Latest food tech and innovation news, jobs and events.
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beyond meat
FEATURED
Beyond Meat Has Top IPO of 2019, 1M Species at Risk of Extinction + More (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=60ca121225&e=2715c96b29)
Our round-up of this week's top food innovation news.
Last Chance to Apply for Rabobank's TERRA Food & Ag Accelerator (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=97befd3b0e&e=2715c96b29)
The 4-month program enables startups and corporates to co-develop new products, adapt technologies to new industries, build lasting commercial partners and more. Submit your application by Sunday, May 12.
SPONSORED
disrupt food summit
Disrupt Food Summit NYC
Consumers increasing demand for healthier and sustainably sourced food has led to significant changes in the food industry. With all these changes, what does the future hold?
Join an exceptional line-up of speakers as the future of food is discussed, enjoy lunch and a great opportunity to network with teams from Kroger, Landec Corporation, Square Roots, and other companies. Discount code FT20
Get Your Tickets! (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=dd5c6850ff&e=2715c96b29)
supplements
CPG
US Botanical Sales Top $8B, Notch 8.5% Growth, ABC Report Says (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=709d32b818&e=2715c96b29) - NutraIngredients
This is the first time sales of herbal dietary supplements has topped $8b in the US. Turmeric and curcumin led in both natural and mainstream channels.
K-Zen Beverage, a Nascent Cannabis-Infused Drink Brand, Has Raised $5M in Seed Funding (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4313a7af39&e=2715c96b29) - TechCrunch
The months-old startup represents the second cannabis-related investment for DCM after Ease, the on-demand cannabis delivery platform. K-Zen has yet to roll out its first product, a line of 2oz shots.
Foodtech Company Nutrition Innovation Raises $5M (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d8e9d5dcfd&e=2715c96b29) - PE Hub
The Series A funding was led by VisVires New Protein, and includes Enerfo Group. The company says the funding will help in its North American expansion.
Former Creative Director for Netflix Puts Water in a Can, Calls It Punk and Raises $1.6M in Funding (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a419cb0f8f&e=2715c96b29) - CNBC
Liquid Death is trying to take down bottled water by marketing itself as a sustainable alternative to energy drinks and soda. Funding was led by Science Inc.
Danone, PepsiCo Among Founders of New China Food Tech Platform (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=9530de9082&e=2715c96b29) - FoodBev
Called the China Food Tech Hub, the model has been launched by Chinese startup accelerator and venture capital firm Bits x Bites.
Nestle's US Unit Will Slice 4K Jobs in Delivery Change (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5c55e8657f&e=2715c96b29) - Bloomberg
Staff cuts will bring one-time costs of about $500m. The company will transition to a warehouse model that is now becoming an industry standard for Big Food companies looking to trim costs.
Dean Says It's Turning the Corner with Dairy Drain Set to End (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1a17c646d9&e=2715c96b29) - Bloomberg
Investors are forgiving Dean Foods for a third straight earnings disappointment after the top US dairy company said a cash burn is over as it adjusts to lower demand.
Bud Brewer Plots Asia IPO as Earnings Improve (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0cd1816418&e=2715c96b29) - Wall Street Journal
AB InBev SA said the move would help reduce its enormous debt pile and potentially help it make more acquisitions in Asia.
Cambridge University Report Says Coca-Cola's Academic Research Funding Comes with a Hitch. It Can Kill Studies It Doesn't Like (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=fe43834fe0&e=2715c96b29) - CNBC
Coca-Cola struck agreements to fund health studies at several public universities that gave the beverage maker the ability to review and kill studies it didn't like.
Campbell's Soup Changed Tomatoes' DNA and Opened Up a Can of Mystery (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=02b42bbf47&e=2715c96b29) - Quartz
New research reveals that an ancient gene mutation had an unexpected interaction with j2, a genetically mutated variety that Campbell Soup Company bred more than half a century ago.
