The Food and Drug Administration (FDA) has recently come under scrutiny for falling short of its facility inspection targets, as detailed in the Food Safety: FDA Should Strengthen Inspection Efforts to Protect the US Food Supply report published by the US Government Accountability Office (GAO). The report, which covers the period between fiscal year 2018 and fiscal year 2023, assesses the FDA’s compliance with annual domestic and foreign food inspection targets mandated by the Food Safety Modernization Act (FSMA).

According to the GAO report, there were 75,000 domestic food facilities subject to FDA inspection under FSMA by the end of fiscal year 2023, with over 17,000 considered high-risk and nearly 58,000 classified as non-high risk. However, the FDA failed to meet its domestic inspection targets, which require high-risk facilities to be inspected at least once every three years and non-high-risk facilities to be inspected at least once every five years since fiscal year 2018.

The report highlighted that in fiscal year 2019, the FDA did not inspect approximately 7% of high-risk domestic food facilities as required by FSMA. This percentage increased to 40% and 49% in fiscal years 2020 and 2021, respectively. Similarly, the percentage of non-high-risk facilities that were not inspected by their cover-by dates increased from about 38% to nearly 74% during the same period.

In terms of foreign inspections, the FSMA mandates the FDA to inspect 19,200 foreign food facilities annually. However, the GAO found that the FDA did not meet its foreign inspection targets between fiscal year 2018 and fiscal year 2023. The FDA conducted an average of 917 foreign food safety inspections each year, representing only about 5% of its target for this period.

The GAO also identified the top five types of foods inspected by the FDA during the same period, with bakery products ranking second in domestic inspections and fifth in foreign inspections. Despite the FDA’s efforts to address these shortcomings by increasing staffing levels and retaining qualified investigators, the GAO believes that more needs to be done. The report noted that the FDA has not determined the appropriate number of investigators for foreign inspections and lacks a performance management process for assessing its inspection efforts.

To address these issues, the GAO recommended that Congress direct the FDA to conduct an analysis to determine an annual foreign inspection target. The report also provided three recommendations for the FDA: determine the appropriate size and workload of its foreign investigation team, conduct an analysis to determine the right number of foreign inspections per year, and develop a performance management process for assessing its inspection efforts.

In conclusion, the GAO emphasized the importance of food safety inspections in safeguarding the US food supply and urged the FDA to take necessary steps to improve its inspection efforts. By implementing the recommendations outlined in the report, the FDA can enhance its ability to ensure the safety of imported food and protect the health of American consumers.

Canadian farmers are concerned that Bunge’s acquisition of Viterra will lessen competition.

Ess Seshat

17 January 2025

Farmers in Canada are expressing concerns over the approval of US grain trader Bunge’s $34-billion takeover of Viterra, backed by Glencore. They fear that this merger will limit their options to sell crops at competitive prices and reduce their leverage in the market. These fears stem from the fact that the government did not require enough concessions from Bunge to address the potential negative impacts on farmers.

The approval of this merger with conditions was a crucial step in finalizing the largest-ever global agriculture merger by dollar value. Many experts had anticipated that asset sales would be necessary to alleviate concerns of overlapping businesses in the country. However, farmers in Canada, particularly those in the canola and wheat sectors, are already facing challenges due to years of drought and low commodity prices. The consolidation among grain traders could further exacerbate their struggles and hinder their ability to negotiate fair prices.

The Agricultural Producers Association of Saskatchewan president, Bill Prybylski, voiced the concerns of farmers, stating that they will be the ones to suffer the consequences of this merger. The combination of Bunge’s oilseed-crushing plants with Viterra’s grain storage, shipping, and processing facilities, along with Bunge’s stake in G3, could potentially limit competition in certain areas, leading to reduced options and lower prices for farmers.

In response to these concerns, Transport Minister Anita Anand imposed conditions on the approval, including the sale of six Western Canada grain elevators and two oilseed-crushing plants by Bunge. Additionally, Bunge officials on G3’s board of directors will be replaced with independent directors. Despite these conditions, farmer groups such as the Grain Growers of Canada believe that the concessions are not sufficient to offset the negative impacts of the merger, estimating an annual cost of $770 million for farmers.

The president of Keystone Agricultural Producers, Jill Verwey, welcomed the ordered sale of an oilseed crushing plant as a step in the right direction to address farmers’ concerns. Bunge, which announced the proposed merger in 2023, anticipates closing the deal early this year, pending approval from Chinese authorities, which is the final major hurdle.

A study conducted in 2024 by agricultural economists commissioned by farmer organizations highlighted that the merged company and G3 would control 45% of Vancouver port grain terminal capacity. Despite these concerns, the Competition Bureau in Canada dismissed them, stating that port terminals primarily serve their owners’ needs and do not compete for export business with other companies.

Overall, farmers in Canada are apprehensive about the implications of the Bunge-Viterra merger on their livelihoods and the agricultural industry as a whole. The government’s approval with conditions may not be enough to address their concerns, and they are calling for more stringent measures to protect their interests in the face of increasing consolidation in the grain trading sector.

Blueberries from Tasmania are now available in the market despite a delayed beginning

Ess Seshat

17 January 2025

Tasmanian blueberries are currently experiencing a successful season, with high volumes and exceptional fruit quality. Despite a slightly delayed start, the blueberry harvest is now in full swing, providing consumers with fresh and flavorful berries.

Tru Blu Berries, a family-owned farm located in the Huon Valley, has been cultivating blueberries in Tasmania for over 40 years. Sharon Keetch, who operates the farm alongside her brother Damien Clark, highlighted the superior taste of Tasmanian blueberries due to the region’s temperate climate and optimal growing conditions. Keetch expressed pride in offering locally grown blueberries to the Tasmanian community, emphasizing the premium quality and freshness of the fruit.

Although New South Wales remains the primary producer of blueberries in Australia, Tasmania holds the second position in terms of production. In the previous season, Tasmanian growers yielded approximately 2,200 tons of blueberries, representing around 11% of the country’s total production. While most of the blueberries are distributed within the domestic market, a small portion is exported to international markets.

The cultivation of blueberry plants in Tasmania encompasses both open fields and tunnels, benefiting from the region’s fertile soils, clean water sources, and favorable climate. These factors contribute to the production of high-quality, sweet, and flavorful blueberries that are renowned for their freshness and taste. Peter Cornish, the CEO of Fruit Growers Tasmania, praised the superior quality of locally grown blueberries and encouraged consumers to choose Tasmanian produce to support the local farming community.

By opting for Tasmanian blueberries, consumers not only enjoy the best product but also contribute to the sustainability of local agriculture. The commitment to purchasing Tasmanian-grown blueberries fosters a mutually beneficial relationship between consumers and farmers, promoting economic growth and agricultural sustainability in the region.

As the blueberry season progresses, the supply is expected to continue until March, with peak production levels anticipated from early January to mid-February. The abundance of Tasmanian blueberries offers consumers a wide selection of fresh and delicious fruit, ensuring a steady supply throughout the harvesting period.

To stay updated on the latest news and developments in the Tasmanian blueberry industry, interested individuals can subscribe to newsletters provided by local growers and industry organizations. By subscribing to these newsletters, individuals can receive timely updates on harvest schedules, product availability, and special promotions, enabling them to make informed decisions when purchasing Tasmanian blueberries.

Overall, the success of the Tasmanian blueberry season reflects the dedication and expertise of local growers, who strive to cultivate premium-quality fruit for consumers to enjoy. With a focus on sustainability, freshness, and flavor, Tasmanian blueberries continue to be a popular choice among consumers seeking high-quality produce from a reputable and reliable source.

Höegh Autoliners secures two contracts for shipping automobiles

Ess Seshat

17 January 2025

Norway’s leading car shipping company, Höegh Autoliners, has recently secured new shipping contracts with two major international car manufacturers. These contracts, valued at over $100 million each, are set to commence in January and May of this year at rates that reflect the current market level. With a fleet of approximately 40 vessels, Höegh Autoliners will be responsible for transporting cars in its key trade lanes until April 2029 under one contract, while the other contract will last for two years with an option for a two-year extension.

