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.
The world’s largest meat supplier was hit by a ransomware attack over the weekend by what is believed to be a Russian hacking group. The attack targeted operations in the US, Canada and Australia, forcing 13 of its US plants to close and raising concerns yet again about consolidation in the meat industry.
In other news, Tesla has filed trademarks for three different restaurant concepts. Target has launched a line of 30 new plant-based products, all priced under $5.
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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 ransomware attack, thought to have been perpetrated by a Russian hacking group, targeted operations in the US, Canada and Australia and forced 13 of its US plants to close.
The meat giant joins Wendy’s, MillerCoors, and Mondelez among cyberattack victims in recent years. Cybersecurity experts say that this weekend’s hack is unlikely to be the last.
The company applied for three new trademarks that will cover the categories of restaurant services, pop-up restaurant services, self-service restaurant services and take-out restaurant services.
Target’s Good & Gather in-house brand just launched a line of 30 new plant-based products, making the vegan trend more accessible to mainstream shoppers.
Athletic Brewing will use the funds to support its expansion on the East Coast. Demand has exploded, with sales of nonalcoholic beer up 230% since 2018 when Athletic launched.
The app provides users customized diet recommendations based on their gut bacteria. New funds will go towards technologies that help those with diabetic and metabolic diseases.
The startup’s product has the macronutrient profiles that match the types and proportions of proteins, complex carbohydrates, fatty acids and other bioactive lipids present in human breastmilk.
The whole-cut analogues include shrimp, calamari, ahi tuna and fish fillets. Its first product will be a frozen popcorn shrimp.
The company admitted that some of its categories and products will never be ‘healthy’ no matter how much it renovates.
Monde Nissin will use some of its $1b IPO proceeds to expand its Quorn Foods fake meat business in the US, taking on Beyond Meat and Impossible Foods.
Far from an “isolated incident,” employees say intentionally mislabeling meat has been a quiet practice for months at more than one location of Belcampo Meat Co.
The governors parroted talking points pushed by some of their past donors: that $300 per week pandemic payments were encouraging people to turn down work.
If passed, SB 519 will approve the use of mushrooms, MDMA, LSD, mescaline and ibogaine for combat veterans with PTSD and people with diagnosed or undiagnosed addictions and mental illnesses.
A drought crisis has erupted in the Klamath Basin along the California-Oregon border, with fish dying en masse and farmers infuriated that they have been cut off from their main water source.