PepsiCo reports strong Q1 performance as Deliveroo’s orders more than double

US – US beverage and snack company PepsiCo has reported strong Q1 results with organic net revenues jumping 2.4% and first-quarter net revenues jumping 6.8% to US$14.82 billion. Pepsico’s impressive Q1 performance mainly benefited from accelerated return of the foodservice channel and the acquisitions of Chinese snack company Be & Cheery and South Africa’s Pioneer Foods. This acquisition’s impact could also be reflected in the company’s operating profit stood which jumped 20% to US$2.31 billion, up from US$1.92 billion last year. Division wise, PepsiCo’s Frito-Lay North America unit delivered 3%…

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Diageo, Bacardi launch new products to expand respective ready-to-drink portfolios

UK – Alcohol beverage manufacturing giant Bacardi is expanding its Bombay Sapphire portfolio with the addition of two new ready-to-drink (RTD) gin and tonic offerings. Simultaneously, its UK-based peer Diageo has introduced a new ready-to-drink can of Gordon’s 0.0% alcohol-free spirit mixed with tonic for on-the-go summer occasions. Bacardi’s new Bombay Sapphire and light tonic is made using the brand’s London dry gin, blended with light tonic and is reported to contain only 98 calories. Meanwhile, Bombay Bramble and tonic features the brand’s berry-flavoured Bombay Bramble gin and is said…

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Diageo ups sustainability efforts with launch of new low-carbon glass whisky bottle

UK – UK-based multinational alcoholic beverage manufacturer Diageo has collaborated with glass manufacturer Encirc to trial a glass whisky bottle that can reduce the carbon impact of its bottle production by up to 90%. Research and technology body Glass Futures was also involved in the development process that used waste-based biofuel-powered furnaces to produce the glass for  Diageo’s  Black & White Scotch whisky brand. Aston Fuller, general manager of Glass Futures, said: “Glass is a fully recyclable and highly sustainable product, and through this trial, with Encirc we are seeing…

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Tate & Lyle appoints new Inclusion Officer, launches platform to share stabiliser science expertise

UK – Tate & Lyle PLC (Tate & Lyle), a leading global provider of food and beverage ingredients and solutions, has appointed Lauren von Stackelberg as its new Chief Equity, Diversity & Inclusion (EDI) Officer, effective 19 April 2021. In her new role, Lauren will lead the development of Tate & Lyle’s Equity, Diversity and Inclusion (EDI) strategy, policies, and programs aimed at creating a truly inclusive and diverse culture and workforce. According to a statement from Tate & Lyle, Lauren has a strong track record of leading and delivering…

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Molson Coors transitions UK brewing operations to 100% green energy as battle against cybersecurity threat intensifies

UK – Molson Coors Beverage Company is set to become the first major UK brewer to produce all of its beers and ciders using 100% green electricity. This is after the company signed a ten-year power purchase agreement (PPA) with RWE, which will see all of its UK operations powered by renewable electricity. The move is a major step towards achieving Molson Coors’ 2025 sustainability goals, including its aim to reduce carbon emissions by 50% across all direct operations. The brewer says that the renewable energy deal with RWA sees…

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Bacardi, Manchester Distillery expand alcoholic beverage portfolios with new product launches

EUROPE – Alcoholic beverages giant Bacardi and its much smaller rival Manchester Distillery have introduced new products to expand their respective alcoholic beverage portfolios. Bacardi which is one of the one of the largest privately held, family-owned spirits company in the world has introduced three new ready-to-drink (RTD) offerings, expanding its Martini portfolio. These include Martini Fiero & Tonic and Bacardi, Martini Non-Alcoholic Vibrante & Tonic, and Martini Non-Alcoholic Floreale & Tonic. Martini Fiero & Tonic is described as a “perfectly balanced” drink featuring vibrant citrus notes of Murcia orange…

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Nestlé to halt production at New Zealand facility, develops new sustainable packaging for confectionery in UK

NEW ZEALAND –  Swiss food manufacturing giant Nestlé has announced a proposal to relocate confectionery production from its  Wiri, New Zealand factory to a larger Allen’s factory in regional Victoria, Australia. The company said the relocation of operations at the Wiri site which produces Allen’s chews lollies for sale in Australia would result in up to 45 redundancies. Chris O’Donnell, confectionery general manager at Nestlé, said that the company regretted that the proposal will entail job losses at Wiri and that Nestlé would provide staff with a generous redundancy package…

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Kerry’s Richmond brand launches meat-free meatballs in UK as demand for alternative protein soars

UK – Richmond brand, one of Kerry’s most prominent food brands,  has expanded its Meat-Free range by launching new meat-free meatballs and minces in the UK. The launch comes at a time when there is soaring demand for alternative proteins as consumer tastes and preferences shift away from animal proteins. According to a recently released report by Boston Consulting Group (BCG) and Blue Horizon Corporation (BHC), the alternative protein market including meat, eggs, dairy, and seafood will reach US$290 billion in value by 2035. The study also concluded that alternative…

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UK food industry counts losses as post-Brexit hurdles cause 75% drop in exports to EU

UK – Brexit is coming back to bite the UK food industry with many hurdles presented by the new boundaries between the UK and European Union causing a 75.5% year-on-year drop in food and beverage exports. This is according to the latest figures released by the Food and Drink Federation (FDF) which also revealed a significant drop in exports to international markets in the wake of the UK’s decision to leave the EU. Apart from exports to EU falling, the reports which compared data from January 2021 to January 2020…

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PepsiCo’s Naked Juice launches two new smoothies in UK as Pepsi adds mango to its permanent beverages lineup

UK – PepsiCo’s Naked Juice brand has released two new smoothies in the UK to provide more variety to consumers seeking an easy way of incorporating a variety of fruits into our daily lives. The new products, Naked Rainbow Machine and Naked Berry Lean, feature a range of fruits and vegetables and incorporate a number of Vitamins such as C, E, and B1. Naked Rainbow Machine features a mix of fruits and vegetables including red apple, mango, kiwi, blackberries, blueberries, banana, beetroot and elderberry. The drink which jons the brand’s…

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