Amazon Still Grasping for Success with Supermarkets, CEO says

Amazon.com Inc, the online retailer long feared to disrupt the grocery sector, believes it has fallen short.

The company has paused expansion of its Fresh supermarkets and cashier-less convenience stores until it finds the right recipe for success, Chief Executive Andy Jassy said on Thursday, in a rare appearance on the company's quarterly results call.

What the company needs is a distinctive store format that's doing well financially before embarking on a major expansion, a formula Amazon hopes to find this year, he said...

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Wed. Jan 25, 2023

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NRF Economist Says U.S. Recession Unlikely and Expects Slight Growth in 2023

A recession is unlikely and the economy is expected to see slight growth in 2023 as consumers continue to cope with inflation and high interest rates, National Retail Federation Chief Economist Jack Kleinhenz said today.

“A month into 2023, the economy is facing stiff headwinds and – with the exception of easing inflation – will likely face more challenges before it gets better,” Kleinhenz said. “The debate on whether we are in a recession will heighten over the next few months, just like last year...

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Feb 3 9:53 AM, General News



Olymel Continues to Consolidate Activites, Announces Closure of Its Blainville and Laval Plants

Olymel’s management is announcing the closure of two of its facilities for the further processing of pork: its Blainville and Laval plants. This decision, which is part of a reorganization undertaken in 2021 and is aimed at optimizing operations, will unfortunately result in the loss of 170 jobs in total. The United Food and Commercial Workers union (UFCW 1991P) representing the workers at the Blainville plant, as well as all employees at both facilities, were informed of this decision earlier today and given 12 weeks’ notice of...

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Feb 3 7:18 AM, General News


KFC Takes New Kentucky Fried Chicken Wraps Nationwide

Kentucky Fried Chicken® announced a new menu item that will have wrap lovers on cloud nine. Starting Feb. 6, Kentucky Fried Chicken Wraps will be available at participating restaurants nationwide for a limited time. To celebrate their release, those looking for a meal on the go or a deal can enjoy two KFC Wraps for just $5!

After a successful test in Atlanta in 2022, the new KFC Wraps will finally be available to everyone. KFC is a brand known for listening to its fans, and they made it loud...

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Feb 3 7:27 AM, General News


BJ’s Wholesale Club Announces Change to Board of Directors

BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) (“BJ’s” or the “Company”) today announced that Judy Werthauser has resigned from its Board of Directors (“Board”) to pursue a new opportunity.

Ms. Werthauser has served on the Company’s Board since November 2018 and was most recently Chair of the Compensation Committee as well as a member of the Nominating and Corporate Governance Committee. As part of Ms. Werthauser’s departure, the Board intends for Chris Peterson to join the Compensation Committee and Ken Parent to be appointed as Chair of the Compensation Committee...

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Feb 3 9:29 AM, General News


U.S. Department of Agriculture Announces Key Staff Appointments

The U.S. Department of Agriculture today announced the names of individuals who will hold senior staff positions in Washington, D.C.

Regina Black has been promoted to Senior Advisor for Trade and National Security in the Office of the Secretary

Black has served as Chief of Staff for Trade and Foreign Agricultural Affairs since August 2021. Before joining the Department, she was the Director of the Executive Office at the U.S. Dairy Export Council. Black previously served in the Obama Administration at USDA in various...

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Feb 3 9:18 AM, General News


ANALYSIS: Frozen Chicken Inventories Stacking up: A Product of The Times

Considering 2022’s cumulative chicken headcount which topped the charts at 9.5 billion head, there is little question behind last year’s successive advances in year-over-year (YoY) inventory levels...

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Feb 3 7:30 AM, Urner Barry


Chicken Wing Consumption to Break Records on Super Bowl Sunday Thanks to Favorable Prices

Americans are expected to eat a record-smashing 1.45 billion chicken wings during Super Bowl LVII weekend, according to the National Chicken Council (NCC)’s annual Chicken Wing Report.

The 1.45 billion mark represents a two percent jump from last year or 84 million additional wings.

NCC spokesperson Tom Super cited more favorable wing prices when compared to last year and people getting back to normal routines and heading to parties or restaurants and bars for the jump in wing consumption...

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Feb 2 8:09 AM, General News


Online Grocery Sales Forecast for Further Growth Following Pandemic Boom

A forecast expects more consumers to shop for groceries online over the next five years, with the segment keeping momentum after it witnessed a boom during the COVID-19 pandemic.

Online grocery sales are forecast to grow at compound average growth rate (CAGR) of 11.7% over the next five years, per the 2023 Brick Meets Click/Mercatus 5-Year Grocery Sales Forecast.

Inflation, illness concerns including COVID, RSV and the flu along with a “maturing online segment” were noted as factors behind the growing popularity of online grocery shopping...

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Feb 2 8:04 AM, General News


Moving Beyond Snacking, Tostitos to Debut First Pop-Up Restaurant During Super Bowl Weekend

Tost by Tostitos, a limited-time casual dining restaurant that puts Tostitos chips and dips at the center of its recipes, is offering a front-row seat to how the fan-favorite snack can transform into a mealtime MVP from February 9-11 in Phoenix, Arizona. Snackers across the U.S. will also be able to elevate their get-togethers with a lineup of DIY recipes and a giveaway to make one fan's celebration the ultimate game day gathering.

"Tostitos believes that with good food and good...

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Feb 2 8:02 AM, General News


ANALYSIS: Turkey Market Influencers: Looking Beyond HPAI

While the direct impact of HPAI on the turkey industry cannot be overstated, several other distinct and highly impactful influences are currently in play...

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Feb 2 8:00 AM, Urner Barry


Kroger Delivery Expands to South Florida

The Kroger Co. (NYSE: KR), America's grocer, today announced the opening of a new spoke facility in South Florida. Joined by the local community, Kroger celebrated the expansion of the delivery service and welcomed 90 new associates. This facility opening means customers can access Kroger's incredible selection of fresh items, unique Our Brands products and favorite national brands, as well as individualized offers for the groceries most important to their families – all delivered directly to their door by a friendly, professional Kroger associate.

"We are thrilled to connect more Floridians to the Kroger Delivery...

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Feb 2 7:54 AM, General News


National Turkey Federation Renews Turkey Smoke Series in Partnership with the K.C. Barbeque Society

The National Turkey Federation (NTF) is pleased to renew its partnership with the Kansas City Barbeque Society (KCBS), kicking off the fourth year of the Turkey Smoke Series, which encourages both professional and amateur pitmasters to showcase the versatility and creativity of turkey on the smoker or grill. The Turkey Smoke Series features a turkey category in select barbeque competitions across the United States during the 2023 season. Pitmasters and contest organizers love that the Turkey Smoke...

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Feb 2 7:37 AM, General News


US Foods Adds Tech Firms to CHECK Business Tools Program to Help Operators Address Labor Shortages

US Foods Holding Corp. (NYSE: USFD), one of America’s largest foodservice distributors, today announced the addition of two transformative technology offerings to its CHECK® Business Tools program: Bear Robotics and 7shifts. US Foods CHECK Business Tools program provides foodservice operators with a growing suite of technology solutions designed to help drive traffic, simplify staffing and reduce waste. Bear Robotics and 7shifts were ultimately selected to join the US Foods CHECK Business Tools line-up after participating in the company’s Innovative...

