Nestlé, the largest food company by revenue, announced a pilot program to track its supply chains using blockchain, according to a company statement.
The firm partnered with OpenSC, a blockchain platform, to develop the distributed ledger system which will be separate and distinct from Nestlé’s ongoing participation with IBM Food Trust blockchain.
The pilot will last six months, and success will be determined by the “feasibility, viability and scalability of the system,” as well as how well the system verifies data, according to a Nestlé representative. Once rolled out, the service may involve a QR code, mobile app, and web portal.
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Part two of our new Founders Series: Sales & Distribution, took place at the beautiful PRE office in the West Loop, downtown Chicago. Our wonderful members from Amica Tea joined us to sample their delicious, signature green tea as attendees started to file into the space. Our panel of experts for the evening included Josh Katt, CEO & founder of KitchFix, Ali Shouman, Senior VP - Business Development, Alex Marx, Director - Growth Solutions at KeHe, Joe D'Angelo, Director of Sales with Norman Distribution, and Joy Tucci, owner of DaCosta Global Inc.
The panel broke down the logistics of sales and distribution, from early stage start-ups, to established CPG companies on how to best navigate this aspect of your business. Guests for the evening were given the opportunity to learn about unique tactics and strategies that can be used to get the most out of your transactional experiences with your distributor, as well as how to be a great client (which most often results in becoming a "high priority client").The panel also attributed their own personal experiences into how to grow and scale your business, refine your sales and enhance the distribution process. As always, we had a blast with our guests at this Founders Series! Learning and growing as a Network.
An old Northwest Side factory that produced television sets for the old Zenith Electronics soon will be the source of new food products.
The redevelopment of the 300,000-square-foot facility in Chicago’s Belmont Cragin neighborhood got the final financing it needed with a $4 million loan from JPMorgan Chase, channeled through the Chicago Community Loan Fund (CCLF). All told, the project will cost about $25 million.
What is already under construction is a facility to be dubbed Amped Kitchens Chicago, which will offer dozens of kitchens, refrigeration, storage and similar resources to Chicago entrepreneurs ready to take their food concoctions to the commercialization stage.
Paradise Icing is not just vegan; it is plant based, keto and allergen friendly and tastefully wholesome. Consumers love sweets, but they want pleasure, nostalgia and nutrition. Research shows that consumers claim to be eating 2.5 snacks a day and 45% are looking for healthier snacks. They want their snacks to supply nutritional benefits rather than empty calories. Energy, satiety and focus are lifestyle ingredients. Adding Paradise Icing to your daily diet not only gives the consumer lifestyle ingredients, but the excitement of being able to satisfy their guilty pleasure without ruining their waste line.
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It’s no secret that e-commerce has changed the landscape of B2C retail- but the ripple effect this evolution has wrought on supply chains, including those of B2B shippers, may be less apparent.
On June 18, GlobalTranz and the Chicagoland Food and Beverage Network hosted a panel discussion titled, The Future of Ecommerce: Delivering on New Consumer Expectations According to the “New Rules” of Retail to address the challenges for shippers of today’s online and offline marketplaces.
Our panelists included Adam Root, Chief Operating Officer at Blake’s Seed Based, Maureen Cherwin, Director, e-commerce and digital media at Simple Mills, Kris McDermott, Senior Vice President, e-commerce at Edelman, and Brian Winshall, Executive Vice President at GlobalTranz.
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The food company unveiled Thursday a new line of smoothie products called Fruitlove, which come in small cups and contain a spoon. The Kraft Heinz press release touted five flavors, each containing at least three fruits or vegetables, and provide a source of calcium, protein and other nutrients.
The new smoothie line can be seen as an attempt to add more health choices to company's offerings, as Kraft Heinz has been hurt by the public's turn toward healthier foods over processed ones. Kraft Heinz has also acquired several healthy food brands this year, such as Primal Kitchen.
Today poultry giant Tyson Foods announced Raised & Rooted, its new brand selling alternative proteins. Raised & Rooted’s first products will be plant-based “chicken” nuggets (made with a pea protein blend) and blended burger patties (which combine beef and pea protein). The products have lower calories and saturated fat than traditional chicken nuggets and beef burgers, respectively.
In addition to the new Raised & Rooted brand, Tyson is also introducing new alt-protein products through its existing Aidells brand, which sells meaty sausages, burgers, and meatballs. Aidells Whole Blends’ new sausages and meatballs contain a blend of chicken and protein-heavy plants such as quinoa, black beans, and lentils.
Today’s market focus on “clean label” requires reviewing all the ingredients in a product. Often, this means considering replacing the corn syrup in confectionery. But unlike many food items that use corn syrup to stretch the product and reduce cost, corn syrup in candy is highly functional. Replacing corn syrup with tapioca syrup, brown rice syrup, oat syrup, or other grain syrup is not a simple task. Knowing the basics of corn syrup, what it’s contributing, and how it’s interacting with other ingredients is the key to understanding how to replace it.
FreightWaves and Convoy teamed up to present the first annual Shipper of Choice Award to a top-notch manufacturer, distributor or retailer. The Kellogg Company K 1.33% took home the first place trophy during Transparency19 earlier this year.
The first-of-its-kind award was created to recognize shippers committed to eliminating inefficiencies from the supply chain and aiming to be excellent partners for their carriers.
"The Shipper of Choice Award is all about increasing transparency as we highlight innovative best practices that keep freight moving and contribute to a healthy freight community," FreightWaves CEO Craig Fuller said.
Impossible Foods, which makes a meatless plant-based burger and is backed by celebrities like Serena Williams and Katy Perry, said on Monday it has raised $300 million in the latest round of funding ahead of a possible initial public offering.
The fundraising underscores the growing appeal in plant-based food that tries to taste like meat with fewer environmental or health risks. Shares of competitor Beyond Meat Inc, which debuted on Nasdaq on May 2, have more than tripled.
Read more from MarketScale here
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