Food Industry

In other beverage news, cannabis producer 1906 is targeting Gen Z consumers looking to eschew alcohol with its THC-infused additive.

The latest round of job cuts comes as the plant-based meat sector has seen demand slow, forcing companies to shrink their staff and strengthen their finances.

Companies such as PepsiCo and Mondelēz haven’t seen an impact on business, while Healthy Choice maker Conagra sees the medications as a boon for some of its products.

The seltzer maker aims to stand out in the trendy category with fresh juice-infused drinks, eschewing the gut-health approach of rivals.

All 287 workers at the Frito-Lay manufacturing factory in Liberty, New York, will be let go by June 6, according to a WARN notice filed with the state.

Brands including White Claw and Truly are leaning into premium spirits or cutting booze altogether as consumers clamor for nonalcoholic options.

Hein Schumacher is stepping down on March 1 after less than two years in the role. He will be replaced by CFO and 37-year company veteran Fernando Fernandez.  

Meredith McFadden, who most recently served as CEO of The Kraft Heinz Not Co., is tasked with steering the company through the slumping category.

Three-quarters of Acosta survey respondents said they recently bought at least one natural or organic item, but 40% think the terms mean the same thing.

Mondelēz, Conagra and Diageo are among the CPG manufacturers that have taken steps to position their businesses should duties on Mexico and Canada go into effect.