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Feb 2 7:06 AM, General News


Dine Brands International Continues Expansion with Dual-Brand Locations in the Middle East

Dine Brands International, an affiliate of Dine Brands Global, Inc., the parent company of Applebee’s Neighborhood Grill + Bar®, IHOP®, and Fuzzy’s Taco Shop® restaurants, announces today the opening of its dual-brand Applebee’s and IHOP location in the United Arab Emirates and plans to open a minimum of 4 additional locations in the Middle East in partnership with established franchisees Eagles Landing International Restaurants and Kout Food Group.

Eagles Landing International Restaurants opened its first dual-brand...

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Feb 1 12:52 PM, General News


Eat Like a Champion with Applebee’s on Game Day

Calling all football and wings fans - for one day only, Applebee’s Neighborhood Grill + Bar is offering free Boneless Wings with any purchase over $40 when ordered on Applebees.com or the Applebee’s mobile app. Get something the whole team will love by ordering for pick up or delivery.

To celebrate this victory of a deal, on Sunday, Feb. 12, guests must order online by going to Applebees.com or the Applebee’s mobile app to place a To Go or Delivery order. Use the promo code BIGGAME23 at checkout...

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Feb 1 10:30 AM, General News


Free Wings from Frank's RedHot Before & During the Big Game

Frank's RedHot®, the #1 hot sauce in the world*, and local commerce platform DoorDash have teamed up to help fans get ready for the Big Game with free** wings from TGI Friday's nationwide. Because there's no need to wait for kickoff to enjoy the famous flavor of Frank's RedHot, fans can receive a free 12-count order of traditional or boneless wings on orders of $15+ from TGI Friday's on DoorDash. The promotion runs from Thursday, February 9 to Sunday, February 12, while supplies last...

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Feb 1 10:28 AM, General News


The NPD Group: Restaurant Industry Witnesses Stability Following Myriad of Headwinds

A pandemic, labor shortages and record inflation are just a few of the challenges that the foodservice industry has faced since early 2020.

The industry persevered and The NPD Group believes calmer seas may be ahead. Findings from The NPD Group show that U.S. commercial foodservice customer traffic to restaurants and other foodservice outlets ended 2022 flat compared to a year ago. Consumer spending at foodservice outlets was up 4%, thanks to higher prices.

“Looking forward to 2023, we anticipate improvements in supply chain disruptions, inflation deceleration...

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Feb 1 9:25 AM, SeafoodNews


Conagra Brands Recalls 2.5 Million Pounds of Canned Meat, Poultry Products Due to Packaging Defect

Conagra Brands has recalled over 2.5 million pounds of canned meat and poultry products due to a packaging defect that may cause products to become contaminated without showing any signs, per a January 31 announcement from the USDA’s Food Safety and Inspection Service (FSIS).

The impacted products were produced between December 12, 2022 and January 13, 2023. The products subject to recall bear establishment number “P4247” on the product cans. These items were shipped to retail locations nationwide...

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Feb 1 8:30 AM, General News


The Retail Rundown: Comparing Urner Barry's Protein Indices

Seafood features climbed to the top spot across proteins this week with 30% of feature volume. Pork follows with 24%, while beef chimes in with 22%—down from 27% the week prior. Chicken accounts for 19.5% of ad space, while turkey holds onto just over 2%. Buying opportunities for eggs have dwindled in recent weeks and are currently registering zero. 

A look at Urner Barry's Weekly Retail Feature Indices so far this year shows that seafood features are priced the highest overall, while chicken features as a whole are the lowest. Seafood and chicken are above their respective year-ago levels, while pork and beef are showing a discount to 2022 levels...

 

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Feb 1 8:00 AM, UB Newswires


New ALDI Distribution Center to Provide Access to Fresh, Affordable Groceries to 8 Million Customers

Today, ALDI unveiled its completed regional headquarters and distribution center in Loxley, Alabama, which will ultimately serve as many as 100 stores across the Gulf Coast. As one of America's fastest growing grocers, ALDI is committed to bringing fresh, award-winning groceries and products at an affordable price to consumers from coast to coast, and the Loxley distribution center will support this commitment.

"At a time when inflation is putting pressure on American wallets, we believe our mission to save people money on the food...

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Feb 1 7:25 AM, General News


Sysco Reports Second Quarter Results

Sysco Corporation (NYSE: SYY) (“Sysco” or the “company”) today announced financial results for its 13-week second fiscal quarter ended December 31, 2022.

Key financial results for the second quarter of fiscal year 2023 include:

- Sales increased 13.9% versus the same period in fiscal year 2022;
- U.S. Foodservice volume increased 5.2% versus the same period in fiscal year 2022;
- Gross profit increased 15.9% to $3.3 billion, as compared to the same period last year;
- Operating income increased 44.0% to $640.6 million, and adjusted1 operating income increased to...

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Feb 1 7:06 AM, General News


Gelson's Promotes John Bagan to President & CEO Following Retirement of Leader Rob McDougall

Gelson's has promoted John Bagan to President & CEO following the departure of Rob McDougall, who has retired from Gelson's after 15 years with the Southern California-based brand. The new leadership position marks Bagan's third promotion in two years, most recently moving from COO into the role of president in July 2022.

As President & CEO, Bagan will assume greater responsibility for the company's overall vision, business and growth strategy, as well as managing relationships with the Board of Directors and parent company Pan Pacific International Holdings (PPIH)...

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Jan 31 11:20 AM, General News


TiNDLE Debuts Into Retail - Expanding Into New Channels, Including 6,000 Grocery Stores, Meal Kits

Next Gen Foods – the makers of TiNDLE – announce today the official debut of its line of six new retail products, marking the first time that consumers in Germany and the United States can trial the popular plant-based chicken for convenient, at-home cooking. In Germany, the EDEKA Group's EDEKA and Netto stores will be the first to bring TiNDLE to market, launching in over 6,000 locations this week, making it one of the largest retail debuts of a plant-based meat brand. In the US...

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Jan 31 10:29 AM, General News


Tyson Foods Announces New Team Member Benefits

Tyson Foods announced today new changes and investments aimed at further intensifying U.S. team members relationships and enhancing workplace culture. Specifically, we are making changes to U.S. based policies and practices related to healthcare and overall wellness.

The company’s new policies and investments are in addition to recent compensation benefits. Tyson recently announced it invested more than $50 million in thank you bonuses and $100 million in wage increases for U.S. hourly workers over the past year.

Tyson Foods has invested more...

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Jan 31 10:18 AM, General News


Steve Tippmann Retires After 36 Years with Tippmann Group; John Tippmann III to Fill Role

Steve Tippmann, Executive Vice President at Tippmann Group / Interstate Warehousing has retired after nearly 36 years in the refrigerated warehousing and construction industries.

Tippmann’s career started in refrigeration engineering, but his more recent role had him focused on customer relationships and overseeing the sales and marketing goals of Tippmann Construction and Interstate Warehousing.

Throughout his career, Tippmann has also spent time as a leader on multiple boards for industry associations including the Global Cold Chain Alliance, American Meat Institute, and Refrigerating Engineers & Technicians Association...

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Jan 31 9:40 AM, General News


Ovation Foods New Chicken Strips: Whole Food Snacks for Whole Body Health

Today, OVATION FOODS introduces CHICKEN STRIPS, to its revolutionary new line of nutrient-dense meat snacks containing one whole egg – a unique whole food breakthrough that is certain to reinvent the healthy snack food category.