Exploding Pam Cooking Spray Cans Prompt a Storm of Lawsuits (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=360f89a84e&e=2715c96b29) - Fast Company
Eight people are suing Conagra, the maker of Pam and other cooking sprays, after the cans exploded and severely burned and disfigured them.
cashless
RETAIL
SF Approves Ban on Cashless Stores (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f34dc92aad&e=2715c96b29) - SF Examiner
San Francisco outlawed cashless businesses Tuesday, ending a practice widely viewed as discriminatory against low income residents. Similar moves were made in Philadelphia and New Jersey.
Walmart to Open 100 In-Store Veterinary Clinics (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0723f16366&e=2715c96b29) - Grocery Dive
The retailer will also carry prescriptions for dogs, cats, horses and livestock from over 300 brands at WalmartPetRx.com and will offer home delivery. It has expanded its line with a focus on more organic and grain-free food options, vitamins and supplements.
After a Messy Breakup with New York, Amazon Is Back With a Cashierless Go Store (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0c7c404e5b&e=2715c96b29) - New York Times
The futuristic Amazon Go faces the city's notoriously brusque customers, not to mention its shoplifters. Still, the company is hopeful.
GrubMarket Makes Another West Coast Acquisition (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7e1893c7a0&e=2715c96b29) - Grocery Dive
The online grocer has completed the acquisition of VIP Wholesale, a produce and specialty food supplier based in San Diego, for an undisclosed sum.
Small, But Fierce: Why Micro-Fulfillment Centers Are Gaining Traction In Retail (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3cedec4804&e=2715c96b29) - CB Insights
Warehousing and micro-fulfillment are crucial for retailers to procure, produce and distribute products to consumers.
Food's Funny-Looking Future: 'Ugly' Produce Delivery (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1eeab12f8c&e=2715c96b29) - Wall Street Journal
Should fruits and vegetables go to waste just because they're not pretty? These home-delivery subscription services find a market for the misshapen.
Boxed Wants to Get on Store Shelves (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6af45fb34e&e=2715c96b29) - Grocery Dive
Boxed has made its name selling brand name consumables by the case, but its rising star of late has been Prince & Spring, a private label line that includes more than 100 different products.
karakuri
RESTAURANTS
UK: Robotics Startups Won't Win without Also Incorporating AI, As Karakuri's Fundraise Shows (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3246197d54&e=2715c96b29) - TechCrunch
Karakuri has now raised a £7m seed investment, led by Ocado. Funding will be used to further develop the company's technology, strengthen its IP base and expand its team for global growth.
Five Major Takeaways From the 2019 James Beard Awards (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c6bf715f65&e=2715c96b29) - Eater
This year gave us a glimpse into what may be a new baseline for the awards.
Del Taco's Vegan Beyond Meat Taco Is on Track to Become One of the Chain's Most Successful New Menu Item Launches Ever (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5286fb92a1&e=2715c96b29) - Business Insider
Del Taco has seen an increase in customer spending and traffic following the launch of its vegan Beyond Meat taco 11 days ago.
Google Lens Will Start Recommending What You Should Eat at Restaurants (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8920cf9107&e=2715c96b29) - The Verge
Lens will automatically highlight popular dishes at the restaurant, show photos and reviews from Google Maps, as well as calculate a tip and split the bill.
UK: Taco Bell Finally Adds Vegan Meat to Menu... but There's a Catch (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1ccf649370&e=2715c96b29) - VegNews
Taco Bell will launch a limited-time menu that features tacos made from oat-based meat from Finnish brand Gold & Green Foods' Pulled Oats, a vegan pork replacement made from oats, pea protein and fava bean protein.
chlorpyrifos
AGRICULTURE
California Moves to Ban Farm Pesticide That Trump's EPA Has Defended (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=05226dbde7&e=2715c96b29) - CNBC
California regulators move to ban chlorpyrifos, a controversial pesticide used on almond, citrus and grape crops in the nation's largest agricultural state.
