Food Industry News : Inspire food Business

US GROCERY BUDGETS PREDICTED TO RISE BY 14% IN 2022, ACCORDING TO NEW SURVEY

28 Dec 2021 Read: 3 min.

American consumers expect to spend around 14% more on their grocery shopping in 2022, according to a new consumer survey from KPMG.

AMERICAS BEVERAGES NEWS ORGANIC & WELLNESS

GREEN COFFEE COMPANY EASILY COMPLETES $9.6 MILLION FUNDING ROUND AND UPSIZES

28 Dec 2021 Read: 2 min.

Colombia’s Green Coffee Company (GCC) has closed an initial and well subscribed $9.6 million Series B funding stage, bringing over 180 individual investors into the business.

AMERICAS NEWS ORGANIC & WELLNESS

WALMART SUPPLY CHAIN PLAN NOW TARGETS EMISSIONS CUTS AS PART OF 1.5 DEGREE PATHWAY

27 Dec 2021 Read: 3 min.

The world’s biggest grocer retailer, Walmart, has moved to the next phase in its path to cut one billion metric tons (a gigaton) of greenhouse gas (GHG) emissions from its global supply chain by 2030.

OCEANIA TRADE TALK

WOOLWORTHS DOWNGRADES PROFIT FORECAST BUT LONG-TERM OUTLOOK UNAFFECTED

27 Dec 2021 Read: 2 min.

An easing of Covid-19 restrictions has caused Woolworths Group, the Australian supermarket chain, to lower its forecast for revenues from its food business.

TRADE TALK

HOT DRINKS INDUSTRY ENJOYING FAST GROWTH WITH REVENUES SET TO REACH €228 MILLION BY 2026

24 Dec 2021 Read: 2 min.

The hot drinks industry is set to be worth more than a quarter of a trillion dollars within five years, according to a newly published report.

ASIA NEWS

HUNGRYPANDA SHOWS INVESTORS’ HUNGER FOR FOOD DELIVERY AS IT RAISES $130M

24 Dec 2021 Read: 3 min.

HungryPanda, a company that delivers Asian food and groceries, has raised $130 million (€114.8 million) in its latest round of funding as it looks to further expand the number of cities in which it operates.

AMERICAS

PEPSICO FOUNDATION PLEDGES $100M TO EXPAND FOOD AID PROGRAM GLOBALLY

23 Dec 2021 Read: 3 min.

The PepsiCo Foundation has announced plans to expand its Food For Good program, to address hunger globally, pledging $100 million in new food security initiatives and sustainable agriculture development by 2030.

AMERICAS DAIRY PRODUCTS FRUITS & VEGETABLES GROCERY MEAT NEWS ORGANIC & WELLNESS

CANADA’S FOOD PRICES TO RISE BY UP TO 7% IN 2022: REPORT

23 Dec 2021 Read: 2 min.

The study, Canada’s Food Price Report 2022, says that number of issues are driving the price hike.

BEVERAGES NEWS

NEW IWSR REPORT REVEALS TOP TRENDS SET TO DRIVE GLOBAL BEVERAGE ALCOHOL INDUSTRY IN 2022

22 Dec 2021 Read: 4 min.

The latest IWSR analysis shows the key drivers that will shape the landscape of the global beverage alcohol market next year.

EUROPE NEWS

UK FOOD AND DRINK EXPORTS TO EU PLUNGE 24% – WITH COVID AND BREXIT BLAMED

22 Dec 2021 Read: 2 min.

The UK's Food and Drink Federation is blaming Covid and Brexit for a 23% drop in British food and drink exports to the European Union in the first three quarters of 2021.

AMERICAS TRADE TALK

FULL HARVEST SECURES $23 MILLION FUNDING TO REDUCE ON-FARM FOOD WASTE

21 Dec 2021 Read: 3 min.

Full Harvest, a business-to-business marketplace specialising in surplus and imperfect produce, has announced the close of a $23 million (€20.44m) Series B round of growth financing, which it will will use to further build its online marketplace, advance its data and market insights offerings, and triple its technology and product team in 2022.

AMERICAS BEVERAGES NEWS ORGANIC & WELLNESS

JM SMUCKER SELLS ORGANIC DRINKS AND GRAINS BUSINESSES FOR $110 MILLION

21 Dec 2021 Read: 2 min.

Pet food, coffee and foods producer JM Smucker is offloading its natural and organic beverage and grains businesses to Nexus Capital Management in a cash transaction valued at $110 million.

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