Nine in 10 people are investing in future-of-work-related initiatives, but only
11% are putting significant funds there, according to Deloitte and the Food
Industry Association.
Sales of items including disinfectant sprays and wipes, hand sanitizer and cold
medicine were up by 15% or more over one week in mid-July, according to the
e-commerce company.
The CPG giant, which first invested in the water, yogurt and smoothie
manufacturer in 2017, didn’t disclose how much it owns or the amount of money it
spent to acquire a controlling share.
The snacking giant said the transparency pilot, which allows consumers to follow
the journey of white-winter wheat from fields in Michigan to the bakery, is the
first of its kind for the company.
As consumers turn to other beverages, Gavin Hattersley has moved aggressively
into energy drinks, diet soda and tequila to revive his company’s portfolio —
all while combating challenges like COVID-19 and a security breach.
The layoffs — which could include up to 800 jobs in the U.S. and Canada and up
to 20% of positions at its corporate headquarters — were announced to employees
last week in emails and virtual meetings, the paper reported.
The maker of Samuel Adams beer and Truly hard seltzer will develop nonalcoholic
beverages at the new subsidiary as it prepares for “future opportunities in the
U.S.”
The seasoned food executive will take the top job at the Activia yogurt maker as
it deals with activist investors, a portfolio review and stiff competition for
many of its top brands.
The beverage giant said the decision to end sales in North America comes as it
focuses its attention on other innovations such as Aha and its classic soda with
coffee.
The company is reintroducing the product under the name Funables and making
changes to the ingredients and package design in an effort to boost stagnant
sales.
CPG veteran Mark Murray said the company known for its quirky flavors can “stop
the bleeding” with the right leadership as it competes against PepsiCo,
Coca-Cola and changing consumer habits.
Younger consumers are embracing healthier snacking and plant-based meat, a new
Piper Sandler report shows, providing an opportunity for brands seeking to cater
to this demographic.