Innovation in the yogurt market ranging from indulgence to dietary needs is expected to spur a compound annual growth rate of more than 5%, according to market research firm Technavio. Lower-sugar and plant-based varieties from Danone's Activia and Silk brands, General Mills' Oui Creme Dessert line and Chobani's high-protein Greek Yogurt with Oatmeal set exemplify these trends, writes Rebekah Schouten.
General Mills' net sales increased 21% for the fourth fiscal quarter, buoyed by a 75% spike in its US meals and baking unit and growth in all five divisions. "We've demonstrated extraordinary agility to meet the unprecedented increase in demand for food at home and to win across our categories," said CEO Jeff Harmening.
The coronavirus pandemic has permanently altered Ulta Beauty's customer experience, with the journey often beginning online where a stronger connection is being built with the individual and the brick-and-mortar visit, according to Karla Davis, senior director, integrated marketing and media at the beauty retailer. "The shift to content is a key element of how we show up and really making sure that people aren't seeing us just as commerce and as a last place to go to purchase, but how do they engage with us across their journey in a much more tangible and real and engaging way," she said.
Nestle USA is releasing the "classic" formulation of its Nesquik powders in chocolate and strawberry flavors nationwide. The move is based on customer feedback and applies to all packaging options, according to Haig Basmadjian, Nestle USA's marketing director.
Beverage debuts include Perrier's pineapple flavor and a cherry cacao green tea flavor for Minna's sparkling tea line. Sparkling Ice has released a coconut limeade flavor for its flagship line and cherry vanilla flavor for its caffeinated set while La Colombe has introduced a one-gallon, on-tap fridge pack of the coffee brand's cold brew.
FieldMicro's smart technology platform promises to automate systems to free up time and reduce costs for farmers, said CEO Mitch Brownlie. The company has also teamed with John Deere to provide farmers using the platform with an array of data about their farm equipment and to allow users to make changes to machinery remotely.
Assistant professor Erin Sparks and Ph.D. student Adam Stager collaborated at the University of Delaware Farm to create a robot. They are now using it to study phenotyping of the brace roots that are believed to be responsible for keeping plants upright.
Coca-Cola is shuttering its Odwalla chilled juice and smoothie line and a refrigerated truck network by the end of this month. The move represents the company's ongoing efforts to boost efficiencies by discontinuing underperforming brands, said John Hackett, president of Coca-Cola's Minute Maid division.
Kellogg and Keurig Dr Pepper are working with the Hy-Vee grocery chain to provide up to 1.5 million meals to Feeding America food banks this month. The End Summer Hunger campaign will donate one meal for every purchase of a qualifying brand, which includes Kellogg's Frosted Mini-Wheats as well as Club and Town House crackers and Keurig Dr Pepper's Core Hydration and Bai brands.
The King Juice Company's Calypso lemonade brand is building on last year's over 33% sales increase with a well-received package redesign and lower-calorie line launch and by expanding its distribution and social media outreach, said CEO David Klavsons. He added retail sales have offset losses in convenience channels during the coronavirus pandemic with a strong June indicating the company will hit a growth rate of more than 40% for the first half of 2020.
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