Britain's baking industry is set to come under further pressure following this week's announcement by Walmart subsidiary Asda that it is to invest a further £500m ($720m) in retail price cuts.
Natural snack brands including Pirate’s Booty (gluten-free rice and corn puffs) and True North (premium nut clusters) have huge untapped growth potential, bosses at B&G Foods told delegates at the Barclays back to School conference this week.
Wal-Mart yesterday announced the online rollout of a "green"
ratingsystem for the packaging used by all of its product
suppliers, onethat will eventually determine who can sell to the
world's largest retailer.
A plan by Wal-Mart to become more environmentally friendly will
have a gigantic ripple effect onprocessors, both in the packaging
and sourcing of their products.
There's more movement in the UK's supermarket battle for supremacy,
as Asda announced yesterday it is cutting 200 management jobs and
adding about 1,200 store positions as part of a reorganisation.
Amcor has sacked its CEO after an investigation suggested some
employees were running a cartel, while Rexam chairman Rolf
Börjesson has been appointed to the board of Avery Dennison.
An RFID expert argues that suppliers shouldn't worry about the 1
January deadline, but instead concentrate on just getting on with
installing the technology.
A research analyst claims that no RFID service provider can be
considered low risk' due to the general lack of experience in this
early stage of development of the technology - plant operators
beware.
EarthShell Corporation, the US-based manufacturer of eco-friendly
food service packaging, is to expand its production by increasing
the supply of its plates and bowls to Wal-Mart to select stores
throughout the US.
US Food distributor Fleming Cos., struggling with the bankruptcy of
its biggest customer, Kmart Corp., said Wednesday it is paying $430
million (€475million) to buy two companies that supply convenience
stores.
