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Investing in the Future of Food: Manna Tree investors seek emerging brands focused on human health As the ongoing pandemic accelerates consumer interest in the role of nutrition in wellness and underscores the supply chain’s fragility, the investors at Manna Tree Partners are looking for at least three growth stage companies that are revolutionizing the production, delivery and consumption of food to support human health. With $235 million in assets under its management as of last month and six investments already in its portfolio to date, Manna Tree’s managing director Pam Shepherd shares in this episode of FoodNavigator-USA’s Investing in the Future of Food where she see the most potential to improve human health and create a more transparent, stable supply chain. ....
Retailers challenged with restoring customer satisfaction lost during the pandemic: ACSI report Customer satisfaction with the retail sector has hit a low point across most channels particularly supermarkets and online retail hit where consumer sentiment dipped to a five-year low, according to the American Customer Satisfaction Index’s (ACSI) Retail and Consumer Shipping Report 2020-2021. ACSI’s annual report is based on interviews with 70,767 US consumers between Jan. 13, 2020 and Dec. 27, 2020. Waves of disruption impacted all channels of retail, and customer sentiment declined across the board, reported ACSI. “From mandatory closures that halted in-person shopping to stock shortages caused by panic buying, retailers experienced anything but business as usual. Deliveries from online retailers were delayed, and customers were frustrated when high-demand items sold out. And it shows, as 86% of the retailers measured suff ....
Plant-based seafood firm Ocean Hugger Foods – which was forced to pause operations last June as COVID-19 ravaged the foodservice industry (its primary market) – will stage a comeback later this year after forging a joint venture (Ocean Hugger Inc) with Thai food manufacturer Nove Foods. A wholly-owned subsidiary of global manufacturer NRF, Nove Foods has “ multi-continent manufacturing capabilities and sales relationships with many of the world’s largest retailers,” and is “ quickly becoming a major force in the supply of cutting-edge plant-based foods,” said David Benzaquen, co-founder and board member at Ocean Hugger Inc. The plan is for a global launch of an expanded portfolio of plant-based seafood products in retail and foodservice in late 2021, said Benzaquen, who told FoodNavigator-USA that the order is still to be determined, but the company ....
Subscribe Gotham Greens goes west to unlock next growth chapter: ‘The indoor environment is relatively unexplored but offers fantastic opportunities’ By Mary Ellen Shoup Using funding from its recent $87m Series D capital raise, indoor agriculture company Gotham Greens has expanded operations to Northern California – its first West Coast greenhouse location – opening a 10-acre facility, which will bring its total annual production to 40 million heads of lettuce and herbs. Expanding to Solano, California, where the greenhouse will be co-located with the University of California-Davis (UC Davis), is a significant milestone for the company that has thus far built greenhouses in its home state of New York, Rhode Island, Maryland, Illinois, and Colorado. ....
Forager Project has entered the burgeoning plant-based cheese category with a new line of organic products made from a base of cashews, starch, and coconut cream and oil, which it claims delivers the “cheesiest vegan cheese with the best melt and stretch.” The cheeses (SRP $5.99) will be available at retailers including Fresh Thyme, Sprouts, Central Markets, and Stop & Shop in the spring, said co-founder and CEO Stephen Williamson, who launched the first Forager Project products (HPP veg-forward cold-pressed juices), in January 2013, and has since branched out into nut milks, smoothies, cashew-based yogurts, and ‘pressed vegetable’ chips made with pulp left over from juice pressing. ....