It seems that technology is creeping into every aspect of our lives. My father-in-law was in or near the trucking industry his entire life. He could maneuver an 18 wheeler like it was a child’s toy. I bet he never ever dreamed that a computer guided driverless truck would be invented. Read more >
With bipartisan support, the Roberts-Stabenow Bill passed and is on its way to President Obama for a signature. The bill is intended to bring clarity to the definition and labeling of genetically modified foods. It provides for uniform labeling requirements – rather than a patchwork of state-imposed labeling laws, like the one that went into effect in Vermont on July 1, 2016 Read more >
Consolidation is something that occurs in every industry. Aggressive, ambitious players grow then merge and either become the dominant player in the marketplace or get acquired themselves by an even larger entity.
But right behind them are upstarts that bring new life to the space by offering niche, creative and inspiring methods of reaching the ever changing desires of the consumer. The behemoth corporation can’t or won’t make changes fast enough to accommodate the desires of its clients.
If coffee is a star commodity, then its recent price trend is anything but famous, having dropped 42% this past year. Our friends at the popular coffee shop, however, are raising their prices on average 1-2% or 5-20 cents per drink. They claim other factors like wages and rent are forcing the increase. Last quarter they also had an 18% boost in profits. It’s nice if you can command that extra return on your investment while maintaining a sales increase of 7% last year. Read more >
In baseball, the cleanup hitter is the one who bats fourth and (theoretically) clears the bases with his home run. Food manufacturers these days are talking about cleaning up their labels. What exactly does the term ‘Clean Label’ mean? It depends on who you ask.