As shipping costs in the US climb due to a shortage of available trucks, some companies such as dairy producer Dean Foods are adjusting earnings projections, while Kraft Heinz, Coca-Cola and others are raising prices. Third-party hauling rates have risen 26% from a year ago, a new record high, Dean Foods CEO Ralph Scozzafava told investors this week.
Functional beverage firm New Age says it has achieved around 10% of a massive distribution expansion plan. Brent Willis, CEO of the Denver-based company, says it added more than 100,000 locations during the second quarter and plans to focus on its four core brands for growth, particularly as pre- and post-surgery aids in about 50 of the largest hospital systems in the US.
Mars Wrigley Confectionery will unveil glow-in-the-dark M&M's packs and Dove Promises Pumpkins in three varieties as part of this year's Halloween lineup. The company will also launch Skittles Sweet Heat fun-size packs.
Global cereal bar sales are expected to reach $15.3 million by 2023, according to Research and Markets. Frequent snacking and a move toward on-the-go eating are expected to help cereal bar sales grow at a 3.9% rate, compounded annually.
White House press secretary Sarah Sanders says the White House will "continue to try to diversify" its staff, although President Donald Trump has not appointed any blacks to one of his 48 senior assistant or deputy assistant roles. Omarosa Manigault Newman was the only black person to serve in a senior position in Trump's White House.
The wine grape harvest in Northern California has begun, with vintners expressing optimism that smoke from wildfires won't lead to tainted flavors. Crop size is expected to be normal for chardonnay and slightly larger than normal for pinot noir.
Jackson Family Wines has been named one of the best places to work in California's North Bay in a survey from North Bay Business Journal. The Journal used employee ratings to choose 97 local companies for its Best Places to Work awards.
US canned wine sales have increased by 43% year-over-year, while boxed wine sales are up 7%, per BW 166 LLC, a beverage alcohol market research firm. Popular canned wine companies include Tinto Amorio, whose product will soon be sold at more than 300 Albertsons-affiliated locations.
French politician Marie-France Lorho has asked the nation's Parliament to move forward with efforts to legally define natural wine. "Defining natural wine will make the concept less vague to consumers; and we should act before mass consumption and commercial interests take over," Lorho said.