Food Industry News : Inspire food Business

ACTION NEEDED TO CURB INFLATION OF UK FOOD PRICES, WARNS FDF BOSS

26 Oct 2021 Read: 3 min.

The UK risks returning to record rates of inflation not seen since the 1970’s if urgent action to curb inflation isn’t taken soon. So says the outgoing chief executive of the Food and Drink Federation (FDF), Ian Wright, speaking to the Business, Energy and Industrial Strategy Committee on 19 October.

BEVERAGES EUROPE NEWS

LVMH’S MOËT HENNESSY INVESTS €20 MILLION IN NEW CHAMPAGNE RESEARCH FACILITY

26 Oct 2021 Read: < 1 min.

The wines and spirits division of French luxury group LVMH has inaugurated a new centre to study all aspects of viticulture in relation to Champagne production. The category is core to the drinks division which generated sales of €4.8 billion in 2020.

AMERICAS BEVERAGES NEWS ORGANIC & WELLNESS

FETZER BOOSTS ‘CLIMATE SMART’ POSITIONING WITH SOARING B CORP SCORE OF 130

25 Oct 2021 Read: 3 min.

California’s Fetzer Vineyards has scored a high 130 in a new B Corp evaluation reflecting the wine company’s ongoing commitments to regenerative agriculture and climate-related practices.

OCEANIA

MAJOR FIRMS SIGN UP TO AUSTRALIAN FOOD PACT, WHICH AIMS TO HALVE WASTE BY 2030

25 Oct 2021 Read: 2 min.

Some of Australia’s largest food companies have signed up to a scheme that aims to cut the country’s food waste by half over the next decade.

ASIA GROCERY

COSTCO PROMISES MORE STORES FOR CHINA AFTER SUCCESSFUL DEBUT IN SHANGHAI

22 Oct 2021 Read: < 1 min.

The wholesale market in China is booming and one company performing well is Costco. The US chain announced that its first store in China, which opened in Shanghai in 2019, had first-year sales of €266 million.

AMERICAS SEA FOOD

CHILE’S SALMON AND TROUT EXPORTS SURGE 33% AS PRICES RECOVER

22 Oct 2021 Read: 2 min.

Chile experienced a one third increase in the value of its salmon and trout exports in the third quarter of this year, according to newly released figures.

ASIA FOOD PROCESSING NEWS ORGANIC & WELLNESS

ADM AND VLAND TIE UP TO TAP $1 BILLION CHINESE MARKET FOR PROBIOTICS

21 Oct 2021 Read: 2 min.

New York listed nutrition solutions provider ADM and enzymes and probiotics maker Qingdao Vland Biotech Group have agreed to form a joint venture to serve growing Chinese demand for human probiotics. The deal is subject to regulatory approval and is expected to launch in the first half of 2022.

GROCERY

TESCO OPENS FIRST CHECKOUT-FREE STORE, ‘GETGO’

21 Oct 2021 Read: 3 min.

Tesco has opened its first checkout-free store in central London, giving customers the opportunity to shop and pay without scanning a product or using a checkout. This new store trial, GetGo, offers customers the same Tesco products with a seamless shopping experience. The rollout of this technology to Tesco Express High Holborn follows a successful…

EUROPE GROCERY

FRANCE TO BAN PLASTIC PACKAGING FOR MANY FRUITS AND VEG BY JANUARY 2022

20 Oct 2021 Read: 2 min.

The French government has announced that it is to ban the use of plastic packaging for many fruits and vegetables from January 2022, in a bid to reduce plastic waste, and part of a plan to eliminate it by 2040.

FROZEN PRODUCTS

DELOITTE REPORT FINDS PRICE IS DRIVING STRONG FROZEN FOOD SALES

20 Oct 2021 Read: 2 min.

More consumers are being driven to buy frozen food because they perceive it to be cheaper, new research by Deloitte has found.

ASIA BEVERAGES NEWS

SINGAPORE RESTRICTS DINING IN OVER 1,000 COFFEE SHOPS TO THE FULLY VACCINATED

19 Oct 2021 Read: < 1 min.

Singapore’s Food Agency has instigated new rules directed at coffee shops and hawker centres that mean only fully vaccinated consumers are allowed to dine in at coffee shops and canteens.

BEVERAGES EUROPE NEWS ORGANIC & WELLNESS

BREWERY COALITION TAKES CLIMATE CRISIS STAND AHEAD OF COP26

18 Oct 2021 Read: 3 min.

Led by Toast Ale, 25 brewery players across the UK and Ireland – including Guinness and Adnams – have signed an open letter calling on world leaders meeting at COP26 to work together to combat the climate and nature emergency.

Inspire Food Business

Inspire
Food
Business