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Target Is Testing App That Highlights Foods Nearing “Best Used By” Dates That Sell At A Discount

A Canadian start-up that developed a food waste app is being tested at select Target stores in the Midwest and with the Loblaw (Canada) grocery chain. The Flashfood app pinpoints food close to the "best used by" or expiration dates so that users can pay via the app and then pick up the deeply discounted food at the store. Flashfood takes a cut of each sale. Stores benefit by selling food that would otherwise be tossed into the dumpster, and consumers benefit by getting lower-priced food that is still perfectly edible. Target’s goal is to reduce overall retail waste by 70 percent by 2020, and is moving forward with strategies that include waste-stream audits and an in-store tracking program to prevent wasted food at some of their stores,

"App aimed at cutting food waste wins pilot at select Target stores", Star Tribune (Minneapolis, MN), October 21, 2018

Land O’Lakes Launches Digital Tool To Help Farmers Get More Sustainable

Land O'Lakes SUSTAIN is to launch Truterra Insights Engine, an interactive digital platform to help farmers and food companies measure their sustainability in real time. The platform combines agronomic expertise and technical capabilities from several contributors, including the USDA's Natural Resources Conservation Service, and combined with other tools can help farmers measure the economic and environmental benefits of their sustainability efforts. It also helps them identify farm management options. The company claims Truterra Insights Engine is better suited to farmers since it was created by a farmer-owned cooperative.

"Land O'Lakes SUSTAIN debuts first-of-its-kind digital platform to support farmer-led stewardship", PR Newswire, September 24, 2018

Hershey Rolls Out New Omnichannel That Blurs Online and Offline

Hershey Co. has a ‘digital’ strategy that is centered on four components, search, content, conversion, and community. It is designed to enhance the company’s competitive advantage and help it succeed in the emerging omnichannel marketplace and holds that there is no offline and online division, but rather a continuum between the two. The initial goal is to convert a purchase, but the long-term goal is repeat purchases and to earn a place on the consumers digital shopping list. Hershey is also experimenting with digital impulse sales.  

"Inside Hershey’s digital strategy", Food Business News, August 30, 2018

 
Innovation & New Ideas  

Nestlé China Doubles Pace Of New Product Launches

Nestlé China has launched several innovation projects this year, twice the number launched in 2017, tailored specifically for Chinese consumers. China’s nutrition, health, and wellness market is Nestlé’s second largest globally. The company’s innovation team is pursuing more than 100 ongoing projects that will deliver “more choices through a variety of healthy products over the next two years.” Nestlé has launched the second generation of its “AI family nutrition assistant” XiaoAi with more than 300,000 pieces of new nutrition, health and wellness interactive content, including personalized recipe recommendations, calorie calculation, and voice ordering. The company also launched its MyNutrition App, Nescafé Shop in Office, and BabyNes’ Smart Milk Powder Leveling Kettle.

"Nestlé China Accelerates Innovation", Nestlé China, October 26, 2018

Market News  

Coca-Cola’s Top “People Officer” Dons Global Ventures Hat

Coca-Cola’s recent acquisition spree led to the creation last month of the Global Ventures group to make sure acquisitions, investments, and partnerships are connected and globally scaled. Heading up the new unit is Jennifer Mann, the company’s “chief people officer,” who has been vice-president and general manager of Coca-Cola Freestyle and chief of staff. In announcing the change, CEO James Quincey said Mann’s unit “will focus on ensuring we get the maximum value from acquisitions and investments” and will also “partner with colleagues around the world to identify and nurture the next series of fast-growing opportunities.”

"Coke creates Global Ventures group to handle recent acquisitions", Food Business News, October 31, 2018

Other  

Coke CEO Sheds Day-To-Day Duties To Focus On The Big Picture

Coca-Cola CEO James Quincey is handing over day-to-day management duties to newly-named chief operating officer and 21-year Coke veteran Brian Smith, 62. He will also take on the title of president, which is held by Quincey. The promotion will take effect in January. The company also named new chief financial officer John Murphy, Asia-Pacific president, who will replace Kathy Waller, 60, in March. The management moves will permit Quincey to focus on the company’s overall strategic direction as more consumers shun sugary soft drinks. Chief Technical Officer Ed Hays, who is retiring in March, will be replaced by Nancy Quan, who holds the same post for Coke’s North America division.

"Coca-Cola makes new appointments in management shake-up", The Financial Times , October 18, 2018

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