Food and drink
World wide rice marketplaces are in disaster amid ‘artificial’ scarcity
Rice is a critical staple for more than half the global inhabitants and the globe is bracing for its most sizeable lack in 20 years. India’s export ban on rice is reverberating through world rice markets, threatening meals safety if building nations simply cannot afford to pay for or obtain rice. “The only shortage out […]
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Food-delivery startup Wonder Group gets $100 million investment from Nestle
Wonder Group has bought rights to make dishes from popular restaurants and celebrity chefs, such as Bobby Flay and José Andrés. It’s also developed high-tech kitchen equipment to speed up and simplify cooking. Wonder Group Food-delivery company Wonder Group has gotten a cash infusion from Nestle, as the startup looks to sell high-tech kitchen equipment […]
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Wall Street is asking how weight-loss drugs will affect consumer giants — but it may be too early to tell
A worker organizes cans of PepsiCo Inc. soda on a shelf inside a grocery store in Phoenix, Arizona, U.S., on Thursday, July 6, 2017. PepsiCo Inc. is scheduled to release earnings figures on July 11. Photographer: Caitlin O’Hara/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images If you listen to third-quarter corporate earnings calls, […]
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Canned tuna is a $40 billion marketplace. But it’s going through some existential threats
Valued at an estimated $40 billion, the tuna marketplace is a significant player in the world foods sector. The U.S. imported about 637.9 million lbs of tuna in 2021, in accordance to the most current information from the National Oceanic and Atmospheric Administration — nearly 71% of that was canned. The field is dominated by […]
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Bud Light tries for a comeback with a focus on sports and concerts
Anheuser-Busch InBev said it will concentrate its marketing on sporting and music events as it tries to reverse falling sales of its flagship beer Bud Light in the face of conservative backlash in the U.S. The brewing giant revealed part of its plan to revitalize the brand Tuesday after it reported third-quarter earnings that beat […]
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As Singapore’s getting older inhabitants grows, companies are courting older individuals
Citizens aged 65 and earlier mentioned make up virtually a fifth of Singapore’s population in 2023. Nicky Loh | Bloomberg | Getty Visuals SINGAPORE — Singapore’s populace is getting old fast. Citizens aged 65 and earlier mentioned make up nearly 1-fifth of the inhabitants, up 11.7% from a decade in the past, according to the […]
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G7 calls for immediate repeal of bans on Japanese foods, urgent China
Japan’s minister of financial system, trade and field Yasutoshi Nishimura (R) and Japan’s minister for overseas affairs Yoko Kamikawa (C) attend the G7 trade ministers’ conference in Osaka on October 29, 2023. Str | JIJI Press | Afp | Getty Illustrations or photos The Team of 7, or G7, industrial powers referred to as on […]
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Coke and Pepsi stocks are both struggling — but one beverage giant has more to worry about than the other
Coca-Cola Co. and Pepsi Co. soda machines stand in a shopping center parking lot in Jasper, Indiana. Luke Sharrett | Bloomberg | Getty Images Coca-Cola and PepsiCo‘s rivalry spans decades, but Coke usually comes out on top. This quarter was no different. The beverage leaders’ stocks have struggled this year, hurt by higher interest rates […]
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Beef costs are at report highs — how a great deal pricier will your steak get?
A T-bone steak, remaining, and a porterhouse. Portland Push Herald | Portland Push Herald | Getty Images How would you like your steak? Possibly exceptional, medium, or perfectly accomplished — but absolutely not additional highly-priced. Retail beef prices in the U.S. are at history highs, pushing up prices of beef-based mostly merchandise from burgers to […]
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Anheuser-Busch and UFC strike multiyear partnership, as brewer tries to turn around Bud Light sales
Bud Light, made by Anheuser-Busch, sits on a store shelf in Miami on July 27, 2023. Joe Raedle | Getty Images Anheuser-Busch InBev’s Bud Light will again become the official beer sponsor for the Ultimate Fighting Championship with a six-year marketing partnership, the companies announced Tuesday. The sponsorship deal is “well into the nine figures,” […]
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