Latest food tech and innovation news, jobs and events.
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FEATURED
Bill Gates Invests in Soil, CVS Starts Selling CBD Products + More (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c2ce0ece3b&e=2715c96b29)
Our round-up of last week's top food innovation news.
How Farm.One Uses Tech to Grow 500+ Specialty Crops for Chefs (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=bef7f899ec&e=2715c96b29)
Farm.One CEO Rob Laing talks to us about how the vertical farming startup uses technology to grow over 500 specialty produce crops for chefs.
How Health Warrior Built Its Chia Supply Chain (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0e1334c370&e=2715c96b29)
Health Warrior's director of strategic sales Casey Emmett talks to us about how the chia brand built its initial supply chain for the underutilized crop.
FoodShot Global on Investing in a Regenerative, Biodiverse Food System (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c1e9bb7518&e=2715c96b29)
FoodShot Global founder Victor Friedberg talks to us about white space opportunities & capital structures for a regenerative, biodiverse food system.
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Join our team! We are hiring a part-time Event Producer (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=db6c752694&e=2715c96b29) and Digital Community Manager (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4f2ada8474&e=2715c96b29) .
keebler
CPG
Kellogg Sells Keebler, Snacks to Ferrero for $1.3B (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=02cbbcba19&e=2715c96b29) - Bloomberg
Kellogg agreed to sell its cookies and fruit snack brands including Keebler and Famous Amos to Ferrero as the cereal maker refocuses on the fast-growing parts of its business.
Upcycled Flour Maker Planetarians Snags $750K Seed Round from Barilla as Big Food Taps Novel Ingredients (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=316dbe202f&e=2715c96b29) - AgFunder
Barilla Group's BLU1877 venture arm, Techstars, SOSV, The Yield Lab and a group of angels took part in the round. The startup will use funding to continue trials with customers and enlarge the range of product applications.
Arkansas Lawmakers Have Passed a Law Against Cauliflower Rice (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d0a9aeac6a&e=2715c96b29) - Quartz
The state legislature passed a measure banning food companies from marketing "cauliflower rice" as "rice." The ban also prohibits companies that make cell-cultured and plant-based meats from marketing their products as "meat."
FDA to Update Its Definition of 'Healthy' This Summer (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=90d4a9f97a&e=2715c96b29) - Bloomberg
The new guidelines will be closely watched by food companies that are eager to market their products as healthy.
Fresh Deli Cuts Muscle Out Packaged Meats (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1c82563317&e=2715c96b29) - Wall Street Journal
Hormel, Kraft Heinz, Tyson and other companies are buying smaller deli meat brands and reformulating their ham and smoked turkey recipes to meet rising demand for fresher cuts.
Amsterdam: This Company Is Using Blockchain Technology to Eradicate Slavery in the Chocolate Industry (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2f1e17932b&e=2715c96b29) - Forbes
Tony's Chocolonely created a shared value chain platform called Beantracker to become the industry standard for the traceability of bean to bar.
Mondelez in Advanced Talks for Campbell's Cookie Assets (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7681325129&e=2715c96b29) - Bloomberg
The maker of Oreo cookies and Cadbury chocolate is in advanced talks to acquire Arnott's Biscuits, Tim Tam cookies and Kelsen Group. The parties have been discussing a price of $2.5b for the assets.
The Missing Piece in Big Food's Innovation Puzzle (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ae2c314723&e=2715c96b29) - Wall Street Journal
The world's biggest food companies harp on about the need to come up with new products. But their innovation budgets are shrinking. Investors can benefit from the contradiction if they look further up the food chain.
plated
RETAIL
Plated Scales Back Retail Distribution (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ea3affdbd2&e=2715c96b29) - Supermarket News
Plated meal kits are no longer sold at stores in the Boise, Idaho area, where Albertsons is based. The company is shrinking its retail distribution as the company reassesses its in-store market strategy.
Walgreens to Sell CBD Products in 1.5k Stores (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=75297f96dc&e=2715c96b29) - CNBC
The drugstore chain will sell CBD creams, patches and sprays in Oregon, Colorado, New Mexico, Kentucky, Tennessee, Vermont, South Carolina, Illinois and Indiana.
Germany: Berlin-Based Food Logistics Startup Lands $11M In Series A (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7c2b7188fb&e=2715c96b29) - Benziga
Maersk Growth and Alstin Fund II led the investment for Fliit. Funding will be used to accelerate growth and help the company expand geographically.
China's Grocery Delivery Battle Heats Up with Meituan's Entry (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=fa4889df7c&e=2715c96b29) - TechCrunch
The fresh grocery sector in China recorded $730b in total sales last year, with much room for online retail to grow. The field has grown a little more crowded with new entrant Meituan, which just raised $4.2b through a Hong Kong listing last year.
How to Tap into Gen Z's $143B Spending Power by Smartphone (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=79bc96f099&e=2715c96b29) - Grocery Dive
These consumers actively use mobile devices, but don't value e-commerce as much as millennials.
7-11 Is Testing Scan-and-Go Tech, Beer on Tap and Handmade Tortillas at Its New Store (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4c6ba0258f&e=2715c96b29) - The Spoon
Located in 7-11's hometown of Dallas, TX, the store will serve as a testing ground for the company to try new foods and food technologies, and see what sticks with customers.
