Aerbio, formerly Deep Branch Biotechnology Ltd, has advanced its project to convert industrial CO2 and hydrogen into Proton, a sustainable feed protein for salmon and chickens. The renaming follows a management buyout of Nottingham-based Deep Branch, with leadership remaining under CEO Kaspar Kristiansen, CTO Rob Mansfield, CXO Peter Rowe and Chairman Lars Topholm. Aerbio’s new […]
According to the Food and Drug Administration (FDA) and the Department of Agriculture’s Food Safety and Inspection Service (FSIS), more than a dozen food recalls occurred in August. The recalls affected a range of products, from desserts and condiments to infant formula, according to both federal agencies. Most of the recalls were due to undeclared […]
LONDON — Nestlé SA remains the world’s most valuable food brand, according to a new report from brand valuation consultancy Brand Finance. The report analyses several factors to determine brand value, including brand strength, revenue and royalties. Nestlé’s brand value has fallen by 7% from $22.4 billion to $20.8 billion. Brand Finance attributes the strong […]
MINNEAPOLIS — Although the second quarter was marked by improved performance in consumer goods categories, Target Corp. still sees plenty of room for growth in its expanding food and beverage business, said Brian Cornell, chairman and CEO. “We believe we have significant growth opportunities in this space, led by the unique combination of great national […]
BENTONVILLE, ARK. — Major food manufacturers face increasing pricing pressure from Walmart as the world’s largest retailer seeks further price cuts. Price increases in core store grocery categories have continued even as overall grocery inflation, particularly fresh food, has eased, Walmart President and CEO Doug McMillon said last week on a conference call about the […]
BENTONVILLE, ARK. – Walmart continues to benefit as consumers of all income levels, including affluent customers, look for value when shopping in-store or online, President and CEO Doug McMillon said in announcing second-quarter fiscal 2025 results. Adjusted earnings per share beat last year’s earnings per share and the high end of Wall Street’s forecast, although […]
FMI – The Food Industry Association is committed to providing its members with access to the latest information on how technology can assist them in their food safety efforts. FMI’s Food Protection Committee, for example, is an active community of food safety experts focused on sharing best practices and improving food safety across the industry, […]
CHICAGO — A comprehensive mid-year trends report from Datassential identified several consumer insights and industry issues and forecasted what’s coming in the world of food and beverage in 2025. The Chicago-based digital research firm found that 60% of consumers say they have changed their shopping behavior or purchasing decisions due to higher prices at the […]
KANSAS CITY — Want to learn more about the state of the plant-based dairy and meat alternative markets? Join News from the food industry for the live Trends and Innovations webinar taking place on Wednesday, August 21 at 1:00 p.m. Central Time. Chris DuBois, Executive Vice President of Perimeter Practice Leader at Circana, and Mimi […]
