Another Decrease in Germany’s Meat Production in 2023
In 2023, Germany saw a significant drop in meat production, according to the country’s Federal Statistical Office. Data from Destatis revealed a 4% decrease in...
Author : FAB Team
Adoption of AI in U.S. Transportation and Logistics Industry Lagging behind
U.S. transportation and logistics (T&L) companies are increasingly incorporating basic data analytics and artificial intelligence (AI) into their operations, with nearly 50% utilizing basic data...
Pekka Kuusniemi, CEO of Raisio, to resign from position
Pekka Kuusniemi, the CEO of Finland-based food group Raisio, has announced he will be leaving the Elovena owner in June. This development comes after Raisio...
Supply chain issues result in a reported shortage of tea
The disruption is reportedly due to Houthi attacks on vessels in the Red Sea, as well as supply and demand delays with one tea supplier....
Reliance Industries announces acquisition of Indian confectioner Ravalgaon
Reliance Industries, an Indian conglomerate, is expanding its FMCG assets by acquiring local confectioner The Ravalgaon Sugar Farm Ltd. The purchase, valued at Rs270m ($3.3m),...
Europe’s economy receives a €13 billion contribution from Diageo annually
A recent report from Oxford Economics reveals that Diageo, a global leader in beverage alcohol, is making a significant contribution to Europe’s economy. The company,...
Orkla ready to increase prices in response to rising costs
Orkla, a Norwegian food-to-hydro conglomerate, has announced its plan to increase prices this year in response to rising raw material costs, specifically cocoa, fish oils,...
Gelato d’Italia of Italy Acquires Giuntoli Assets from Administration
Italian-based Gelato d’Italia has acquired the assets of local ice lolly maker Giuntoli to strengthen its position in the food and drink industry. The purchase...
Ocho Candy Shuts Down Operations in the US
Ocho Candy, a US-based organic confectionery maker, has ceased operations after 14 years in business. The decision was made due to a “lack of ongoing...
Confex and Jisp introduce revolutionary wholesale loyalty platform
The new ‘Confex Savings Club powered by Jisp’ is described as an industry first, providing wholesalers with the opportunity to reward their retailers for buying...