The war has triggered the third global food crisis in 15 years, with supplies of wheat, cereals, and edible oils particularly impacted. It’s estimated around 20 million tons of wheat has been trapped in Ukraine since its neighbor’s invasion. The two countries provide up to a third of the world’s grain exports. Ukraine’s grain exports … Read more
Hershey has made some successful moves in the snacking category over the past five years. In 2017, the company acquired Amplify Snack Brands and its portfolio, which included SkinnyPop popcorn, Paqui tortilla chips, and Tyrrells potato chips. In 2018, Hershey purchased Pirate’s Booty from B&G Foods. And in November 2021, the company made its second … Read more
“We have gotten off to a tremendous start to the year with reported sales growth of 16% and adjusted EPS growth of almost 32% in Q1” thanks in part to resilient consumer demand despite mid- to high-single-digit price increase across the portfolio and a “Strategic focus on enhancing our offerings and price points to ensure … Read more
Once limited mostly to individually-wrapped items corralled by the checkout stand to be consumed within seconds of leaving the store or on-go, impulse purchases today are more likely to be sharing sizes and larger multi- or variety-packs – reflecting the Shift to working and snacking at home, and the desire to balance the demands of … Read more
Catalina Snacks was founded in 2017 by Krishna Kaliannan who as a Type 1 diabetic missed the typical snacks and breakfast foods he once enjoyed (Cinnamon Toast Crunch and Oreos) and was growing tired of an endless cycle of eggs and nuts to maintain his blood sugar levels . Through online research into low-carb baking, … Read more
Finished products companies including Coca-Cola, Grupo Bimbo, Mondelēz International and international ingredient suppliers including ADM and Bunge have sprung to action as the conflict between Ukraine and Russia escalated last week with Russian troops invading Ukraine’s capitol Kyiv and its second largest city Kharkiv over the weekend. Mexican breadmaker Grupo Bimbo announced on Sunday that … Read more