Hershey progressing on “innovative snacking powerhouse” journey

22 Feb 2018 --- US chocolate and confectionery giant The Hershey Company has detailed the progress the business is making towards its vision of becoming an innovative snacking powerhouse. In a presentation yesterday (Feb 21) at the 2018 Consumer Analyst Group of New York (CAGNY) conference, Michele G. Buck, President and Chief Executive Officer, of The Hershey Company and Patricia A. Little, Senior Vice President and Chief Financial Officer, went over the latest progress.

FrieslandCampina results: 10 percent revenue growth, but profits down in challenging 2017

22 Feb 2018 --- Revenues of Royal FrieslandCampina N.V. have increased by 10.1 percent to €12.1bn (US$14.8bn) in 2017, primarily due to higher sales prices and the inclusion of Engro Foods in Pakistan. Profit decreased by 37.3 percent to €227 million (US$278m) and in addition to negative currency translation effects, the profit was lower due to write-offs of assets in China and Germany and restructuring costs. The higher milk price was largely offset by increased revenues; this put the margins, particularly in consumer activities, under pressure.

Foodborne infections could be prevented through phage treatment: study

21 Feb 2018 --- New research into how bacteria-killing viruses could be used in the food industry to help prevent foodborne infections, shows great potential in eradicating pathogens and preventing food poisoning.

Glanbia revenues boosted by performance nutrition, Dairy Ireland sale

21 Feb 2018 --- Global nutrition group, Glanbia, has reported that its revenue from continuing operations rose by over 9 percent for the year for the financial year ended 30 December 2017. Revenues for the year rose to €2.387 billion (US$2.944bn) from €2.231 billion (US$2.751bn) in 2016, while the company also reported adjusted earnings per share growth of 10.2 percent to 87.11 cents. That was in line with guidance of 7-10 percent growth and marked Glanbia's eighth year of double-digit earnings growth.

DuPont debuts new enzyme strengthening solution for bakery

21 Feb 2018 --- DuPont Nutrition & Health has announced the development of the POWERBake 6000 product range, based on a unique new enzyme that acts as a strengthening solution, adding tolerance and consistency in bread and buns.

Tereos: Beet campaign sets new record in France

21 Feb 2018 --- The Tereos beet campaign 2017/2018 has been set a new record in France, with forward planning, innovation and widespread motivation reportedly having driven opportunities in the sugar beet space.

Arla results benefit from Ingredients performance, higher dairy prices leads to sales spike

21 Feb 2018 --- Despite another year in the volatile global dairy market characterized by significant shifts in market prices, Arla Foods showed a strong performance as higher milk prices lifted sales and led to a hike in payments to the cooperative’s farmer-owners

Blockchain technology: Increasing trust, traceability & security in the food industry

20 Feb 2018 --- How the food industry can harness the power of blockchain technology is a key question for many as we learn more about cryptocurrency concepts and how blockchain applications can be beneficial for companies and consumers. Hyped as a potentially game-changing pioneering innovation, blockchain technology is inspiring change and innovation in the global food and beverage industry – and although it’s still in the extremely early stages, blockchain technology offers the promise of disruption on a huge scale across multiple sectors including agri-food, retail and the ingredients business at large. 

Veggie delight: NPD innovation for millennials

20 Feb 2018 --- With “Mindful Choices” tipped as Innova Market Insights top trend forecast for this year, the move is making its way onto the dinner plates of health-minded young millennials. As concerns around sustainability, animal welfare and campaigns such as Veganuary is building momentum and driving innovation in the meat-free space.

Asian dairy innovation: Strong potential for milk-based snacks, claims study

20 Feb 2018 --- Dairy manufacturers should align their new product development and marketing practices with the growing demand for dairy products during snack occasions within the Asia region, according to data and analytics company, GlobalData.

Kerry results: “Mindful” eating helps revenues top €6.4bn in 2017

20 Feb 2018 --- Kerry Group has reported higher earnings and revenues for 2017 with “mindful” eating driving growth. Revenue at the Irish food technology and ingredients company increased by 4.5 percent to €6.4 billion (US$7.9bn) and adjusted earnings per share rose by 5.5 percent to 341.2 cents. The company benefited from a 4.3 percent growth in its business volume.