Andreas Enger, the CEO of Höegh Autoliners, expressed his excitement about these new contracts, stating that they are an important milestone in the company’s efforts to build a solid contract backlog and support strategically important customers. This news comes on the heels of the company landing its most significant contract in 2024, both in terms of value and volume, to ship cars for five years starting in January 2025.

These recent developments underscore Höegh Autoliners’ commitment to providing reliable and efficient car shipping services to its clients. With a strong track record of delivering high-quality services and a focus on building long-term partnerships with customers, the company continues to solidify its position as a leader in the car shipping industry.

The company’s success can be attributed to its dedication to providing exceptional service, investing in state-of-the-art technology and infrastructure, and maintaining a strong customer focus. Höegh Autoliners’ ability to adapt to changing market conditions and meet the evolving needs of its clients has set it apart as a trusted and reliable partner in the industry.

In addition to its commitment to excellence in service delivery, Höegh Autoliners also places a strong emphasis on sustainability and environmental responsibility. The company is actively working to reduce its carbon footprint and minimize its impact on the environment through the implementation of eco-friendly practices and initiatives.

As Höegh Autoliners continues to expand its global footprint and strengthen its position in the market, it remains focused on delivering value to its customers and driving innovation in the car shipping industry. With a strong pipeline of contracts and a reputation for excellence, the company is well-positioned for continued success in the years to come.

In conclusion, Höegh Autoliners’ recent success in securing new shipping contracts with major international carmakers is a testament to the company’s strong reputation, commitment to quality, and focus on sustainability. As the company continues to grow and expand its presence in the market, it is poised to remain a key player in the car shipping industry for years to come.

The cost of Chilean cherries in China rebounds

Ess Seshat

17 January 2025

In recent days, the Chilean cherry market in China has experienced a significant turnaround after reports of falling prices due to an oversupply of fruit. This shift has been attributed, in part, to the unexpected engine failure of the Maersk Saltoro vessel, which delayed the arrival of 1,100 containers of cherries, primarily the Regina variety. This delay has resulted in a reduction in available fruit stock levels, leading to an increase in prices and a revitalization of the market.

Iván Marambio, the president of Frutas de Chile, confirmed the reactivation of Chilean cherries in the Chinese market through a video update on social media. He reported being on the ground in China, witnessing the movement of Chilean fruit and the rebound in prices. Marambio noted that the market has picked up significantly, with 800 containers being opened daily. Despite the temporary price fluctuations, he emphasized the resilience of the fruit industry and the importance of continued efforts to sustain its success.

Julio Ruiz-Tagle, the Asia & Americas Manager at D-Quality Survey, also witnessed the market’s recovery and the rise in cherry prices following the vessel’s engine failure. He highlighted the impact of the delayed containers on reducing fruit stock levels, leading to improved prices and increased sales to clear out older stock. Ruiz-Tagle noted that prices and demand are now stabilizing, with a noticeable price increase observed between the first and last openings of the day.

As of January 15, prices for a box of 2-in-1 or 2 JD cherries, including varieties like Lapins, Santina, Regina, and Skeena, ranged between 230 and 260 yuan. Ruiz-Tagle predicted that prices could reach 280 yuan by the end of the week, reflecting the market’s gradual recovery. He also provided a detailed analysis of the price fluctuations, noting that the drop occurred between January 1 and January 11, marking a rare occurrence in the market over the past 13 years.

Ruiz-Tagle highlighted the activation of markets across China, including cities like Gaobeidian, Zhengzhou, Dalian, Wuhan, and Changsha, where multiple shipments of fruit have arrived directly. The expansion of ports receiving Chilean cherries, such as Tianjin, Dalian, Nansha, Hong Kong, and Shanghai, indicates a diversification of market channels and a positive step towards reducing dependency on a single market.

Overall, the recent developments in the Chilean cherry market in China demonstrate the resilience and adaptability of the fruit industry in responding to challenges like oversupply and transportation delays. The rebound in prices, coupled with stable demand and market activations, signal a positive outlook for the industry’s future growth and expansion into new markets. By leveraging these experiences and lessons learned, stakeholders can continue to strengthen the Chilean cherry trade and ensure its sustainable success in the global market.

Seafood fair from Japan’s Hokkaido held at California supermarkets

Ess Seshat

17 January 2025

Hokkaido, a region known for its premium seafood products, is gearing up to host the “Hokkaido Japan Seafood Fair” in California from January 22 to 28. This event, which has been an annual tradition since 2021, will be held in Torrance, a city in the southern part of Los Angeles County. The fair will showcase around 20 products from six Hokkaido-based companies, aiming to captivate the US market with their high-quality offerings.

One of the highlights of this year’s fair is the frozen scallop meat, which has been gaining popularity in the US market. Additionally, attendees can look forward to experiencing salt-cured autumn chum salmon and premium salmon roe. The fair will also feature wild yellowtail and black flounder prepared in koji seasoning, making them perfect for a variety of dishes such as meuniere or for inclusion in ready-to-eat meals and bento boxes.

This event is part of Hokkaido’s “Seafood Export Expansion Promotion Project,” which aims to diversify export destinations and product offerings while transitioning from raw material exports to high-value-added products. The results from the 2023 fair were impressive, with sales totaling $11,378 from 575 items sold over the week-long event, according to a report from Hokkaido officials.

In addition to the US market, Hokkaido has also been expanding its seafood sales in Taiwan and Hong Kong during the 2024 fiscal year. Utilizing retail outlets and online platforms, the region has been able to reach consumers in these markets successfully. Looking ahead, Hokkaido plans to host a live surf clam and oyster exhibition and business meeting in Singapore in early March, with a focus on leveraging social media to promote this initiative and strengthen its presence in the global seafood market.

The “Hokkaido Japan Seafood Fair” serves as a platform for Hokkaido-based companies to showcase their premium seafood products to the US market, with the goal of expanding their reach and increasing sales. By participating in events like this, Hokkaido is able to highlight the quality and diversity of its seafood offerings, attracting the attention of international buyers and consumers.

As part of its efforts to promote seafood exports, Hokkaido is focused on developing high-value-added products that cater to the preferences of different markets. By diversifying their product offerings and export destinations, Hokkaido aims to establish itself as a key player in the global seafood industry and strengthen its position as a leading supplier of premium seafood products.

In conclusion, the “Hokkaido Japan Seafood Fair” is a testament to Hokkaido’s commitment to promoting its premium seafood products on the international stage. Through events like this, Hokkaido is able to showcase the quality and diversity of its seafood offerings, attracting the attention of buyers and consumers from around the world. With a focus on expanding its reach and increasing sales, Hokkaido is well-positioned to continue making a mark in the global seafood market for years to come.

New Mexico State University will be in charge of organizing a workshop on plant pathogens.

Ess Seshat

17 January 2025

New Mexico State University to Lead Plant Pathogen Workshop

New Mexico State University (NMSU) is set to host a workshop on plant pathogens during the 2025 New Mexico Chile Conference in February. The workshop, titled “Spring Institute on Phytophthora Research and Extension,” will be led by Soum Sanogo, a professor of fungal plant pathology in the College of Agricultural, Consumer and Environmental Sciences. The event will take place on Monday, February 3, from 8:30 a.m. to 1:30 p.m. at the New Mexico Farm and Ranch Heritage Museum in Las Cruces.

The workshop aims to disseminate information from a multi-state research project focused on combating Phytophthora blight caused by a soilborne pathogen known as Phytophthora capsici. This pathogen is responsible for causing fruit rot, root rot, rapid wilting, and plant death in various vegetables and fruits such as melons, cucumbers, pumpkins, squash, peppers, tomatoes, eggplants, snap beans, and lima beans.

