CBD Market Poised for Growth | Impact of AI and Big Data the Food Industry | Reactions to Rising Costs | Tyson ESG Strategy | Find the Right Sustainable Packaging for Your Brand

Here's a roundup of the latest headlines from Food Industry Executive.

CBD Market Poised for Significant Growth Pending FDA Regulation: Brightfield Group If federal regulation is implemented by 2024, the CBD market is expected to hit $11 billion by 2027, according to Brightfield Group's report CBD: FDA Impact & the Path Forward.... Read more   The Impact of AI and Big Data within the Food Industry By Ron Baruchi, President & CEO of Agmatix With artificial intelligence (AI) and Big Data increasingly becoming a part of everyday life, discussion is opened up around the various ways and... Read more   Rising Costs Causing CPG Companies to Modify Recipes, Change Approach to Innovation: TraceGains Higher costs are leading CPG companies to revise their products and their operations, according to TraceGains' 2022 State of Supply Chain Disruption Report. The survey of over 300 food, beverage,... Read more   Tyson Refreshes ESG Strategy: 2021 Sustainability Report Tyson Foods is refreshing its environmental, social, and governance (ESG) strategy, the Formula to Feed the Future, the company announced in its 2021 Sustainability Report. The protein giant is  working... Read more   A Guide to Finding the Right Sustainable Packaging for Your Brand By Michael Waas, VP, North America, at TIPA The consumer experience often starts with the packaging, as packaging is usually the first thing consumers see and where they look for... Read more   Article Sponsored by Deacom ERP, an ECI Software Solution   ERP Offers the Solutions to Food Supply Chain Resilience, Post-Pandemic According to McKinsey research, before 2020, consumer demand for food in the United States had been stable, growing at a consistent pace of 4% in each of the previous five years. The supply was dependable and predictable. Retail and food services had a roughly equal share of sales until the pandemic struck. Lockdowns and physical distancing forced consumers to eat more at home, which caused an increase in grocery sales and a decline in revenues at dining locations.   At the same time food and beverage manufacturers and distributors were dealing with fluctuating consumer demand, they also faced bottlenecks at ports, severe labor shortages in the trucking industry, layoffs, factory shutdowns, production cuts, and COVID-19 outbreaks. These conditions produced cascading effects, including scarcities in raw ingredients, extended production lead times, rationing among distributors, and retail outages. Read Full Article More Headlines New Food and Beverage Product Launches, July 18 – 22  A new line of flash-frozen pizzas, a chocolate sunflower butter, and meal mixes for canine companions are among the new products in this week's roundup. Walden Farms: Rebranding and Improved Industry News Biotech startup Shiru appoints Dr. Ranjani Varadan as Chief Scientific Officer Formerly Impossible Foods' VP of R&D and VP of Strategic Ingredients, Varadan assumes new role... Good Food Dialogues Launched Ahead of White House Conference on Hunger, Nutrition, & Health Good Food Dialogues aim to excite, encourage, and facilitate community participation in the... METER Group Unveils SKALA Solo Closed-loop drying solution harnesses machine learning and artificial intelligence to bring... Boba Bam Adds Senior Members to Management Team Capping First Year of Impressive Growth – Former Lenny & Larry's CEO and Omnium Consultant Join in Key Positions – LOS ANGELES (July... Procurement Leader Valerie Silva Joins CRB as Company Addresses Supply Chain, Risk Challenges As Director of Procurement, Silva will also develop company's approach to supply chain diversity... Read more news > Upcoming Webinars Knowing Your "True" Product Cost Industry Resources [On-Demand Webinar] Sustainability of U.S. Soy [Whitepaper] The Building Blocks of Digital Transformation: Seven Readiness Steps to Accelerate Industry 4.0 Success [On-Demand Webinar] What If People and Technology Could Make Each Other Better? [Whitepaper] Dealing with Disruptions in the Food and Beverage Industry [eBook] Rapid deployment of Microsoft D365 with Alithya's FoodXpress By engaging with any sponsored content contained in this email, you're agreeing to hear from the sponsor regarding their products and services. If you have any questions, please contact support@foodindustryexecutive.com. Advertise | Submit an Article for Publication Food Industry Executive, PO Box 4120 #52574, Portland, OR 97208-4120, (833) 701-1817 Unsubscribe Manage preferences