Image Source: TIME
Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.
As dozens of plants that closed because of coronavirus outbreaks begin reopening, emails show local officials received conflicting signals from state leaders and meatpacking companies about how much information to release about outbreaks in plants. More than 17,000 coronavirus cases are linked to meat packers, and 66 deaths have been reported since last week. The FERN updated its count to 18k as of today.
Amid mounting food waste and pressures on the global supply chain brought on by the pandemic, Apeel Sciences has just raised $250 million with the hope of preventing waste by keeping food fresh for longer periods on store shelves. The latest round attracted celebrity backers like Oprah Winfrey and Katy Perry.
The COVID-19 pandemic has put more than 10 million independent restaurant workers at risk of losing their jobs for good. Across sectors, businesses are being forced to pivot their business models as consumers go on lockdown and change their buying habits. This round-up features many of the ways the pandemic is impacting all parts of the food industry.
In an effort to do our part and support the community we love so dearly, we have compiled a list of resources and organizations that are providing support to those in need. We are also offering free job postings to anyone who is looking to employ people impacted by the COVID-19 pandemic.
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Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.
While the CDC claimed there were nearly 5k workers infected with the virus, the Food & Environment Reporting Network estimated the number has climbed to more than 17k since last week (FERN updated its count to 18k as of today). There have been 66 meatpacking deaths, and the outbreaks may be even more extensive.
The company will use its new capital to begin expanding its operations and working with the big farming companies and growers in Africa, Central America and South America. GIC led the round.
Coronavirus continues to hit the food industry hard. Hear chefs, grocery store workers, activists, and more share their stories.
Eight Instacart workers shed insight into the company’s failure to provide sick pay. By signing up a massive influx of new shoppers, it also made it harder for experienced shoppers to make any money.
She was a cashier at grocery chain Market Basket and worked security for a Walmart.
The plan would also reduce sales of antimicrobials for farmed animals by 50%, and the use of fertilizers by 20%, by 2030. The share of organic farming would also be increased by 25% by 2030 – up from the current 8%.
Compass Group plans to utilize Feedr’s software across its portfolio of corporate clients in the UK and Ireland, with further potential applications of the technology in education and healthcare sectors.
Grit Ventures led the round. Funding will go towards expanding its daily dish delivery to include reusable to-go containers and utensils.
Cleveland Avenue led the round. The cash injection will enable the startup to build its team and support its rapid growth.
The animal agriculture industry is imperiled and increasingly precarious as an investment, while its competition has never been in greater shape. The factory farming divestment movement is here—and not a moment too soon.
Child hunger is soaring, but two months after Congress approved billions to replace school meals, only 15% of eligible children had received benefits.