Monday, July 30, 2018

Chipotle’s Comeback, Rethinking CPG + More

Latest food tech and innovation news, jobs and events.
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FEATURED
UNFI Acquires Supervalu for $2.9B, Chef'd is Back in Biz + More (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c1571793da&e=2715c96b29)
Our round-up of last week's top food innovation news.

2017 US Food & Beverage Startup Investment Report (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7da0360514&e=2715c96b29)
Introducing our first annual Food & Bev Startup Investment Report by Ryan Williams. There were $1.08b in venture capital investments across 99 deals in 2017. Check out our report for a deep dive into the deals and trends.

FoodBytes! Returns to NYC – Apply to Pitch by August 12 (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6f29034c26&e=2715c96b29) [Sponsored] (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=cc4a5de48d&e=2715c96b29)
Rabobank's FoodBytes! (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0d908f7d8c&e=2715c96b29) is returning to the Big Apple on the hunt for the world's most promising startups. Pitch to leading corporates, investors and media, get mentorship from industry experts and make life-long connections with fellow entrepreneurs.
EVENTS

rethinking cpg

Join us to hear from some of the game-changing startups who are rethinking consumer packaged goods at our Food+Tech Meetup on August 7th, 2018!

Gain Insights from Leading Entrepreneurs
* Zak Normandin, Co-Founder & CEO of DIRTY LEMON (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=687ccfb8a5&e=2715c96b29)
* Victor E. Friedberg, Executive Chairman, Lavva (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=94c7dc0da4&e=2715c96b29) ; Co-Founder, Seed 2 Growth Ventures (S2G) (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=85ede5dbf0&e=2715c96b29) ; Founder and Chairman of FoodShot (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7ff6d00bd2&e=2715c96b29) — MoonShots for Better Food
* Santiago Proaño Gómez, Brand Manager at Innovation Lab Tyson Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ad75336222&e=2715c96b29)

Meet Innovative Emerging Brands:
* RIND Snacks (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=08b73295b0&e=2715c96b29)
* Dafero (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a83d7febec&e=2715c96b29)
* Egunsi Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0ce2be2d2d&e=2715c96b29)
* The Worth Company (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ffe8be6eeb&e=2715c96b29)
* Masienda (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5e042dee05&e=2715c96b29)
* Lavva (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2aa19b8775&e=2715c96b29)
* Seek Food (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c253cd5b2f&e=2715c96b29)
* Makku (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4179f76a71&e=2715c96b29)
* Yolélé Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c85950b1dc&e=2715c96b29)
* DIRTY LEMON (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e7c0f3c491&e=2715c96b29)


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LATEST JOB LISTINGS

Contract Manufacturing Manager at Hungryroot (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=78de1d50a8&e=2715c96b29) - New York, NY

Operations Manager at Main Street Wholesale Meats (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b65e29759b&e=2715c96b29) - Farmingdale, NY

Next-Gen Farmer at Square Roots (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=86dc1bcb18&e=2715c96b29) - Brooklyn, NY

Senior Accountant at The Farm Project (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7ab2996a1d&e=2715c96b29) - Los Angeles, CA

Lead IOS Mobile Engineer at The Farm Project (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ee028c4351&e=2715c96b29) - Los Angeles, CA

Executive Assistant at DIRTY LEMON (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0c33b48e50&e=2715c96b29) - New York, NY

Social Media Manager at DIRTY LEMON (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c26e45d4a7&e=2715c96b29) - New York, NY

Lead Web UI Engineer at The Farm Project (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1e43c0ef64&e=2715c96b29) - Los Angeles, CA

Sourcing and Logistics Analyst at DIRTY LEMON (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2231d622e9&e=2715c96b29) - Los Angeles, CA

Social Media Intern (Paid) at DIRTY LEMON (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7da6603ae2&e=2715c96b29) - New York, NY

Marketing Intern (Paid) at DIRTY LEMON (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=12bb40791a&e=2715c96b29) - New York, NY

Current Accounts and Business Development Associate at Hu Kitchen (4 Point Consulting) (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=466eb72394&e=2715c96b29) - New York, NY

Business Development, Distributor Sales Manager at Hu Kitchen (4 Point Consulting) (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6b8015e62e&e=2715c96b29) - New York, NY

Manager, Digital & Email Marketing at Hu Kitchen (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=92098333be&e=2715c96b29) - New York, NY

Operations Manager at The Goods Mart (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9b0a76bd1c&e=2715c96b29) - Los Angeles, CA

Team Expansion Leader at The Good Food Institute (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=14283bc1a3&e=2715c96b29) - Remote
SEARCH MORE JOBS! (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c1d61b2349&e=2715c96b29)

the not co

CPG

US Foods to Buy Five Food Businesses for $1.8B (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=06ac4fc391&e=2715c96b29) - Wall Street Journal
The five businesses include Food Services of America Inc, Systems Services of America Inc, Amerifresh Inc, Ameristar Meats Inc and Gampac Express Inc. The companies together brought in $3.2b in net sales last year.

The Not Company Is Looking to Start a Food Revolution from Chile (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=21a43f258a&e=2715c96b29) - TechCrunch
The Not Company's first strategic objective is to dominate the Latin American market and bring healthier foods to consumers who desperately need them. It uses a machine learning technology that maps the similarities between plants and animals.

Is Flexible Film Made from Crab Shells and Tree Fibers the Future of Food Packaging? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=158948d6f3&e=2715c96b29) - Food Dive
The material is strong, transparent, compostable and has reduced oxygen permeability. It was developed by researchers at Georgia Institute of Technology.

