Top 5 Food Business News of the Week: A Recap
The food industry is constantly changing, and staying up-to-date with the latest news is crucial for any food business. This week has been particularly eventful, with several significant developments affecting the industry. In this article, we will provide a recap of the top 5 food business news stories of the week.
1. Nestle Acquires Chameleon Cold-Brew
Swiss multinational food and drink conglomerate, Nestle, has announced the acquisition of Chameleon Cold-Brew, a leading producer of premium coffee concentrates. The deal will help Nestle to expand its coffee business and enhance its position in the U.S. coffee market. Chameleon Cold-Brew is known for its sustainable and environmentally conscious business practices, which could help to strengthen Nestle’s reputation in this area.
2. GrubHub Acquires Tapingo
Online and mobile food ordering and delivery platform, GrubHub, has acquired Tapingo, a platform specializing in food pickup and delivery for college campuses. The move will enable GrubHub to further expand its network and tap into the lucrative college market. Tapingo currently operates in over 150 college campuses and serves over 500,000 students.
3. McDonald’s Plans to Reduce Antibiotic Use in Beef
Fast-food giant McDonald’s has announced plans to reduce the use of antibiotics in its beef supply chain. The company aims to cut the use of antibiotics that are important to human health by 2020. The move is part of a wider trend towards responsible antibiotic use in the food industry, as concerns about antibiotic resistance continue to grow.
4. Coca-Cola Launches New Flavors
Coca-Cola has announced the launch of two new flavor varieties in the U.S. market: Orange Vanilla Coke and Orange Vanilla Coke Zero Sugar. The move is part of a broader strategy by the company to invest in innovation and differentiate its product offerings. The new flavors are expected to appeal to younger consumers and boost sales for the brand.
5. Beyond Meat Plans to Expand Production
Plant-based protein company Beyond Meat has announced plans to expand its production capacity in a bid to meet growing demand. The company, which produces vegan meat alternatives that taste and look like real meat, has experienced explosive growth in recent years. Beyond Meat’s products are currently available in over 27,000 retail locations and restaurants across the U.S.
Conclusion
The food industry is a dynamic and ever-changing field, and staying informed about the latest developments is essential for any business operating in this space. The news stories we reviewed this week highlight some of the key trends and initiatives that are shaping the industry today, from sustainability and responsible antibiotic use to innovation and differentiation. By keeping up-to-date with the latest news and trends, food businesses can position themselves for success in an increasingly competitive marketplace.
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