Unlike any other meat snacks or portable snacks on the market, Ovation Foods® uniquely delivers dense-nutrition via the inclusion of one whole egg in each 1.6oz serving. Delicious and hearty CHICKEN STRIPS provide 22g of Protein, 0g Sugar, and 175mg of Choline, plus over 35 naturally occurring nutrients supporting whole body...

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Jan 31 9:37 AM, General News


NRF Statement on Senate Introduction of Critical ORC Legislation

The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French after the Combating Organized Retail Crime Act of 2023 and the Organized Retail Crime Center Authorization Act were introduced in the U.S. Senate. The bills will create new tools to assist in federal investigation and prosecution of ORC and help recover lost goods and proceeds.

“Retailers face security-related challenges on many fronts, and ORC continues to be a formidable threat in communities across the country...

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Jan 31 9:36 AM, General News


Wild Cajun Meals Recalls Jambalaya and Gumbo Products Produced without Benefit of Inspection

Wild Cajun Meals LLC, a Garland, Texas establishment, is recalling approximately 18,418 pounds of frozen, fully cooked jambalaya and gumbo products that were produced without the benefit of federal inspection, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The frozen, fully cooked jambalaya and gumbo items were produced beginning in September 2021 and have various sell by dates. The following products are subject to recall:

- 32-oz. Plastic containers of “Lady Jambalaya Homemade...

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Jan 31 8:16 AM, General News


Highly Pathogenic Avian Influenza Case Confirmed in a Commercial Turkey Flock in Iowa

The Iowa Department of Agriculture and Land Stewardship and the United States Department of Agriculture (USDA) Animal and Plant Health Inspection Service (APHIS) have confirmed a positive case of highly pathogenic avian influenza (HPAI) in Buena Vista County, Iowa.

The affected site is a commercial turkey flock.

Commercial and backyard flock owners should prevent contact between their birds and wild birds. Sick birds or unusual deaths among birds should be immediately reported to state or federal officials...

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Jan 31 7:48 AM, General News


Publix Charlotte Division Vice President to Retire; New Vice President Announced

After more than 47 years of dedicated service, Publix Super Markets Charlotte Division Vice President Chuck Roskovich has announced his decision to retire March 31.

Roskovich, 61, began his Publix career in 1975 as a part-time front service clerk in Lauderhill, Florida. He transferred to the meat department in 1977 and was promoted to meat manager in 1984. In 1992, as meat manager, he had the privilege of being part of the management team that opened the company’s first store in the Atlanta Division...

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Jan 31 7:21 AM, General News


Church’s Texas Chicken, Texas Chicken Reflect on a Successful 2022; Look Toward Growth in 2023

Cajun Operating Company, the operator of the Church’s Texas Chicken® and its sister brand, Texas Chicken™, ended 2022 on a high note with several exciting expansion deals and milestone celebrations, looking to continue on its path of success in 2023.

“After looking back on 2022 and the numerous accomplishments we’ve made, our team is focused on the future of our brand,” said Tim Waddell, Executive Vice President of International Business. “We are striving towards...

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Jan 31 7:15 AM, General News


Dollar General Announces 19,000th Store Opening

Dollar General (NYSE: DG) commemorated the grand opening of its 19,000th store in Joplin, Missouri today with a community celebration and $19,000 donation to a local elementary school. Customers also received complimentary DG gift cards, tote bags and product samples.

“Today marks an exciting milestone in Dollar General’s history as we open our 19,000th store,” said Jeff Owen, Dollar General’s chief executive officer. “Since opening our first Missouri store in 1973, Dollar General has a longstanding history in the state and proudly employs more than 6,000 Missourians through our store, distribution center and...

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Jan 30 11:11 AM, General News


Amazon Raises Fees For Free Delivery Of Groceries Online

Amazon Prime members who order groceries online through Amazon Fresh will soon pay a lot more to get free delivery.

Starting Feb. 28, online Amazon Fresh grocery orders of less than $150 will incur delivery fees, Amazon.com Inc. said in an email to Prime members.

Delivery charges will be $9.95 for orders under $50, $6.95 for orders between $50 and $100, and $3.95 for orders between $100 and $150, Amazon said.

Currently, Prime members outside of New York City who spend...

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Jan 30 8:43 AM, Urner Barry


2023 Poultry Global Outlook, Consumer Trends Highlighted at IPPE Poultry Market Intelligence Forum

“There have been many changes in the last couple of years in the poultry industry, like avian influenza and the war in Ukraine, which has had great impact,” said Nan-Dirk Mulder, senior global specialist animal protein with Rabobank, during his “Global Poultry Market Outlook 2023” presentation. He spoke at the Poultry Market Intelligence Forum, sponsored by USPOULTRY, and held at the 2023 International Production & Processing Expo (IPPE).

Mulder noted that for the general market outlook for 2023, the focus will shift to the operational side...

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Jan 27 10:19 AM, General News


New Meijer Grocery Stores Open Doors to Fresh, Convenient Retail Experience in Michigan

Meijer opened its first two Meijer Grocery stores in Lake Orion and Macomb Township today, offering Metro Detroit customers a new way to shop the Michigan retailer known for pioneering the one-stop shopping concept.

"As a company, we've opened more than 500 supercenters, neighborhood markets and Meijer Express locations, and that feeling of excitement and anticipation as you welcome customers in for the first time never gets old," Executive Chairman Hank Meijer said. "But opening the doors of these stores feels particularly special because of...

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Jan 27 10:08 AM, General News


Tyson Foods Names Wes Morris Group President of Poultry

Wes Morris has been named president of Tyson Foods’ (NYSE: TSN) poultry business, effective January 27, the company announced today.

Morris has over 35 years of experience working in poultry and consumer sales. Morris first joined Tyson Foods in 1999 and held several leadership positions, including group vice president of consumer products, last serving as President, Prepared Foods Operations, for four years before retiring in 2017.

“Wes is a recognized leader who will help position us for continued success and the future growth of our chicken segment,” said Donnie King...

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Jan 27 9:20 AM, General News


Children’s Food and Beverage Market to Continue Growth Through 2027

When it comes to purchasing food, taste is the number one priority for most consumers. For parents, their children’s willingness to eat a given food is a close second. Compared to all consumers, parents are more likely to prioritize food characteristics that provide a health halo such as high protein, unsaturated fats, clean label, low sugar, and non-GMO. Parents tend to be more health-conscious and choosy about foods for their kids and themselves.

Products free from common allergens – such as nuts, dairy, and eggs...

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Jan 27 8:36 AM, General News


NRF: Valentine’s Day Spending to Soar Past 2022 to $26 Billion

The National Retail Federation (NRF) expects consumers to shell out $25.9 billion for Valentine’s Day in 2023, up from 2022’s $23.9 billion, per an annual survey released by the group and Prosper Insights & Analytics.

If the survey results hold true, 2023 would be one of the highest spending years on record, the NRF noted.

“Valentine’s Day is a special occasion to shop for the people we care most about,” NRF President and CEO Matthew Shay said. “This year, as consumers embrace spending on friends and...

