Avocado Nation & Delivery Service Dough: CPG News, Week of Mar 22-26

by Sophie Guimaraes

5 minutes

Contents

Unioncrate's curated weekly round-up of CPG & supply chain news. This week's news features Peeps-flavored Pepsi, a big-time valuation for delivery service goPuff, and—yup—the Suez Canal.

investments-acquisitions

Investments & Acquisitions

Delivery service goPuff, which delivers essentials within 30 minutes at a flat fee of $1.95, has raised another $1.15B, bringing its total valuation to $8.9B. TechCrunch

In Eat Just’s latest funding round, the plant-based egg brand raised $200B. Bloomberg

Vertical farming company AeroFarms is going public with a valuation of $1.2B. Food Dive

Better-for-you meal delivery company Sakara Life has raised a $15M Series B. Read more about how their brand came to be. Forbes

Avocados From Mexico has its own AI platform, Avocado Nation, that leverages its consumers’ content preferences. Supermarket Perimeter

Canadian vegan food tech company Nabati Foods has recently raised $7.7M and is planning to IPO. VegNews

CPG F&B firm Siddhi Capital has filed for IPO and seeks a “better-for-you brand” to incubate. BevNet

Plant-based energy bar brand Quantum has raised $2.5M in its seed round. FoodBev

Mondelez has bought a majority stake in Grenade, a UK-based brand and maker of the Carb Killa energy bar. Food Dive

Not Milk, a Chilean alt milk brand backed by Jeff Bezos, is approaching a $1B valuation. Bloomberg

Giant Co. has opened a flagship store in Philadelphia that’s “uniquely designed for Philadelphians.” Progressive Grocer

Ugly Drinks is making four of its limited-edition, soda-flavored sparkling waters permanent. BevNet

Amazon has chosen Amazon Fresh’s first New York location: Plainview, Long Island. Progressive Grocer

Innovation Foods is building a $45M processing facility for Oatly in Millville, New Jersey. BevNet

Dutch food tech startup Meatable has received $47M in funding from chemicals company DSM to produce cell-based beef and pork. AgFunder

Brazil-based meat company JBS is looking to IPO in the US. Forbes

products-partnerships

New Products & Partnerships

Spring’s here at last, and you know what that means? A Peeps-flavored soda from Pepsi. Pop Sugar

Hourglass Cosmetics has launched its first vegan red lipstick (instead of using carmine, a byproduct of cochineal beetles, as pigmentation). VegNews

Hilo Life, one of PepsiCo’s Hive accelerator brands, has launched keto-friendly tortilla chips made from almond flour. Food Dive

Starbucks has launched a new RTD coffee line called Cold & Crafted in an effort to target non-RTD-coffee-drinkers. Food Business News

Kerry’s Richmond brand has launched a line of plant-based meatballs and mince meat. FoodBev

Kombucha brand Rowdy Mermaid has launched an adaptogenic line of drinks called Adaptonic. BevNet

Bhu Keto has launched a keto-friendly, better-for-you chocolate-hazelnut spread. Stack3d

NBA player Kevin Love and supermodel Kate Bock are the newest investors in better-for-you nut butter brand Abby’s Better. Veg World Mag

JBS brand OZO has expanded distribution of its plant-based breakfast sausages to 2,700 Kroger locations. 

Vegan wellness brand Womaness is launching menopause creams at select Targets nationwide. VegNews

Y Combinator startup Orbillion Bio is aspiring to take cell-based meat to the next level with elk, lamb, and Wagyu. TechCrunch

It’s official—Soylent’s expanding into Walgreens. Hear that? It’s me screaming. Soylent

supply-chain

Supply Chain News

Well... we all know the biggest supply chain story of the week, of the month, of the year. The Suez Canal. Read about how companies are assessing costs and alternate routes (The Wall Street Journal), the growing backlog and the ship’s current situation (The Wall Street Journal), or how the situation might force us to relive one of our favorite 2020 CPG stockout nightmares (New York Post).

The CEO of General Mills insists that the shrimp tails that one guy on Twitter found in his Cinnamon Toast Crunch didn’t come from their manufacturing facility. The Twitter shrimp guy saga continued in a very… interesting… way. Business Insider

Starbucks is reshaping its land and water usage to commit to carbon neutrality for its green coffee by 2030. Supply Chain Dive

Williams-Sonoma plans to expand its manufacturing and distribution capacity to 30% at the end of this year, which would be a YOY increase of 20%. Supply Chain Dive

Dollar General has been experiencing increased carrier and fuel costs. Their solution? Expand their private truck fleet. Supply Chain Dive

Your supply chain missing its containers? You’re not alone. Learn more about the global container shortage. Hillebrand

good-reads

Good Reads

The future’s looking cell-based; 7 in 10 American consumers say they’d swap out traditional chicken for cell-based alternatives. Food Dive

No beverage experience? No worries. The founder of unsweetened hibiscus drink Ruby didn’t have any either—and he got his product on Whole Foods shelves. Business Insider

Read all about founder Dan Kurzrock’s journey fundraising for his brand ReGrained. Forbes

Think tank RethinkX predicts the meat and dairy industry will collapse by 2030. Food Dive

Americans have $1.7 trillion to burn in revenge-spending binge.” That’s all I have to say. The Counter

About Unioncrate

Unioncrate is an AI-powered Supply Chain Planning Platform that gives CPG brands the technology they need to compete and win in a rapidly changing consumer landscape. Our automated demand and supply forecasts deliver unmatched accuracy, collaborative visibility, and actionable intelligence, simplifying a manual-heavy process and slashing hours from your week.

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