The Wild Success of Baby Food Pouches Shows How We've Embraced the Idea of Food As Utility (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=711b636e91&e=2715c96b29) - Quartz
Food is the latest casualty to be sacrificed on the altar of a more efficient lifestyle.

Why 149 Year-Old Campbell Soup Is at a Crossroads (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3dd278c992&e=2715c96b29) - CNBC
Campbell Soup is undergoing an operational review in which it will assess the entirety of its portfolio. Its "no sacred cows" approach has left industry sources wondering whether the soup company could put itself up for sale.

Millennials' Drinking Habits Are Causing a Crisis for America's Most Iconic Beer Brands — and Now They're Banking on Nonalcoholic Drinks to Survive (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b36f4c3ed5&e=2715c96b29) - Business Insider
AB InBev announced that revenue in the US dropped by 3.1% in the second quarter as its two main brands lost market share. In response, it is growing its nonalcoholic-drinks business.

How Snapple Conquered the '90s (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=450b803ea5&e=2715c96b29) - Eater
Meet Wendy Kaufman, the pop culture icon who sold "the best stuff on Earth".

amazon food delivery

RETAIL

What Consumers Are Buying in an 'Amazon-ized' Grocery World: Consumer Expenditures Study (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=286a4bd7d3&e=2715c96b29) - Progressive Grocer
Fresh, prepared foods still present biggest opportunity for grocers.

What's So Secret About Whole Foods? Under Amazon, a Lot It Seems (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=389f93278b&e=2715c96b29) - Bloomberg
Since its acquisition, Whole Foods is now little more than a footnote in Amazon's earning statements. Barely a peep comes out of analyst calls.

Halla Launches AI-Powered B2B Food Recommendation Platform (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=bec0263958&e=2715c96b29) - The Spoon
The LA-based startup offers an AI-powered recommendation platform software that integrates with a restaurant or grocery's existing website or app to provide users with recommendations.

The Messy Business of Selling Meal Kits (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e2d774ae4f&e=2715c96b29) - Wall Street Journal
Getting perishable ingredients to customers is one of the biggest logistical challenges in the food business.

Kanbe's Markets and the Movement to Bring Groceries to a Gas Station Near You (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=42d31d6af0&e=2715c96b29) - Civil Eats
Around the nation, innovative models are bringing fresh food to more people who lack access to it.

grubhub

RESTAURANTS

Grubhub Shuts Down Eat24 (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7f658c8931&e=2715c96b29) - Skift Table
The shutdown won't be finalized until later this year, after the majority of Eat24 users have migrated over to Grubhub's platform. Diners were not sufficiently attached to the Eat24 brand.

The Dead Simple Strategy Behind Chipotle's $1.3B Second Life (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=154187e109&e=2715c96b29) - Fast Company
Chipotle's latest quarterly earnings has four things to thank: raising its prices, cheaper avocados, a maturing delivery business and a digital app that is growing at a phenomenal rate.

Takeaway.com to Buy Israeli Online Food Delivery Firm 10bis (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=38130e324d&e=2715c96b29) - Reuters
The deal amounted to $157m in cash, allowing Takeaway to strengthen its tech leadership in food delivery.

50 Years On, McDonald's and Fast Food Evolve Around Big Mac (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9ea8c0eceb&e=2715c96b29) - The Washington Post
McDonald's is fighting to hold onto customers as the Big Mac turns 50, but it isn't changing the makings of its most famous burger.

gm crop

AGRICULTURE

What Is a Genetically Modified Crop? A European Ruling Sows Confusion (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c190741c83&e=2715c96b29) - New York Times
In Europe, plants created with gene-editing technologies will be stringently regulated as GMO's. But older crops whose DNA has been altered will be left alone.

How Scientists Are Hijacking Plant Skeletons to Make "Clean Meat" Steaks (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=dd0350e8f8&e=2715c96b29) - New Food Economy
Getting cells to replicate isn't necessarily the hard part anymore. Now, it's about delivering the full taste and textural experience we associate with meat.

Feeding the World (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=58a386d217&e=2715c96b29) - National Geographic
When we think about threats to the environment, we tend to picture cars and smokestacks, not dinner. But the truth is, our need for food poses one of the biggest dangers to the planet.

The Trade War Is Causing Billions of Pounds of Meat to Pile Up in the US (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1bafbbd7dd&e=2715c96b29) - Quartz
The US has amassed more than 2.5b pounds of surplus beef, pork, poultry and turkey meat, and suppliers are running out of cold storage.

Soybean Farmers Are Surviving Trump's Trade War — Even Without His $12B Aid Package (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ea5004eef7&e=2715c96b29) - The Washington Post
Strong demand, forward contracts and existing government programs have insulated growers from the tariff's immediate impact.

meat alternatives

EATERS

Feed Your Head: Foods That Target Depression and Anxiety (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=bc60ef73cc&e=2715c96b29) - Wall Street Journal
Based on mounting research, doctors are prescribing nutrient-rich foods as a recipe for better mental health. With the help of high-profile chefs, they're doing it deliciously, too.

What Do Consumers Really Think of Meat Alternatives (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1a93fde24d&e=2715c96b29) - Food Navigator
Consumers buying plant-based proteins are keen readers of ingredient lists; they want recognizable, vegetable-based ingredients; and products that are in convenient formats that mimic meat have the most success.

Can Teaching Kids to Cook Make Them Healthier Later in Life? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=130b3fc9bd&e=2715c96b29) - Civil Eats
New research suggests that learning how to cook as a young person leads to better eating practices—and better health—later in life.


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