How new processing techniques have ‘great potential’ to make food more sustainable

Global food waste figures are well publicized: around one-third of all food produced for human consumption is lost or wasted. If food waste were a country, it would be the third-largest emitter of greenhouse gases behind China and the US. One way food waste can be reduced, particularly in developed countries, is by limiting the … Read more

Campbell Soup Co. sees more consumers switch to private label in condensed soup and broths

On a yearly basis (12 months ended July 31, 2022), net sales increased 1% to $8.6bn while volumes fell 6% compared to FY21. While most of its key brands including Campbell’s, Campbell’s Chunky, and Pacific Foods, remained at or slightly above FY19 market share levels, the company’s soup portfolio (while still growing) has lost some … Read more

Prices for key food commodities remain high even as overall wholesale costs dip

The Producer Price Index, which measures the cost of goods paid by manufacturers, dipped 0.5% in July from June, reversing a steady monthly increase for more than two years including a sharp increase of 1% in June and 0.8% in May, the Bureau of Labor Statistics revealed yesterday. The reversal did little to soften the … Read more

How is the cost-of-living crisis impacting the health and sustainability of shopping baskets?

The first six months of 2022 have seen global food prices surge by 12%, according to UN data. Compared to pre-pandemic figures, food prices have increased by 65%. The compounding effects of high energy prices, drought, and geopolitics have created something of perfect storm. Analysts at Morgan Stanley Research forecast that food prices will peak … Read more