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Halifax Port Authority to pilot blochain-focused global trade digitization solution

The goal is to develop a highly secure digital ledger system that promotes the sharing of information across the global shipping industry.
November 26, 2018
The Halifax Port Authority (HPA), Canada, joined the digital global shipping platform developed by Maersk, Denmark, and IBM, North Castle, N.Y., where HPA will participate in a blockchain-focused global trade digitization solution known as TradeLens.
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Study: Global foodservice equipment market to reach $50B by 2025

The cooking equipment segment contributed the highest share of 31.3% in 2017, and is projected to maintain its lead through 2025.
November 26, 2018
The global foodservice equipment market generated $31.09 billion in 2017, and is expected to reach $50.04 billion by 2025, registering a CAGR of 6.40% from 2018-2025, according to a report published by Allied Market Research, Portland, Ore.
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Seattle Fish Co. of New Mexico to begin operating as Santa Monica Seafood

Santa Monica Seafood acquired Seattle Fish Co. of New Mexico, Inc. earlier this year.
November 26, 2018
Seattle Fish Co. of New Mexico, Inc., Albuquerque, N.M., will begin doing business as Santa Monica Seafood, effective Dec. 1.
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GS1 US relocates HQs to Ewing, N.J.

The new 2-story building features an open and collaborative environment and the latest technology solutions.
November 26, 2018
GS1 US relocated from Princeton Pike Corporate Center in Lawrenceville, N.J., to a new “built-to-suit” office located in the Princeton South Corporate Center in Ewing, N.J.
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Hearthside Foods acquires Greencore USA, enters fresh, refrigerated, frozen channels

This transaction adds frozen breakfast foods, refrigerated snack kits, salad kits and fresh-made sandwiches and entrées to Hearthside’s capabilities.
November 26, 2018
Hearthside Food Solutions, Downers Grove, Ill., acquired Greencore USA, the Downers Grove, Ill.-based unit of Greencore Group plc, Ireland.
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Study: QSR market to grow CAGR of 4.61% by 2022

Globally, North America accounted for the significant market share of QSRs, and is estimated to lead the overall market in the years to come.
November 26, 2018
The global quick-service restaurant (QSR) market is expected to grow at a CAGR of 4.61% during 2018-2022.
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Koelnmesse parts ways with COO, and more

November 21, 2018
Here's a recap of this week's personnel announcements.
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Kroger Ocado fulfillment center

Kroger, Ocado to build nation’s first high-tech customer fulfillment center

Kroger is investing $55 million to build the first shed.
November 20, 2018
The Kroger Co., Cincinnati, and Ocado, UK, selected Cincinnati as the site for what is said to be the nation’s first high-tech customer fulfillment center (CFC).
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sustainability farm

Rabobank: Global food price stability in 2019 threatened by trade wars, disease, El Niño

Ongoing geopolitical tension, the threat of El Niño weather system and diseases affecting livestock bring great uncertainty to the outlook for 2019.
November 20, 2018
A “melting pot” of risks, including U.S. trade war with China, disease and extreme weather will threaten global food price stability in 2019, according to research from Rabobank, The Netherlands.
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Preferred Freezer Services opens 9th NJ facility

The Kearny facility satisfies demand in the tristate area for modern and efficient cold storage warehousing services.
November 20, 2018
Preferred Freezer Services (PFS), Chatham, N.J., opened the doors to a new temperature-controlled facility in Kearny, N.J.
Read More
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