KFC shortage: Chicken chaos sweeps across the UK

20 Feb 2018 --- KFC has temporarily closed a number of stores across the UK as a result of chicken shortages caused by widespread delivery issues. A total of 562 KFC outlets remained shut following a weekend of disruption that peaked on Sunday night at 646 closures, according to The Guardian. The shortage has led leading tabloid newspaper The Sun to headline with "Kentucky Fried Closed" this morning, amid huge media interest. 

Responsibly sourced tuna: Princes hit 90 percent mark and aims for 100 percent by 2019

19 Feb 2018 --- International food and drink group Princes has confirmed that over 90 percent of its tuna was responsibly sourced by the end of 2017. The company now has a target of 100 percent responsibly sourced tuna by 2019 for all brands in all territories and is well on the way to achieving this.

Foodarom CEO: A new wave of “chemophobia” is dominating the food industry

19 Feb 2018 --- The world of flavors is continually evolving, and the habits of today’s consumer rely heavily on the evolution of taste, functionality and tradition. For flavor designer and manufacturer, Foodarom, this year is about balancing health and happiness and according to the company, the nutritional values of food has given rise to more products with flavors taken from foods that are valued for their health benefits.

Unilever discloses palm oil sources, could prompt widespread industry change

19 Feb 2018 --- Unilever has taken a pioneering stance on its palm oil supply chain by being the first consumer goods company to publish in full a dossier of all the suppliers and mills that it sources from. The rare industry move is designed to show the company’s commitment to transparency. This is a radical step in palm oil supply chain transparency with Unilever considering the full disclosure a “milestone” in its journey towards a more sustainable palm oil industry.

Euroma acquires Intertaste, gains top ranking in European spice market

16 Feb 2018 --- Koninklijke Euroma (Euroma) has officially taken over all the shares of Dutch branch competitor, Intertaste, after approval by the Authority for Consumers & Markets (ACM), international herbs and spices producer. With the takeover, Euroma will achieve a top ranking in the European market and a first place in the Dutch herbs and spices market. 

Danone delivers solid year results despite volatile food prices and rising costs

16 Feb 2018 --- Danone has delivered its full-year results for 2017 claiming that despite volatile food and beverage markets and rising input costs, the French giant continues its transformation and outperformed the industry average. Danone’s 2017 full-year results reveal that consolidated sales were €24,677 million (US$30.8 million), up 2.5 percent. The sales growth included an increase of 3.9 percent in value showing continued mix and value enhancement in all entities.

Weekly Digest: Nestlé moves for sustainable energy, DuPont certification for POWERMill enzyme

16 Feb 2018 --- This week in business, there were several announcements made on the sustainability side, Nestlé’s ambition to procure 100 percent of its electricity from renewable sources is moving forward and Suiker Unie was awarded gold status by EcoVadis for the fourth consecutive year. Also this week, Mondelēz has made changes to its Board of Directors and President and CEO of GMA, Pamela Bailey, announced she would retire later this year following nearly ten years of leading the organization. DuPont received a patent certification on its POWERMill enzyme and was also recognized as first place in the most innovative food ingredient category at the Food Ingredients Innovation Awards 2017 in Brazil. Meanwhile, FrieslandCampina acquired all the remaining shares in Friesland Huishan Dairy (FHD).

Palm oil: IOI Loders Croklaan & Kerry back Small-Growers Support Program

15 Feb 2018 --- IOI Loders Croklaan has partnered with Kerry Group, Wild Asia and the Fortuna Palm Oil Mill in Sabah to implement a 3-year Small-Growers Support Program. The program supports the inclusion of smallholders into IOI’s supply chain and will boost small farmer’s (farm size between 0 to 500Ha) productivity by helping them implement sustainable agricultural practices.

Nestlé posts weaker than expected results amid challenging environment

15 Feb 2018 --- Nestlé has blamed a “challenging environment” on weaker than expected results in 2017. Net profit decreased by 15.8 percent to CHF7.2 billion (US$7.77bn) and earnings per share decreased by 15.8 percent to CHF2.32 (US$2.51) for the full year.

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