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Energy Bars & Donut Popcorn: CPG News, Week of May 3-7

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May 7, 2021
by Sophie Guimaraes
5 minutes

Contents

Unioncrate's curated weekly round-up of CPG & supply chain news. This week's news features supply a Smartfood-Krispy Kreme collab, energy bar investments, and—perhaps a lot less fun—inflation.

investments-acquisitions

Investments & Acquisitions

Rowdy Energy has raised $13M in a new funding round. BevNet

Weis Markets is investing $135M into growth with 8 remodels and 8 fuel centers planned for 2021. Progressive Grocer

Safeway has opened a new NorCal store in San Jose. Winsight Grocery Business

Italy’s Lavazza Group is adding 1,000 square meters to its Pennsylvania manufacturing plant as it expands its US presence. Food Dive

PE firm Butterfly has acquired US organic egg producer Pete and Gerry’s Organics. FoodBev

Tattooed Chef is acquiring New Mexico Food Distributors and Karsten Tortilla Factory for $35M. Food Dive

ICA, a nonprofit VC fund, has invested $500K into plant-based Something Better Foods. The Spoon

Synergy Flavors has acquired savory ingredient provider Innova Flavors for an undisclosed amount. FoodBev

Laird Superfood has acquired energy bar maker Picky Bars for $12M. Food Dive

Unilever will acquire supplement brand Onnit for an undisclosed amount. NutraIngredients

Owen’s Craft Mixers has raised $7.5M in a new funding round. Forbes

products-partnerships

New Products & Partnerships

Smartfood and Krispy Kreme have teamed up to create donut-flavored popcorn. Food Dive

In an effort to compete with Oatly, Nestlé is launching a pea-based alternative milk line. Fortune

Proud Source Water is partnering with PepsiCo for regional distribution in North America. BevNet

Ferrera is relaunching its fruit snack line under the name Funables. Food Dive

PepsiCo has launched Soulboost, a new functional sparkling water brand. Food Dive

GIVN Water is now the official bottled water partner of Caribou Coffee. BevNet

Lightlife has reformulated its product line to feature only recognizable ingredients. Food Dive

supply-chain

Supply Chain News

Scores of CPG brands, including Coca-Cola, Nestlé, and General Mills, have been experiencing higher costs related to ingredients, manufacturing, packaging, and transportation—all of this has led to inflation on the customer side of things. Food Dive

Thanks to consumer demand, US imports reached record highs in March. The Wall Street Journal

US freight demand is rapidly outpacing truck availability. The Wall Street Journal

You can read more about America’s current high-demand low-worker debacle in another piece from The Wall Street Journal.

Among other supply and demand issues, there’s now a chicken shortage. The Wall Street Journal

Chinese manufacturers have been acquiring overseas manufacturing facilities. The Wall Street Journal

Kroger has been testing drones for last-mile grocery delivery. Supply Chain Dive

Consumer demand for sustainable packaging is steady, despite pandemic and other global events. Food Dive

Danish container-shipper Maersk has launched a $5B stock buyback program after having its best quarter yet. The Wall Street Journal

Hwy Haul, which connects fresh produce shippers directly to carriers, has raised a $10M Series A. AgFunder News

good-reads

Good Reads

Ever wondered which grocery store has been best at handling Covid protocol? Spoiler: it’s Whole Foods. Progressive Grocer

An op-ed rebuttal advocates that true sustainability comes with holding the meat industry accountable. Civil Eats

Impossible Foods can now be served in school cafeterias. The Spoon

Uber is now letting their riders pick up grocery orders mid-trip. Grocery Dive

Finally, hear why consumer data is key from someone who’s not us. SmartBrief

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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