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🚨 What You're Missing 🚨 |
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| | Sponsored message | To grow sustainably, CPG brands need more than great products. They also need strong operations. Download this free resource, based on a Nombase podcast with NetSuite expert Luxent, featuring insights from Lemon Perfect and BERO Brewing on building scalable systems for long-term success.
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📰 Today's Top Story |
| | | The chocolate category has been rather bittersweet lately, with record cocoa price inflation leaving brands scrambling through a commodity crisis by either diversifying their supply chains or passing price hikes onto consumers. Amid these pressures, some subcategories are faring better than others. Insiders can access the full story to learn how SkinnyDipped has found its niche by reaching beyond its initial product line. |
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✨ What You Need to Know ✨ |
| The online grocery boom continues (see Amazon’s addition of perishables to same-day delivery this week as evidence) with sales up 26% YoY per the latest Brick Meets Click grocery shopper survey, leading the channel to capture 17% of total grocery spending during July. Insiders can access the full data dive. |
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| Go beyond the headlines with exclusive access to our editorial team’s insights and hot takes on the latest in food and beverage. As an Insider, you’ll unlock premium newsletter content and archives along with deeper coverage on BevNET.com and Nosh.com. Plus, enjoy event and job listing discounts, along with exclusive Insider perks on Nombase, our digital community and directory for CPG professionals. Join now. |
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| The CPG industry has been buzzing with deals of all sizes. No, we aren’t talking about promos on-shelf, but rather the companies themselves. Here’s a look at some recent (and potential) transaction news you may have missed. 🐔 Daring Foods Acquired by v2food. CEO Jeff Gendelman told Nosh the partnership will leverage the scale and frozen food expertise of Ajinomoto and the proprietary protein technology of v2food, bringing the brand into new protein formats and meal occasions across retail and foodservice channels. Dive deeper here. 🍟 Jesse & Ben’s Secures ‘Seven Figures’ In New Funding. The investment round will support its expanded retail footprint and marks the first institutional funding for the Washington D.C.-based startup. Read all of the details. 🤔 Is Bachan’s Headed for a Sale? Japanese barbecue sauce slinger Bachan’s may be the latest condiment brand to explore an exit as it has reportedly hired investment banking advisory firm Centerview Partners to test the market. Read up on the rumor on Nosh. |
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🎙️ Now Streaming: CPG Week |
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Have feedback or a tip to share? Reach out to Adrianne (Assistant Managing Editor, Newsletters) at adeluca@bevnet.com.
That's all for today's Daily Briefing: Lite Edition. We'll be back in your inbox tomorrow. |
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