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Jan 27 8:17 AM, SeafoodNews


Campbell Appoints Carrie Anderson Chief Financial Officer

Campbell Soup Company (NYSE:CPB) today announced the appointment of Carrie L. Anderson as Executive Vice President and Chief Financial Officer, effective Feb. 6.

Anderson will lead Campbell’s finance function, including controllership, corporate financial planning and analysis, corporate strategy and development, tax, treasury, internal audit, investor relations, transactional services and financial systems. She will report to Campbell’s President and Chief Executive Officer Mark Clouse and become a member of the company’s Operating Committee and a Corporate Officer. Anderson succeeds Mick Beekhuizen, who was appointed President of Campbell’s Meals & Beverages division in November 2022...

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Jan 27 7:50 AM, General News


MOD Pizza Tests Oven-Baked Wings in Dallas and Salt Lake City; Looks to Deepen Menu Innovation

MOD Super-Fast Pizza Holdings, LLC (“MOD Pizza”, “MOD” or the “Company”) the people-first, purpose-led fast casual pizza brand, today announced the addition of oven-baked wings to the menu at 28 locations in Dallas and Salt Lake City. The new craveable and shareable wings are hand-tossed in sauces and oven-baked, offering customers over 35 sweet, spicy and savory flavor combinations. Served in six- or 12-piece portions, MOD’s new wings offer five signature recipes and seven dipping sauces...

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Jan 27 7:42 AM, General News


Addie's Debuts as the East Coast's First Drive-up Grocer, with Rapid Expansion to Follow

Addie's, the drive-up grocer redefining the grocery shopping experience, officially launched today its first concept store with $10.1 million in seed funding led by the Disruptive Innovation Fund, the venture capital arm of Clay Christensen's Rose Park Advisors. Instead of patchworking together in-store grocery, online grocery, and direct-to-consumer delivery models, Addie's has built an entirely new one: a pick-up-only store designed solely for stocking, storing, and bagging groceries without the need for a shopper ever to step...

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Jan 27 7:39 AM, General News


McDonald's President: California Keeps Looking for Ways to Raise Prices, Drive Away More Businesses

Whether you're a lawmaker, a business owner or leader, or an everyday voter, one thing is clear: California has become a dramatic case study of putting bad politics over good policy.

Last fall, the legislature passed a bill – AB257, or the FAST Act – almost entirely at the behest of organized labor's firm grip on many of the state's lawmakers. It makes it all but impossible to run small business restaurants, but the impacts are far beyond that. Under the FAST Act

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Jan 27 7:31 AM, General News


PLANT PROTEIN: Emerging Plant Protein of the Month: Watermelon Seeds

Who doesn’t love the sweet taste of ripe, red watermelon which comes in more than 1,200 different varieties globally? Who would’ve known that wild watermelon seeds were discovered in Libya and date back more than 5,500 years ago? And who would’ve thought that the dark seeds from this juicy fruit are nutritious and healthy?

So, what are some of the benefits of these seeds? They are low in calories, with a handful of seeds weighing about 4 grams containing only...

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Jan 25 2:58 PM, Plant Protein


Papa Johns Unveils New Design for International Restaurants

Papa Johns today announced a new design for international restaurants that invites people to enjoy Papa Johns premium pizza together in a warm setting that brings to life the Papa Johns promise of Better Ingredients. Better Pizza.® Premium ingredients – the core of the Papa Johns experience – are highlighted throughout the new restaurant through colors, lighting and decor that showcases Papa Johns new visual brand identity. In a streamlined and flexible environment, Papa Johns team members will be equipped to more efficiently create quality food and serve it in the seamless, personalized...

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Jan 25 11:46 AM, General News


The Retail Rundown: How Do Plant-Based Meat Sales Fare at Retail?

Plant protein has piqued increased interest among consumers in recent years. Within the plant protein arena, plant-based meat ranks second in terms of sales dollars, behind plant-based milk.

Boosted by growing demand among consumers, whether vegan, vegetarian, or flexitarian, plant-based meat sales climbed to $1.4 billion in 2020, according to the Good Food Institute. That was up 45% from 2019 and a record year of growth.  However, dollar sales of plant-based meat in 2021 were flat with the year prior at $1.4 billion.

Like conventional meat, the plant-based industry has weathered recent years of pandemic-related challenges including supply chain issues and inflation. A deeper dive into Information Resources, Inc. (IRI) data suggests that plant-based sales at retail could continue to stall following its sharp upward trajectory three years prior...

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Jan 25 11:38 AM, UB Newswires


Steakholder Foods Achieves 50x Yield in Cell Production Using a Filtration System

Steakholder Foods Ltd. (NASDAQ: STKH), (formerly MeaTech 3D: MITC), an international deep-tech food company at the forefront of the cultivated meat industry, today announced that it has developed a process that has achieved 50 times more growth in cell production yield than previously. This breakthrough process uses a filtering system integrated with the company's growth method and is expected to result in greater outputs.

Achieving a high growth yield with minimal use of growth media is an industry-wide goal, due to the current high...

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Jan 25 10:04 AM, General News


Morrison Named New U.S. Poultry & Egg Association Chairman

Jarod Morrison, Farbest Foods, Huntingburg, Indiana, was elected chairman of the board of directors of U.S. Poultry & Egg Association (USPOULTRY). The board meeting was held during the International Poultry Expo, part of the 2023 International Production & Processing Expo. Morrison previously served as vice chairman.

Morrison received his BS in Finance from the University of Southern Indiana and his MBA from Purdue University. Before joining Farbest Foods, he was senior director of finance and accounting with Masterbrand Cabinets and finance manager with GE Plastics...

 

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Jan 25 9:08 AM, General News


Major Food Production Center & Cold Storage Facility to Open in Missouri

West Liberty Foods, a leading protein processor, is opening a new food production facility in Kansas City, Missouri, attached to a supporting cold storage facility to be developed by Vertical Cold Storage. The companies are expected to invest a combined $199.6 million and create 583 jobs in the region.

“Missouri is home to nearly 400 food companies, and we are excited to welcome West Liberty Foods and Vertical Cold Storage to our state’s robust food and agricultural network,” said Governor Mike Parson...

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Jan 25 8:51 AM, General News


Church’s Texas Chicken Hires Procurement Industry Leader Will Cash for VP, Purchasing Role

Church’s Texas Chicken®, one of the largest quick-service chicken restaurant chains in the world, has hired Will Cash for the brand’s Vice President, Purchasing role. Cash will implement his extensive procurement and supply chain expertise starting this week as he takes on this new role with the brand.

“I’m thrilled for this opportunity to join a talented team, particularly as this iconic brand is positioned for its next phase of growth,” said Cash...

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Jan 25 7:59 AM, General News


BASF, Cargill Expand Partnership to Offer Enzyme Solutions to U.S. Animal Protein Producers

At the IPPE fair in Atlanta, BASF and Cargill today announced their expanded cooperation, adding the United States (US) to their existing feed enzymes development and distribution agreement. Together, the two companies are committed to bringing innovative enzyme-based solutions to the market, generating distinctive value for animal feed customers. By combining the enzyme research and development strengths of BASF with Cargill’s know-how in application and broad market reach, the partners will form a joint innovation pipeline for animal protein producers...

