CPG companies and retailers should brace for softer sales in 2023 by leaning into the strategies they used during peak-pandemic as the US tiptoes around a recession and the shields protecting consumers from feeling the full brunt of the current economic...
While Ukraine’s next season of wheat is ready to be harvested, more than 22 million tonnes of last year’s crop still cannot reach swathes of people highly dependent on the grain. Meanwhile, the sharp drop in the wheat price could indicate less optimism...
While some industry players are reining in spending to build-up reserves in case of a recession, General Mills is taking the opposite tack – choosing to double down on investments and explore acquisitions that could help it stay ahead of the competition...
US retail data science, insights and media company 84.51° polled shoppers about their buying intentions ahead of the 25th edition of Sweets & Snacks Expo, held in Chicago in late May.
The total value of US carton shipments is expected to reach $9.5bn by 2018 but one of the biggest concerns is increasing boxboard prices, according to the Paperboard Packaging Council (PPC).
Take up of robotic technology in the food sector is set to steadily increase as processors are forced to seek further efficiency gains and demand could challenge that of the automotive industry within a decade, said the head of a leading trade body.
Mondi Group announced yesterday its 2009 full year profits are likely to plummet by around 50 per cent on the back of a “pretty tough” first half of the year and restructuring costs of €128m.
A trade union representing Bemis workers has questioned the viability of its proposed acquisition of Alcan Food Packaging Americas claiming the deal would leave the company with an excessive debt burden.
Packaging Corporation of America (PCA) said business conditions had “improved significantly” during Q2 as it posted results yesterday showing net income had more than trebled to $109m.
One year after delivering a stark warning of the pressures facing the flexible packing sector, an industry body has said while the current challenges have changed, the situation remains as difficult.
A global cluster of the top 100 companies from the packaging, paper and forest industry saw their collective returns slump from profits reaching $14bn in 2007 to a record loss of $8bn in 2008.
Food firms looking to trim costs in the recession must be sure to complete due diligence in their ingredient sourcing and not compromise the long-term image of their brands by reduced quality, warns a food chain consultant.
Spotting a market opportunity ten years ago, John Mudd set out to create an alternative to mass-produced crisps, building a business that today sees 2.5 million packs of Real hand-cooked crisps sold each week in the UK.
BakeMark UK has advised that “economising is not the same as down trading” and has suggested that using premium quality ingredients is the most important factor in remaining competitive – even if that means comparatively higher costs.
