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China Food & Agribusiness Quarterly – Q4 2022
China is facing sharp economic growth slowdown due to macroeconomic and geo-political challenges around the world, the real estate market slowdown, and ongoing Covid-led lockdowns. In Q2 2022, China’s GDP growth recorded only 0.4% YOY, according to the National Statistics Bureau. Rabobank is forecasting China GDP will only grow at 2.8 % for year 2022.
In August, consumer confidence indicators (CCI) are hitting historic lows, at 91.8. CCI is less likely to improve in the short term, given the current geopolitical turmoil, the ongoing zero-Covid policy in China, and growing fears of...
SpartanNash Vice President Andy Clausen Recognized for Inspiring Other Young Leaders
Food solutions company SpartanNash has made it a top priority to support up-and-coming talent in the rapidly evolving food industry. The Company’s commitment to training, education and advancement is exemplified by Andy Clausen, vice president, national accounts, who was recently announced as a winner of Progressive Grocer’s NextGen Award.
Clausen – who leads a team responsible for managing SpartanNash’s national accounts business across several locations within SpartanNash’s national distribution network – was recognized for his overall contributions and extraordinary efforts to inspire young professionals.
“Andy understands the importance..."
Cybersecurity Tips for Your Farm Business
Security experts are urging all farmers, including pork producers, to make cybersecurity a top priority for their businesses. This type of criminal activity continues to target America’s food industry.
The FBI informed the food and agriculture sector that ransomware actors are more likely to attack. The agency says agricultural cooperatives are of particular concern during critical planting and harvest seasons...
Evo Foods and Ginkgo Bioworks Announce Partnership to Develop Animal-Free Egg Products
Evo Foods, a consumer packaged goods company creating the next generation of plant-based substitutes for animal products, and Ginkgo Bioworks, the leading horizontal platform for cell programming, today announced a partnership to develop a method for producing animal-free egg proteins for use in Evo's products.
Facing increasing consumer demand for animal-free food alternatives, companies throughout the food industry are searching for optimal animal protein replacements that can seamlessly supplement consumer tastes. Current egg substitutes have limitations in their ability to replicate...
Nomad Foods Urges Food Industry to Adopt End-to-End Carbon Impact Product Assessment
Nomad Foods, Europe’s leading frozen food company, which owns brands including Birds Eye, Findus and iglo, is calling on the food industry and regulators across Europe to consider a more comprehensive, end-to-end approach to Life Cycle Assessment (LCA) studies, which includes food loss and waste impacts, to improve transparency for consumers and drive critical action to reduce carbon emissions.
Food production is a major contributor to climate change and making better environmental choices about what we eat and how we reduce...
CEOs Get Personal on Industry Challenges of Past 2 Years
Over the past two years, there have been a lot of essential discussions about the shopper journey and the important ways that grocery workers’ lives were impacted by pandemic-fueled changes and challenges at work. Industry leaders have also been in the fray to steer their companies ahead in a challenging era with hits from all sides.
“It was like getting a curveball every single day.” That was one remark from an executive who took part in the 56th Annual Food Marketing Conference in Grand Rapids, Mich., presented...
CORE® Asks Brands To Inspire Hope For Restaurant Families
CORE® (Children of Restaurant Employees), a national non-profit organization that provides financial help to food and beverage employees with children, recently announced its second launch of the Inspiring Hope campaign. The campaign calls on brands to take a stand in supporting the food and beverage industry, which has been hit hard over the past year.
"Medical bills are the number one reason for a bankruptcy in the U.S. and more than 80% of CORE grants are due to a medical crisis. Additionally more than 50% of..."
Campbell Named One of America’s Most Trusted Companies by Newsweek
Campbell Soup Company today announced it was named to Newsweek’s inaugural list of America’s Most Trusted Companies, ranking No. 1 in the Food & Beverage industry.
“For generations, Campbell has earned trust by making food people love and by acting with character, integrity and transparency in everything we do,” said Mark Clouse, Campbell’s President and Chief Executive Officer. “This recognition is a testament to the care that our more than 14,000 employees demonstrate to each other, our customers, consumers and communities.”
America's Most Trusted Companies were identified by an independent...
Consumer and Corporate Food Gifting Market Rises to $33 Billion
The U.S. food and beverage industry has been impacted heavily by COVID-19. In 2020 and 2021, more people were staying at home and not gathering as much in person. Food gifts have been a good gift to send directly to people who are staying at home because they are practical, easy to ship, comforting, and a good way to send treats to someone who cannot be visited in person. Corporate gifting has also increased rapidly during the pandemic as more employers have canceled in-person holiday parties and...
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