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DAILY BRIEFING: LITE EDITION | A preview of today's news & insights for the food industry. |
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| 📰 Today's Top Story | | | The Indiana Convention Center transformed into a real-life Candyland during the past two days of the Sweets & Snacks Expo 2024. With over 16,000 attendees and 1,000 exhibitors, we saw everything from candy-themed video games to an abundance of giant, live mascots including Nerds, Sour Patch Kids, Pringles and more. But on the floor, discussions ranged from between combating rising cocoa prices to capitalizing on seasonal opportunities and injecting global flavors into savory snacks.
Insiders can access all of our takeaways from the show, including how brands are grappling with rising cocoa costs and details on the opportunities around seasonal innovations. Join us today. |
| ✨ What You Need to Know ✨ | | | Major retailers are going all in on private-label food: Target has been growing Good & Gather, Walmart recently launched bettergoods, and, now, CVS has Well Market. Launched today, Well Market is a new store brand of snack, beverage and grocery products. 🍪 The line currently has 40 items spanning flavored nuts, spicy trail mix and plantain chips as well as cookies, popcorn, oatmeal, granola and powdered drink mixes, among others. ♻️ Many of the items will be priced between $2.99 to $8.99 and will eventually be aligned with the company's sustainability goals of 100% reusable, recyclable and compostable packaging by 2030. 💳 The strategy coincides with consumers' increasing reliance and preference for private-label products as inflation continues to push shoppers to trade down and save on food costs. |
| | | Naturally New England is hosting its first annual Pitch Slam at BevNET HQ! The event will celebrate up-and-coming brands with a community gathering and countless opportunities to connect, showcase, and grow. Here are the details: Date: May 21, 2024 Time: 5-8p Location: BevNET HQ in Newton, MA Join us! |
| 🚨 What You're Missing 🚨 | - Exclusive insights and analysis on Outfox Hospitality's bankruptcy filing and what comes next
- News that a novel sweetner is making its way toward mainstream products
- Insight to Walmart's performance post-lay offs
- Details on MrBeast and Feastables' move back into foodservice
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