Nestle was the biggest CPG firm in the world based on market cap value as of Dec. 31, according to a GlobalData analysis. Procter & Gamble was ranked second, followed by AB InBev, Coca-Cola and PepsiCo, the report indicates.
Some 65% of Americans want to know the origin of their food ingredients, according to data from Packaged Facts. Companies like Kellogg and General Mills are addressing the consumer demand for transparency through multipronged approaches that allow supply chain ingredient traceability.
High Brew Coffee is introducing a new sparkling cold-brew beverage line. The canned, three-SKU range has twice the caffeine of a standard cup of coffee and will debut on Amazon this summer.
Former Frank H. Fleer Corp. executive Frank Mustin has died at 94. The grandson of Frank Fleer, founder of Fleer Corp., which made Dubble Bubble and Chiclets, Mustin directed the international branch of the company starting in 1948 and managed the entire company starting in 1985.
Malley's Chocolates has paired with Cleveland Pickle to offer chocolate-covered pickles for St. Patrick's Day. The product will be sold at Malley's stores this Friday and Saturday.
A trend toward seamless retail and online shopping experiences is emerging, according to a National Retail Federation and Forrester Research study. Almost 60% of the companies surveyed said that they have implemented such multichannel approaches.
The House Agriculture Committee's farm bill is likely to be a "disaster" that maintains or expands subsidies such as the federal sugar program, writes Daren Bakst. "Artificially high sugar prices are not an unintended consequence of the program, but rather its purpose," Bakst writes.
Walmart is prepared to greatly expand the reach of its home delivery for groceries, which in the next few weeks will be available in more than 100 markets, or 40% of all US households, the company said. Orders will have a $30 minimum and come with a $9.95 delivery fee.
PepsiCo's Frito-Lay division will be rolling out a new child-focused snack line called Imagine this summer, as well as a new hummus crisp snack under its Off the Eaten Path label. The firm is also reformulating its Quaker Oats brand to eliminate artificial flavors, preservatives, colors and sweeteners as part of "the most transformational year for Quaker Oats ever," said Seth Kaufman, president of PepsiCo's North American Nutrition division.
Spending on St. Patrick's Day will reach a record $5.9 billion this year, with more than 149 million Americans celebrating the event, according to a survey by the National Retail Federation. Food and beverage items were cited as the most popular items that consumers plan to buy, followed by apparel, decorations and candy, according to the poll results.