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J.M. Smucker: 'We are emerging from the pandemic a much stronger company'


J.M. Smucker: We are emerging from the pandemic a much stronger company
Working against tough-to-beat comparables from the previous year when consumers were in full pantry-loading mode, J.M. Smucker reported an 8% decline in net sales to $1.92bn in Q4 2021 compared to the same period last year.
Excluding the divestitures of
For the full year ending April 30, 2021, net sales were up 3% to $8bn.
“We believe the business is at an inflection point, and we’re delivering against our strategic and executional plans. We are emerging from the pandemic, a much stronger company,”​ said president and CEO Mark Smucker on an earnings call with analysts. ....

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Average Daily COVID Cases In US Fall Below 20000 For First Time Since March 2020


Average Daily COVID Cases In US Fall Below 20000 For First Time Since March 2020
WASHINGTON (dpa-AFX) - The average daily cases of coronavirus infections in the United States went below 20,000 for the first time since March 2020.
At a news conference on his administration s COVID-19 Response and Vaccination Program, President Joe Biden said that the average daily cases are down to 19,000 from 184,000, the level of daily infection recorded when he took office more than four months ago.
Average hospitalizations are down from 117,000 to 21,000. Death rates are down over 85 percent, he told reporters.
16974 new coronavirus cases were reported in the United States on Wednesday, taking the national total to 34,154,305. ....

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GUEST ARTICLE: What does defensible innovation look like in the food & beverage industry?


GUEST ARTICLE: What does defensible innovation look like in the food & beverage industry?
“There’s no such thing as defensible innovation in food,” a jaded marketer muttered near me at a very long, two-day innovation off-site years ago.
If you look at the average line extension from a public food or beverage company, this opinion makes total sense. The vast majority of legacy brand product launches are new flavors or formats (drinkable yogurt).
If Brand A launches one of either, their rival can quickly establish an equivalent, potentially neutralizing any brand-to-brand market share problem. Look at the recent hard seltzer craze. ....

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The future of alternative meat and dairy products? Freedom of choice


The future of alternative meat and dairy products? Freedom of choice
Variety for end-consumers holds the key to improving the taste, texture, format and nutritional challenges of the next generation of alternative food and beverages.
So says Adam Janczuk, the vice president of global R&D at IFF Nourish Division, which is International Flavors & Fragrances Inc (IFF)’s newly combined and largest food and beverage division.
IFF’s Nourish Division, created by the mega-merger at the beginning of this year​ between IFF and DuPont’s Nutrition and Biosciences business, has an increased focus on alternative proteins and offering a wide variety of products to help its customers produce beverage, dairy and meat-alternative products. ....

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Cercel: Dorința României de a avea 'cel mai mic preț din Europa' se dovedește a fi, de fapt, o mare problemă

Cercel: Dorința României de a avea 'cel mai mic preț din Europa' se dovedește a fi, de fapt, o mare problemă
dcnews.ro - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dcnews.ro Daily Mail and Mail on Sunday newspapers.

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