Costco's recent rejection of a shareholder proposal challenging its diversity, equity, and inclusion (DEI) policies may not have broken new ground, but it certainly made a statement. While many companies have retained their diversity policies due to their positive impact on decision-making and...
The International Dairy Foods Association (IDFA) recently communicated its federal policy priorities to President-elect Donald Trump's transition team in anticipation of the new presidential administration taking over in the United States. Michael Dykes, IDFA's president and chief executive officer, emphasized the importance of the...
Samsung Electronics recently announced a multi-year partnership with Instacart to introduce shoppable refrigerators that utilize artificial intelligence to monitor their contents. This innovative collaboration combines Instacart's product-matching API with Samsung's food-recognition technology, enabling users to order groceries directly from their refrigerator screens. The partnership...
In December, several key executive changes were announced within the grocery industry. These changes included high-level shifts at Ahold Delhaize USA and the departure of a key retail media executive from Albertsons. Among these changes were the appointments of a new president at Food...
Tropical Cheese Industries, LLC, a Hispanic cheese manufacturer based in Perth Amboy, New Jersey, recently secured an undisclosed investment from AUA Private Equity Partners, LLC, and Avance Investment Management. These two investment firms specialize in partnering with family- and founder-owned businesses, demonstrating their commitment...
The chocolate industry has faced challenges due to a global cocoa shortage, resulting in high costs and limited innovation in the past year. Bakers are now turning to ingredient technologies to extend the use of chocolate in recipes, reduce costs, and ensure a stable...
