Purity Organic acquires Dunn’s River Brands

U.S. foodservice industry set to rebound to pre-pandemic levels by 2023 July 29, 2020

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.

COVID-19’s impact on lifestyles and eating behaviors in Asia July 28, 2020

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.

U.S. restaurant industry recovery stalls with no improvement in six weeks July 27, 2020

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.

Smithfield says not all plant workers can be socially distanced July 24, 2020

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 closes $6.9 million Series A financing led by Evolv Ventures July 22, 2020

Joywell Foods, a food technology company developing a sweet protein portfolio, has announced the closing of a $6.9 million Series A financing round.