Food Industry News : Inspire food Business

SINGAPORE’S SHANDI RAISES $700K IN NEW SEED ROUND TO MAKE PLANT-BASED CHICKEN

24 Aug 2021 Read: 2 min.

Plant-based food-tech company Shandi has closed its second seed round led by Singapore-headquartered Tolaram to raise more than $700,000. The funding will be used to set up a manufacturing facility to commercialise and scale Shandi’s proprietary plant-based chicken products and expand partnerships in the food sector. Tolaram, an emerging markets investor, was joined in the…

EUROPE NEWS

ITALIAN PASTA EXPORTS TO BRITAIN PLUMMET BY 25% AS BRITONS SNUB EUROPEAN FOOD POST-BREXIT

24 Aug 2021 Read: 2 min.

Exports of Italian pasta to Britain have plummeted by 25% as Britons snub European products post-Brexit.

BEVERAGES EUROPE NEWS

ALCOHOL SEES STRONG BREXIT BOUNCE FROM DUTY-FREE FERRY SALES

23 Aug 2021 Read: 3 min.

Duty-free alcohol sales to and from the UK are picking up as more consumers travel to and from the European Union thanks to markets tentatively opening up after Covid. While the pandemic is far from over, travel is increasing, helped by high vaccination rates and easing of restrictions – and alcohol sales across the English…

AMERICAS FOOD PROCESSING

CONSUMPTION OF ULTRA-PROCESSED FOODS RISES AMID US OBESITY EPIDEMIC

23 Aug 2021 Read: 2 min.

Young people in America are getting a greater proportion of their calories from ultra-processed foods, according to a recently published study.

ASIA GROCERY

SWIGGY TO FOCUS ON GROCERIES AS PROFITS HARD TO FIND IN RESTAURANT DELIVERIES

20 Aug 2021 Read: 3 min.

Swiggy, an Indian food delivery company, has said it will shift its focus to grocery deliveries and reduce the proportion of its business accounted for by restaurant meals.

MIDDLE EAST AFRICA

AMBITIOUS AGTHIA GROUP ON ACQUISITIONS HUNT TO SUSTAIN GROWTH AFTER PROFITS JUMP 61%

20 Aug 2021 Read: 2 min.

Agthia Group, the UAE-based food and beverage company, has said it is looking to expand by making acquisitions in major markets in the Middle East and North Africa region.

NEWS

P2P PLATFORM WEFARM TO HELP FARMERS NAVIGATE EFFECTS OF CLIMATE CHANGE

19 Aug 2021 Read: 3 min.

Small-scale farmers traditionally rely on knowledge, which has been passed down from one generation to the next to overcome hurdles such as drought or diseases.

AMERICAS FRUITS & VEGETABLES NEWS

COX BUYS BRIGHTFARMS AFTER LEADING 2020 FUNDING ROUND

19 Aug 2021 Read: 2 min.

company and packaged salads provider. Cox has held a majority stake in BrightFarms since October 2020 when it led a $100 million Series E funding round.

TRADE TALK

CONSUMERS HOLD COMPANIES MOST RESPONSIBLE FOR SUSTAINABILITY ISSUES

18 Aug 2021 Read: 3 min.

Consumers around the world believe companies are the most responsible for a whole host of sustainability issues, but also acknowledge that consumer behaviour can make a difference, according to the latest research from the recently released Mintel Sustainability Barometer.

EUROPE SEA FOOD TOPICS

NO MAJOR ENVIRONMENTAL IMPACT EXPECTED FROM GRIEG SEAFOOD CHLORINE LEAK

18 Aug 2021 Read: < 1 min.

A chemical leak at a Grieg Seafood plant in Norway is not thought likely to cause any long-term harm to the environment.

AMERICAS MEAT NEWS

US CATTLE INDUSTRY COMMITS TO CLIMATE NEUTRALITY BY 2040

17 Aug 2021 Read: < 1 min.

The National Cattlemen’s Beef Association (NCBA) has released sustainability goals which state that US production will be climate neutral by 2040. By setting new goals, the NCBA says it will further enhance the US system and demonstrate global leadership in environmental, economic and social production. The goals outlined for the American cattle industry include the…

TRADE TALK

SPAR INTERNATIONAL ROLLS OUT NEW INTEGRATED GROCERY E-COMMERCE PLATFORM

17 Aug 2021 Read: 3 min.

Spar International, as part of its worldwide digital transformation strategy, is to offer a fully customisable e-commerce platform to Spar country organisations and retailers.

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