Latest food tech and innovation news, jobs and events.
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FEATURED
PepsiCo's Indra Nooyi Resigns, Albertsons & Greycroft Launch $50M VC Fund, Zume to Raise $750M + More (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e0721ba834&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=31a33a7ea9&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.
SPONSORED EVENT
reductarian summit
Attend The Reducetarian Summit | 9.28 - 9.30 | Los Angeles, CA
Join hundreds of food tech celebrities, entrepreneurs, investors, media, and influencers to explore strategies for reducing societal consumption of factory farmed animal products. Sample and experience the latest innovations in plant-based food and cellular agriculture. Register here (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=98134004c4&e=2715c96b29) using the code FTC10 for 10% off the ticket price.
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LATEST JOB LISTINGS
Contract Manufacturing Manager at Splendid Spoon (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=338a31c285&e=2715c96b29) - Brooklyn, NY
Biological Scientist at ProteoSense (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=78361e318c&e=2715c96b29) - Columbus, OH
Software Engineer at Tend (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2069ba62d2&e=2715c96b29) - Bay Area, CA
Front-End Developer at Tend (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4f7dae29bb&e=2715c96b29) - Bay Area, CA
Android Software Engineer at Tend (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=98a882b845&e=2715c96b29) - Bay Area, CA
Food Loves Tech Event Manager at Edible Holdings (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3a899e27ba&e=2715c96b29) - Brooklyn, NY
Contract Manufacturing Manager at Hungryroot (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7edcc4434f&e=2715c96b29) - New York, NY
Operations Manager at Main Street Wholesale Meats (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d02369159d&e=2715c96b29) - Farmingdale, NY
Next-Gen Farmer at Square Roots (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1591870fce&e=2715c96b29) - Brooklyn, NY
Senior Accountant at The Farm Project (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=fa3e039449&e=2715c96b29) - Los Angeles, CA
Lead IOS Mobile Engineer at The Farm Project (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2c5bcdd863&e=2715c96b29) - Los Angeles, CA
Executive Assistant at DIRTY LEMON (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=15e469c7d0&e=2715c96b29) - New York, NY
Social Media Manager at DIRTY LEMON (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=38035c7b9c&e=2715c96b29) - New York, NY
Lead Web UI Engineer at The Farm Project (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8047db92c9&e=2715c96b29) - Los Angeles, CA
SEARCH MORE JOBS! (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5feab3c493&e=2715c96b29)
campbells soup
CPG
Third Point, Campbell Heir Push Soup Maker to Sell (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b9c0ea0752&e=2715c96b29) - Wall Street Journal
Activist investor Third Point LLC is pushing for a sale of Campbell Soup Co with the help of an heir to the soup company's founder. It spent more than $686m since mid-June, acquiring a 5.65% stake in Campbell.
The Organic Industry Is Lying to You (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1dba0a0f17&e=2715c96b29) - Wall Street Journal
When it comes to the $47b-a-year organic industry, the FDA gives a complete pass to blatantly false and deceptive advertising claims.
Impossible Foods Is Making 500K Pounds of Fake Meat a Month (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f328682587&e=2715c96b29) - Fast Company
It's already available in around 3k restaurants, and the company's first-ever impact report details how it plans to double production of its plant-based meat out of its Oakland facility.
Yasso: Amanda Klane and Drew Harrington (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=84057c51a3&e=2715c96b29) - Taste Radio
Yasso, a healthier and low-calorie alternative to traditional ice cream brands, racked up over $82m in sales last year. Its founders discuss how they identified an opportunity to disrupt a legacy category and the importance of value-added financial partners.
I Spent a Day at Bulletproof Alpha Labs -- Here's What Happened (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1b5d5c75bd&e=2715c96b29) - Fast Company
Dave Asprey, founder and CEO of Bulletproof, is considered by many to be the father of modern-day biohacking.
Why the Trump Administration Is Going to War with the Wine Industry (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0f43c87fa7&e=2715c96b29) - Vice
The Treasury Department is going after US businesses that both import and export wine, seeking to reverse a tax benefit that nets with wine industry $50m per year.
Trucking's Tight Capacity Squeezes US Businesses (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1253a29c76&e=2715c96b29) - Wall Street Journal
More companies are pointing to rising freight costs as a drag on earnings and growth, as trucking companies raise rates at a historic pace and empty trucks are hard to come by.
Life on Earth Acquires Just Chill (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8849e31574&e=2715c96b29) - BevNET
Just Chill is a natural functional beverage formulated with L-theanine, an amino acid that can promote relaxation and facilitate sleep. Financial terms of the deal were not disclosed.
McDonald's Buns Maker Is in a Kitchen Nightmare (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=23ffe5ba06&e=2715c96b29) - Bloomberg
Aryzta, the Swiss baking giant and maker of McDonald's burger buns was worth 6 billion euros in 2014. Now, it's worth 1/8th of that.
RXBAR: Peter Rahal (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e9855b53bb&e=2715c96b29) - How I Built This with Guy Raz
RXBAR CEO Peter Rahal shares the story of the startups meteoric rise and $600m acquisition.
aldi
RETAIL
Aldi Stores Are Getting a $5.3B Update — and the Result Is Almost Unrecognizable (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f9347ebaae&e=2715c96b29) - Business Insider
The retailer is building 800 new stores and remodeling existing locations. It is adding more fresh, organic, vegetarian and vegan items to its stores.