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Jan 25 7:07 AM, General News


TGI Fridays New Three-Course Feast Menu Brings All the Friday Feels Without Breaking the Bank

For fans seeking a guaranteed good deal – and good time, TGI Fridays is serving up a can't-miss menu for guests to share that's sure to please both their taste buds and their wallets. Starting today (just in time for Valentine's Day) through April 3rd, the brand is serving up the all-new Fridays Feast menu – a complete three-course meal for two starting at just $28*.

Only available for a limited time, fans will want to get a taste of Fridays...

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Jan 24 11:04 AM, General News


FMI Elects New Board Members as Industry Sees Opportunity Ahead

Today, FMI – The Food Industry Association announced its 2023 Board of Directors elected at the association’s annual Midwinter Executive Conference in Orlando. The new slate will guide the implementation of FMI’s 2023-approved strategic plan during a time of rapidly evolving industry challenges and opportunities and reflects the breadth of the product supplier and retailer/wholesaler communities. The outgoing Board officers, first elected in 2020, agreed last year to continue serving in order to provide continuity to the association amid ongoing supply chain and inflation challenges...

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Jan 24 10:08 AM, General News


Consumers Now Take a Holistic Approach to Their Health and Focus on Both Mental, Physical Well-Being

The focus on health and wellness evolved throughout the pandemic as consumers began seeking coping mechanisms for their altered lifestyles. The consumer’s need for normalcy at the height of the pandemic was the entry for a mental and physical health focus, reports The NPD Group. Compared to the pre-pandemic period, more consumers say that the amount and quality of sleep, work-life balance, and managing stress are important factors contributing to their health...

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Jan 24 9:18 AM, General News


Tennessee Gov. Announce SK Food Group, Inc. to Establish Manufacturing Operations in Bradley County

Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Stuart McWhorter and SK Food Group, Inc. officials announced today the company will invest $205.2 million to construct its fourth production facility with Cleveland, Tennessee, as its newest location.
As a result of the project, SK Food Group will create 840 new jobs in Bradley County by 2030.

SK Food Group’s new 525,000-square-foot manufacturing facility will support the company’s growing consumer demand by utilizing state-of-the-art automated technology to assist...

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Jan 23 7:29 AM, General News


NPFDA Association Set to Induct Officers and Appoint New Board Members

The National Protein and Food Distributors Association Board of Directors will meet on Monday, January 23, 2023, in Atlanta, GA. to tap officers and newly elected board members.

Judson “Jud” Guest, Executive Vice President at LAD Truck Lines, Inc., in Watkinsville, GA, will succeed Jeff Paschall, Vice-President of Sales & Marketing at Fieldale Farms / Springer Mountain Farms, in Baldwin, GA, as chairperson of NPFDA. Laurie Pate, President at Foodlinx, Inc., in Brentwood, CA, moves into the Vice Chair role after serving as Treasurer. Newly elected...

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Jan 23 7:28 AM, General News


Taco Bell Debuts Ulitmate Gameday Box

Taco Bell is taking traditional pizza and wings, game day eats, to the next level with the brand's most iconic trio yet. The Ultimate GameDay Box, available at participating locations nationwide starting January 26 through February 9, while supplies last, puts a new spin on a watch party meal with a saucy Mexican Pizza, Crispy Chicken Wings and Crunchy Tacos. The best part? You don't even need to leave your house to enjoy this box when you get it delivered through the Taco Bell app. Whether you're watching the...

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Jan 20 9:21 AM, General News


ANALYSIS: November Exports - Another Commendable Month for Chicken

The latest round of export figures confirms the general consensus of chicken market participants: November was another stellar month for those on the marketing side of the business...

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Jan 20 9:16 AM, Urner Barry


Blimpie Introduces New Premium Subs to Kick Off the New Year

Blimpie® (www.Blimpie.com), America's Sub Shop®, is starting the year "big" with the launch of four new sandwiches that highlight the fresh new look of the brand's menus in-store and online and new motto of a Bigger. Better. Blimpie®. Beginning January 17, 2023 the four new premium subs will be available in stores and online nationwide.

New Premium Sandwiches:

- Spicy Italian: Ham, salami, pepperoni, provolone, tomatoes, lettuce, onions and spicy giardiniera

- Turkey Reuben: Turkey, sauerkraut, Swiss cheese and 1000 island dressing...

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Jan 20 9:14 AM, General News


Members of the 2025 Dietary Guidelines Advisory Committee Announced

The U.S. Department of Health and Human Services (HHS) Secretary Xavier Becerra and U.S. Department of Agriculture (USDA) Secretary Tom Vilsack today announced the appointment of 20 nationally recognized scientists to serve on the 2025 Dietary Guidelines Advisory Committee (the Committee).

The Committee will be tasked with reviewing the current body of science on key nutrition topics and developing a scientific report that includes its independent assessment of the evidence and recommendations for HHS and USDA as they develop the Dietary Guidelines for Americans...

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Jan 20 8:52 AM, General News


Perdue Farms Partners with GreenGasUSA, 17 Percent Companywide Net Reduction in Carbon Emissions

Perdue Farms has partnered with GreenGasUSA to further the company’s carbon-reduction goals.

In late 2022, GreenGas completed installation of equipment at Perdue’s operations in Lewiston, N.C. to capture the methane from the operation’s onsite wastewater treatment facility and convert it to renewable natural gas (RNG).

Through GreenGas’ partnership with large food producers, industrial, and manufacturing companies all across the United States, the pipeline-grade RNG is transported from Perdue’s Lewiston operation to a GreenGas RNG pipeline interconnection hub, where it is injected into...

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Jan 20 8:44 AM, General News


USDA Publishes Strengthening Organic Enforcement Final Rule

Today, the USDA National Organic Program (NOP) previewed the Strengthening Organic Enforcement (SOE) final rule. This update to the USDA organic regulations strengthens oversight and enforcement of the production, handling, and sale of organic products. This final rule implements 2018 Farm Bill mandates, responds to industry requests for updates to the USDA organic regulations, and addresses National Organic Standards Board (NOSB) recommendations.

“Protecting and growing the organic sector and the trusted USDA organic seal is a key part of the USDA Food Systems Transformation initiative,” said Under Secretary for Marketing and Regulatory Programs ...

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Jan 20 8:42 AM, General News


PERDUE Debuts Two New Product Lines: Flavor-Infused Chicken & Chicken Plus Snackers

PERDUE® today announced the launch of two new meal and snacking lines in its portfolio, PERDUE® Flavor-Infused Chicken and PERDUE® Chicken Plus Snackers. Both product lines were developed as part of Perdue’s continued focus on providing innovative, flavorful products that give consumers simple, high-quality, better-for-you options for meals and snacking occasions.

PERDUE® Flavor-Infused Chicken is delicious, versatile, and easily combined with other ingredients like pasta or rice and veggies to make a tasty dish in minutes with authentic...

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Jan 20 8:32 AM, General News


ANALYSIS: Turkey Poult Placements Attempt To Off-"set"- HPAI Losses

If there is anything obvious that can be said about the turkey market, it’s that there has been an underlying lack of production making the rounds, which can be attributed to HPAI and the flock losses which have come as a result...

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Jan 19 8:47 AM, Urner Barry


U.S. Natural Gas Wholesale Prices Expected to Decline This Year

The U.S. Energy Information Administration (EIA) is forecasting lower wholesale U.S. natural prices this year and into 2024, according to its January Short-Term Energy Outlook (STEO) released Wednesday. 

