Beverages: Page 32
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Christopher Doering/Food Dive
Why Nestlé is confident its portfolio overhaul has primed it for success
North America CEO Steve Presley said the CPG is in a stronger position despite an unpredictable environment after turning over 40% of its U.S. business to focus on faster-growing, trendier offerings.
By Christopher Doering • Sept. 19, 2022 -
Courtesy of Coca-Cola
Alcohol is in ‘the experimentation bucket’ for Coca-Cola, CEO says
James Quincey told analysts the beverage giant wants to see whether early innovations gain traction before deciding whether to invest larger sums of money and make booze a bigger part of its future.
By Christopher Doering • Sept. 16, 2022 -
Trendline
Mergers and acquisitions
Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.
By Food Dive staff -
Scott Olson via Getty Images
Beam Suntory to invest $400M in sustainable expansion of Jim Beam distillery
The project will increase the Kentucky facility’s capacity by 50% while cutting its greenhouse gas emissions in half.
By Christopher Doering • Sept. 16, 2022 -
Soda increases cancer death risk 5%, study finds
Researchers at the American Cancer Society correlated higher body mass indices of regular sugary drink consumers with variations of the disease related to obesity.
By Megan Poinski • Sept. 16, 2022 -
Sean Gallup via Getty Images
PepsiCo, ADM partner to cut carbon through regenerative agriculture
Once implemented, the companies said projects could reach 2 million acres of farmland by 2030 and eliminate 1.4 million metric tons of greenhouse gases.
By Christopher Doering • Sept. 15, 2022 -
Courtesy of SodaStream Canada
PepsiCo rebrands SodaStream to better recognize interests like mixology
A top-to-bottom revamp for the sparkling water subsidiary, including two new high-end beverage making machines, highlights the brand’s push toward premiumization.
By Peter Adams • Sept. 13, 2022 -
Courtesy of Nestle
Nestlé entering animal-free dairy with milk-like products
The food and beverage giant is debuting chocolate and plain offerings made with protein from Perfect Day in the U.S. later this year as part of a test-and-learn.
By Christopher Doering • Sept. 12, 2022 -
Courtesy of Keurig Dr Pepper
Keurig’s new brewer aims to replicate coffeehouse experience at home
The K-Café Smart machine is Keurig Dr Pepper’s biggest step yet to stoke future demand for the popular coffee platform responsible for more than a third of the company’s annual sales.
By Christopher Doering • Sept. 8, 2022 -
Retrieved from Eat the Change.
Seth Goldman’s Eat the Change announces flavors for new tea brand
Varieties of Just Ice Tea, which are expected to hit shelves later this year, include a few of the most popular extensions under the Honest tea line being discontinued by Coca-Cola.
By Christopher Doering • Sept. 7, 2022 -
Courtesy of Kidfresh
ColumnLeftovers: Kidfresh makes wine to take the edge off mealtime whining; Old El Paso pockets tortilla mishaps
The frozen meal company partnered with Ancestry Cellars to give a more adult dimension to those bites kids didn’t eat, and Evil Genius Beer Company worked with Auntie Anne’s to make a buttery Oktoberfest brew.
By Food Dive staff • Sept. 2, 2022 -
Courtesy of PepsiCo
Gatorade debuts its first-ever caffeinated energy drink Fast Twitch
The beverage, which has no sugar or carbonation, contains 200 milligrams of caffeine and B vitamins. It will hit store shelves in February.
By Christopher Doering • Sept. 1, 2022 -
Courtesy of Neutral Foods
Neutral Foods gets $12M for zero-carbon dairy expansion
The sustainable milk brand backed by Bill Gates, Mark Cuban and LeBron James plans to double the number of stores in which it is sold by the end of the year.
By Megan Poinski • Aug. 31, 2022 -
Beer industry’s efforts to embrace regenerative agriculture face ‘significant hurdles’
While most agree action needs to be taken to curb emissions, Rabobank said progress is being slowed by a lack of consensus, limited financial incentives and difficulty measuring progress.
By Christopher Doering • Aug. 31, 2022 -
Justin Sullivan via Getty Images
Carbon dioxide shortage threatens beer and food manufacturing
High demand for beverages and contamination at a natural source have tightened supplies of the gas, which may continue in coming months.
By Megan Poinski • Aug. 29, 2022 -
Permission granted by Hain Celestial
Hain Celestial CEO: Demand for health and wellness products strong despite recent ‘softening’
Mark Schiller said his company tends to be “the opening price point” for natural and organic, giving consumers brands to turn to even if they decide to trade down.
By Christopher Doering • Aug. 29, 2022 -
Elena Perova via Getty Images
Smaller brands’ path to consumer loyalty lies through differentiation
Still, despite the need to compete against big brands, NielsenIQ found the pace of innovation is slowing among small and midsize offerings in the U.S.
By Samantha Oller • Aug. 25, 2022 -
Courtesy of Celsius
Q&AWhat PepsiCo’s $550M Celsius deal means for the energy drink brand
Celsius CEO John Fieldly detailed how the investment and distribution agreement could impact the energy drink’s growth potential.
By Chris Kelly • Aug. 25, 2022 -
Courtesy of Casa Azul
BodyArmor co-founder launches premium canned cocktail Casa Azul
Amid soaring demand for on-the-go offerings, the tequila soda from Lance Collins aims to set itself apart from other RTD products by using real spirits instead of malt liquor.
By Christopher Doering • Aug. 23, 2022 -
Christopher Doering/Food Dive
Coca-Cola names new North America division president
Company veteran Jennifer Mann will take over the post in January from Alfredo Rivera. Currently, she is responsible for scaling acquisitions and brands, including Costa Coffee and Coke’s investment in Monster.
By Christopher Doering • Aug. 23, 2022 -
Permission granted by SunOpta
How SunOpta achieved record sales and growth amid inflation
There are two keys to the success of the plant-based beverage and organic fruit company, CEO Joe Ennen said: execution and a carefully curated portfolio.
By Megan Poinski • Aug. 23, 2022 -
Christopher Doering/Food Dive
Keurig Dr Pepper denies reported talks to buy Bang Energy drink owner
In a statement, the beverage giant said it was “currently not pursuing an acquisition,” but added that M&A and brand/distribution partnerships will remain a key part of its growth strategy.
By Christopher Doering • Updated Aug. 19, 2022 -
vgajic via Getty Images
Consumers mix up tactics to meet food needs amid inflation
From buying store-brand baking goods to splurging on beer, shoppers aim to satisfy both quantity and quality requirements, according to IRI.
By Samantha Oller • Aug. 17, 2022 -
Courtesy of Laird Superfood
Plant-based food maker Laird Superfood gets $3 per share takeover offer
The company said it will review the proposal from EF Hutton SPV I LLC and determine the course of action “that it believes is in the best interests” of its business and shareholders.
By Christopher Doering • Aug. 17, 2022 -
LordRunar via Getty Images
Ball shutters beverage can plants as alcohol demand declines
The facilities in Arizona and Minnesota, which have a combined net capacity of nearly 4 billion units, are both set to cease production by spring 2023.
By Megan Ruggles • Aug. 17, 2022 -
Permission granted by Eat the Change
Seth Goldman’s Eat the Change raises $14.5M to help launch Just Ice Tea
The funding will be used to set up and scale production, with a national brand rollout in some major retailers slated for October.
By Christopher Doering • Aug. 15, 2022
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