Member News & Headlines Blog

Kerry introduces Tastesense Salt, an ingredient designed to provide salty flavor for snacks such as potato chips but without the addition of sodium. This ingredient uses botanical extracts, peptides, and ferments to achieve a sodium reduction of up to 60% in certain applications. This development aligns with the industry's focus on offering healthier snack options to meet evolving consumer preferences.

Knorr, known for its range of sauces and broths, is introducing seven new rice and pasta varieties tailored for health-conscious individuals seeking convenient office meal solutions. Which flavor will you try? Read more to explore Knorr’s new rice and pasta options.

The Good Food Fund will provide support to food entrepreneurs in communities with inequitable access to food. Made possible by Mayor Brandon Johnson and City of Chicago’s Department of Business Affairs and Consumer Protection, the fund was designed in collaboration with the Food Equity Council and Greenwood Archer Capital. Allies for Community Business has been selected to manage the Good Food Fund, through which they will provide grants, low interest loans, and free business coaching to food and beverage entrepreneurs in Chicago.

Frank Yiannas, who assisted in developing the agency's new food safety tracking policy, stated that the system is far from where it needs to be to meet the 2026 deadline.

T. Hasegawa's 2024 Food and Beverage Flavor Trends report highlights a focus on innovative and global flavors, health-conscious and sustainable ingredients, and the emergence of the standout flavor of 2024, catering to consumers' desire for culinary exploration and indulgence. Download the report to learn more about:

• Reimagined classics and spicy-sweet global flavors, blending tradition with exotic tastes.
• Nutritious, sustainable ingredients, aligning with health-conscious consumer trends.
• Consumer desires for empowering, exotic, and comforting food and beverage choices.
• The unique and versatile flavor of the year.

And more!

CohnReznick's Manufacturing & Distribution tax leadership team has recently published an article discussing the significant changes implemented in 2023 and the pending legislation outlined in the Tax Relief for American Families and Workers Act of 2024. These developments are anticipated to have a profound effect on the M&D sector.

Read more to learn about top tax topics like:

• IRS Interest Rates
• ERC
• Section 174

And More

Food Dive recently wrote a piece of exciting news for cheese enthusiasts. Kraft Singles is introducing three new flavors—Jalapeño, Garlic & Herb, and Caramelized Onion—marking the first expansion of its popular cheese lineup in almost a decade. Previously, the Kraft Heinz-owned brand offered only two flavored cheeses which launched in 2017.

Kraft Heinz observed that nearly 70% of U.S. cheese consumers express interest in exploring new varieties, with flavor emerging as a key influencer in guiding their purchasing choices. The company has identified innovations as the primary catalyst in achieving its goal of generating $2 billion in incremental net sales by 2027.

According to Marketing Brew's article, there's a notable resurgence of snacks in this year's game advertisements while auto brands seem to be scaling back. Michelle Deignan, VP of Oreo US, attributes this trend to the "lipstick effect," wherein consumers tend to prioritize spending on smaller indulgences during times of economic uncertainty. So, expect to crave a tasty treat during the Big Game this year.

According to ADM's latest Flavor and Color Trends Report, the upcoming year will be shaped by global influences in the food and beverage industry. ADM's color and flavor experts, supported by a team of TrendXplorers, have predicted 2024 to be characterized by a bold embrace of customized flavor and color experiences, drawing inspiration from both online and offline trends.

CHICAGO — Eli’s Cheesecake, a third-generation family-owned business that delivers Chicago-style cheesecake and other desserts nationwide, recently completed a $10 million, 42,000-square-foot expansion at its Chicago facility. A total of 50 new jobs have been added as part of the expansion