Nestle identifies key trends for future innovation | Mondelez joins forces with The Hatchery | Pez expands product lineup
March 22, 2019
NCA SmartBrief
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Market Trends
Nestle identifies key trends for future innovation
Nestle has earmarked some $2 billion for research and development so its innovation teams can capitalize on the trends it expects to gain momentum over the next 20 years, says Doug Munk, Nestle USA's director of new business ventures. Current focus areas include such trends as keto, allergen-friendly, plant-based, CBD and food as medicine.
FoodNavigator (3/21) 
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Mondelez joins forces with The Hatchery
Mondelez joins forces with The Hatchery
(Mondelez International)
Mondelez International has invested in Chicago-area food incubator The Hatchery to help boost innovation via its SnackFutures venture arm. "Working with The Hatchery, food entrepreneurs will help us push the boundaries of what is possible in snacking as we continue to build our ecosystem of partners while also giving back and offering guidance to new companies," says Mondelez's Tim Cofer.
Crain's Chicago Business (tiered subscription model) (3/21) 
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Pez expands product lineup
Pez this year will introduce two limited-edition "Mr. & Mrs." cacti-shaped dispensers featuring lychee-flavored candy. The company will also add products to its Shopkins, Hello Kitty and Paw Patrol ranges during 2019.
Candy Industry (3/21) 
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SmartBrief Originals
Most Clicked: Take a look at this week's hottest food and beverage industry stories with SmartBrief
Frozen whipped cream, Triscuits enchanted readers this week
A story about the sweet treats that can be shaped using frozen whipped cream topped this week's list of most-read food-and-beverage stories, and Dollar General's self-distribution plan also made the list. Triscuit's first non-cracker snacks and Smartwater's expansion into the flavored seltzer arena also resonated with readers.
SmartBrief/Food & Beverage (3/22) 
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Association News
NCA recognizes Schlott as 2019 Advocate of the Year
The National Confectioners Association recognized R.M. Palmer Executive Vice President and COO Mark Schlott as the 2019 Advocate of the Year at the State of the Industry Conference.
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Confectionery Leadership Awards go to Maly, Panzetta
Weis Markets' Stephanie Panzetta and Casey's General Stores' Cindy Maly were awarded 2019 Confectionery Leadership Awards at the State of the Industry Conference.
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Science & Technology
Reese's offers free 3-cup packs in March Madness promotion
Reese's is offering 70,000 free three-cup packs of peanut butter cups at Purdue University, Louisiana State University, the University of Houston and Texas Tech University to support the third-seeded teams of the March Madness college basketball tournament. Reese's aims to turn "the dreaded 3-seed position into a coveted spot" despite statistics that show teams seeded third only have a 3% chance to win the tournament.
USA Today (3/21) 
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Walmart using Jetblack to mine a trove of shopper data
Jetblack, Walmart's delivery startup in New York City that launched last year, is giving the company a sea of data about high-end customers, even though it's not a profitable venture. Walmart hopes to rival Amazon by using the shopping data to build better automated customization for shoppers.
The Wall Street Journal (tiered subscription model) (3/21) 
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Calif. Whole Foods stores join energy management program
Calif. Whole Foods stores join energy management program
(Justin Sullivan/Getty Images)
Three Whole Foods Market locations in California will join the state's energy demand management project, relying on Axiom Exergy's Refrigeration Battery to manage power use. In taking part, the stores will be eligible for financial incentives for reducing their consumption at peak times.
Progressive Grocer (3/19) 
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Rear Adm. Grace Murray Hopper,
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March is Women's History Month

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The news reported in SmartBrief is a collection of articles originating from news outlets in the U.S. and around the world, and does not reflect the official position of NCA.
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