Source: New York Times
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.
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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.
The firm predicts cheaper, faster and more reliable delivery could help this segment capture 50% of drive-thru service ($75b), 50% of takeaway foodservice ($250b), 35% of ready meals ($40b), 30% of packaged cooking ingredients ($100b), 25% of dine-in foodservice ($450b), and 15% of packaged snacks ($125b).
The company has sold a 10% stake for $200m, valuing the company at $2b.
Kroger and the Plant Based Foods Association conducted the study, including an in-store set within the conventional meat section and targeted emails.
People of color make up 87% of meat-processing plant Covid-19 cases. Worker groups have filed a complaint alleging the companies’ failure to follow CDC guidance had a discriminatory impact on the Black, Latino and Asian workforce.
The higher prices come as businesses across the country are rolling back their reopenings and laying off staff, creating further pressure for families trying to put food on the table.
The founders of Perfect Day have joined with a longtime product developer in the dairy industry to create a new sustainably focused consumer food company called Urgent Company.
The company’s new ad campaign touts the climate benefits of reducing methane from cows’ farts and burps by adding lemongrass to their feed. But without peer reviewed science, it’s too soon to tell if their claims will hold water.
While some are eager to return to work, most say they feel trapped in a Catch-22 situation about their return.
Journalists bear a lot of responsibility for the rise of the toxic celebrity chef. But they’re still in a state of denial.
Check out our list of resources to learn about systemic racism in the food and agriculture industries. We also highlight Black food and farm businesses and organizations to support.
The Google for India Digitization Fund will invest in equity fundings, partnerships, and infrastructure in ag, healthcare and education, among other areas.
Karma Kitchen wants to become Europe’s biggest kitchen space provider by opening 53 new sites across the UK and Europe in the next five years.
The pandemic is speeding meatpackers’ shift from human meat cutters to automated ones, but machines can’t yet match people’s ability.
SG2 Ventures, Skyline Global Partners and Cox Enterprises led the round. The funding will mainly be used to build out its data analysis efforts. Growers Edge works with ag retailers and product manufacturers to crunch their data and produce a crop plan.
Using $1 million from Brookfield Properties, the Union Square Hospitality CEO is teaming up with Rethink to feed hungry New Yorkers.
More than 750,000 households had used food stamps benefits online as of late June. That’s up from just 35,000 in March.