Nestle, Carrefour expand blockchain traceability platfrom to infant formulas

FRANCE – Nestlé and French multinational retailer, Carrefour have agreed to extend the IBM Food Trust platform into infant formula products, after successfully applying the blockchain technology on mashed potato brand, Mousline purée. Nestlé and […]

Plant based foods, regenerative agriculture among top food trends for 2020

USA – The food and beverage industry is emerging as a high-growth, high-profit industry with huge potential, especially in the food processing, packaging and functional foods segment. Technological breakthroughs have enabled manufacturers to face a […]

Uchumi Supermarkets receives US$6.39m write off in financial restructuring plan

KENYA – Kenyan retailer, Uchumi Supermarkets has been granted leeway by commercial banks who have agreed in principle to write off and restructure a debt settlement plan of outstanding credit owed by the Supermarket chain […]

Indian snack and confectionery brand Haldiram’s expands in the US with Amazon

USA – Haldiram’s, an Indian sweets and snacks manufacturer has partnered with Amazon’s Global Selling Program in a bid to help the company expand and increase its penetration into the US market. The deal with […]

Private equity firms to invest US$785m in Asia’s food and beverage industry

ASIA – Global private equity firms have launched a series of funds that will see the companies invest upto US$785 million in the food and beverage industry across various markets in Asia. Bahrain-based alternative asset […]

Food Safety and Standards Authority of India bans sale of junk food in schools

INDIA – The Food Safety and Standards Authority of India (FSSAI) has framed Food Safety and Standards (Safe food and healthy diets for Schoolchildren regulations 2019) to clamp down on consumption of unhealthy food by […]

Coca-Cola European Partners acquires minority stakes in two delivery start-ups

EUROPE – Coca-Cola European Partners (CCEP), through its innovation investment fund CCEP Ventures, has invested in two delivery startups in a bid to explore use of intelligent systems in strengthening its supply chain capabilities. CCEP […]

Kind acquires Creative Snacks to expand in the health and wellness market

USA – New-York based snacks manufacturer, Kind Healthy Snacks has acquired Creative Snacks as the company seeks to expand its share of the healthy snacking market through a new broadened product portfolio and multi-brand approach. […]

Singapore mulls ban of advertisements for sugary drinks to curb diabetes

SINGAPORE – Singapore plans to implement a ban on advertisements of certain fizzy drinks and juices as part of a raft of measures to curb high diabetes rates associated with consumption of sugar. As one […]

Walmart chief executive for US Greg Foran to step down early 2020

USA – Walmart Inc has announced that its chief executive in charge US operations, Greg Foran will be leaving the company at the end of January 2020. The American retailer has appointed the head of […]