Food Manufacturing
Top editor picks, summarized for you
8/3/2015

Pinnacle Foods is introducing products featuring plant-based nutrition, smaller portions and flavor trends such as wasabi and buffalo to appeal to millennials and smaller households. "Our model targets sales growth to be in line with our categories, but we continue to over-deliver on that front through solid retail execution and on-trend innovation," said CEO Bob Gamgort. Birds Eye, the company's largest brand, posted a 9% increase in net sales during the second quarter.

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Pinnacle Foods
8/3/2015

PepsiCo's shift from a strategy focused on brand refreshes to one focused on product reformulation is "paying off in buckets," according to global R&D head Mehmood Khan. Since 2011, the company's innovation spending has increased 25%, resulting in new products such as Quaker Oats varieties made with savory ingredients such as lentils and spices for Indian consumers in Europe and Canada.

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PepsiCo
8/3/2015

Contrary to popular belief, not all millennials avoid traditional values and spend all their time on mobile devices, and some may be loyal to brands, according to a report from IRI Worldwide. Millennials may also respond to traditional marketing tactics, and not all members of the category are self-absorbed, the report said. "Marketers have a tremendous opportunity to capture growth by directly connecting with this increasingly important segment of the population,” said IRI President of Consumer and Shopper Marketing Robert Tomei.

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IRI Worldwide, IRI
8/3/2015

Delaware's recent passage of a bill that could encourage shareholder lawsuits has Dole Food Co. and others questioning whether the state is as accommodating to corporations as it once was. Delaware is the legal home to 54% of public companies, according to the most recent annual report filings. Dole has proposed legislation that would put firmer controls over shareholders' ability to sue.

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Dole Food Co.
8/3/2015

Honeydew melon and mocktails such as the Virgin Mojito, which blend exotic flavors and natural ingredients, are some of the top beverage trends of the summer, according to flavor manufacturer Treatt.

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Treatt
8/3/2015

Honeydew melon and mocktails such as the Virgin Mojito, which blend exotic flavors and natural ingredients, are some of the top beverage trends of the summer, according to flavor manufacturer Treatt.

8/3/2015

Nestle India is looking to grow its dairy, coffee and confectionery businesses. The company is also fighting to bring back Maggi noodles, which were pulled after safety issues.

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Reuters
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Nestle India
8/3/2015

Nestle is the world's largest dairy company, with $27.8 billion in dairy turnover, and Lactalis has moved from third largest to second largest, surpassing Danone partly thanks to acquisition deals in India, Brazil, Australia, Turkey and Europe, according to a report released by Rabobank.

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Danone, Nestle, Rabobank, Lactalis
8/3/2015

The growing global population will need up to 3 trillion more liters of milk annually by 2050, and dairy operations must be safe and sustainable to meet that demand, according to Bronius Markauskas, chairman of the organizing committee for the upcoming International Dairy Federation World Dairy Summit. "Clearly this is an enormous challenge," Markauskas said.

8/3/2015

Consumers like nutritional snack bars because they are a healthy and convenient meal alternative, according to Packaged Facts. A profile of nutritional bar consumers showed that 42% enjoy taking risks, they have a higher likelihood of engaging in outdoor activities and they tend to prefer savory flavors.

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CSP

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