Funding for this research project comes from a $5.9 million grant from the National Institute of Food and Agriculture’s Specialty Crop Research Initiative, which is part of the U.S. Department of Agriculture. The workshop is open to a wide range of participants including crop and soil health specialists, county Extension agents, growers, processors, agricultural practitioners, K-12 science teachers and students, post-secondary students, 4-H and FFA members, and the general public. Attendees can expect to gain insights into Phytophthora blight, its impact on crops, and updates on research efforts to combat the disease.

Soum Sanogo, along with other experts in the field, will provide valuable information and strategies for managing plant pathogens effectively. The workshop serves as an opportunity for knowledge sharing and collaboration among industry professionals, researchers, educators, and students. Participants will have the chance to engage in discussions, network with peers, and gain practical skills to address plant pathogens in their respective fields.

The event promises to be informative, engaging, and relevant to anyone involved in agriculture, horticulture, or plant science. Attendees can expect to leave with a deeper understanding of plant pathogens, practical solutions for disease management, and valuable connections within the industry. The workshop aligns with NMSU’s commitment to research, education, and outreach in the field of agricultural sciences.

For more information about the workshop and to register, visit the official website of New Mexico State University. Stay updated on the latest developments in plant pathology and join the conversation on combating plant pathogens for a more sustainable and resilient agricultural industry.

Source: New Mexico State University

Publication Date: Fri 17 Jan 2025

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In conclusion, the workshop organized by New Mexico State University provides a valuable opportunity for stakeholders in the agricultural industry to learn about and address plant pathogens effectively. With expert-led sessions, interactive discussions, and practical insights, participants can enhance their knowledge and skills in managing plant diseases. The workshop reflects NMSU’s dedication to advancing research and education in agriculture while fostering collaboration and innovation in the field of plant pathology.

The Influence of President Donald Trump on the Global Food and Beverage Industry

Ess Seshat

17 January 2025

In the wake of Donald Trump’s victory in the 2024 election, the food and drink industry is bracing for potential changes as the new president has already promised significant import taxes on goods coming into the United States. Trump, known as the ‘Tariff Man’, has indicated that countries, especially China, could face tariffs as high as 60%. With Trump’s pledge to “make America great again”, many are wondering what impact his policies will have on the food and drink sector during his second term in office.

One of the key areas of concern is the implementation of tariffs. Experts believe that Trump will follow through on his promises to deploy tariffs, potentially as high as 20%. This could have significant implications for the global food and drink trade, particularly with the European Union, which has seen a significant increase in agri-food exports to the US in recent years. Trump’s disdain for international trade deals could mean that existing agreements may need to be renegotiated or cancelled to prioritize America’s interests.

Brexit Britain, on the other hand, could potentially benefit from Trump’s focus on larger trading partners like the EU. With a more balanced trade relationship with the US, the UK may be able to avoid the worst of Trump’s tariffs. However, Trump’s threats to impose tariffs on the EU unless they buy more American products could have wider implications for the global economy.

The introduction of tariffs is likely to lead to inflation in the US, as consumers and manufacturers will bear the brunt of the increased costs. This could result in higher prices for imported goods, further impacting the food and drink industry. As tariffs are expected to impact a significant portion of US imports, inflation rates could see a notable increase, according to economic forecasts.

Despite the challenges posed by Trump’s trade policies, many European food and drink businesses are looking to expand into the US market. European bakeries, in particular, have been eyeing opportunities in North America, where there is a gap in the market for their products. Some European manufacturers have even established manufacturing sites in the US, anticipating growth and seeking to capitalize on the benefits of operating closer to their target market.

In response to Trump’s election victory, food and drink trade bodies in the US have called for increased funding for agriculture and food science. Collaborating with the incoming administration to support innovation and research in the sector is seen as crucial for the industry’s growth and development. Urgent action is needed to pass new legislation that addresses the evolving needs of US agriculture, as well as to provide funding for research and expertise in food science.

Overall, the food and drink industry is bracing for potential challenges and opportunities under Trump’s leadership. With the implementation of tariffs and the potential for inflation, businesses will need to adapt and strategize to navigate the changing landscape of international trade. Collaboration with the government and investment in innovation will be key to ensuring the sector remains resilient and competitive in the face of uncertainty.

Spindrift appoints ex-Boston Beer executive as CEO, and sells controlling interest to private equity company.

Ess Seshat

17 January 2025

Spindrift Beverage, a popular sparkling water company, recently announced that it will be selling a majority stake to private equity firm Gryphon Investors. This decision was accompanied by the appointment of Dave Burwick, former head of Boston Beer, as the new CEO of Spindrift. The company’s founder and current CEO, Bill Creelman, will transition into the role of chairman as part of this change in leadership.

Founded 15 years ago, Spindrift has experienced rapid growth in the beverage market, particularly among consumers seeking lower sugar options with recognizable ingredients. Despite facing fierce competition from established brands like LaCroix and newcomers like PepsiCo’s Bubly, Spindrift has carved out a niche for itself by offering low-sugar, low-calorie sparkling water infused with real fruits like strawberries, peaches, and grapefruit.

The decision to sell a majority stake to Gryphon Investors reflects a significant milestone for Spindrift, with the company expected to be valued at over $650 million. This strategic move is a testament to the brand’s success and its ability to resonate with consumers looking for natural and refreshing beverage options.

Dave Burwick’s appointment as CEO brings a wealth of experience in the beverage industry, having held leadership positions at Boston Beer, Peet’s Coffee, and Weight Watchers. With a deep understanding of consumer preferences and market dynamics, Burwick is poised to lead Spindrift into its next phase of growth and innovation.

In a statement announcing the sale, Creelman expressed pride in Spindrift’s journey over the past 15 years and his confidence in the brand’s continued success under Burwick’s leadership. Despite facing challenges early on, including production issues and difficulty securing retail partnerships, Creelman’s perseverance and dedication have paid off, leading to Spindrift’s current position as a market leader in the sparkling water category.

Looking ahead, Spindrift remains committed to its mission of offering beverages that are rooted in natural ingredients and authentic flavors. With Burwick at the helm, the company is well-positioned to capitalize on its strong brand reputation and loyal customer base to drive further growth and expansion.

Overall, the partnership between Spindrift and Gryphon Investors, coupled with Dave Burwick’s leadership, sets the stage for an exciting new chapter in the company’s evolution. As the beverage industry continues to evolve, Spindrift is poised to remain a key player in the market, delivering innovative and refreshing products that resonate with consumers seeking healthier and more natural beverage options.

Industry Adjusts to Record-High Cocoa Prices

Ess Seshat

17 January 2025

The cocoa industry has faced unprecedented challenges in 2024, with cocoa prices reaching historic highs. After peaking at $12,261 per ton in April, prices surged once again in December, hitting an all-time high of $12,646 per ton. This increase of 177.39% throughout the year was driven by various factors such as weather disruptions, regulatory uncertainty, and diminishing volumes.

As the cocoa crisis continues into the 2024-2025 season, manufacturers are exploring new strategies to navigate the uncertainties in the industry. One key trend is the growth of alternative chocolate products, made without traditional cocoa. Brands are experimenting with ingredients like carob, fermentation processes, and cell-based cocoa to create products that mimic the taste and texture of chocolate while avoiding the high costs associated with conventional cocoa.

Large confectionery companies are also taking action to address the challenges in the cocoa market. Initiatives like Barry Callebaut’s Future Farming Initiative and Nestlé’s Cocoa Plan aim to improve sustainability, support cocoa farmers, and ensure a stable supply chain for chocolate production. These efforts are crucial for securing the future of chocolate production in the face of rising costs.

In response to high cocoa prices, brands are facing a pricing dilemma in the retail sector. With cocoa prices expected to remain high in the medium term, confectionery prices are likely to rise in 2025. To mitigate the impact on consumers, brands must innovate and differentiate themselves to maintain consumer loyalty and attract spending in a competitive market.

Overall, the cocoa industry is undergoing significant changes in response to the challenges of escalating prices and supply chain disruptions. By embracing alternative ingredients, sustainable practices, and innovative initiatives, manufacturers can adapt to the changing landscape of the cocoa market and ensure the future of chocolate production.

