Nestle Waters has launched a brand refresh including new labels and a proprietary bottle design to roll out its sparkling water line, which features unique flavors that the company created based on consumer insights. "We referenced extensive market data on emerging flavors across various food categories and analyzed consumer behaviors and attitudes to inform our flavor strategy," said Nestle Waters' Susan Chirico.
Nestle USA has named Steve Presley its new CEO effective April 1, succeeding Paul Grimwood in the role. "Steve's experience will prove invaluable in continuing to pursue new internal and external models to increase the speed of innovation, capitalize on M&A to seed our innovation machine, and create new income streams and capabilities," said Nestle's Laurent Freixe.
Coca-Cola is working to adjust its offerings to meet consumer demand, whether that means acquiring on-trend labels or reworking its beverage ingredients, said Chief Financial Officer Kathy Waller. "If it's got sugar, we're probably reformulating it," she said.
About 92% of US households purchased cereal at least once last year, driving overall sales in the category to $7.7 billion in 2017, according to data from Statistic Brain. "It is still one of the most affordable breakfast options on a per-serving basis for consumers, and it does provide a variety for kids and adults," said James Hyland of Roundy's Supermarkets.
Conagra Brands aims to expand its frozen-food offerings with multiple new products, including a Healthy Choice Power Bowls line for breakfast in flavors such as Unwrapped Burrito Scramble. The firm is also rolling out meatless varieties of Power Bowls, new handheld frozen products such as Banquet Sliders, and additional items in the Marie Callender's and P.F. Chang's lines.
A 16-year study following 500,000-plus people in Europe found "a reduced risk of death from any cause," said study leader Marc Gunter, and a lower rate of certain illnesses in those who consumed two to three cups of coffee a day. The findings held true whether participants consumed caffeinated or decaffeinated brews, prompting researchers to plan new analyses to evaluate what makes coffee beneficial.
Molson Coors saw global sales rise to more than $11 billion last year, representing a 0.2% increase for the year. The company is crediting revenue management and a conscious move toward premium brands for an increase of 2.6% in worldwide volume revenues.
Champagne producers shipped 307.3 million bottles last year, representing a 0.4% rise compared to 2016. The number was slightly lower than previous projections due to slow sales in December and lower-than-expected demand in France.
Owens-Illinois has achieved a major milestone in sustainability, becoming the first packaging company for food and beverage to gain gold certification in material health on the Cradle to Cradle Product Scorecard. "Achieving a gold rating in material health strongly reinforces the benefits of glass," said Vice President of Global Sustainability Jim Nordmeyer.
Waste Management CEO Jim Fish suggested that the firm could bring a 100% robotic sort line into production within the next several years. The company saw a 6.4% increase in year-over-year revenues for 2017 but expects the recycling market to be largely unpredictable and less tolerant of contamination following tighter restrictions by China.
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