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Subject:
FOOD COMPANIES
Period: August 15, 2020 to September 15, 2020
Geographies:
Worldwide
Categories:
Comment & Opinion or Companies, Organizations or Consumers or Controversies & Disputes or Deals, M&A, JVs, Licensing or Earnings Release or Finance, Economics, Tax or Innovation & New Ideas or Legal, Legislation, Regulation, Policy or Market News or Marketing & Advertising or Other or People & Personalities or Press Release or Products & Brands or Research, Studies, Advice or Supply Chain or Trends
Contents
 

Nature's Path Unveils Superfood Granolas, Oatmeal Cups


The Canadian cereal and snack maker’s new line includes two granolas and two RTD oatmeal cups containing several functional ingredients. The “superfood” line includes Golden Turmeric Superfood Granola, a “cookie-like” granola with clusters made from gluten free oats and cashews, as well as turmeric (anti-inflammatory) and avocado oil; and Smoothie Bowl Superfood Granola strawberries, raspberries, blueberries, and super greens spirulina, barley grass, wheatgrass, broccoli, chlorella, kale, and spinach. 

"Nature's Path Packs a Nutritious Punch With New Superfood Line", PR Newswire , September 08, 2020

Nestlé To Invest Millions In Transition From Use Of Virgin Plastics


The company plans to invest $30 million in the Closed Loop Leadership Fund, a private equity fund of Closed Loop Partners, to help support the shift from virgin plastics to food-grade recycled plastics across the U.S. The goal is to upgrade U.S. recycling infrastructure and secure access to food-grade recycled plastics. It is the first investment from Nestlé’s sustainable packaging venture fund, which was established earlier this year as part of its CHF 2 billion ($2.2 billion) sustainability commitment. The company plans to make 100 percent of its packaging recyclable or reusable by 2025, and reduce its use of virgin plastics by one third. Closed Loop will use the money to finance acquisitions of companies advancing circular economies in the U.S.

"Nestlé invests $30m in U.S. recycling initiative Closed Loop", FoodBev Media , September 08, 2020

Small Giants Introduces Savory Snack Made With Cricket Flour

The bite-sized savory crackers from the London, U.K.-based snack food start-up are made with cricket flour, a sustainable source of protein, which the founders claim is “a great way to eat insects without the yuck factor.” Company founders Edoardo Imparto and Francesco Majno say their mission is to make consumers aware of the benefits of insect-based snacking to the planet and people’s health. “Small Giant Crackers are the best way to try insects for the first time – and fall in love with them,” says Majno. The oven-baked snacks, available in three umami flavors in 40-gram packs, are made with 15 percent cricket flour. Other ingredients include extra virgin olive oil and wheat flour.

"Small Giants launches insect-based snacks", Nutrition Investor, September 05, 2020

Camacho To Leave Danone For Greener Pastures

After 20 years at Danone, the head of the dairy and plant-based food and beverage unit is leaving to pursue “outside opportunities.” Francisco Camacho has served in a variety of leadership roles at the company, most recently as EVP of Essential Dairy and Plant-Based (EDP) International. Prior to that he was EVP of Danone’s global waters business and chief growth and innovation officer.

"Longtime Danone leader to depart", Food Business News, September 04, 2020

Coca-Cola’s Restructuring Aims To Streamline Operations Globally

As part of the comprehensive reorganization initiative announced last week, Coca-Cola is pruning its Africa business unit from the previous Europe, Africa & Middle East division and making it a distinct operation led by Bruno Pietracci, current Africa & Middle East business unit president. Europe will also stand on its own, led by Nikos Koumettis. The Middle East operations will be combined with Eurasia. Vamsi Mohan Thati, head of the South Pacific business unit, was appointed president of the Greater China business comprising mainland China, Hong Kong, Taiwan, Macau and Mongolia. South Korea will be paired with Japan as a single unit. Latin America, Europe, and North America will also have new operational leaders. Lastly, T. Krishnakumar, president of the India and Southwest Asia business unit, was named chairman of Coca-Cola India, and Sanket Ray, COO of the Mainland China business, was named president of India and Southwest Asia.

