By Alec Mattinson2021-02-02T08:57:00+00:00
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The UK-wide coronavirus lockdown has spurred further growth in take home grocery sales during January, as shoppers spent £1bn more on supermarket food year-on-year during the month.
The latest figures from Kantar show take-home grocery sales rose by 12.2% during the 12 weeks to 24 January 2021.
This was boosted by a higher rate of growth than over Christmas period, as the reintroduction of national lockdown restrictions and the closure of cafés, restaurants and pubs saw eating out of the home curtailed once more.
Fraser McKevitt, head of retail and consumer insight at Kantar, said: “We expect to see strong growth for all the grocers fall off as we reach the anniversary of the first national lockdown in March. Sales will then be measured against the high volumes recorded in spring and summer 2020.
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Increase in demand for polyols in the food industry, surge in prevalence of obesity and diabetes, and rise in demand for polyols in pharmaceutical applications drive the growth of the global sugar alcohol market. However, high production costs hamper the market growth. On the contrary, increase in demand in the Asia-Pacific region and product development and innovations are expected to open lucrative opportunities for the market players in the future.
Revol Greens is well-positioned to continue scaling this concept across the US
On the heels of closing its $68 million funding round, led by Equilibrium Capital, Revol Greens is adding Michael B. Wainscott to the newly created role of Chief Financial Officer. The Minnesota-based producer of sustainably and hydroponically farmed lettuce varieties is planning to advance its mission of reaching more Americans with its Grown Clean and Green produce within 24 hours of harvesting. As CFO, Wainscott will oversee elements including future capital raises, industry partnerships and IT.
“Michael shares Revol’s vision to build five facilities in five years. His highly relevant experience in the areas of management, operations, venture equity, funding and risk management are an essential piece to meeting our business goals,” said Mark Schulze, CEO at Revol Greens.