Gain an Advantage: Utilize AI-Powered PLM to Uncover Key Insights for Success

Ess Seshat

17 January 2025

Product lifecycle management (PLM) software is a critical tool for food and beverage processors to manage the various aspects of their products, from design and ingredients to packaging and distribution. Traditionally used alongside ERP, manufacturing execution systems (MES), and inventory systems, PLM has evolved with the integration of AI and ML (machine learning) technology to enhance its capabilities.

AI and ML have revolutionized PLM by providing predictive capabilities that enable processors to anticipate consumer trends and preferences. By analyzing data from sources such as social media, sales data, and market research reports, AI can identify patterns and emerging trends that may not be immediately apparent to humans. This valuable insight allows manufacturers to make informed decisions and adapt quickly to changing consumer demands.

One of the key challenges in leveraging AI insights is integrating data across different organizational silos. Companies must bring together disparate data sets and clean them efficiently to identify common elements for analysis. AI facilitates this process by allowing data to be joined and analyzed effectively, giving companies a competitive edge in the market by predicting consumer trends and preferences accurately.

Tools like PLM, ERP, and MES are essential for food processors to manage product development, procurement, production, and marketing effectively. Advanced analytics platforms like Microsoft Azure, Power BI, and Tableau further enhance these systems, enabling decision-makers to interpret complex datasets and respond swiftly to changing market trends. This integrated approach ensures that processors not only understand consumer preferences but also drive innovation and efficiency in their operations.

A cloud-based PLM application serves as a single source of truth for product data, ensuring accuracy in compliance with regulations and product safety requirements. By centralizing information on ingredients, packaging, and production processes, PLM streamlines multidisciplinary engineering teams and facilitates faster recipe changes and production scaling. This digital approach to PLM allows manufacturers to manage brand assets efficiently and streamline program planning for greater impact in the marketplace.

In conclusion, the integration of AI and ML technology in PLM systems has revolutionized the way food and beverage processors manage their products. By leveraging predictive capabilities and advanced analytics, manufacturers can stay ahead of consumer trends and preferences, driving innovation and efficiency in their operations. A cloud-based PLM application serves as a central hub for product data, enabling seamless collaboration and decision-making across different departments. With the right tools and technologies, food processors can navigate the complexities of the market and position themselves for success in the ever-evolving industry. In today’s rapidly evolving business landscape, the value of cloud-based systems and AI models in the food and beverage industry cannot be understated. These technologies offer a wide range of benefits that can significantly enhance operations and drive innovation. From increased security and reliability to lower costs and global access, the advantages of leveraging these tools are widespread and impactful.

One of the key benefits of cloud-based systems is the increased security and reliability they offer. By enabling the highest standards of privacy and data security, these systems provide companies with peace of mind when it comes to protecting sensitive information. Additionally, the flexibility of cloud-based systems allows for easy scalability, enabling businesses to scale up or down their platforms as needed. This agility is essential in today’s fast-paced business environment where adaptability is key to success.

Furthermore, cloud-based systems help lower costs by reducing the cost of ownership with predictable operational expenses and minimal IT infrastructure. Flexible business models and contracts lead to reduced costs, making these systems a cost-effective solution for businesses of all sizes. Additionally, cloud-based systems provide global access, allowing stakeholders to access PLM anytime, anywhere. This level of accessibility can greatly improve collaboration and streamline processes across different teams and locations.

AI models are another valuable tool that can transform the food and beverage industry. By analyzing extensive datasets on ingredient costs, nutritional information, and consumer preferences, AI models can help optimize recipes and ingredients. These models can suggest ingredient substitutions that maintain or improve nutritional value while reducing costs, ultimately helping companies create products that align with consumer demands and market trends.

Moreover, AI can optimize recipes to meet specific nutritional goals, such as reducing salt, sugar, or fat content while maintaining taste. AI models can even simulate and predict the textural properties of food, ensuring that the final product meets desired characteristics. This level of precision and customization is crucial in creating products that cater to evolving consumer preferences and dietary needs.

In addition to recipe optimization, AI models can also enhance supply chain management by providing real-time data analysis and enabling better collaboration across different departments. Integrated solutions, such as supply chain management and ERP systems enhanced with AI, offer a holistic view of demand dynamics and empower companies to align production with market needs effectively. This level of insight and agility is essential in today’s dynamic business environment where rapid decision-making is crucial for success.

Overall, the value of cloud-based systems and AI models in the food and beverage industry is widespread and undeniable. These technologies offer a wide range of benefits that can drive innovation, improve efficiency, and enhance competitiveness. By leveraging these tools, companies can stay ahead of the curve and position themselves for success in an increasingly competitive marketplace. The context-aware Copilot within IFS Cloud has preconfigured industry capabilities that become even more robust when integrated with customer data sources. This tool provides accurate insights based on the user’s location within IFS Cloud, allowing for more informed decision-making and streamlined processes.

For example, IFS.ai can extract unstructured data from a new manufacturing customer’s purchase order and automatically generate a new order to expedite the production process. This new order can then be analyzed using manufacturing scheduling optimization (MSO) simulation capabilities to assess its impact on the shop floor. Production managers can use these insights to improve capacity planning and meet customer demand more effectively. Asset managers can also leverage simulation capabilities to predict and plan essential asset maintenance based on different scenarios.

Through MSO simulation, companies have been able to increase capacity utilization and create more realistic production schedules to meet customer demand efficiently. What-if analysis enables organizations to maximize resource usage and optimize manufacturing schedules for improved operational efficiency.

KFC Western Europe has selected Trace One Product Lifecycle Management (PLM) to enhance data-driven brand experiences for customers. By leveraging Trace One’s cloud-based tools and analytics, KFC can unify and connect its data to streamline product development, packaging, and networking processes. This implementation will allow KFC to deliver better customer experiences through operational efficiencies and reduced error rates.

With Trace One PLM, KFC can consolidate data from various operational departments, providing business leaders with a comprehensive view of the company. Standardized processes and reports will help identify optimization opportunities and support product portfolio growth. KFC will utilize Trace One PLM modules to manage critical business operations, including data management, operational visibility, security, and regulatory compliance.

AI and machine learning (ML) technologies are revolutionizing demand forecasting for food processors. By analyzing historical sales data and external factors like weather patterns and market trends, AI can predict future demand accurately. These technologies can optimize inventory levels, anticipate demand fluctuations, and enhance supply chain operations for more efficient production processes.

AI and ML can also facilitate new product introduction by analyzing purchasing behavior and market trends. By removing human bias and identifying complex patterns, these technologies enable companies to make data-driven decisions and optimize supply chain operations. Software products equipped with AI capabilities can support demand forecasting and supply chain optimization, ensuring a more efficient and responsive production process.

Furthermore, AI tools can enhance supplier management by monitoring compliance with industry regulations and standards in real-time. These tools address the complexities of the food supply chain and ensure that suppliers meet quality specifications consistently. By leveraging AI-based software, organizations can streamline supplier management processes and maintain high standards of food safety.

In conclusion, the integration of AI and ML technologies into PLM systems and supply chain management processes is revolutionizing the food industry. These tools enable companies to optimize production processes, improve customer experiences, and enhance operational efficiency. By leveraging data-driven insights and predictive analytics, organizations can stay ahead of market trends and meet customer demand effectively. In today’s rapidly evolving food processing industry, the use of artificial intelligence (AI) is becoming increasingly essential for ensuring compliance, quality, food safety, and cost efficiency. By leveraging AI-powered software tools, food processors can streamline supplier management processes, mitigate risks, and make data-driven decisions to support sustainable growth.

One of the key benefits of AI in supplier management is the ability to analyze data from audits, performance metrics, and other sources to quickly identify deviations from required standards. By detecting anomalies early on, AI systems help reduce the risk of regulatory issues and costly recalls, ultimately safeguarding both consumer safety and brand reputation. Additionally, AI enables processors to analyze historical supplier data, such as performance, ingredient quality, and environmental factors, to predict potential quality issues before they occur.

