Global food firms commit to phase out industrial transfats by 2023

SWITZERLAND – Global food and beverage companies and members of the International Food and Beverage Alliance (IFBA) have pledged to phase out industrially produced trans-fat from the global food supply by 2023. The twelve food and beverage giants have agreed to adopt enhanced worldwide commitment to phase out industrially produced trans fats (iTFAs) from their…

Nestle says 77% of its supply chain is ‘deforestation-free’

SWITZERLAND – Global food and beverages giant, Nestle has confirmed that three-quarters of its agricultural commodities are verified as deforestation-free as it strives to achieve the ‘zero-deforestation’ objective. The company said 77% of the raw materials across its supply network are sourced from areas not associated with deforestation. This is part of Nestle’s global commitment…

Nestle’s first-quarter revenues jump 4.3% supported by high-growth categories

SWITZERLAND – Nestle has posted 4.3% rise in revenues in the first three months as the food and drinks giant continues its focus on high-growth categories. The company achieved 3.4% increase in organic growth while total reported sales reached US$21.9 billion (CHF 22.2 billion) for the quarter, positively impacted by net acquisitions and foreign exchange.…

Barry Callebaut achieves traceability of a third of its global cocoa volume

SWITZERLAND – The Swiss cocoa and chocolate company, Barry Callebaut has said that it has established traceability for a third of its global cocoa volume, bringing it closer to achieving its ambitious cocoa sustainability goals. By 2025, the company aims to source 100% of the group’s ingredients sustainably by 2025. This commitment is supported by…

Nestle launches R&D Accelerator to boost innovation and speed-to-market

SWITZERLAND – Nestle has launched a new accelerator with a goal to utilize innovative technologies and systems to bring new products to consumers around the globe. Called Nestle R&D Accelerator, the program seeks to bring together expertise in food and nutrition and speed up innovation to keep up with changing consumer trends. The accelerator will…

Givaudan records a strong start to the year with 4.3% sales increase in flavors

SWITZERLAND – The Swiss flavors and fragrances company, Givaudan has recorded sales of US$1.52 million, a 6.3% increase compared to the previous year boosted by the flavors division. In the first three months of 2019, good growth was achieved across all product segments and geographies while the flavors division reported an increase of 4.3%. The…

Nestle launches new 100% plant-based burger in Europe, plans US debut

SWITZERLAND – The global food and beverage giant, Nestle has announced that it is launching a new 100% plant-based burger in Europe, with plans to roll out the same in the United States. From April, European consumers will be able to enjoy their favorite burger dubbed Garden Gourmet Incredible Burger, which will first debut in…

Tetra Pak partners Microsoft  to develop ‘factory of the future’ in food processing

SWITZERLAND – Tetra Pak in collaboration with global technology firms Microsoft, ABB, SAP and logistics solutions provider Elettric80 has developed “factory of the future” for the digitization of food manufacturing Tetra Pak is set to unveil its “factory of the future” at Hannover Messe 2019 in Germany, where it will showcase how digital technologies are…

COFCO unveils plans to double grain purchases in Black Sea region

SWITZERLAND – Leading agricultural commodities supplier, COFCO International has revealed plans to double the company’s grain purchases in the Black Sea region. A Financial Times report indicated that the plan is part of the global strategy to expand its operations beyond China while serving well customers in this market. According to the chairman of the…

Buhler joins the World Business Council for Sustainable Development

SWITZERLAND – The milling equipment and service provider, Buhler has joined the World Business Council for Sustainable Development (WBCSD), a CEO-led organisation that looks to enhance a sustainable way of doing business. Buhler joins more than 200 company members of the organisation with a focus to address some of the world’s pressing challenges and transform…