Pepsi, the country’s No. 2 cola company, will introduce “Pepsi Next” to try to compete with No. 1 company Atlanta-based The Coca-Cola Co.’s popular Diet Coke, reports The Associated Press. The new Pepsi drink has about half the calories of regular Pepsi at 60 calories per can. The cola is scheduled to hit shelves nationally […]
Category: National
Posted in, Equipment & Technology, National
Social Media Redefining Americans’ Relationship With Food
How Americans learn to cook, select recipes, plan their meals, purchase their food and share their culinary secrets with others has dramatically changed, according to a new study. Called “Clicks & Cravings: The Impact of Social Technology on Food Culture,” the study finds social/digital media is replacing Mom as the go-to culinary source of knowledge […]
Posted in, National, Perishables
Chicken Prices Expected to Rise
A shortage of poultry will drive up chicken prices for consumers, according to the recently released USDA Agricultural Projections to 2021 report and featured in the February issue of Food Nutrition & Science. The USDA predicts a decline in this year’s poultry supply will drive up prices, however, the report suggests it’s temporary, and in […]
Posted in, National
AFFI’s Frozen Food Convention Matches Attendance Record
The American Frozen Food Institute (AFFI) 2012 Frozen Food Convention in San Diego, Calif., has matched the convention’s all-time attendance record set two years ago. More than 1,400 members of the frozen food industry gathered at the Manchester Grand Hyatt earlier this week. AFFI-CON delegates gathered to attend educational sessions, network at social events and […]
Posted in, National
Procter & Gamble Cutting 5,700 Jobs
Procter & Gamble (P&G) will cut 5,700 jobs by the end of fiscal 2013 as part of a $10 billion effort to reduce costs. CEO Bob McDonald told analysts today, Feb. 24, at the Consumer Analyst Group of New York conference that the cuts will come from non-manufacturing positions, Cincinnati’s Business Courier reports. The reduction […]
Posted in, National, New Products
Kellogg’s Adds To Product Offerings
Kellogg Co. is continuing to build momentum with new product innovations by introducing nearly two dozen new U.S. products in early 2012. “Throughout Kellogg history, our commitment to product innovation has built brands that consumers know and love,” said Brad Davidson, president, Kellogg North America. “The introduction of new products in the first half of […]
Posted in, Executive News, National
The Pantry Discloses CEO Hatchell’s Compensation Package
Dennis Hatchell, the newly-appointed chief executive of convenience store operator The Pantry Inc., has been offered a base salary of $750,000, plus stock options worth nearly $436,000 and a $46,100 sign-on bonus when he begins his work with the company on March 5, according to company filings with the U.S. Securities and Exchange Commission. Hatchell’s […]
Posted in, Center Store, National
Malt-O-Meal Co. Changes Corporate Name To MOM Brands
Malt-O-Meal® Co. has introduced its new MOM Brands™ corporate name and identity in a move to better showcase its growing house of brands to retailers and consumers, and to better reflect the company that it is today, according to a news release. With the introduction of the MOM Brands corporate name, the company will reinforce […]