Moreover, AI-powered supplier management tools play a crucial role in helping food processors adapt to new regulations and standards. For instance, when faced with new food safety rules like The California Food Safety Act, AI tools can facilitate the reformulation of products by accelerating the process of finding new suppliers and updating bill of materials. By integrating with ERP systems, AI ensures that the new requirements are accurately conveyed to suppliers, enabling seamless compliance with the latest regulations.

AI-driven software tools also offer continuous monitoring of supplier performance, detection of risks, and prediction of potential supply chain disruptions based on historical data. These advanced platforms provide actionable insights that empower food processors to make informed decisions and cultivate strategic supplier relationships. Furthermore, AI-supported systems like supplier relationship management (SRM) software, product lifecycle management (PLM) tools, and ERP modules enhance the evaluation of supplier performance, compliance, quality, and cost-effectiveness, ultimately optimizing procurement processes and ensuring a resilient supply chain.

In the realm of product lifecycle management (PLM), AI plays a critical role in enhancing decision-making processes throughout the entire product lifecycle. By enabling predictive analytics, automating routine tasks, and optimizing resource allocation, AI significantly improves the efficiency and accuracy of product development, production, and market launch. Integrating AI with PLM tools empowers companies to stay competitive by fostering innovation, improving product quality, and meeting consumer demands and regulatory requirements effectively.

Overall, AI tools are indispensable for food processors seeking to remain competitive and responsive in a dynamic market environment. Their ability to adapt quickly to changing conditions, mitigate risks, and drive operational excellence makes them essential for businesses striving to meet consumer expectations and regulatory standards. By harnessing the power of AI in supplier management and product lifecycle processes, food processors can enhance efficiency, ensure compliance, and foster sustainable growth in the ever-evolving food processing industry.

Conagra provides insight into current frozen food trends

Ess Seshat

17 January 2025

Frozen food trends are constantly evolving to meet the changing needs and preferences of consumers. In a recent report by Conagra Brands, Inc., several key trends for frozen food in 2025 were identified based on consumer data analysis. These trends include nutrition-focused formulations, global flavors, bite-size applications, elevated in-home experiences, and spicy offerings.

One of the major trends highlighted in the report is the focus on healthy options in frozen foods. Consumers are increasingly looking for “modern health” offerings that cater to specific needs such as portion control, gut health, and better-for-you benefits. This trend is reflected in the increasing popularity of prebiotic and probiotic gut health claims in frozen breakfast and novelty segments, as well as the rise of non-dairy and vegan frozen dessert options. Sugar-free alternatives are also gaining traction among older consumer groups.

Another trend identified in the report is the emphasis on “elevated in-home experiences.” With more consumers opting to eat at home, there is a growing demand for frozen options that provide restaurant-quality flavors while being convenient and easy to prepare. Premium frozen side and vegetable options have seen an increase in sales, as have celebrity-inspired frozen products like Conagra’s collaboration with Dolly Parton.

Global flavors continue to be a popular trend in the frozen food category, with Italian, Chinese, and Mexican offerings leading the way in sales. The report also highlights the growing popularity of Indian, Cajun, and Japanese cuisines in the frozen aisle. Global street food applications, such as Asian dumplings and bao buns, have seen significant growth in sales, reflecting consumers’ interest in diverse and flavorful options.

Convenience is another key trend in frozen foods, with a focus on bite-size and miniature options. This segment has seen a 31% increase in year-over-year consumption, with Gen Z and millennial consumers showing a particular interest in this trend. Savory options and breakfast products like egg bites are among the most popular choices in this category.

Finally, spicy offerings are gaining popularity in the frozen food market, with heat-filled products generating $2 billion in sales. Frozen chicken products are the most popular spicy application, especially among younger consumer groups like Gen Z. As consumer preferences continue to evolve, understanding and incorporating spicy options into frozen meals is becoming increasingly important for manufacturers.

Overall, the frozen food industry is adapting to meet the changing needs and preferences of consumers, with a focus on health, convenience, global flavors, and spicy offerings. By staying ahead of these trends and offering innovative and diverse frozen food options, manufacturers can continue to meet the demands of today’s consumers and drive growth in the market.

Implementing GenAI in Restaurants: A 5-Step Guide to Evaluating its Impact

Ess Seshat

17 January 2025

The restaurant industry is currently experiencing a rapid transformation, driven by technological advancements and evolving consumer expectations. One of the most promising developments in this space is Generative AI (GenAI), which has the potential to revolutionize how restaurants operate and engage with customers. From personalized marketing to efficient menu optimization, GenAI offers numerous benefits. However, the process of implementing such technology can seem daunting. So, what does it take for restaurants to adopt GenAI, and is it worth the investment? Here are five key steps to guide the process.

Understanding GenAI and its applications

To successfully implement GenAI, restaurant leaders must first understand what it is and how it can be applied within their operations. GenAI refers to algorithms that can generate new content, insights, or solutions based on existing data. In the restaurant sector, applications are diverse:

Customer service automation: Chatbots powered by GenAI can handle reservations, answer FAQs, and even take orders, enhancing customer service while reducing labor costs. These bots can learn from interactions, improving their responses over time and providing a more personalized experience for guests.
Menu optimization: By analyzing customer feedback and sales data, GenAI can suggest menu changes that align with current trends and customer tastes, enhancing overall dining experiences.
Personalized marketing: Restaurants can utilize GenAI to create tailored marketing messages based on customer preferences and behavior. This leads to more effective promotions and higher engagement rates.
Understanding these applications allows restaurant leaders to visualize how GenAI can enhance their business model and customer experience. This foundational knowledge sets the stage for informed decision-making when it comes to adopting the technology.

Assessing readiness for GenAI adoption

Before diving into implementation, it’s crucial for restaurants to assess their readiness for GenAI adoption. This includes evaluating current technology infrastructure, staff capabilities, and alignment with business goals. Key considerations include:

Current technology: Evaluate existing software and systems to determine if they can integrate with GenAI solutions. Compatibility is vital to ensure a seamless transition and avoid disruptions.
Workforce skills: Assess staff proficiency with technology. Are there team members equipped to adapt to new tools, or will you need to bring on a third party? Consider whether internal resources can handle the shift or if a specialized third-party partner would provide a more seamless implementation.
Strategic alignment: Ensure that the proposed GenAI initiatives align with the restaurant’s long-term objectives and customer engagement strategies. Alignment fosters buy-in from stakeholders and paves the way for cohesive efforts in implementation.
Cost projections: In planning for GenAI adoption, organizations also need to project potential costs based on their specific use cases and estimated consumption. This financial evaluation helps them assess whether the anticipated ROI justifies the investment.

Conducting a thorough readiness assessment helps identify gaps and opportunities, setting the stage for successful implementation.

Building a data-driven culture

A data-driven culture is essential for effective GenAI implementation. GenAI relies on quality data to produce valuable insights, so restaurants must prioritize data collection and management. Steps to consider include:

Data collection: Gather relevant customer and operational data through various touchpoints, such as loyalty programs, online orders, and social media interactions. Diverse data sources enrich insights and improve the quality of GenAI outputs.
Data management tools: Invest in data management solutions that allow for real-time analysis and reporting. Robust tools help in monitoring key metrics and trends effectively, enabling data-informed decisions.
Promoting data literacy: Foster a culture where staff understands the importance of data-driven decision-making. Whether through internal training or the support of an experienced third-party advisor, it’s essential to ensure staff are equipped to interpret and leverage insights to improve operations. Empowering employees with data literacy not only enhances their skills but also fosters innovation and creativity in problem-solving.

By building a robust data-driven culture, restaurants can maximize the effectiveness of their GenAI initiatives.

Overcoming implementation challenges

While the potential benefits of GenAI are significant, several challenges can arise during implementation. Common obstacles include:

Integration issues: Difficulty in integrating GenAI tools with existing systems can hinder progress. To mitigate this, consider a phased implementation approach that allows for gradual integration. This strategy helps in managing risks and addressing issues as they arise.
Staff training: Employees may resist new technologies due to fear or lack of understanding. Providing continuous support through internal teams or a trusted external advisor can ease this transition, making staff more comfortable with the new tools.
Data privacy concerns: Compliance with data privacy regulations is paramount. Establish clear protocols for data handling and ensure transparency with customers regarding data usage. Regular audits and updates on privacy policies can help maintain trust.

