CraftMark operates a modern, industry-leading, and highly automated bakery with seven production lines and over 500 million pounds of production capacity.
At a time of continued high inflation, trade tariff uncertainty and a difficult macro-economic environment, consumers are worried, with more than half of respondents (55%) very concerned with the rise of living costs.
Predictive analytics are accelerating R&D cycles in crop and food science. AI reduces the time and resources needed to experiment with new food products and turns traditional trial-and-error cycles into more efficient data-driven discoveries.
HoneyCrunch, a blondie brittle with a hint of lavender, took home top honors at the American Society of Baking’s (ASB) annual Product Development Competition, sponsored by the National Honey Board.
"These advancements recognize Scott and Joe's leadership, ability to deliver results and positions them to have greater impact as we continue to grow our retail business," said Jim Snee, president and chief executive officer at Hormel Foods. "I congratulate Scott and Joe on their new and important leadership roles."
More than half of Americans named exercise (59%) and a balanced diet (58%) among the top three actions a person can take to be healthy, with 22% selecting each as the number one priority.
Chinese and Japanese cuisines now rank in the top five global favorites across all age groups, while Korean and Mexican flavors are also increasing in demand
Taffet will be responsible for driving transformative growth strategies across the company's expanding snacks portfolio, which includes iconic brands like Hershey's, Reese's, Jolly Rancher and Dot's Homestyle Pretzels.
PepsiCo, Inc. announced that it has entered into a definitive agreement to acquire poppi, a fast-growing prebiotic soda brand, for $1.95 billion, including $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion.
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