"The Coca-Cola Co splits off Africa in structural overhaul", just-drinks, September 04, 2020

Coca-Cola’s Reorganization Elevates Three Executives


Three key leadership appointments were announced in the wake of the company’s recent reorganization into an entity that is highly networked, less hierarchical, and built for future growth. Henrique Braun of the Brazil business unit was named president of the new Latin America Operating Unit; Nikos Koumettis, president of the Europe, Middle East & Africa group, was named president of Europe Operating Unit; and Nancy Quan, who oversees the company’s technical and supply chain community, will lead the combined innovation and technical function, following the February 2021 retirement of chief innovation officer Robert Long.

"The Coca-Cola Company Announces Key Leadership Appointments", Coca-Cola, September 01, 2020

Nestlé Appoints New CEO Of Central And West Africa Business

The company appointed Mauricio Alarcon, a twenty-year Nestlé veteran with an “in-depth understanding” of Central and West Africa. Alarcon joined Nestlé Mexico in 1999 and has held various roles within the global business since then. He became the managing director of Nestlé Nigeria, the largest Nestlé operation in the region, in 2016. Before that he served as managing director of Nestlé Côte d’Ivoire, and also headed Nestlé’s operations in Senegal, Guinea, Guinea Bissau, Gambia, Mauritania, and Cape Verde. Alarcon succeeds Rémy Ejel.

"Nestlé names Mauricio Alarcon as CEO of Nestlé Central and West Africa", FoodBev Media , September 01, 2020

“Beverages For Life” Strategy Is Inspiration For Coca-Cola’s Latest Reorganization

The Atlanta-based company’s newest reorganization helps implement the strategy of ensuring there’s a Coca-Cola beverage for consumers at every life stage and for every occasion. The reorganization – which affects operations, beverage categories, and services – will drive growth by balancing the “power of scale” with deep local marketing information. Nine new tightly-interconnected operating units will replace the current 17, offering more consistency in structure, less resource duplication, and faster scaling of new products. The company has settled on five global categories that show the strongest consumer opportunities: Coca-Cola; sparkling flavors; hydration, sports, coffee, and tea; nutrition, juice, milk, and plant; and a catch-all “emerging categories.” The company expects that the reorganization will require layoffs globally, but it has initiated a “voluntary separation program” offering employees a separation package. The severance programs could cost as much as $55 million, ...  More

"The Coca-Cola Company Announces Strategic Steps to Reorganize its Business for Future Growth", Coca-Cola , August 28, 2020

Coca-Cola Names Alfredo Rivera As New President Of Coke NA


The 59-year-old Rivera, who has worked at the company for 23 years, replaces the retiring James L. Dinkins, who has served as president for two years. Rivera has managed the company’s Latin America group, which includes 40 countries, since 2016. He joined the company in 1997 in the Central America and Caribbean Division as a district manager for Guatemala and El Salvador, and in various capacities in Brazil, Ecuador, and Mexico before being named president of the Latin Center business unit. Dinkins will serve as a senior advisor to the company until his retirement in February 2021. 

"Alfredo Rivera Named New President of Coca-Cola North America", Business Wire , August 24, 2020

Nestlé Waters NA Factories In California Earn Water Stewardship Honors

The Connecticut-based company’s Ontario, Calif., factory received the platinum rating, highest attainable certification, from the Alliance for Water Stewardship. The company said all five California Nestlé Waters factories and all seven Arrowhead spring water factories were certified under the standard. The AWS standard measures responsible water stewardship across social, cultural, environmental, and economic criteria. Independent auditors look at the watersheds where sites are located, rating water quality, water quantity, and the health of important water-related areas. The AWS is a global membership-based collaboration that unites organizations promoting responsible use of freshwater.

"Nestlé Waters Becomes First Food and Beverage Company in the World to Earn Platinum Rating under the Alliance for Water Stewardship Standard", Nestlé, August 20, 2020

 
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