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A Ketchup Drought & Protein Pulled From Air: CPG News, Week of Apr 5-9

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April 9, 2021
by Sophie Guimaraes
5 minutes

Contents

Unioncrate's curated weekly round-up of CPG & supply chain news. This week's news features supply chain hiccups in the condiment space, new factories for Beyond Meat and Oatly, and a new way to do animal-free protein.

investments-acquisitions

Investments & Acquisitions

Target will invest $2B in Black-owned businesses by 2025. Grocery Dive

MissFresh, an ecommerce food service company based in Beijing, is considering an IPO in the US. Bloomberg

AppHarvest is investing in AI after having acquired AI robot harvesting business Root AI. AgFunderNews

Cultivated fat food tech company Mission Barns has raised a $24M Series A. Food Dive

Brynwood Partners has acquired De Wafelbakkers, a maker of frozen pancakes and  waffles, for an undisclosed amount. Food Dive

Impossible Foods has launched a national ad campaign titled, “We Are Meat.” Progressive Grocer

Condiment and beverage brand Acid League has closed a $4.75M funding round. BevNet

Plant-based seafood brand Gathered Foods has raised a $26.35M B-2 bridge funding round. Food Dive

Protein from plants, protein from cells, protein from… air? Solar Foods has raised €10M to make protein out of air. Don’t believe me? Read the article from The Spoon.

Asia’s most funded retail agritech startup, Trax, has raised an additional $640M in its Series E. AgFunderNews

Tortuga wants to automate harvest season, and they’ve raised a $20M Series A to do so. AgFunderNews

Whole Foods has launched its Sourced for Good program, which puts a seal on certified-sustainable products. Supermarket News

products-partnerships

New Products & Partnerships

Recess has launched Recess Mood, a line of its sparkling waters augmented with magnesium L-threonate. Food Dive

NoPigNeva, a Boston-based vegan food retailer, has launched an online site for nationwide delivery. VegNews

Yasso has launched a product line called Yasso Poppables, marking another foray into the snacking space. Consumer Goods Technology

Chloe’s Fruit has launched three new flavors of its frozen dessert line. FoodBev

Plant-based frozen dessert made from olive oil? It's a reality with freshly launched brand Wildgood. Food Business News

Molson Coors expands past beer, launching Jimmy’s Iced Coffee and two other brands. Beverage Daily

Forager Project, originally a juice brand, has launched a line of plant-based ice cream. BevNet

Bitcoin-enabled kiosks for Southeastern Grocers? That’s now a reality. Progressive Grocer

supply-chain

Supply Chain News

Beyond Meat has opened a factory in China—its first outside of the US. AgFunderNews

Oatly is building another factory, too—this time in partnership with Singaporean beverage maker Yeo’s, which the oat milk brand hopes will expand its presence in Asia. AgFunderNews

Cargill is predicting a “mini supercycle” due to China’s crop-buying spree keeping supplies tight. Yahoo Finance

Amazon has converted up to 25 failed malls into distribution centers. Chain Store Age

Egyptian authorities aren’t releasing the Suez Canal ship until they pay upwards of $1B in compensation. The Wall Street Journal

Walmart is aiming to “decarbonize” its supply chain. Here’s what it had to say to investors. WWD

It seems that US retailers will continue to binge order through summer. JOC

Cosco Shipping, China’s largest container shipping company, has projected bullish sales, sending stocks surging. The Wall Street Journal

With most restaurants deploying takeout to make it through the pandemic, that also means there’s been a high demand for ketchup… which means that there’s currently an American ketchup shortage. The Wall Street Journal

Hitachi has acquired GlobalLogic for $9.6B in an effort to help industries go digital. The Wall Street Journal

Softbank has bought a 40% stake in Norwegian automated warehouse company AutoStore. The Wall Street Journal

Chewy is acquiring new warehouses and retrofitting existing distribution centers in order to boost production over the next two years. Supply Chain Dive

good-reads

Good Reads

We all know that there’s a plant-based boom underway in the protein world… but are meat sales actually going down? Read more in The Counter.

Parents often find the labeling on fruit drinks confusing. Food Dive

Nestlé predicts that the food trends we’ve adopted over the course of the pandemic are here to stay. Food Dive

Mars Wrigley has crafted a dessert through AI. Consumer Goods Technology

About Unioncrate

Unioncrate is an AI-powered Integrated Business Planning (IBP) platform that delivers demand forecasts with unmatched accuracy, collaborative visibility, and actionable intelligence—enabling CPG brands to plan and execute agile supply chain strategies at the click of a button.

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