Iceland: Your Drone-Delivered Coffee Is (Almost) Here (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=cfb6b4e0bf&e=2715c96b29) - Wall Street Journal
Icelandic subsidiary Aha, the equivalent of DoorDash or Postmates in the US, will soon expand its delivery radius to 5 miles with the introduction of more powerful drones from China's DJI.
impossible whopper
RESTAURANTS
Burger King Tests Plant-Based Meat With an Impossible Whopper (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7887b31cf6&e=2715c96b29) - Bloomberg
The chain announced a test run for the Impossible Whopper in 59 restaurants in the St. Louis area.
Toast, the Restaurant Management Platform, Has Raised $250M at a $2.7B Valuation (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4bef0f0f7c&e=2715c96b29) - TechCrunch
TCV and Tiger Global Management led the round. New capital will be used to invest in building technology to help restaurants with marketing, recruitment and operational efficiency, as well as start to think about expanding to more territories outside the US.
Crashing the C-Suite Ceiling: How Female Restaurant Leaders Are Pushing for More Diversity (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e11b344d87&e=2715c96b29) - Restaurant Dive
Even though more women work in the restaurant industry than men, fewer are represented at the executive level. Brands like Auntie Anne's, Red Lobster, Starbucks and McDonald's are making changes.
Chipotle, Panera Turn to Drive-Thrus with Fast Food Stigma Fading (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=086d080eeb&e=2715c96b29) - Bloomberg
Fast casual chains are tapping the fast food playbook as they grapple for growth. The drive-thru window is back in the limelight as chains hone in on the convenience factor.
Fast Times and Fast Food at Today's High Schools (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=aa7d143fcf&e=2715c96b29) - Wall Street Journal
Online food delivery platforms have made servicing college campuses a priority. Now, even high-schoolers no longer need to wait in lunch lines, or even visit the cafeteria.
hemp
AGRICULTURE
Pontifax AgTech Achieves 2nd Exit As Precision Biosciences IPOs with $870m Valuation (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0e1cf316da&e=2715c96b29) - AgFunder
The gene-editing startup started trading on Nasdaq stock exchange after raising a $126.4m IPO. The IPO will achieve an exit for Pontifax AgTech, which invested $12.5m in the company's $110m Series B in July 2018.
Farmers Bet Big on the South's First Organic Hemp Cooperative (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ac7ecaa705&e=2715c96b29) - Civil Eats
In Kentucky, hemp is poised to become a big industry, reviving the fortunes for farmers who once made their living growing tobacco.
Tomato Guru Aims to Take the Produce Department by Storm (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=976e950c43&e=2715c96b29) - Grocery Dive
A Cornell University professor spent 15 years creating small varieties focusing on flavor, shelf life and looks with names like Starlight and Midnight Pear.
How One Australian Agtech Startup Aims to Revolutionize Livestock Management (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8907676374&e=2715c96b29) - Forbes
Agersens is bringing GPS-enabled, solar-powered smart collars for cattle to the US through a series of partnerships with universities. The technology, known as eShepherd, enables farmers to establish virtual fences to control where their animals graze.
A Farmer's Transformation (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7861e9e2e7&e=2715c96b29) - Food Tank
A former tobacco farmer reflects on his transformation toward regenerative agriculture.
The Farm Belt Faces an Expensive Cleanup after Already-Costly Record Flooding (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e107525bff&e=2715c96b29) - CNBC
Record flooding in the Midwest and Great Plains caused at least $3b in damage to the region, and more than one-third of the tally is from agriculture.
After a Century, a Voice for the US Salt Industry Goes Quiet (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f7e8d0a396&e=2715c96b29) - NPR
The Salt Institute spent decades questioning government efforts to limit Americans' sodium intake. Critics say the institute muddied the links between salt and health. Now it has shut its doors.
Plastic Ban
EATERS
Plastic Bags to Be Banned in New York; Second Statewide Ban, After California (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=42a19a90fa&e=2715c96b29) - New York Times
State lawmakers and Gov. Andrew Cuomo have agreed to ban most single-use plastic bags; counties will have the option to impose a 5-cent paper bag fee.
European Parliament Votes to Ban Single-Use Plastics (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=820c6c32e9&e=2715c96b29) - The Guardian
The vote paves the way for a ban on single-use plastics to come into force by 2021 in all EU member states.
Could 'Alcosynth' Provide All the Joy of Booze -- without the Dangers? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=450ee4faee&e=2715c96b29) - The Guardian
Scientist David Nutt memorably said alcohol is more dangerous than crack. Now, he is trying to invent a healthy synthetic alternative, and the race is on to get it to market.
Avocado Shortages, Virgin Margaritas: Border Shutdown Would Hit American Palates (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=67469a4b30&e=2715c96b29) - New York Times
Nearly half of all imported US vegetables and 40% of imported fruit are grown in Mexico. Trump's threat to shut down the US-Mexico border would hit American consumers -- in the gut.
What Does "Local" Mean? And Is It Really Better? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9d04e3dd4a&e=2715c96b29) - New Food Economy
We consumers think that long distance travel for food must cost more, damage the food, require chemicals to extend shelf life, and consume fossil fuels that end up polluting our environment. But is this really true?
Puerto Rico Faces a Food Crisis That Was Decades in the Making (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=252f800e5f&e=2715c96b29) - New Food Economy
This week's Congressional scuffle over aid for Puerto Rico highlights a Reagan-era food policy that continues to starve the island.
Discovery Aims to Be the Netflix of Nonfiction Streaming, From Food to Natural History (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=90d23c92de&e=2715c96b29) - Wall Street Journal
The company, home to TV channels including Discovery, Food Network and HGTV, plans to slice and package its content into streaming plans catering to everyone from foodies to home-improvement junkies.
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