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 Starbucks Corp. is losing $500 million a year on waste in its more than 8,000 company-operated U.S. stores, but hopes to cut that by 15 percent ($75 million)over the next year-and-a-half through greater efficiency. The company says its business model – “strict product quality requirements” plus “product availability” – always results in some waste. Food discarded because after the expiration date, and lost sales associated with a lack of inventory, are part of the costs. During Starbucks' fiscal second quarter, it cut waste costs by focusing on “outlier stores” that had high waste as a percentage of sales. It also improved training on the process of pulling . [Image Credit: © Wikimedia]
"Wasted food, other items cost Starbucks $500 million a year", Puget Sound Business Journal, April 27, 2018
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| Companies, Organizations |
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German family-owned investment group JAB Holdings will acquire the 530-store U.K.-based sandwich shop chain Pret A Manger from private equity group Bridgepoint for $2 billion including debt. Bridgepoint paid $486 million for the chain ten years ago. The purchase price is about 15 times earnings before interest, tax, depreciation and amortization, the people said. Annual sales are about $1.2 billion.
"Deal-hungry JAB to buy Pret A Manger for £1.5bn", The Financial Times, May 29, 2018
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| Consumers |
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Alternatives to cow’s milk made from soy, rice, oats, and other plant-based ingredients, are catching on big with consumers, mainly because of smart marketing by producers. The result is that sales of liquid milk slid 3.5 percent in the five years ended in 2017, while dairy alternatives – still a tiny slice of the $600 billion dairy market – grew four percent. The shift is due to a perception by consumers that dairy alternatives are more healthful, and more eco-friendly, than cow’s milk, though experts say there is no evidence of that. But some traditional milk brands have bucked the trend. Coca-Cola’s premium Fairlife milk has grown by touting its ingredients: more protein and calcium, less sugar and lactose. Other dairy companies could
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"Milk may need a makeover: Alternatives to dairy are increasingly winning over consumers", CNBC, May 29, 2018
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| Marketing & Advertising |
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Coca-Cola is one of the biggest CPG companies that is replacing “old school and time-consuming” manual store shelf audits with advanced digital tools. The company is using technology from start-up Trax that merges image recognition, machine learning, and artificial intelligence to analyze smartphone images of store shelves to provide timely insight into fast-changing consumer buying patterns. According to Coca-Cola, it used to take a month to collect shelf data manually, and another three months to organize it – way too much time to react to competitive challenges. Using the new technology cuts time and costs, allowing store shelf audits to be conducted every two months instead of twice a year. The company is testing the technology in
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"CPG Brands Are Leveling The Playing Field By Bringing This Digital Tool Into Brick-And-Mortar Retail", Forbes.com, May 31, 2018
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The founders of Wales-based bottled water company Princes Gate Spring Water Ltd. believe they have found “the best partner in Nestlé Waters” to grow their 27-year-old business. Nestlé Waters has acquired a majority stake in the company, hoping to further exploit growing demand for bottled water in the U.K. Founded by two brothers on land farmed by generations of their family, the company sells Princes Gate spring water in the retail and out of home (OOH) channels and under other brand names. It is one of the few U.K. bottling facilities that are 100 percent self-sufficient, thanks to renewable energy from an onsite wind turbine.
"Nestlé Waters acquires majority share in Princes Gate Spring Water Ltd", Nestle, May 31, 2018
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| Products & Brands |
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Chilean dairy producer Soprole has launched a probiotic beverage for children packaged in an 80 ml recyclable Tetra Pak cardboard box. Uno Colación is available in strawberry and multi-fruit flavors in the country’s main supermarkets. The drinks are low in sodium, and sugar- and fat-free. Tetra Pak says this is the first time its container has been used in Chile. The Aseptic 80 ml Slim, designed for children's consumption, is easy to carry and drink from, and is with recyclable cardboard from FSC certified forest sources. Soprole and Nestlé dominate the Chilean dairy market.
"Soprole works with Tetra Pak to launch new probiotic format for children", Beverage Daily, May 24, 2018
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