Month November 2023

Ingredion profit backed by strong business model

WESTCHESTER, ILL. — An ability to mitigate the impact of cost increases through multiple levers, including pricing and mix improvements, operational excellence and productivity initiatives served Ingredion well during the third quarter of fiscal 2023, said James P. Zallie, president…

Starbucks sees three drivers to product strategy

SEATTLE — Starbucks Corp. is gearing up for new all-day snacking platforms and an elevated baked foods offering, part of a product strategy that company executives expect to lift the brand and unlock growth. In comments during the company’s “reinvention…

Tate & Lyle hires new director, board chair

LONDON — Tate & Lyle PLC has named David Hearn director, board chair and chair of the nominations committee, effective Jan. 1, 2024. Mr. Hearn will succeed Warren Tucker, who has been the interim board chair of Tate & Lyle…

Slideshow: New products in the plant-based space

KANSAS CITY — The plant-based category is expanding as more companies debut products that appeal to a wider range of consumers. To tap into the roughly 10% of US adults who identify as vegan or vegetarian, food manufacturers are innovating…

Kerry’s Biobake Fresh Rich extends shelf life

NAAS, IRELAND — Kerry has introduced Biobake Fresh Rich, an enzyme system for sweet baked foods that delivers softness, freshness and moistness perception over shelf life while reducing food waste, according to the company. The starch-acting enzyme enables sweet goods…

TreeHouse overcomes recall, supply chain disruption

OAK BROOk, ILL. — TreeHouse Foods, Inc. was able to overcome a voluntary product recall in its broth business and supply chain disruption with a packaging vendor in its pretzels and cookies businesses late in the quarter to deliver earnings…

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