The EIA is anticipating natural gas production in the United States to increase by 2% this year and expects the Henry Hub price, which is the U.S. benchmark, to average $4.90 per mission British thermal units (MMBtu) in 2023. If accurate, this would be more than $1.50/MMBtu lower than the 2022 average. 

In the first quarter of 2023, the Henry Hub price could average close to $5.00/MMBtu. This is due to increased demand during the winter along with liquefied natural gas (LNG) exports at near-capacity volumes, explained the EIA...

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Jan 19 8:00 AM, UB Newswires


Tyson Nuggets of Love Chicken Nuggets are Back by Popular Demand with Expanded Retail Distribution

Tyson® Nuggets of Love™—the brand’s limited-edition release of heart-shaped chicken nuggets—are back by popular demand. This year, Tyson Foods has expanded distribution nationwide just in time for Valentine’s Day. These nuggets have gained popularity as a heartfelt way to celebrate Valentine’s Day with sweethearts, friends, and family by offering the same great taste fans know and love with a festive heart shape.

A recent survey1 found 84% of Americans say heart-shaped foods are a fun way to show...

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Jan 19 7:35 AM, General News


USDA Seeks Public Comment on Proposal to Strengthen Animal Disease Traceability Regulations

The United States Department of Agriculture’s (USDA) Animal and Plant Health Inspection Service (APHIS) is proposing to amend animal disease traceability regulations and require electronic identification for interstate movement of certain cattle and bison. APHIS is also proposing to revise and clarify record requirements. These changes would strengthen the Nation’s ability to quickly respond to significant animal disease outbreaks. Major animal disease outbreaks hurt our ranchers and farmers and all those who support them along the supply chain, threaten our food security, and impact our ability to trade...

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Jan 19 7:31 AM, General News


The Retail Rundown: Seafood Feature Volume Increases

Seafood feature volume increased to the top spot across the protein complex this week. Seafood ads account for nearly 30% of total protein ads, while beef is a close second with 29%. Pork features claim about 23%, while chicken makes up 17%. With the holiday baking season behind us, egg features accounted for less than one percent of total retail buying opportunities.   

In the seafood complex, fresh finfish was the top seller last week with $28.3 million in total sales, or about 32% of the total seafood sales value. A deeper dive into the finfish category shows fresh salmon as the leading species among shoppers. Salmon retailed at an average of $11.24 non-discounted, versus $10.37 discounted.

Fresh cod purchases ranked second with about $19.2 million in sales for the week ended January 8. In the frozen aisle, shrimp retailed at $9.23 non-discounted, 14.5% higher than its discounted average price. Convenient prepared options including frozen seafood cakes made a splash with $560,320 in total sales, according to Information Resources, Inc (IRI) data...

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Jan 19 7:30 AM, UB Newswires


NCC Calls for Withdrawal of Inclusive Competition Rule

In comments submitted today, the National Chicken Council (NCC) expressed deep concern about the U.S. Department of Agriculture’s Agriculture Marketing Service Proposed Rule, titled “Inclusive Competition and Market Integrity Under the Packers and Stockyards Act.”

“We are deeply concerned that the Proposed Rule would impose substantial costs, expose live poultry dealers to significant legal and compliance risks, and undermine the successful and mutually profitable poultry grower contracting system,” said NCC President Mike Brown. “The last thing AMS should be doing is pushing increased regulations, red tape...

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Jan 19 7:20 AM, General News


Urner Barry Releases January Soy & Wheat Report

In the latest WASDE report, the USDA reported the 2022/23 U.S. wheat outlook in January is for increased supplies, larger domestic use, unchanged exports, and lower ending stocks. Supplies are raised on higher beginning stocks as reported in the National Agriculture Statistics Service (NASS) Grain Stocks report. Feed and residual use is increased 30 million bushels to 80 million bushels based on higher second-quarter implied disappearance based on the Grain Stocks report. The season-average farm price is ...

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Jan 18 4:58 PM, Plant Protein


P.F. Chang's Celebrates the 2023 Lunar New Year and Year of the Rabbit

P.F. Chang's® is honoring its roots in Asian tradition by celebrating the Year of the Rabbit with unique in-restaurant experiences and limited-edition retail items available online. Among the most celebrated and festive holidays in Asian culture, Lunar New Year brings together family members and loved ones to usher out the old and honor new beginnings through traditions that symbolize luck and fortune.

To toast this special occasion, guests dining in can enjoy P.F. Chang's limited-time specialty crafted cocktail...

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Jan 18 2:23 PM, General News


U.S., EU Agree to Tariff Rate Quotas for Agricultural Products

The United States Trade Representative (USTR) Katherine Tai and a number of EU representatives signed the U.S.-EU Tariff Rate Quota (TRQ) Agreement on January 17.

According to the USTR, the agreement will allow the U.S. to preserve its existing access to the EU market for various agricultural commodities following the United Kingdom’s exit from the EU on January 1, 2021.

“The new TRQ allocations are based on the historical pattern of agricultural exports to the 27 EU Member States,” the USTR’s office wrote in a press release...

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Jan 18 9:51 AM, SeafoodNews


Farmer Focus Expands its Award-Winning Pre-Seasoned, Organic Chicken Line with Three New Flavors

Today, Farmer Focus, the only 100% USDA organic and Humane Certified® chicken company with a mission to promote and protect generational family farms, announced the expansion of its pre-seasoned chicken line to include three new SKUs: Honey Jalapeño Chicken Party Wings; Black Garlic and Ginger Boneless Skinless Chicken Thighs; and Caribbean Jerk Seasoned ​​Boneless Skinless Chicken Breast. Just in time for the Big Game, these new flavors join Farmer Focus's existing award-winning pre-seasoned gluten-free line, which...

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Jan 18 7:25 AM, General News


Chili's Grill & Bar Names New Vice President of Marketing

Brinker International, Inc. (NYSE: EAT) today announced that Jesse Johnson has joined the company as Vice President of Marketing. In this newly created role, Johnson will develop and execute marketing strategies for Chili's® Grill & Bar and bring the brand to life across multiple touchpoints, including advertising, media, PR and the Guest experience.

An accomplished brand director with over 16 years of experience, Johnson spent much of his career at Wieden+Kennedy (W+K) leading award-winning marketing initiatives and campaigns for top brands such...

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Jan 18 7:20 AM, General News


REPORTER: Is The Future of Self-Checkout in Limbo?

This article was originally featured in the Winter 2023 Edition of Urner Barry’s Reporter magazine. Want a FREE subscription? Click HERE.

The days may be numbered for selfcheckout in retail stores. The problems are getting bigger, the losses are increasing, and retailers are frustrated.

Wegmans Food Markets decided to eliminate their scan and go self-checkout in September 2022 due to several losses from theft. Will other retailers follow suit?

An email was sent to the users of the Wegmans SCAN app that said...

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Jan 18 4:47 AM, Urner Barry


Meat and Poultry Processing Equipment Market to Reach $30.5 Bn by 2032

The meat and poultry processing equipment market valuation is projected to cross USD 30.5 billion by 2032, as reported in a research study by Global Market Insights Inc.

Expansion of multinational restaurant and hotel chains, especially in Europe as a chief driver of the market growth. For instance, the expansion of multinational fast-food chains such as McDonald’s has increased the demand for meat & poultry products due to the rising demand for chicken and beef around the world. Furthermore, growing investment by the government to improve the quality and working environment in food processing industries has been another major driver for industry size.

