Flowers Foods, a producer of packaged baked foods, will invest $25 million to expand and transform its Virginia bakery into an organic facility, creating 15 new jobs. The bakery, which the company has operated for more than 40 years, will serve the Mid-Atlantic U.S. market.
“This expansion represents a tremendous opportunity for us to meet the increasing demand for our Dave’s Killer Bread organic, Non-GMO Project Verified breads,” said Brad Alexander, chief operating officer of Flowers Foods, in a press release from the Virginia Economic Development Partnership. “We chose to convert our Lynchburg bakery for a number of reasons, including its geographic location, access to key interstate highways, and the partnership we have with local and state agencies. However, one of the more compelling reasons was the outstanding team of individuals we have at our bakery. We look forward to the successful completion of this project by late summer.”
The latest research from Mintel shows that after several years of growth, the foodservice industry is expected to decline by up to 30% from 2019 to 2020, following nationwide dine-in bans/restrictions, restaurant closures, job losses, and lowered consumer confidence.
According to Innova Market Insights’ COVID-19 Consumer Survey (conducted in March 2020), in China, India, and Indonesia, personal concerns center on health, personal income, and the availability of healthcare and products to buy.
COVID case surges across the United States and the subsequent rollbacks in re-opening plans have stalled the U.S. restaurant industry’s recovery, reported The NPD Group.
According to Reuters, Smithfield Foods has said workers cannot be socially distant in all areas of its plants, in response to U.S. senators who pressed meatpackers on coronavirus outbreaks in slaughterhouses.
Joywell Foods, a food technology company developing a sweet protein portfolio, has announced the closing of a $6.9 million Series A financing round.
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