“Sustainability is a driving force both of our purpose and our growth strategy,” said Juan R. Luciano chairman, chief executive officer and president of ADM, in an Oct. 25 conference call with analysts to discuss the company’s third-quarter financial performance.
Inflation will carry over into 2023, and “it’s anybody’s guess” when it stops and allows Sensient Technologies Corp. to moderate its price increases, said Paul Manning, president and chief executive officer.
Target Corp.’s food and beverage unit continues to serve as an engine for growth, recording 20 straight quarters of market share gains, said Brian Cornell, chief executive officer for the company.
A renewed focus on sanitary design and cleanability, especially for allergens, is among the dominant trends in the design and construction of commissaries, central kitchens and other food production facilities.
Plant-based foods, increased interest in sustainable foods and practices, and the return of popular classics highlight potential new trends in 2023, according to a new report from Whole Foods Market. The report is created by the retailer’s Trends Council of food industry experts.
It’s no surprise to hear that shoppers are worried about inflation and are changing their buying habits accordingly, Jonna Parker, principal of the Fresh Center for Excellence at IRI, said in a recent IRI-sponsored webinar.
The Kroger Co. is acquiring Albertsons Companies for approximately $24.6 billion. If the acquisition is approved, it will encompass 4,996 stores, 52 processing plants, 66 distribution centers, employ approximately 710,000, and, on a combined basis have an estimated $210 billion sales and $3.3 billion in earnings.