Lightning Round: the fight for the consumer packaged goods industry

By Frazer Jones
The consumer packaged goods industry is in peril: according to an in depth profile in Fortune, the biggest packaged foods companies lost a $4 billion ch...

The consumer packaged goods industry is in peril: according to an in depth profile in Fortune, the biggest packaged foods companies lost a $4 billion chunk of the market share last year as consumers upped their interest in the natural and organic niche markets. How can the industry’s major players regain consumers and get back on top? For some, giving consumers what they want may involve total reinvention. ~ Fortune

Is your business recognizing diversity? This week Yum Brands shouted out efforts toward diversity and inclusion leadership in its logistics division by presenting its inaugural Supplier Diversity Award to The BAMA Companies inc., a woman-owned baked goods supplier to Yum Brands chains for the past two decades, at its annual supply chain awards ceremony. ~ Business Wire

A new law in France is doing it right: the French national assembly unanimously voted this week to forbid supermarkets from throwing away or destroying unsold food, a common practice that results in literal tons of food waste every year. Instead of throwing out unsold food at its sell by date (still good to eat, it’s important to note), markets are being mandated to donate the unused goods to charities. Could a law like this catch on worldwide? How much of a difference would it make in the fight to combat hunger and food waste issues? ~ Foodbeast

Yum Brands is also branching out and creating new competition for industry leaders—Super Chix, Yum’s experiment in competition with Chick-Fil-A, is growing strong with the launch of a new Dallas location. ~ Dallas Observer

 

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