From Amazon to Alibaba, Grocers' Agony Is Endless (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3030570bea&e=2715c96b29) - Bloomberg
Tech advances from China's internet giants should trouble food retailers across America and Europe.
Pacific Foods Founder Gets Back to 'Basics' with Grocery Venture (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c8dc3bd89f&e=2715c96b29) - Food Dive
Chuck Eggert will soon open Basics Market, a natural store that seeks to take health, education and meal assembly to the next level.
Stop & Shop Owner Ahold Delhaize to Streamline US E-Commerce Platforms (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ec955c9b52&e=2715c96b29) - Wall Street Journal
The Dutch company plans to consolidate web sales under its Peapod online delivery service.
Where Even Walmart Won't Go: How Dollar General Took Over Rural America (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=55ce87b514&e=2715c96b29) - The Guardian
As the chain opens stores at the rate of three a day across the US, often in the heart of 'food deserts', some see Dollar General as an admission that a town is failing.
Walmart Tried to Make Sustainability Affordable. Here's What Happened (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3a24f051cc&e=2715c96b29) - Quartz
The company's efforts to operate more efficiently produced significant environmental value—and helped its bottom line. Last year, it diverted 78% of its global waste from landfills.
eating pot
RESTAURANTS
How Eating Pot Went from Crude to 'Elevated' Dining (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f8a324ed4c&e=2715c96b29) - The Guardian
Cannabis is becoming a cooking ingredient in its own right – like a grown-up pot brownie – and chefs are creating elaborate cannabis tasting menus at private dinners.
Subway Partners with Tastemade on Food Innovation Initiative (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=bd0d2e4420&e=2715c96b29) - Marketing Dive
The partnership will include thematic culinary explorations, data-driven menu inspiration, trend intelligence, global insights and marketplace innovation.
The Chicago Poke Chain That Tried to Stop Hawaiian Businesses from Using the Word "Aloha" (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f155a33657&e=2715c96b29) - The New Yorker
Aloha Poke Co's corporate strong-arming has struck many observers as the most blatant kind of cultural appropriation—an effort not to celebrate another tradition but to own it.
Wendy's Just Aggressively Expanded Delivery in North America (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4b0240a54a&e=2715c96b29) - The Spoon
The expansion is a move to better compete with McDonald's and other fast food restaurants as consumers demand more and more delivery.
calyxt
AGRICULTURE
Monsanto Was Just Ordered to Pay $289M to a Man Who Says Its Weed Killer Caused His Cancer (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d184c5141b&e=2715c96b29) - Vox
A former school groundskeeper claims Monsanto's weed killer Roundup gave him terminal cancer. The jury order could open the floodgates for thousands of other pending lawsuits.
The Future of Food (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0999018ffa&e=2715c96b29) - The Washington Post
Calyxt's "healthier" soybean oil, the industry's first true gene-edited food, could make its way into products such as chips, salad dressings and baked goods as soon as the end of this year.
Congress Is About to Legalize Cannabis. Just Not the Kind That Gets You High. (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f52d8aa566&e=2715c96b29) - The Washington Post
Lawmakers are poised to fully legalize hemp after a decades-long campaign, setting the stage for the resurgence of a once-common crop that disappeared during the war on drugs.
The Wonder Plant That Could Slash Fertilizer Use (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=40bf475b72&e=2715c96b29) - The Atlantic
The indigenous Sierra Mixe corn can fertilize itself by pulling nitrogen directly from the surrounding air. If it could be bred into conventional corn, it would be an agricultural game changer.
Why Gene Editing Is the Next Food Revolution (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=371bf50000&e=2715c96b29) - National Geographic
Crispr has the potential to boost yields, disease resistance, and taste, and even tackle allergens like gluten. It could radically change how we breed and grow crops—and scientists say they're working only with nature's tools.
EPA Must Ban Dangerous Insecticide Chlorpyrifos: What Is It? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=acca22b86b&e=2715c96b29) - National Geographic
Chlorpyrifos has been linked to low IQ and developmental problems in children, but it has been in the environment for a very long time.
Former Tyson Foods CEO Brings Chicken Farming to Rwanda — But Can It Last? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=557e714964&e=2715c96b29) - NPR
The Smith family foundation aims to build a chicken business in Africa, but the extensive project is costly and difficult, and Rwanda cannot yet support a modern poultry industry without aid money.
Investors and Food Companies Join Forces to Tackle Brazil Deforestation (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9adce9e016&e=2715c96b29) - AgFunder
Institutional investors managing over $5T have joined companies including McDonald's and Walmart to support the 'Cerrado Manifesto,' showing the strong demand for zero-deforestation food products.
Growers Are Beaming Over the Success of Lasers to Stave Off Thieving Birds (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=03de868e23&e=2715c96b29) - NPR
Laser beams that sweep erratically across crops have shown promise in protecting harvests from loss caused by birds. But researchers are still studying whether the beams may harm the animals' retinas.
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