By proactively addressing these challenges, restaurants can facilitate a smoother implementation process.

Measuring success and ROI

Once GenAI solutions are in place, measuring success and return on investment (ROI) is crucial. Establishing clear metrics for evaluation can help restaurants gauge the effectiveness of their initiatives. Consider the following:

Customer feedback: Collect and analyze customer feedback to understand their experiences and satisfaction levels. Regularly soliciting feedback allows for timely adjustments to enhance offerings.
Operational efficiency: Monitor improvements in operational processes, such as reduced wait times or increased order accuracy. Tracking these metrics can reveal the direct impact of GenAI on day-to-day operations.
Financial performance: Track revenue changes post-implementation to assess the impact on the bottom line. Analyzing financial metrics can demonstrate the value GenAI brings, justifying the investment made.

Regularly reviewing these metrics allows restaurants to adapt their strategies and optimize their GenAI applications for continuous improvement.

In conclusion, the implementation of Generative AI in restaurants presents an exciting opportunity to enhance operations and elevate customer experiences. While the process may be complex, the potential benefits — ranging from personalized marketing to improved efficiency — can lead to substantial long-term gains. By following these five key steps, restaurant leaders can navigate the GenAI landscape effectively, ensuring that their organizations are well-prepared to embrace the future of dining. Adopting GenAI not only positions restaurants at the forefront of innovation but also equips them to meet the evolving demands of today’s discerning consumers.

Hospitality Action empowered to increase assistance for employees with the help of Chick-fil-A

Ess Seshat

17 January 2025

Hospitality Action, a leading charity in the UK that provides life-changing support to hospitality professionals and their families, has recently received a generous donation of £100,000 from Chick-fil-A, Inc. This donation will enable Hospitality Action to expand its support for workers facing hardship, illness, injury, financial difficulties, and family crises.

Chick-fil-A, Inc., the third largest quick service restaurant company in the United States, has selected Hospitality Action as the recipient of their True Inspiration Awards® grant programme. This grant is part of Chick-fil-A’s commitment to supporting non-profits that are making a positive impact in their local communities. This partnership comes at a crucial time as Hospitality Action continues to provide crucial assistance to those in the hospitality industry who are in need.

Mark Lewis, CEO of Hospitality Action, expressed his gratitude for the generous grant from Chick-fil-A, stating that it will significantly enhance their ability to support hospitality workers during challenging times. Joanna Symonds, Head of UK Operations for Chick-fil-A, Inc., echoed this sentiment, highlighting the shared commitment to caring for people within the hospitality industry.

Since the beginning of 2020, Hospitality Action has allocated £4,000,000 in grants to over 12,500 hospitality households across the UK, answered 30,000 calls to their helpline, provided 8,775 counselling sessions, and supported 200,000 employees and their families. The hospitality sector continues to face challenges in 2025, with cost pressures putting many jobs at risk. Support from generous donors like Chick-fil-A is crucial in ensuring that Hospitality Action can continue to provide assistance to those in need.

As part of their ongoing efforts to support the hospitality industry, Chick-fil-A has also announced their plans to open their first restaurant in the UK later this year. This expansion into the UK market aligns with their mission to care for people and support the communities they serve.

Hospitality Action’s collaboration with Chick-fil-A is a testament to the importance of partnerships and support within the hospitality industry. By working together, these organizations can make a positive impact on the lives of hospitality professionals and their families.

To learn more about Hospitality Action and their mission to support the hospitality industry, visit their website at accessiblehospitality.com. Your support can make a difference in the lives of those who work tirelessly to provide exceptional service in the hospitality sector.

Baskin-Robbins donates $30,000 to BGC Canada

Ess Seshat

17 January 2025

Baskin-Robbins Canada, in partnership with BGC (formerly Boys and Girls Clubs of Canada), recently made a generous donation of $30,000 through its 2024 Pink Spoon fundraiser. The campaign, which took place throughout the month of September, involved donating $1 from the sale of every Baskin-Robbins’ new Non-Dairy Real Fruit Smoothies (available in mango or strawberry) to BGC Canada.

Natalie Joseph, spokesperson for Baskin-Robbins in Canada, expressed gratitude for the growing partnership with BGC Canada and the support received from Canadian guests. She emphasized that the success of their annual fundraisers would not be possible without the generosity of the community. Together, as champions of BGC Canada, they have made a significant impact on the lives of young people across the country.

Brooke Duval, senior director of Partnerships & Philanthropy at BGC Canada, expressed appreciation for Baskin-Robbins and its guests’ commitment to their work. The funds raised through the Pink Spoon fundraiser will enable BGC Canada to enhance their programs and reach more youth nationwide. Duval looks forward to continuing the partnership with Baskin-Robbins and collaborating to create stronger communities.

The donation from Baskin-Robbins Canada underscores the importance of corporate social responsibility and supporting initiatives that benefit youth and communities. By engaging in charitable activities like the Pink Spoon fundraiser, companies can make a positive impact and contribute to meaningful causes.

Baskin-Robbins’ involvement in philanthropic efforts not only demonstrates their commitment to social good but also strengthens their brand reputation. Consumers are increasingly drawn to businesses that prioritize giving back and making a difference in society. Through partnerships with organizations like BGC Canada, companies can align their values with their actions and create positive change.

In conclusion, the $30,000 donation from Baskin-Robbins Canada to BGC Canada highlights the power of collaboration and community support in making a difference. By working together, businesses and organizations can leverage their resources to create positive outcomes and improve the lives of those in need. The success of the Pink Spoon fundraiser serves as a reminder of the impact that corporate philanthropy can have on society and underscores the importance of giving back to support our communities.

Daily Market Updates on January 17, 2025

Ess Seshat

17 January 2025

In today’s market, there are several key factors influencing the outlook for commodities. Let’s take a closer look at the current state of affairs and what we can expect in the days ahead.

Weather conditions are showing signs of improvement, with some convergence between the EU and GFS outlooks. This has led to increased confidence in rainfall forecasts for the coming days, and a slight decrease in heat levels. These developments are important to monitor as they can have a significant impact on crop yields and production.

Market trends are also worth noting, as agricultural commodities experienced a decline across the board ahead of significant political events. Canola prices led the downward trend, while the Australian dollar remained relatively stable. This highlights the interconnectedness of global markets and the influence of external factors on commodity prices.

Looking specifically at Australia, the Australian dollar has shown some strength, surpassing the 0.6200 mark. While this increase lacks conviction, there is potential for further growth in the coming weeks. The recent reduction in USD risk premiums and easing of political tensions could contribute to a more stable market environment, although volatility is expected to persist.

On the international front, all eyes are on the developments surrounding the Trump administration. With promises of swift action and ongoing Senate hearings, the global community is eagerly awaiting the next steps. Additionally, recent data on Australia’s unemployment rate and underutilization rate provide insight into the country’s labor market dynamics and economic stability.

In the commodities market, canola and wheat prices are facing uncertainty. Changes in biofuel feedstock regulations and global demand patterns are contributing to market fluctuations. While fundamentals suggest a positive outlook for wheat, global buyers are hesitant to make large purchases until more clarity emerges on the supply side.

In Australia, canola and wheat prices have seen fluctuations, with bids varying across different regions. Domestic demand remains strong for feed wheat and barley, indicating a healthy appetite for these commodities. Canola continues to attract interest from domestic crushers, while barley export bids are supported by external factors such as Dalian corn prices in China.

Overall, the outlook for Australian commodities remains mixed, with potential for both growth and volatility in the near future. It is essential for market participants to stay informed and monitor key developments to make informed decisions. By keeping a close eye on market trends, weather patterns, and global economic dynamics, stakeholders can navigate the complex world of commodities trading with greater confidence.

