Weekender: Danone to cut up to 2,000 jobs as it tries to save nearly $1.2B

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Danone to cut up to 2,000 jobs as it tries to save nearly $1.2B CEO Emmanuel Faber says the company needs to "reinvent" itself as it gets hit hard by restaurant closures, a reduction of SKUs offered by retailers and a drop in birth rates that curtails formula consumption.  McCormick buys hot sauce maker Cholula for $800M The purchase further expands the spice and seasoning company's reach into condiments, tapping into increased food consumption at home and consumer demand for flavor. 4 reasons plant-based milk will keep growing after the pandemic Dairy alternatives have gone from trendy to on fire in 2020, and analysts weigh in on what will keep the segment booming in the upcoming years.  Sponsored Content by Food Dive's studioID Inside PepsiCo's DTC process The CPG brands that accelerated their ecommerce plans after the impact of COVID-19 are seeing a competitive advantage in the market. Explore best practices from PepsiCo in this upcoming webinar. Mondelez may close 2 bakery plants in 2021 The Oreo maker said the facilities in Atlanta and Fair Lawn, New Jersey, are in need of repair and no longer geographically strategic.  Ocean Spray expands better-for-you offerings with new functional waters The cranberry co-op's product called B1U taps into the growing shopper demand for having more benefits in the products they consume.  Recommended For You Improve your recommendations: click here to update your profile. Deep Dive 'It's our Super Bowl': How food manufacturers are preparing for an unorthodox holiday season The pandemic has upended how consumers plan to celebrate, prompting CPG companies to reduce product sizes, tout offerings for novice cooks and shift more resources online.  Overcoming Uncertainty in the Food & Beverage Industry COVID-19 is just the latest event to upend the F&B industry. Do you have the tools in place to avoid another disruption? Learn More From Our Library Podcast How Smarter Packaging Makes our Food Supply Safer and Fresher By studioID Webinar - on demand 3 Keys to Thriving in the New Era of E-commerce By studioID Webinar - on demand How A Food Manufacturer Scaled Their Business During the Pandemic By studioID Webinar - on demand What Should Retailers & Brands Consider When Planning for 2021? By studioID Trendline The latest developments in "better-for-you" food trends Playbook Optimizing Food & Beverage Plant Manufacturing During a Time of Disruption By studioID Playbook A Natural Approach to Colorful Foods By studioID View all resources Best of What We're Reading MarketWatch Nestle agrees to sell China Yinlu food businesses MEAT+POULTRY Nestle adds head of strategic business The Wall Street Journal Coca-Cola CFO Helps Company Make Cuts, Operational Changes The Counter A new bill seeks to remedy decades of discrimination against Black farmers NPR Farmers Are Warming Up To The Fight Against Climate Change Animal Welfare Institute New Report: USDA Continues to Tolerate Poultry Abuse at Largest Slaughter Plants Suggest a story we should read Upcoming Events General Mills Increases Category Share With Digital Demo Dec. 1, 2020 - Dec. 1, 2020 | Webinar 2pm ET Going Direct-to-Consumer: How to Develop your DTC Strategy Dec. 3, 2020 - Dec. 3, 2020 | Webinar 2pm ET Using Agile Supply Chain Planning to Build Resiliency in 2021 and Beyond Dec. 8, 2020 - Dec. 8, 2020 | Webinar 2pm ET How to Prepare Food Supply Chain for a Post-2020 World Dec. 10, 2020 - Dec. 10, 2020 | Webinar 2pm ET Dive Into a Topic Manufacturing Grocery Ingredients Corporate Packaging / Labeling Food Safety Policy Meat / Protein Marketing Beverages Sustainability Share Food Dive: Daily Dive with others and get rewarded. You've referred 0 readers. To become an official Dive Insider, just successfully refer 10 contacts to Food Dive: Daily Dive. Here's your link to share: https://www.fooddive.com/signup/insiders/?signup_referred_by=5f93078d7aa51972095c9316

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