$16B Invested in Plant-Based and Cell-Cultured Meat Since 2009 (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=80f91c4d5d&e=2715c96b29) - Food Dive
$13b of the investment was made in 2017 and 2018. Last year, $673m was invested in plant-based meat, egg and dairy companies.
Prepare for Sticker Shock. The US-Mexico Tomato War Is On (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=caf00002c3&e=2715c96b29) - New Food Economy
The US is pulling out of the Tomato Suspension Agreement with Mexico. Because more than half of the fresh tomatoes in grocery stores come from across the border, that could soon mean expensive tomatoes—and far fewer of them.
Massive Banana Disease, Worsened by Climate Change, Threatens Global Crops (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7e03806894&e=2715c96b29) - New Food Economy
Climate change has increased the risk of the Black Sigatoka by 44% since the 1970s. The disease can interrupt the fruit ripening process and depress yield by up to 80%.
China Plans Overhaul of State Agriculture Giants (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=688d0bef57&e=2715c96b29) - Bloomberg
China is said to be planning a shake-up of its massive state-run food companies in a move that's set to reverberate around global agricultural markets.
There Are Plenty of Fish in the Sea. Why Do We Eat So Few? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=124a376aca&e=2715c96b29) - New Food Economy
A new report dramatizes our reliance on a few overfished seafood species. Expanding our palates might have environmental and economic benefits—but major barriers remain.
Beef Industry Debuts Sustainability Framework (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=1e22814959&e=2715c96b29) - Food Dive
Developed over four years, the framework lays out indicators for individual operations to assess beef's sustainability—including water and land resources, animal and employee safety and more.
How Do We Forge a Nationally Linked Regional Food System? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8c860f147a&e=2715c96b29) - Modern Farmer
A New York delegation of cider makers, chefs, educators and influencers on a Glynwood organized learning expedition in Asturias, Spain.
The Biggest Little Farm Explores the 8-Year Struggle to Revive a Fallow Family Farm (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ad93e7674d&e=2715c96b29) - Vox
The director of the new documentary says farming is "a really amazing opportunity for a creative brain."
California Farmers Face Ongoing Labor Shortage, Survey Shows (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c3ebbd704c&e=2715c96b29) - New Food Economy
Fifty-six percent of California farmers have been unable to find enough laborers in the past five years.
5 Ways Congress Can Support Farmers to Mitigate Climate Change (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d52439e0d3&e=2715c96b29) - Civil Eats
Congresswoman Chellie Pingree shares her five-point plan, which includes a focus on soil health, farmland conservation and more.
ubiome
EATERS
A Microbiome-Testing Company That Has Raised $105M Has Suspended Its Two Main Tests and Puts Its Co-CEOs on Leave Following an FBI Raid (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=c2084dde4e&e=2715c96b29) - Business Insider
UBiome's co-CEOs Jessica Richman and Zac Apte were placed on administrative leave. The company has stopped selling its SmartGut and SmartJane tests.
Denver Voters Support 'Magic' Mushrooms (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d4d384b413&e=2715c96b29) - New York Times
Voters in Denver, a city at the forefront of the national debate over legalizing marijuana, have become the first in the nation to effectively decriminalize another recreational drug: hallucinogenic mushrooms.
Rhode Island District Tells Students with Lunch Debt: Only Jelly Sandwiches for You (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a714a5ff7b&e=2715c96b29) - New York Times
The new policy by Warwick Public Schools drew widespread criticism, with many saying that poorer children should not have to struggle with inadequate nutrition while trying to learn.
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Sr. Sensory Science and Insights Manager at Land O' Lakes (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d7a3222e05&e=2715c96b29) - Arden Mills, MN
Kitchen Staff @ Fast Growing Beverage Startup at Sweet a Little (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=a93cdaaa3a&e=2715c96b29) - San Francisco, CA
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