For more insights and updates on the commodities market, subscribe to Grain Central’s newsletter to receive the latest news straight to your inbox. Stay informed and stay ahead in the ever-evolving world of commodities trading.

Sweetmore Bakeries acquires Azteca Bakeries, a producer of pan dulce.

Ess Seshat

17 January 2025

Sweetmore Bakeries, a US-based company, has recently made a significant acquisition by acquiring Azteca Bakeries, a wholesale producer of Mexican pastries and baked goods based in Phoenix, Arizona. The acquisition marks a strategic move by Sweetmore Bakeries to expand its product portfolio and strengthen its market presence.

Established in 1954, Azteca Bakeries specializes in producing frozen, ready-to-bake pan dulce (sweet bread), including a variety of pastries, cookies, breads, and muffins. The company has built a strong reputation for its high-quality products and commitment to customer satisfaction over the years.

Founder of Azteca Bakeries, Felix Lopez, expressed his enthusiasm about the acquisition, mentioning that Sweetmore’s focus on quality and customer service aligns well with the vision that the Lopez family and the Azteca team have worked towards. The financial details of the agreement between the two companies have not been disclosed.

David Veenstra, CEO of Sweetmore Bakeries, emphasized the compatibility between Azteca’s offerings and the existing business of Sweetmore Bakeries. He highlighted the value that Azteca’s differentiated product range brings to their portfolio, especially in high-growth categories that are in demand among customers.

This acquisition marks the fifth strategic move by Sweetmore Bakeries, following earlier acquisitions of Main Street Gourmet, Biscotti Brothers, Meurer Brothers, and Sweet Eddie’s. The foundation for Sweetmore Bakeries was laid in 2019 when Shore Capital Partners, a private-equity firm, acquired Main Street Gourmet, a custom wholesale bakery based in Akron, Ohio.

Subsequent acquisitions included Biscotti Brothers in 2020, Meurer Brothers Bakery in 2021, and the consolidation of these entities under the new brand identity of Sweetmore Bakeries in 2022. The most recent addition to the portfolio was Sweet Eddie’s, a Georgia-based wholesale cinnamon rolls manufacturer, in the previous year.

Sweetmore Bakeries now operates with a workforce of nearly 500 employees across five facilities in the United States. The company’s growth trajectory and expansion through strategic acquisitions reflect its commitment to innovation, quality, and meeting the evolving needs of the market.

In conclusion, the acquisition of Azteca Bakeries by Sweetmore Bakeries represents a significant milestone in the company’s journey towards becoming a leading player in the baked goods industry. With a focus on quality, customer satisfaction, and a diverse product range, Sweetmore Bakeries is well-positioned to drive further growth and success in the market.

Buffaload moves closer to its environmental goals with the addition of twenty new FH Aero Gas-Powered trucks.

Ess Seshat

17 January 2025

Buffaload Logistics, a leading logistics company based in Huntingdon, has recently made a significant investment in their fleet by adding twenty new Volvo FH Aero gas-powered 6×2 tractor units. This move is part of their long-term strategy to transition their entire 300-strong commercial vehicle operation from diesel to a cleaner and greener fuel option.

Since 2020, Buffaload Logistics has been committed to running biomethane trucks as part of their environmental sustainability efforts. Ross Taylor, the Founder and CEO of Buffaload, emphasizes that every fleet decision they make is now driven by their impact on the environment. The company has been operating gas-powered Volvos successfully for nearly five years, and they are confident in the technology’s ability to support their operations.

Taylor explains, “By the middle of 2025, we will have 85 LNG trucks on the road, and we are determined to continue on this pathway. To meet our sustainability commitments, we believe that LNG is the best option for long-distance distribution work, and we are eager to see the benefits that these latest generation trucks can deliver.”

The decision to invest in gas-powered Volvo trucks aligns with Buffaload Logistics’ commitment to reducing their carbon footprint and operating in a more environmentally friendly manner. By transitioning to LNG trucks, the company is taking a proactive approach to sustainable transportation and setting a positive example for the industry.

In addition to the environmental benefits of using gas-powered vehicles, Buffaload Logistics also recognizes the potential cost savings and operational efficiencies that come with this technology. By embracing LNG trucks, the company is not only reducing their carbon emissions but also improving their overall business performance.

The introduction of twenty new Volvo FH Aero gas-powered 6×2 tractor units is a significant step forward for Buffaload Logistics in achieving their sustainability goals. As they continue to expand their fleet of LNG trucks, the company is demonstrating their commitment to innovation and responsible business practices.

Buffaload Logistics is proud to be at the forefront of the transition to cleaner and greener transportation in the logistics industry. By investing in gas-powered Volvo trucks, the company is leading by example and showing that it is possible to operate a successful commercial vehicle fleet while also prioritizing environmental sustainability.

As Buffaload Logistics continues on their journey towards a more sustainable future, they are excited to see the positive impact that their investment in gas-powered vehicles will have on their operations and the environment. By choosing LNG trucks, the company is taking a proactive stance on reducing their carbon footprint and contributing to a cleaner and healthier planet for future generations.

Hapag-Lloyd procurement team utilizes digital tool to enhance supplier visibility.

Ess Seshat

17 January 2025

In response to the challenges presented by the COVID-19 pandemic in 2020, Hapag-Lloyd recognized the need for enhanced insight into its supplier base. With a surge in freight and congestion at ports highlighting vulnerabilities in data and information sharing, the ocean carrier sought a solution to better understand and manage its supply chain. This led to a partnership with Craft, a supply chain technology company, which deployed its platform in 2021 to provide transparency through a supplier intelligence portal.

Daniel Braune, head of procurement at Hapag-Lloyd, emphasized the importance of supplier management in ensuring the smooth functioning of the entire supply chain. He highlighted the need for transparency among various suppliers involved in the process, from customers to end destinations. Leveraging big data and artificial intelligence, Hapag-Lloyd aimed to address these challenges and improve operational efficiency.

The platform offered by Craft allows Hapag-Lloyd to categorize suppliers, gather essential information, and receive relevant news alerts. By collecting data from industry partners, utilizing proprietary machine learning, and integrating operational data, Craft provides a comprehensive view of supplier profiles. This data-driven approach enables Hapag-Lloyd to make informed decisions and respond quickly to supply chain disruptions.

During a recent strike at East and Gulf Coast ports, Craft’s platform played a crucial role in helping Hapag-Lloyd mitigate the impact on its operations. By providing real-time alerts and updates on developments, the platform enabled the procurement team to adapt product schedules and minimize disruptions for customers. This proactive approach to risk management demonstrates the value of leveraging technology to enhance supply chain resilience.

In addition to managing operational risks, Craft’s platform also assists Hapag-Lloyd in identifying financial, geographical, geopolitical, and regulatory risks associated with suppliers. By monitoring supplier performance and compliance, Hapag-Lloyd can proactively address potential challenges that may affect its service delivery. This proactive risk management strategy underscores the carrier’s commitment to ensuring operational stability and customer satisfaction.

The user-friendly interface of Craft’s platform allows Hapag-Lloyd employees to easily access and analyze supplier data. With over 500 data points covering various risk categories, the platform offers a comprehensive view of supplier profiles. This enables Hapag-Lloyd to make informed decisions and take proactive measures to mitigate risks.

Overall, the partnership between Hapag-Lloyd and Craft highlights the importance of leveraging technology to enhance supply chain visibility and resilience. By combining data analytics, artificial intelligence, and industry expertise, Hapag-Lloyd is able to navigate complex supply chain challenges and maintain operational efficiency. This proactive approach to supplier management underscores the carrier’s commitment to delivering exceptional service and ensuring business continuity in a dynamic global market.

Keep moving forward: Advancing treasury in 2025

Ess Seshat

17 January 2025

The year 2025 holds significant changes and advancements for corporate treasurers as they navigate the evolving landscape of treasury operations. Experts from the industry are predicting a shift towards embracing artificial intelligence (AI), with a focus on practical use cases that can enhance efficiency, accuracy, and strategic growth within treasury functions.