With respect to meat, the meat and poultry processing equipment market ...

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Jan 17 8:58 AM, General News


REPORTER: Food Trends in Focus in 2023

This article was originally featured in the Winter 2023 Edition of Urner Barry’s Reporter magazine. Want a FREE subscription? Click HERE.

If anything, the food industry is resilient. After spending much of the last three years battling the COVID-19 pandemic, the focus has shifted to record inflation and a potential recession heading into 2023.

With questions about rising food prices and the impact it will have on consumer food spending habits, industry experts are expecting social media, classic menu items and sustainable protein options to play a key role in the...

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Jan 17 7:30 AM, Urner Barry


NRF Announces Six Additions to Board of Directors

The National Retail Federation today announced the addition of six new members to its Board of Directors. The new members were elected to the board at NRF’s annual winter board meeting, held at NRF 2023: Retail’s Big Show.

“We are honored to welcome such a distinguished and diverse group of individuals to the NRF Board of Directors,” NRF President and CEO Matthew Shay said. “Their willingness to provide volunteer leadership, expertise and guidance to NRF allows us to continue driving positive change on behalf of retailers large and small in communities across...

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Jan 16 9:32 AM, General News


Uber Eats and Visa Partner for Greener Restaurant Packaging

Uber (NYSE:UBER) and Visa (NYSE:V) today announced a new program designed to support small-and medium-sized businesses in their transition to green and sustainable packaging solutions, as part of a broader year-long effort to support SMBs who use Uber Eats to grow their businesses.

Together, the two companies will make $1 million accessible to qualifying Uber Eats restaurants in New York, Los Angeles, London, Paris and Madrid to be used towards funding sustainable packaging solutions to help transition to a greener future, which hospitality industry research indicates...

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Jan 16 9:29 AM, General News


ANALYSIS: A Deep Dive Into Chicken Wings at Retail

With the “kickoff” of NFL playoffs at our doorstep, football fans and chicken market participants are keeping their eyes trained on the wing complex...

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Jan 16 8:02 AM, Urner Barry


The Wendy's Company Reports Preliminary Fourth Quarter and Full Year 2022 Results

The Wendy's Company (Nasdaq: WEN) today reported preliminary, unaudited results for the fourth quarter and fiscal year ended January 1, 2023. The Company plans to release its audited financial statements and file its annual report on Form 10-K on March 1, 2023.

"Our 2022 results highlight the strength and resiliency of the Wendy's® brand as we continued to deliver compelling sales and profit growth," President and Chief Executive Officer Todd Penegor said. "During the year, global same-restaurant sales reached double digits on a two-year...

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Jan 13 9:28 AM, General News


Tyson Foods Appoints Adam Deckinger General Counsel and Secretary

Tyson Foods, Inc. (NYSE: TSN) announced today that Adam Deckinger has been named General Counsel and Secretary, effective immediately. Deckinger has been with the company since 2018, most recently serving as Senior Vice President, Head of Law and Compliance. Deckinger will report directly to Donnie King, President and Chief Executive Officer of Tyson Foods.

Deckinger will succeed Amy Tu, Chief Legal Officer & Secretary, who was named President, International & Chief Administrative Officer September 22, 2022.

Deckinger has more than 15 years of legal...

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Jan 13 9:26 AM, General News


Mercatus Unveils Next Generation Mobile Grocery Shopping App Providing Greater Customer Convenience

Mercatus, a leading provider of grocery eCommerce solutions, today announced the evolution of Mercatus Mobile -- an entirely new mobile commerce experience for grocery retailers and their customers. Built from the ground up with the latest mobile innovations in mind and using a completely new architecture, Mercatus Mobile delivers a seamless shopping experience to help grocers increase mobile conversions, improve order frequency and retain online customers.

The new mobile app offers grocery retailers more control over their online experience providing direct access...

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Jan 13 7:47 AM, General News


Afresh Technologies and Albertsons Companies Roll Out AI-Powered Platform to More Than 2,000 Stores

Afresh Technologies, the world's leading fresh food technology company, and Albertsons Companies (NYSE: ACI) announced today the completion of an enterprise rollout of the Afresh predictive ordering and inventory management platform across nearly all of Albertsons Cos.' banner stores across the country. The system was fully deployed in more than 2,000 stores in seven months, far less than the three to five years typically required for large-scale enterprise software implementations in the grocery industry...

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Jan 13 7:43 AM, General News


REPORTER: Convenience Stores Could Be The New Quick-Service Restaurant

This article was originally featured in the Winter 2023 Edition of Urner Barry’s Reporter magazine. Want a FREE subscription? Click HERE.

Step aside fast-food restaurants, convenience stores are taking the spotlight. With hot and ready-toeat meals, they are offering cheaper alternatives than what you may find at your local quick-service chain.

Convenience stores are the typical go-to store to get a pack of gum or bag of chips when stopping at the gas station, or even during a road trip to grab a quick bite...

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Jan 13 7:40 AM, Urner Barry


U.S. Broiler Exports Posted Solid Gains in November

U.S. broiler exports for January through November 2022 reached an all-time high in both volume and value, according to new trade data released by the USDA Foreign Agricultural Service.

China, Taiwan, Angola, Philippines, Georgia, Congo (Brazzaville), Vietnam, Gabon, Gambia, Singapore, Canada, and Turkmenistan showed tremendous gains in broiler exports from the same period a year earlier.

Broiler exports for the first 11 months of 2022 were 3,490,748 metric tons, up 5.5 percent from the same period a year earlier, while export value...

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Jan 13 7:25 AM, General News


USDA Accepting Applications for Netherlands Agribusiness Trade Mission

The U.S. Department of Agriculture’s Foreign Agricultural Service is accepting applications from U.S. exporters for its first-ever regional agricultural trade mission to Amsterdam, Netherlands, April 17 – 20, 2023.

“Agribusiness producers, exporters, and growers in the United States may find the Netherlands to be a perfect gateway to Europe,” said FAS Administrator Daniel B. Whitley. “Participants will explore exporting opportunities in this mature market, which continues to grow, and meet potential buyers in surrounding regional markets.”

U.S. agricultural and related exports, including fishery...

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Jan 13 7:19 AM, General News


Hodie Meats and the Northlake Partners Strike Up Deal to Implement NorthScope ERP Software

On the heels of opening its further poultry processing facility, Hodie Meats has signed a deal with the Northlake Partners (NLP) to implement NorthScope as the company's ERP software.

As a holistic solution for Hodie Meats, NorthScope's Financial, General Ledger, Accounts Payable, Accounts Receivable, Sales and Inventory functional areas will be implemented. Accompanying the software, the implementation will also include training, configuration, report layout, design and customization, as well as go-live and post go-live support by NLP. 

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Jan 13 7:05 AM, General News


FMI Statement on December CPI Food Price Numbers

Today, FMI - The Food Industry Association Vice President, Tax, Trade, Sustainability and Policy Development Andy Harig issued the following statement on the December 2022 Consumer Price Index (CPI) numbers reflecting still elevated but moderating food price inflation.

“The latest CPI data serve as encouraging end cap on an otherwise turbulent year. As inflation slows, economists remain cautiously optimistic about the potential for a soft landing for the U.S. economy.

