business

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12 Apr 2024
--- BGG, a leading Chinese branded ingredient supplier, has revealed plans to create a new global headquarters in Switzerland as a launchpad for international expansion. Operating as BGG World, the company intends to diversify... Read More
11 Apr 2024
--- Germany-based Torg has raised €2.7 million (US$2.9 million) in an oversubscribed seed round to transform F&B sourcing with its AI-powered platform. Through this technology, Torg helps retail and wholesale buyers... Read More
10 Apr 2024
--- Klöckner Pentaplast (kp) has launched “market-first” food packaging trays composed entirely of recycled tray material. Achieving 100% rPET tray was made possible through kp’s Tray2Tray initiative,... Read More
09 Apr 2024
--- Food inflation in the world’s wealthiest nations has fallen to levels from before Russia’s full-scale invasion of Ukraine and declined for 15 consecutive months, reaching 5.3% in February versus 6.3% in January,... Read More
03 Apr 2024
--- Chengdu Bowl, a Singaporean restaurant known for its Chinese cuisine, has announced the introduction of two Solein dishes from Sichuan cuisine to its menu, marking a sustainable shift in traditional food preparation.Solar... Read More
03 Apr 2024
--- Analysts expect the global poultry market to recover after a weak second half of 2023, but geopolitical tensions causing distribution challenges will remain an issue. Meanwhile, leading suppliers are turning to data... Read More
26 Mar 2024
--- The Gujarat Cooperative Milk Marketing Federation (GCMMF) — which markets and sells milk under the “Amul” brand in India — has joined forces with the Michigan Milk Producers Association (MMPA) to sell... Read More
22 Mar 2024
--- Nestlé has announced the launch of two projects in collaboration with its suppliers, Cargill and ETG | Beyond Beans, to move toward environmental sustainability. These initiatives, set to span over five years, are... Read More
21 Mar 2024
--- Arla Foods is investing €210 million (US$ 228.2 million) in its mozzarella cheese production site at Taw Valley in the UK to implement new technologies that are expected to reduce the cheese maturing process from 14... Read More
19 Mar 2024
--- Unilever is spinning off its ice cream division as a standalone business and cutting 7,500 jobs. The separation begins immediately and is part of an overhaul which Unilever says will save around €800 million (US$867.8... Read More
15 Mar 2024
--- Record-high cocoa prices are pushing chocolate makers to increase consumer product prices and reduce product size, fueling the so-called “shrinkflation” trend. In his State of the Union Address last week, US... Read More
15 Mar 2024
--- Tyson Foods will shut down its pork facility in Perry, Iowa, in the US, which is considered to be its economic base. The closure is expected to hugely impact its workforce of nearly 1,200 workers who fear losing their... Read More
08 Mar 2024
--- The World Packaging Organisation (WPO) and the United Nations Industrial Development Organization (UNIDO) have concluded a project aimed at enhancing the food packaging sector in Mongolia and aligning it with international... Read More
07 Mar 2024
--- Cultivated Biosciences, a Swiss biotech start-up, has recently announced the closure of its US$5 million seed funding round. This financial milestone will boost the development of its innovative yeast cream in collaboration... Read More
07 Mar 2024
--- The Red Sea shipping crisis is continuing to hinder trade between Europe and Asia and impact the price and availability of key commodities in the consumer goods sector, including wheat and plastic, according to research by... Read More
04 Mar 2024
--- Olam Agri, an agribusiness in food, feed, and fiber, has acquired Avisen SARL, Senegal’s second-largest poultry feed supplier, for €17.0 million (US$18.45 million). This acquisition marks a step in Olam... Read More
27 Feb 2024
--- The US federal government, backed by several states, is taking legal action to stop the merger between grocery giants Kroger and Albertsons, with aims to prevent what it labels a threat to consumer welfare and market... Read More
27 Feb 2024
--- McDonald’s has unveiled the “WcDonald’s” universe, complete with a new sauce, manga-inspired packaging, original episodic shorts and immersive experiences, in over 30 global markets. WcDonald’s... Read More
23 Feb 2024
--- A café operator based in Essex, UK, has spearheaded the development of a reuse system that promises simplicity and cost-effectiveness while replacing single-use cups. Alasdair Hood and his team have secured... Read More
20 Feb 2024
--- Ag-tech start-up WeedOUT announced the company has successfully secured US$ 8.1 million in A-round funding, with leading investment coming from Fulcrum Global Capital, a US agri-focused venture capital firm known for its... Read More
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