price war is dawning analogue for all of the meats.

Last, but certainly not least, two companies rode the highs and lows this week in terms of employment. Mars is sweetening the pot for its employees by being the only food company in Fortune's 100 Best Companies to Work For to make the magazine's annual list in 2020. Not nearly as high, cannabis company Canopy Growth announced it was closing greenhouses and laying off 500 employees

Sponsored Recommendations

Troubleshoot: Grittiness in gluten free cookies

Learn how to adjust gluten free cookie recipes for a softer texture.

Clabber Girl: Rising Success

Uncover how Clabber Girl Corporation achieved a remarkable 7% growth and improved manufacturing efficiency by seamlessly integrating Vicinity's batch manufacturing solution with...

Intelligent Blends: Taking Technology to the Next Level

Find out how our friends at Intelligent Blends use VicinityFood and Microsoft Dynamics GP to produce the best coffee around.

Key ingredient: Mother Murphy's Laboratories

Flavorings manufacturer Mother Murphy’s Laboratories integrates front office with production facility — improving operations from initial order to final invoice.