Forward Greens CEO: We are getting ready to massively expand in the next few months Pacific Northwest hydroponic vertical farming startup Forward Greens is deploying what CEO and founder Ken Kaneko believes is an easy to replicate, scalable, and financially sustainable business model for the booming indoor vertical farming industry.
Fortune Business Insights estimates that the global vertical farming market will be worth $12bn by 2028, growing at a compound annual growth rate of 24.8%. In the past few years, indoor farming companies growing leafy greens such as Plenty, Gotham Greens, Kalera, and Bowery Farms have attracted hundreds of millions of dollars in funding.
Less than a year after taking the helm at Clif Bar & Co., new CEO Sally Grimes is spearheading the company’s first transformation in 30 years with an ambitious goal to double its business to $2 billion and double its positive impact on the world.
To do this the company is embracing a new structure that will allow it to more quickly identify and meet the evolving needs of consumers and appeal to a broader shopper base with timely, innovative launches in new categories for more eating occasions, Grimes told FoodNavigator-USA.
The company also will adopt a more balanced marketing mix to build brand awareness beyond its loyal core consumers of athletes and weekend warriors who rely on its energy bars to fuel their active lifestyles, Grimes added.
Not all processed foods should be demonised, say nutritionists What do canned baked beans, low fat fruit yogurt, ice cream, pre-packaged sliced bread, ready-made pasta sauces, and breakfast cereals with added sugar all have in common?
They are all classed as ultra-processed foods, according to the NOVA classification, which defines ultra-processed foods as those made by industrial processing and that often contain additives such as colours, flavours, emulsifiers or preservatives.
A new campaign from the British Nutrition Foundation warns that many healthy foods are being unfairly tarnished by the increased attention currently being placed on all things ‘ultra-processed’.
It is hammering home the message to consumers that, while high consumption of many ultra-processed foods - such as fizzy drinks and sugary cereals containing high levels of added sugar, fat, and/or salt, and lacking in vitamins and fibre - can include a higher risk of cardiova
Bunge Loders Croklaan eyes fats and oils: ‘There is a lack of reliable organic supply’ Specialty fats and oils supplier Bunge Loders Croklaan is expanding its portfolio of organic fats and oils in Europe. According to the company, this will enable it to meet growing demand for organic products in a sector that currently faces under-supply issues.
Bunge Loders Croklaan is growing its organic portfolio with what it describes as a ‘stead and scalable’ supply of organic-certified fats and oils, ranging from sunflower, rapeseed and soy to palm shea and coconut.
The move lifts a ‘common barrier’ hindering companies from moving toward organic status: the difficulty of finding a reliable organic oils supplier.
Walmart generated a record $152.1bn in sales, an increase of $10.4bn or +7.3%, in Q4 (13 weeks ended Jan. 29, 2021). Looking towards FY22, the retailer said it will be investing heavily in its “next generation business model” to fuel further growth.