Consumer Packaged Goods Broker News: Snack sales lift PepsiCo to highest stock price since 1980

Honest Tea leads the way to drinks with less sugar | Cargill set to increase packaging efficiency with new investment | New York state claims first place in yogurt production

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April 19, 2013

News for the food, beverage and consumer packaged goods industry

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Snack sales lift PepsiCo to highest stock price since 1980
PepsiCo's first-quarter numbers beat out analysts' projections and took the company's stock to its highest point since 1980, when adjusted for splits. Company CEO Indra Nooyi's emphasis on marketing key snack brands accounts for the profit jump despite flagging soda sales. Bloomberg Businessweek (4/18)

Honest Tea leads the way to drinks with less sugar

Seth Goldman, CEO of Honest Tea, talks about the company's approach to its mission and commitment to staying environmentally and socially responsible, and its work with Net Impact. Honest Tea works to do more than just sell products -- Goldman says he wants to make a difference for everyone affected by his business model. Forbes (4/18)

Cargill set to increase packaging efficiency with new investment
Cargill is investing in new equipment for its meat packaging plant in Hazelton, Pa. The new technology, totaling about $5.5 million, is expected to increase output and improve ergonomics for its workers. FoodBev.com (4/19)

Why Food & Beverage Manufacturers Should Avoid Generic ERP Systems
You might have all sorts of reasons for needing a new business system. But with so many options, how do you make the right choice? If you're trying to decide whether a generic ERP or an industry-specific solution will do, you're not alone. This white paper highlights four ways to better your production efficiency with a manufacturing execution system and some tips to help you decide. Download the free white paper now.

Trends

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New York state claims first place in yogurt production
According to the state's governor, New York is the current leader in U.S. yogurt production, topping California in a state-sponsored data crunch. While the National Agricultural Statistics Service no longer tracks yogurt production by state, both New York and California calculate production rates using the same methodology. The New York Times (tiered subscription model) (4/18)

In global candy sales, chocolate is king

As global confectionery sales continue to increase, chocolate sits with a 55% claim on the market, according to a report from Global Research & Data Services. The report places the 2011 confectionery market at $185.5 billion and projects growth to $208 billion by 2017. FoodBev.com (4/18)

Taste beats convenience for coffee buyers
People searching for coffee will forgo convenience in favor of taste, finds a recent Harris Poll. Respondents found that 66% of buyers will skip the most convenient coffee seller in favor of a favorite shop or a place that sells coffee with a preferred flavor. Convenience Store News (4/18)

The Social Media ROI Cookbook: Six Ingredients Top Brands Use
In this free report, industry expert Altimeter explores the most effective "ingredients" for measuring the revenue impact of social media, providing insights and case studies from an array of top companies. Offerpop is happy to make this penetrating study available to SmartBrief readers. Download it for free!

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PepsiCo continues to increase its marketing spend
PepsiCo spent 11% more on global marketing and advertising in the first quarter, compared with Q1 2012, even though profits were down 5%. "With the productivity we're unlocking, we're able to invest in growth drivers like advertising and new product launches and to simultaneously drive margin improvement," said CEO Indra Nooyi. Advertising Age (tiered subscription model) (4/18)

Myths, Pitfalls and Realities of CPQ Software
Configure Price Quote Software can be difficult to deploy and implement. This white paper highlights the common myths in the market place and provides a practical guide on how to prepare for the challenges ahead. Learn how to expose the pitfalls before you buy your CPQ software. Download the free guide now.

Retail Spotlight

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Fast-growing Fairway goes public
New York City-based Fairway Market has raised $177.5 million in an initial public offering, with each share priced at $13. The 12-store retailer aims to expand its gourmet-grocery model to 300 stores nationwide. The New York Times (tiered subscription model)/DealBook blog (4/16)

CSO Insights: 2013 Sales Performance Optimization Study Results
In this analysis, see an overview of the eight key attributes found in high performance sales organizations, and some of the major trends that positively and negatively impacted sales behavior in 2012. Compare how your sales team's best practices align with the high performing organizations in this study. Download the free study now.

Health & Wellness

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Adulturation in "superfruit" products may be a significant problem
As "superfruit" products rise in popularity, the economic pressures of producing such products may often drive producers to adulturate and counterfeit these foods. Doing so undermines the industry's credibility and poses a threat as the media offer more and more coverage of the growing practice of faking, several industry leaders have suggested in recent speaking engagements. NutraIngredients (4/18)

Tofu byproduct may have a role as a liquid additive
Soy whey, a byproduct of the manufacturing process of tofu, can be converted to hydrolysate, a protein that can then be used as an antioxidant and protein-rich additive in liquid foods, according to a new study published in the Food Science Biotechnology journal. The researchers concluded that the potential antioxidant properties could give soy whey an advantage as an additive. NutraIngredients (4/18)

IT Security's Worst Enemy
Organizations across the world continue to strive for greater agility, efficiency and innovation. But they also need to cut costs, improve productivity and become more competitive. This white paper investigates what new IT security approach is required to effectively respond to the changing threat landscape and new ways of working. Learn more.

GMA News

GMA Career Center connects you with top industry jobs, candidates

The GMA Career Center is designed to connect you with the top talent and the biggest names in the food, beverage and consumer product industry. If you’re looking for the perfect fit for an opening in your company, the GMA Career Center will provide:

Targeted exposure for job postings: posts average over 250 views per job.
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Let GMA find the right fit for you - visit www.GMAjobs.org for more information.

*Now through December: Save 20% when placing a 30-day job posting on the GMA Career Center by entering code PUBS2013

Position Title

Company Name

Location

Legal Director

PepsiCo

Chicago, IL

Coordinator, Industry Affairs

Grocery Manufacturers Association (GMA)

Washington, DC

Sales Account Manager

ZuPreem

Overland Park, KS

Category Manager - Dairy & Nutrition

Confidential

Dallas, TX

Vice President, State Affairs and Grassroots

Grocery Manufacturers Association (GMA)

Washington, DC

Processing Plant/Warehousing Manager

Confidential

Miami, FL

Click here to view more job listings.

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