How food startups are navigating the coronavirus pandemic | Thrive Market CEO: How we are handling high demand | Bolthouse Farms' beverage sales increase significantly
April 2, 2020
The Food Business School SmartBrief
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The Business of Food
How food startups are navigating the coronavirus pandemic
(Enlightened)
Food startups are adopting new strategies to adjust to challenges such as supply chain disruption, store closures and layoffs stemming from the coronavirus pandemic, Monica Watrous writes. Beyond Better Foods -- the maker of Enlightened ice cream -- is delaying innovation and selling more products online, Koia is adjusting the supply chain for its plant protein beverages and cereal brand Three Wishes ramped up production by ordering five months worth of inventory.
Full Story: Food Business News (free registration) (4/1) 
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Thrive Market, a member-based online natural food retailer, says it has taken a number of steps to cope with unprecedented demand caused by the coronavirus outbreak and the drastic changes it has brought. CEO Nick Green discusses how the company weathered the initial storm and the procedures it has put into place to keep workers safer, and customers happier, as a new normal of shopping patterns starts to settle in.
Full Story: Supermarket News (free registration) (3/30) 
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Sales of beverage brands from Bolthouse Farms are hitting triple-digit growth with consumers seeking sources of vitamin C during the pandemic, said CEO Jeff Dunn. Sales for the company's C-Boost and Green Goddess lines have increased 200 to 300% due to their "immune-boosting functionality," he added.
Full Story: FoodNavigator (3/31) 
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Bevy of new plant protein beverages come to market
(Oath Life)
Consumer interest in the nutritional value of plant-based proteins is spurring continued innovation in the beverage sector, Donna Berry writes. New plant protein beverage offerings include almond and pumpkin seed protein-based Oath, whey-enhanced Protein 20 water and Koia Coffee, she adds.
Full Story: Food Business News (free registration) (4/1) 
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Capital Gains
Allset, an app that lets consumers order ahead for dine-in or pickup at restaurants, has closed an $8.25 million Series B funding round. The startup recently added a contactless takeout option, and the new round brings its total funding to $16.6 million.
Full Story: TechCrunch (tiered subscription model) (3/31) 
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SmartBrief Originals
Restaurants around the country are experimenting with America's beloved burger, with options like the No Regrets Burger from Chicago's Heritage Restaurant and Caviar Bar made with duck rillettes, egg, gold leaf and bowfin caviar. Comfort and creativity combine with a mac & cheese burger at Truffles n Bacon Cafe in Las Vegas, while North Carolina's The Cowfish blurs the lines between sushi and burgers.
Full Story: SmartBrief/Food & Travel (4/1) 
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Food Meets Tech
DoorDash is partnering with more than 2,000 grocery stores in the US to deliver items to people age 60 and older without fees. Grocery technology and delivery startups Freshop, Rosie, Mercato and GrocerKey are also part of the initiative.
Full Story: Supermarket News (free registration) (3/27) 
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Innovation Roundup
Leading the Change
Gerber Group, which operates more than a dozen bars and eateries in markets including New York City, has continued ordering in bulk from suppliers so that its shuttered properties can support laid-off employees as food pantries. Individual restaurants are also doing their part, with businesses such as Brooklyn's Greenpoint Fish & Lobster offering free meals to members of the community who are currently out of work.
Full Story: Food & Wine (3/2020) 
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With most of the country's restaurants offering only delivery or take-out, the online reservation service Open Table is working with partners in California to offer users reservation times for local food stores. The procedure is similar to booking restaurant reservations, and Open Table is currently working with six restaurants that have become pop-up markets and one local grocer, with officials saying the company is in talks to bring the service to other stores as well.
Full Story: The Verge (3/30) 
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FBS News Feed
Are you ready for the future of food? Check out FBS' online foodbiz courses
(The Food Business School)
Whether you're growing a food business or considering launching one, our open enrollment, online courses will provide the skills you need to advance your career or business' success. See what we have cooking below, plus save by bundling all three for $379 or per class for $149. Discussion forums are open through mid-May!
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Interested in the business of wine and beverage? Learn more about The CIA's wine management degree program
(The Food Business School)
Gain advanced sensory knowledge, sharpen beverage management skills, and strengthen the all-important wine connections you need to excel. Whether you're already working in beverages or aspire to, The CIA's master's degree in wine management will prepare you to innovate and lead in the world of wine. Accepting applications now for Fall 2020 -- get started today!
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The Culinary Institute of America The Food Business School (FBS) is the executive education center of The Culinary Institute of America—and the world’s first business school dedicated to food entrepreneurship and innovation. Established to meet the growing interest and need for broad food-system transformation, FBS is built for future leaders ready to tackle the planet’s most pressing food challenges—and its greatest business opportunities.
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