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Alibaba invests $3.3B to up majority stake in Cainiao

This move supports Alibaba’s new retail strategy to provide a seamless blend of online and offline shopping for consumers.
November 8, 2019
Alibaba Group, China, invested an additional $3.3 billion in Cainiao Smart Logistics Network, growing its majority stake in the China-based shipping affiliate.
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McDonald’s appoints new president following CEO termination, Papa John’s CFO to retire in 2020, MHI elects new chairs and more personnel announcements

November 8, 2019
Here's a rundown of this week's personnel announcements from McDonald's, Papa John's, Litehouse Foods, Hormel and more.
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Bowery farm

Bowery Farming raises $50M to innovate with existing robotics, expand crops, scale business

Bowery plans to use this capital to put additional resources toward driving innovation in agriculture science, technology, robotics and automation.
November 8, 2019
Bowery Farming, Inc., New York, raised an additional $50 million in a B+ round of financing from existing investors, including Temasek, Singapore, and Henry Kravis, co-founder of Kohlberg Kravis Roberts & Co., New York.
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GEA Freeze-dried bacteria plant

GEA opens new nitrogen freeze-drying pilot plant for testing bacteria

As more specialized strains of bacteria have emerged, so too has the need to distribute them more widely.
November 8, 2019
GEA, Germany, launched a new nitrogen freezing pilot plant for bacteria, giving food and dairy processors the opportunity to trial new technology in their own plants before investing in production-scale equipment.
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default supply chain with trucks

enVista opens additional offices in Singapore, Sydney

In response to growth in the enterprise e-commerce marketplace, enVista will provide comprehensive solutions.
November 8, 2019
enVista, Indianapolis, Ind., expanded into the Asia-Pacific (APAC) region with additional offices in Singapore and Sydney, Australia.
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Ben E. Keith breaks ground on new distribution center

Construction of the 261,000-square-foot distribution center will begin immediately, with an estimated completion date of November 2021.
November 8, 2019
Ben E. Keith Co., Fort Worth, Texas, broke ground on a new foodservice distribution center in Albuquerque, N.M.
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Research reveals complexity of private label shopping expectations

Private brands led manufacturer brands in dollar sales growth across multiple retail outlets for the second consecutive year, up 5.4%.
November 7, 2019
Newly released consumer research by Food Marketing Institute (FMI), Arlington, Va., and IRI, Chicago, reveals that food retail private brands have greater influence on where grocery customers shop.
Read More

Study: Buying less is better than buying green

Study participants who reported having fewer materialistic values were more likely to engage in reduced consumption.
November 7, 2019
Humans' overconsumption of resources – from food to transportation– is a leading contributor to global climate change, says Sabrina Helm, researcher for University of Arizona, Tucson, Ariz.
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McDonald’s to implement solar, wind energy to power restaurants

This investment means McDonald’s is said to add more renewable energy to the power supply than any other U.S. restaurant company to date.
November 7, 2019
McDonald's, Chicago, announced its commitment to energy efficiency and renewable energy with a large-scale virtual power purchase agreement.
Read More
sustainability farm

Study reveals more than half of CPG growth is from sustainability-marketed products

The research found that sustainability-marketed products delivered 50.1% of market growth from 2013-2018 while representing 16.6% of the CPG market in dollar sales in 2018.
November 7, 2019
NYU Stern Center for Sustainable Business (CSB), New York, and IRI, Chicago, launched a new Sustainable Market Share Index, an in-depth analysis of consumer purchases of products marketed for their sustainable attributes.
Read More
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