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Home » Topics » Cold Foods Industry News

Cold Foods Industry News
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Study: Global energy as a service market projected to reach $86.9B by 2024

The global energy as a service market is projected to reach $86.9 billion by 2024, up from an estimated $52 billion in 2019, at a CAGR of 10.8%.
July 31, 2019
The global energy as a service market is projected to grow at a CAGR of 10.8% from 2019-2024, according to a study released by Report Linker, New York.
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OPTIMA opens new logistics center

The EUR 20 million Optima Logistics Center was built on a former military site.
July 31, 2019
OPTIMA packaging group GmbH, Germany, opened the doors to a new logistics center, situated in the Solpark industrial park in Schwäbisch Hall, Germany.
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Researchers use electrical signaling to detect bacteria

The researchers’ findings could lead to development of medical devices that can rapidly detect live bacterial cells in food and beverage applications.
July 31, 2019
Researchers at the University of Warwick, UK, found that bacteria can be detected in minutes by zapping it with electricity.
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Study: Retailers’ spending on AI services to reach $12B by 2023

Retailers will face an AI adoption race, where AI-equipped retailers will displace slower moving retailers.
July 31, 2019
The global spending by retailers on artificial intelligence (AI) services will reach $12 billion by 2023, up from an estimated $3.6 billion in 2019, and over 325,000 retailers are projected to adopt AI technology over the period, according to a new study by Juniper Research, UK.
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Survey: Consumer products companies waste 60% of their digital transformation investments

The survey found that physical and digital routes to market continue to converge rapidly.
July 31, 2019
More than half of companies’ digital transformation investments, in the form of marketing and trade spend, are being wasted, according to a new survey by AlixPartners, New York.
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hoopo raises $3.5M in seed funding to scale up business

hoopo’s geolocation solution enables companies to locate their valuable assets utilizing low-power wide area (LPWA) networks.
July 30, 2019
hoopo, Los Angeles, announced a $3.5 million funding round from Chartered HighTech JIHTV1 fund, Singapore; TAU Ventures, Israel; and Global IoT Technology Ventures (GiTV), Japan, totaling $5 million from previous rounds from initial investors.
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Research shows value of wearable technology in reducing workplace injuries

The study demonstrated how to capture a worker’s safety performance and translate the data into personal fatigue levels.
July 29, 2019
The American Society of Safety Professionals (ASSP) Foundation, Park Ridge, Ill., released a fatigue research report that shows the value of wearable technology in the workplace.
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Associated Wholesale Grocers announces partnership with RSA America

RSA America’s mobile platform allows retailers real-time coupon validation and management at every touch point of the redemption process.
July 29, 2019
Associated Wholesale Grocers (AWG), Kansas City, Kan., established a partnership with RSA America (RSA), a Schaumburg, Ill.-based supermarket technology company.
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Verus International MLB ice cream

Verus International acquires Big League Foods introduces MLB-branded ice cream

These flavors will initially be branded under the Chicago Cubs, Boston Red Sox, New York Yankees and Philadelphia Phillies logos in their respective markets.
July 29, 2019
Verus International, Inc., Gaithersburg, Md., acquired Big League Foods, Inc., a Rocklin, Calif.-based holder of a license with Major League Baseball Properties, Inc. (MLB), New York, to sell MLB-branded frozen dessert products and confections.
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USDA scientist invents new uses for produce

Tara McHugh has created multiple products to recover that waste and turn it into something valuable.
July 29, 2019
Tara McHugh, center director for USDA’s Agricultural Research Service (ARS), Washington, D.C., investigated ways to take food processing waste and turn it into value-added products.
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