News & Analysis on Food & Beverage Development & Technology
PepsiCo’s net sales declined for the first time since the start of the COVID pandemic due to lower volumes as consumers pushed back against higher prices, and supply-chain issues, the company reported Friday in its fourth quarter and 2023 full-year results.
Generating $333m in net revenue and more than $9m in profit, Hungryroot attributes its growth to its AI-driven “core personalization” of users’ food preferences and an expanded inventory in its three facilities, explained Alex Weinstein, the company’s...
Hershey is launching a multi-year cost-savings strategy that will lean heavily on enhanced automation and a more efficient operating model, which could result in job cuts, to help offset historically high cocoa prices and elevated sugar costs that are...
Insects are not only thought to contain at least as much protein as conventional meat, but are also more environmentally sustainable. However, their novelty on the market poses challenges in consumer acceptance. How do start-ups persuade consumers to eat...