Cold Foods Industry News

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Perfect Day, Berkeley, Calif., announced the closing of $140 million Series C funding round led by Temasek, Singapore, with substantial involvement from past investors.

Soft Robotics, Bedford, Mass., announced a strategic partnership with FANUC, Japan, to accelerate the adoption of integrated soft robotic solutions into high-growth automation markets worldwide.

Technology in agriculture (ag-tech) is how to feed a growing population, make farming more sustainable and improve the lives of farm animals, say 85% of the 3,000 participants in Cargill’s new three-continent consumer survey.

Los Angeles-based ProducePay inked a $190 million debt facility from CoVenture, UK, and TCM Capital, London, to expand its purchasing model and marketplace for farmers.

The artificial intelligence (AI) in supply chain market is expected to grow at a CAGR of 39.4% from 2019 to reach $21.8 billion by 2027, according to a report published by Meticulous Research, UK.

Food Marketing Institute (FMI), Arlington, Va., released the “2019 Retailer Contributions to Health and Wellness” report, which finds grocery stores expanding their health and wellness programs.

For the first time ever, a social media-led story ranked as the most memorable story of the year, with news of the “Fast Food Chicken Sandwich Throwdown On Twitter” ranking as 2019's No. 1 food news story, according to the HUNTER Annual Food News Study, released by Hunter Public Relations, New York.

Albertsons Cos., Boise, Idaho, and Takeoff Technologies, Waltham, Mass., teamed up to collaborate on the future of grocery micro-fulfillment centers (MFC) to drive the future of e-commerce order fulfillment.