Perdue CEO: "The most powerful voice in our society is the consuming public" | Lancaster Colony CEO charts growth plan via innovation, M&A | How Halo Top's founder exploited a market gap to grow by 21,000% in 3 years
August 18, 2017
News for the food, beverage and consumer packaged goods industry
Welcoming feedback from critics allowed Perdue Farms to make positive changes, such as adopting a new animal welfare policy and leading the charge in organic and antibiotic-free poultry. "The most powerful voice in our society is the consuming public," said CEO Randy Day about the firm's commitment to listening to consumers' concerns.
Lancaster Colony leadership aims to boost market share through innovation, renovation, simplifying the supply chain, improving margins and pursuing mergers and acquisitions, said CEO David Ciesinski. The company has "a strong track record of buying businesses and growing them," Ciesinski said.
Halo Top founder Justin Woolverton started making sugar-free frozen yogurt in his kitchen in 2011, but once he realized he had a viable product, he shifted the recipe toward a low-calorie, sugar-free ice cream that didn't already exist in the marketplace. The strategy paid off, driving Halo Top to almost 21,000% growth in just three years.
Calorie count and fat content are the biggest factors driving healthy snack purchases, according to a new study from Nailbiter about on-package claims and consumer behavior. The research also reveals that front-of-pack claims are power drivers in the snack category, as two-thirds of healthy snacking shoppers read front-facing information, while just 50% read back labels.
US food manufacturers are making progress complying with an FDA order to replace partially hydrogenated oils, a key source of artificial trans fat, with healthier oils by June 2018. Food manufacturers had already cut trans fats by 85% in 2015, GMA indicated, and next year is the deadline to completely eliminate them from foods.
Stories about Kraft Heinz's increased innovation output and Whole Foods' meat sourcing proved popular with SmartBrief's food and beverage readers. The week's top story, however, was about how youth-focused chain Chuck E. Cheese debuted a new restaurant format in Texas.
UFC champion Conor McGregor will sport the Monster Energy claw mark on his shorts during his Aug. 26 bout with Floyd Mayweather in what is being billed as the "fight of the century." Monster has extended its two-year-old sponsorship of the fighter, and the brand is touting its support with a 30-second video for digital and television.
Target's efforts to lower prices, enhance grocery and e-commerce offerings, add more fashion-forward items and inspire quick fill-in trips paid off in higher second-quarter sales, the retailer reported Wednesday. Same-store sales rose 1.3% and online sales surged 32%.
The Grocery Manufacturers Association membership team recently launched a Relationship Manager program, which pairs each member organization with a representative to be that company's advocate in the organization. For more information on the Relationship Manager program, contact Larry Gray. Learn more about the GMA membership benefits.
Recent foodborne disease outbreaks attributed to processed foods have renewed focus on the importance of understanding the science behind processing. GMA's Thermal Processing Professional Training Program teaches thermal processing professionals the most up-to-date techniques. For more information and to register, visit our website.