| August 24, 2011 | News for the food, beverage and consumer packaged goods industry |  |  |
| Company Watch |  |  | | - Kraft to cut coffee prices 6%
Kraft Foods said it will reduce whole prices on its Maxwell House and Yuban coffee brands 6%. The announcement follows news that J.M. Smucker will cut prices for Dunkin' Donuts and Folgers coffee as the cost of coffee beans declines. Los Angeles Times (8/24)        | Introducing The New Business Gold Rewards Card from American Express OPEN. Designed to earn Membership Rewards® points faster:
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   - Drinks brands pour on the nostalgia
Studies show consumers' propensity for nostalgic thought and for remembering the past in a positive way. Hendrick's Gin has only been sold since 1999, but the company cultivates an aura of nostalgia, as does Bailey's Original Irish Cream and other brands. FastCompany.com (8/23)  | Despite being a backbone enterprise application, Enterprise Resource Planning is often misunderstood. In this guide from Focus, top experts provide their suggestions and recommendations to guide you through your evaluation of the best choices. Unravel the complexities of ERP once and for all to make an informed buying decision by downloading this free white paper. |
  | Learn about key HR areas that all entrepreneurs will face
Entrepreneurial execs know that they need to follow the rules, but they may not realize which decisions will lead to the two vital components that help keep HR costs low. The following paper will focus on minimizing human capital expenses in four key areas. Download the white paper, An Executive’s Guide to Cutting HR Costs to learn more. |
| Health & Wellness | | | | - Cholesterol-lowering foods beat low-fat diet alone in study
A Canadian study found that people who were advised to eat cholesterol-lowering foods, such as soy milk and nuts, achieved a greater than 13% reduction in LDL cholesterol compared with a 3% decrease for those told to follow a low-fat, high-fiber diet. The study found that food with viscous fiber, such as barley and oats, and food with plant sterols, such as enhanced margarine, are among the most likely to lower cholesterol. The findings appear in the Journal of the American Medical Association. HealthDay News (8/23) | GMA News | | | | - Sustainability Summit 2011: Beyond Going Green
GMA and the Food Marketing Institute are bringing food, beverage and consumer product retailers and suppliers together to accelerate environmentally and socially responsible business practices at the Sustainability Summit 2011, Sept. 12 to 14 in Scottsdale, Ariz.
The summit features nationally recognized leaders from inside and outside of the industry who will address issues such as sourcing greener products, reducing waste, and product and packaging innovation. For more information on the summit, visit www.tpasustainabilitysummit.org.
| Government & Food Safety | | | | - China food safety of concern in the U.S.
A new food safety scandal has erupted in China, this time involving vinegar that turned deadly because it was stored in barrels that previously contained antifreeze. The FDA issued a report in June noting imports from China are increasing, and the agency lacks "the resources to adequately keep pace with the pressures of globalization." Wired.com (8/23) - Syngenta challenges Bunge's ban on its biotech corn seed
Syngenta has sued grain elevator operator Bunge North America claiming that Bunge breached federal and state laws after issuing notices that it won't accept Syngenta's Agrisure Viptera biotech corn seed until the company secures export approval in China. Syngenta said its biotech seed has been approved for export to several international markets, including Australia and Brazil. CNBC/The Associated Press (8/23)
| SmartQuote | | | |  | In dwelling, live close to the ground. In thinking, keep to the simple. In conflict, be fair and generous. In governing, don't try to control. In work, do what you enjoy. In family life, be completely present."
--Lao Tzu,
Chinese philosopher  |
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