“Still, the December CPI data reflect that the global food market remains tight. In 2022, we witnessed energy prices become increasingly volatile, creating...

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Jan 12 1:12 PM, General News


Jollibee to Debut Its First Two-Lane Drive-Thru in U.S. at Orlando, Florida

Restaurant sensation Jollibee is rapidly expanding across North America and sunny Orlando, Florida is next on the list. Known for offering delicious food at great value, Jollibee is bringing its friendly customer service and signature brand of joy to the city of Orlando.

On January 18, 2023, Jollibee will debut its Orlando storefront at 11891 East Colonial Drive and invites hungry Floridians to experience what sets Jollibee apart from its competitors – extraordinary menu offerings and friendly customer service. Jollibee specializes in all things fried...

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Jan 12 11:49 AM, General News


Cargill Wins 2022 BIG Innovation Award

Cargill today announced it has been named a winner in the 2023 BIG Innovation Awards presented by the Business Intelligence Group.

Cargill is uniquely positioned to lead the transformation of our food and agriculture system to help address many of the world’s most pressing needs – from supply chain continuity to climate action and food security.

“Challenges are getting bigger and the time to solve them shorter,” said Florian Schattenmann, Cargill’s chief technology officer and vice president of Research & Development and Innovation. “That’s why our team is constantly focused on innovative solutions...

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Jan 12 9:02 AM, General News


ANALYSIS: Thin November Export Volume: A Product of the Times

The latest round of turkey export figures serves to confirm the generally lackluster sentiment that most players continue to exhibit...

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Jan 12 8:30 AM, Urner Barry


Tyson Foods to Create 400 Jobs at Caseyville Prepared Foods Plant

Tyson Foods has expanded its workforce projections for its Caseyville Prepared Foods facility, creating approximately 400 new team member positions to meet the growing demand for Hillshire Farm® and Jimmy Dean® grab-n-go snacking and breakfast items. This boost in facility team members is a result of the $180 million expansion currently in development. Seven state of the art production lines and 270,000 square feet will be added to the existing Caseyville facility to increase automated warehousing and robotics...

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Jan 12 8:13 AM, General News


Mintec and Urner Barry combine to create a market leading Price Reporting Agency and Data Provider

The combined company will be a global market leader focused on the Agri/Food and FMCG end-markets, offering a set of proprietary data including benchmark prices, price forecasts, cost modelling and market insights, delivered through an innovative SaaS platform.

Mintec, the leading global provider of price data, analytics, and forecasts for agri-food, today announced the acquisition of AgriBriefing, which includes the brands Urner Barry, Strategie Grains, FeedInfo and Tropical Research Services. Building on previous acquisitions by Mintec – Kairos Commodities and CommoPrices – this establishes the combined company as the largest agri-food-focused PRA and global information provider with a unique portfolio of feed-to-food commodity prices, forecasts, cost modeling tools and fundamental market data, serving over 5,000 customers in 50 countries.

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Jan 12 8:09 AM, Urner Barry


Zaxby's Welcomes Carl Mount as New Chief Supply Chain Officer

Saucy chicken chain Zaxby's welcomes Carl Mount as chief supply chain officer effective January 17. With 25 years of experience, Mount comes to Zaxby's most recently from Starbucks, where he served as senior vice president for supply chain operations. Prior to his Starbucks tenure, Mount was head of supply chain for KFC Global. At Zaxby's, Mount will manage partnerships across the supply chain industry to maximize the investments of franchisees.

"Having served in roles both in supply chain and procurement for global brands, Carl will help us optimize solutions that...

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Jan 12 7:48 AM, General News


Steakholder Foods Ltd. Announces Closing of $6.5 Million Public Offering

Steakholder Foods Ltd. (Nasdaq: STKH) ("Steakholder Foods" or the "Company"), an international deep-tech food company at the forefront of the cultivated meat industry, today announced the closing of its previously announced underwritten public offering of 6,500,000 American Depositary Shares ("ADSs"), (or ADS equivalents in lieu thereof) and warrants to purchase up to 6,500,000 ADSs at a public offering price of $1.00 per ADS (and accompanying warrant) for aggregate gross proceeds of $6.5 million, before deducting underwriting discounts and other offering expenses...

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Jan 11 10:46 AM, General News


Pat O'Toole Appointed Chief Marketing Officer of Burger King U.S. & Canada

Today, Burger King® announced Patrick (Pat) O’Toole will join the brand as Chief Marketing Officer, beginning Feb. 6. O’Toole will be accountable for leading marketing efforts to help grow traffic, accelerate sales growth and amplify the fundamental advancements the brand is making to the Guest experience — in support of the brand’s existing Reclaim the Flame plan shared in 2022 — and supported by more than 96% of Burger King Franchisees nationwide.

“We are excited to welcome Pat to the Burger King leadership team and broader BK family...

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Jan 11 8:21 AM, General News


USPOULTRY President John Starkey Announces Retirement

John Starkey has announced his upcoming retirement as president of U.S. Poultry & Egg Association (USPOULTRY). A search committee for his replacement will be formed at the January USPOULTRY board meeting, and a selection process and timeline will be established. Once a successor is in place, Starkey will remain available in an advisory role for the remainder of 2023.

Starkey has been president of USPOULTRY since August 2007 when he succeeded retiring president, Don Dalton. He began his professional career as an environmental engineer for Gold Kist in Atlanta in 1982 after completing his...

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Jan 11 8:19 AM, General News


NCC Releases its Most Comprehensive Guidelines to Date for Well-Being of Broiler Chickens

Consumers want to be sure that all animals being raised for food are treated with respect and are properly cared for during their lives. The people and companies involved in raising chickens for food share the public’s concern.

To assist chicken producers and processors in this effort, the National Chicken Council (NCC) in 1999 developed the NCC Broiler Welfare Guidelines and Audit Checklist which have been widely adopted by chicken farmers and processors to ensure all chickens are being properly cared for and treated humanely...

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Jan 11 7:35 AM, General News


Tyson Chief Technology and Automation Officer Departs

Scott Spradley, Executive Vice President, Chief Technology and Automation Officer (CTO) of Tyson Foods departed the company, per a January 9 company stock filing.

The company said Spradley’s responsibilities will be assumed by members of Tyson’s Information Technology team.

Tyson also said Spradley may receive payments and further benefits following his departure. He will be entitled to receive a payment of $1,400,000, which is equivalent to two  times his annual base salary, a lump-sum payment of $211,538, payable in July 2023, accelerated vesting of a prorated portion of his remaining outstanding restricted stock with an aggregate value of approximately $486,451 as of January 9, 2023.

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Jan 11 7:27 AM, General News


Texas Roadhouse, Inc. Appoints Gina Tobin President

Texas Roadhouse, Inc. (Nasdaq: TXRH), announced today that its Chief Learning and Culture Officer, Gina Tobin, has been promoted to President, a post which has been held by CEO Jerry Morgan since 2021.

Ms. Tobin, a 27-year veteran of Texas Roadhouse, has served in a variety of roles throughout her career at Texas Roadhouse, including as a Managing Partner, Market Partner, Vice President of Training, and most recently as Chief Learning and Culture Officer.

In addition to her current duties overseeing Food, Service, Training, Research & Development, and Diversity & Inclusion, Tobin...

Full Story »
Jan 11 7:23 AM, General News







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