The Consumer Brands Association also said the tax could result in the loss of tens of thousands of manufacturing jobs in the CPG food sector.
The Lancaster facility has about 200 employees and is expected to close by the end of September 2024. Production will be transferred to other locations.
In the company’s earnings call, CEO Jim Snee signaled caution ahead of the new year, projecting a decline in sales as consumers cut back on spending.
The Virginia facility is one of the food giant's most technologically advanced, and is expected to churn out 4 million pounds of protein a week.
Pedro Navio, who takes over from soon-to-be CEO Carlos Abrams-Rivera, also discussed with Food Dive the biggest challenges and opportunities facing his business.
Consumer acceptance has been a steep hurdle for the plant-based meat industry. Creativity will be key in presenting plant-based products, including by providing recipes and catering to different ...
Agriculture will be central to climate talks for the first time as the UN pushes nations to tackle farming's toll on the environment.
Edgy messaging is helping the direct-to-consumer brand drive awareness as it prepares for a broader launch at retail.
Warnings from the antitrust division over aspartame have the potential to make social media campaigns more cautious in how they communicate.
The yogurt producer is the first corporate sponsor of the Global Methane Hub’s program, which will fund research into solutions that combat the production of the harmful greenhouse gas in livestock.
The investment is the first for private equity arm Skky Partners as it looks to cash in on growing demand for spicy, unique condiments.
Andersen, a prominent IT company, has introduced an enterprise-level application to revolutionize the grocery shopping experience for consumers. Crafted by a team of experts, this innovative digital ...