Steven Lenaerts, Head of Global Channels and Digital Onboarding at BNP Paribas, highlights AI as the upcoming buzzword in the industry, following the trends of blockchain and APIs in previous years. The rise of generative AI (GenAI) tools like ChatGPT and Claude is set to revolutionize treasury functions, with discussions around their impact gaining traction at industry conferences like EuroFinance.

Practical use cases for AI in treasury include cash flow forecasting, risk management, automated reporting, liquidity insights, payment efficiency, workflow automation, cost savings, and decision support. These applications empower treasury teams to make more accurate predictions, optimize risk management strategies, automate routine tasks, and support strategic decision-making processes.

However, there are roadblocks to overcome in adopting AI in treasury, including the need for robust data management, advanced technology platforms, and alignment of people, processes, and technology. Bob Stark, Head of Strategy & Enablement at Kyriba, emphasizes the importance of a clear data strategy and governance framework to maximize the benefits of AI applications in treasury.

As treasurers look to leverage AI in 2025, cybersecurity remains a top priority to ensure the protection of sensitive financial data and prevent potential cyber attacks. Strategic use of AI can enhance efficiency, strengthen security measures, and deliver actionable insights without compromising governance or increasing vulnerabilities within treasury operations.

In addition to AI adoption, treasurers will continue to focus on building a modern treasury through digitization efforts, real-time operational capabilities, and innovative payment solutions. James Fraser, Global Head of Trade & Working Capital at J.P. Morgan Payments, highlights the integration of faster payments, open APIs, and open banking methods as key drivers for automating transaction data capture and improving cash flow management in real-time.

Overall, the year 2025 presents treasurers with opportunities to embrace technological advancements, navigate evolving regulatory landscapes, and drive innovation within treasury functions. By strategically leveraging AI, digitization, and real-time capabilities, treasury teams can enhance efficiency, improve security measures, and adapt to the changing demands of the financial industry. The modern payment ecosystem is evolving rapidly, with the rise of instant payments and the increasing focus on real-time capabilities. Financial institutions (FIs) that maintain robust security and controls are poised to benefit the most from these changes. In 2024, the introduction of instant payments in the European Union marked a significant milestone in the evolution of financial infrastructure. FIs like Bank of America are focused on ensuring seamless receipt of instant payments and providing real-time visibility to help clients manage liquidity and market shifts.

It is crucial to differentiate between instant payments and on-time payments, as not every company requires 24/7 instant payments. Some corporate clients may still rely on batch processing of payments for certain transactions. However, the trend towards real-time capabilities is expected to continue in 2025, with a growing interest in SEPA Instant Credit Transfers and the removal of transaction limits.

In addition to real-time payments, the payments and cash management space is also preparing for the ISO 20022 migration, which will be a key theme in 2025. Large corporate customers are gearing up for compliance with the new standard, but there is some frustration over the lack of a unified approach in terms of timing and transition. The complexity and uncertainty surrounding the migration to ISO 20022 are presenting challenges for treasury and payments teams.

Managing market risk and making informed cash and liquidity decisions are top priorities for treasurers, especially in the current economic environment. Geopolitical and economic instability, along with upcoming geopolitical events, are creating uncertainty in the market. Treasury teams are under pressure to support liquidity mobilization and increased agility in banking partners.

In response to these challenges, there is a renewed focus on aligning technology with better practices in business continuity planning and risk mitigation. Treasury teams are looking for tools that can enhance proactive decision-making around foreign exchange (FX) hedging and liquidity planning. Automation of FX hedging processes can help treasury teams mitigate currency risk and focus on broader financial goals.

As the world continues to evolve rapidly, treasurers must stay ahead of these trends and adapt to the changing landscape. The key takeaway is that FIs that prioritize security, controls, and real-time capabilities will be well-positioned to navigate the complexities of the modern payment ecosystem in 2025 and beyond. In reflecting on the events of 2024, it becomes clear that the importance of adaptability and innovation cannot be overstated for treasury teams. The past year has taught us a critical lesson: the true risk lies not in embracing change and exploring new strategies, but in maintaining the status quo and resisting evolution.

The rapidly changing landscape of the financial industry, combined with the increasing complexity of global markets, requires treasury teams to be agile and proactive in their approach. Those who fail to adapt to emerging trends and technologies are at risk of falling behind their competitors and missing out on valuable opportunities for growth and success.

One of the key takeaways from the challenges of 2024 is the need for treasury teams to embrace a mindset of continuous improvement. This means being open to new ideas, technologies, and processes that can enhance efficiency, reduce risk, and drive innovation. By remaining stagnant and clinging to outdated methods, treasury teams run the risk of becoming obsolete in a fast-paced and dynamic environment.

Another important lesson from the past year is the importance of strategic risk-taking. While it is natural to be cautious and risk-averse in uncertain times, treasury teams must also be willing to take calculated risks in order to achieve their goals. By carefully evaluating potential risks and rewards, treasury teams can make informed decisions that have the potential to drive growth and create value for their organizations.

In order to thrive in the face of uncertainty and volatility, treasury teams must also prioritize collaboration and communication. By fostering strong relationships with key stakeholders, both internally and externally, treasury teams can gain valuable insights, access to resources, and support that can help them navigate challenges and capitalize on opportunities.

Furthermore, the events of 2024 have underscored the importance of leveraging technology to streamline processes, enhance decision-making, and improve overall performance. Treasury teams that embrace digital transformation and invest in innovative tools and platforms are better equipped to adapt to changing circumstances, improve efficiency, and drive long-term success.

Looking ahead to the next 12 months, treasury teams must remain vigilant and proactive in order to stay ahead of the curve and mitigate potential risks. By staying informed about market trends, regulatory changes, and emerging technologies, treasury teams can position themselves for success and ensure their organizations remain competitive in a rapidly evolving landscape.

In conclusion, the lessons of 2024 serve as a valuable reminder for treasury teams of the importance of adaptability, innovation, strategic risk-taking, collaboration, and technology in driving success and achieving long-term sustainability. By embracing change, taking calculated risks, and leveraging the power of technology, treasury teams can position themselves for growth and prosperity in the face of uncertainty and volatility. It is clear that the real risk for treasury teams lies not in trying something new, but in standing still and resisting the forces of change.

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EssFeed

EssFeed reports on global news related to the food & beverage supply chain, spanning farming, processing, distribution, trading & consumption. Covering the journey of food & beverage from its initial stages in the field & waters to its ultimate destination at consumption.

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Essential Food & Beverage Industry News for Professionals

GAO reviews FDA’s food inspection process

Canadian farmers are concerned that Bunge’s acquisition of Viterra will lessen competition.

Blueberries from Tasmania are now available in the market despite a delayed beginning

Höegh Autoliners secures two contracts for shipping automobiles

The cost of Chilean cherries in China rebounds

Seafood fair from Japan’s Hokkaido held at California supermarkets

New Mexico State University will be in charge of organizing a workshop on plant pathogens.

The Influence of President Donald Trump on the Global Food and Beverage Industry

Spindrift appoints ex-Boston Beer executive as CEO, and sells controlling interest to private equity company.

Industry Adjusts to Record-High Cocoa Prices

Gain an Advantage: Utilize AI-Powered PLM to Uncover Key Insights for Success

Conagra provides insight into current frozen food trends

Implementing GenAI in Restaurants: A 5-Step Guide to Evaluating its Impact

Hospitality Action empowered to increase assistance for employees with the help of Chick-fil-A

Baskin-Robbins donates $30,000 to BGC Canada

Daily Market Updates on January 17, 2025

Sweetmore Bakeries acquires Azteca Bakeries, a producer of pan dulce.

Buffaload moves closer to its environmental goals with the addition of twenty new FH Aero Gas-Powered trucks.

Hapag-Lloyd procurement team utilizes digital tool to enhance supplier visibility.

Keep moving forward: Advancing treasury in 2025

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GAO reviews FDA’s food inspection process