Source: Rockefeller Foundation
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.
Spruce Point Capital has publicly denounced Oatly and Beyond Meat’s valuation, causing investors to wonder whether Oatly is on the precipice of a crash. In other news, some major investments closed this week, including Swiggy’s $1.25 billion raise, Nature’s Fynd’s $350 million and Pivot Bio’s $430 million.
Rockefeller Foundation released a new report that finds that the true cost of the U.S. food system is $3.2 trillion per year.
Our newsletter takes a lot of time and resources to produce. Make a one time or monthly contribution to help us keep it going. Whether it’s $5 or $500, every bit helps and shows us that you value our work.
Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.
Now that one short-seller, Spruce Point Capital, has gone public against Oatly, investors are left wondering if Oatly is on the precipice of a crash.
The US food system rings up immense “hidden costs” from its impact on human health, the environment, and social and economic inequity to the tune of $3.2 trillion per year, finds a new report from Rockefeller Foundation.
The funds will be directed to support new and small businesses in the processing sector. USDA also will reinvigorate the Packers and Stockyards Act and crack down on false country-of-origin labeling.
The startup’s technology ‘programs’ the DNA of microbes which naturally occur in the soil so that they produce more nitrogen. It mass-produces these microbes and sells them directly to farmers, who can apply them to their fields.
A new report provides a roadmap to creating a post-pandemic food system with greater fairness, fewer adverse climate impacts and better health outcomes.
The startup said its recent bet to expand into grocery delivery, and pickup and drop-off service, has paid off. The value of orders it is processing now is 30% higher than those in the pre-Covid times.
In the last four months, the company has built about 100 dark stores, and expects to double that number by the end of the year.
The company’s core food procurement technology digitizes ordering workflow and communications for restaurants and suppliers.
Chef and humanitarian José Andrés plans to use the award to advance the work of his charity, World Central Kitchen.
Nobell Foods has pioneered a new way to make dairy products from plants. The key lies in casein, a protein unique to milk, which the startup now grows in soybeans.
Beyond will begin selling its vegan meat to consumers in select cities including Shanghai, Beijing, Guangzhou and Shenzhen.
Surveys of food deliverers and others who work for app-based services illustrate the hazards they have faced during the pandemic.
Advocates want Osha to issue federal heat standards, requiring water, shade and rest breaks.
The Booker bill would shake the foundations of the handful of companies that slaughter and pack the bulk of the meat. Biden now has a chance to prove he’s serious about confronting market power.
The economic crisis and food system disruptions from the Covid-19 pandemic will worsen the lack of nutrition in women and children, with the potential to cost the world almost $30b in future productivity losses.
Walmart said the verdict would be reduced to $300k, which is the maximum amount allowed under federal law for compensatory and punitive damages.