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Study: E-commerce, advanced technologies to drive growth in AS/RS market

The growing retail industry across the globe is giving rise to the installation of warehouses and management in multiple regions.
June 28, 2019
The automated storage and retrieval system (AS/RS) market is expected to witness a CAGR of 10.18% during the forecast period 2019-2024, according to a study published by Mordor Intelligence, Boston.
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Gathered Foods raises $10M to catch plant-based seafood demand

The Good Catch brand consists of plant-based proteins that offer a healthy solution to challenges facing the food supply and global environment.
June 28, 2019
Gathered Foods, a New York-based producer of the Good Catch plant-based seafood brand, closed a Convertible Note round co-led by investors and equity firms New Crop Capital, San Francisco, and Stray Dog Capital, Leawood, Kan.
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Study: 20M manufacturing jobs will be displaced by robots by 2030

Trends suggest the global stock of robots will multiply even faster in the next 20 years, reaching as many as 20 million by 2030.
June 27, 2019
The robotics revolution is rapidly accelerating, as fast-paced technological advances in automation, engineering, energy storage, artificial intelligence and machine learning converge continue to transform the capabilities of robots and their ability to take over tasks once carried out by humans.
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Survey: 46% of respondents do not understand the potential impact natural disasters have on supply chains

Despite some high-profile incidents, such as natural disasters, many businesses seem to be unaware of the disruption these external forces might have on their wider operations.
June 27, 2019
Nearly 82% of U.S. companies say they would like to expand into new markets, including 36% that are eyeing expansion opportunities in the BRICS (Brazil, Russia, India, China and South Africa) and MINT (Mexico, Indonesia, Nigeria and Turkey) countries, according to a survey released by Vuealta, London.
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Tyson Foods releases summer trends report

This summer, protein is the superhero, regardless of flavor, texture or variety.
June 27, 2019
Tyson Foods, Springdale, Ark., tapped its Tyson Trendtellers Council, made up of a dozen of the company’s top food thinkers and innovators, for their insights to create this year’s summer trends report.
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USDA estimates increase in retail price for vegetables

The farm-level vegetable producer price index declined 1.7% in 2018, but there will be an increase of 11-12% in producer prices for vegetables this year.
June 27, 2019
In the U.S. Department of Agriculture’s Food Price Outlook report, the Washington, D.C.-based agency reported that although fresh vegetable prices decreased 1% from April to May, prices are 5.2% higher than in May 2018.
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Ben E Keith Alabama distribution center

Ben E. Keith Foods announces plans for new foodservice distribution center

The new state-of-the-art facility will be designed to accommodate future expansion up to 1 million square feet to expand distribution coverage in the Southeast.
June 27, 2019
Ben E. Keith Foods, Fort Worth, Texas, announced plans to build a 425,000-square-foot foodservice distribution center in New Brockton, Ala.
Read More
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Land O'Lakes, Royal Agrifirm Group announce joint venture focused on dairy nutritional products, services

The new joint venture will initially be based in Agrifirm’s existing manufacturing plant in Tianjin, China, with plans to build a new dairy pre-mix and specialty plant on the adjacent property.
June 27, 2019
Land O’Lakes, Inc., Arden Hills, Minn., announced a joint venture with Royal Agrifirm Group, The Netherlands, to set up a dairy animal feed joint venture in China.
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HF Foods Group, B&R Global Holdings enter merger agreement

B&R Global Holdings is a food wholesaler and distributor for Asian restaurants in the United States.
June 27, 2019
HF Foods Group Inc., Greensboro, N.C., entered a merger agreement with B&R Global Holdings, Inc., City of Industry, Calif.
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Standex Refrigerated Solutions’ New Albany, MS warehouse suffers fire, but manufacturing continues

The fire has not interrupted manufacturing significantly, and the plant already returned to full production.
June 27, 2019
Standex Refrigerated Solutions Group, Salem, N.H., announced that a major fire destroyed the New Albany, Miss., warehouse where Master Bilt leases warehouse space.
Read More
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