As the plant-based movement continues, manufacturers of all types are working to create alternatives for dairy products, meat and eggs. Learn more in this new Trendline.
This is the latest in a series of R&D facilities that the world's largest food company has opened to help startups, students and its own employees bring products to market quickly.
The company, which owns Rao's Homemade, Michael Angelo's, Noosa Yoghurt and Birch Benders, increased net sales at a compound annual growth rate of 66% from 2018 to 2020, according to an SEC filing.
The food tech company is emerging from stealth to bring its reverse-engineered candy, coffee and peanut butter to consumers looking for more sustainable and accessible options.
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The Consumer Brands Association noted that only 12,000 jobs were added in the second quarter despite higher wages, while demand and manufacturing costs continued to rise.
The agency said the CPG giant engaged "in a long-running expense management scheme" that resulted in the restatement of several years of financial reporting. The company did not admit to or deny the findings.
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