Monday, April 21, 2014

New Greek yogurt products to take Chobani "beyond breakfast"

PepsiCo's small products drive big growth | New Greek yogurt products to take Chobani "beyond breakfast" | Study predicts growth for U.S. cereal market
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Cereal & milk is one of the leading sources of 10 vitamins & minerals in children's diets. Kellogg's
 
April 21, 2014
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Company Watch
PepsiCo's small products drive big growth
PepsiCo's introduction of macro snacking packages for products including Rold Gold Pretzel Thins, Twistos Snack Bites and Lay's Air Pops helped drive net income for the first quarter up 13%. Meanwhile, 7.5-ounce mini beverage cans showed double-digit gains, and sales of 12-ounce glass bottles more than doubled. "These packages enable us to realize new price tag revenue benefits while providing flexibility to maintain price competitiveness," PepsiCo Chairman and CEO Indra Nooyi said. FoodBusinessNews.net (free registration) (4/18)
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New Greek yogurt products to take Chobani "beyond breakfast"
Chobani will branch out with its Greek yogurt products this year by introducing new items including dips and desserts, in an effort to go "beyond breakfast" with consumers, the company's Chief Marketing Officer Peter McGuinness said. The company will also release a full-fat version of its yogurt to be used in cooking as a substitute for sour cream and other ingredients, as well as packages of yogurt mixed with steel-cut oats. The Wall Street Journal (tiered subscription model) (4/18)
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Trends
Study predicts growth for U.S. cereal market
The U.S. breakfast cereal market will increase 10% between 2014 and 2018 to reach $13 billion due to a change in consumption patterns, according to a study from Packaged Facts. The study found that 75% of adults eat cold cereal and 60% eat hot cereal. "Moreover, Americans still eat breakfast morning, noon and night. More than 40% of cereal consumers eat it as an evening or late-night meal or snack. In fact, cold cereal plays a crucial role in the lives of snackers," the report stated. FoodNavigator (4/18)
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Packaging has the power to reinvent brands
In an age of social media, millennials want authentic brands with good stories to tell, but that doesn't mean brands with decades of history can rest on their laurels, branding experts say. Re-branding campaigns reinforced by redesigned packaging are often the key to revitalizing sales of older brands. "Packaging is your billboard in the store. It's the number one ad media in consumer goods," said Peter Murane of BrandJuice, which led the re-branding of KC Masterpiece. SmartBrief/SmartBlog on Food & Beverage (4/21)
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Turning a Banned Super Bowl Ad into Marketing Gold
HBS Executive Education's Marketing programs help companies change the game. This complimentary Harvard Business Review article explores how CEO Daniel Birnbaum created a provocative Super Bowl spot that took on Coke and Pepsi. Banned by CBS, the ad still helped SodaStream level the playing field.

Advertising & MarketingSponsored By
Kraft turns to Ditto Labs for social marketing data
Kraft Macaroni & Cheese has hired Ditto Labs to analyze publicly shared pictures on Tumblr, Twitter and Instagram that contain the brand logo, with the intent of developing marketing strategies. "We want to ensure we continue to evolve, keep the brand fresh and relevant. A lot has changed with how the consumer sources information," said Sara Braun, the brand's senior marketing director. The New York Times (tiered subscription model) (4/20)
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Doritos to introduce new flavors in "mystery" packaging
Frito-Lay's Doritos brand will test consumers' reliance on packaging when it introduces three new flavors of Jacked tortilla chips in its Bold Flavor Experiment. The silver packages will have a red, yellow or blue label stating a "batch number" and revealing little else about the contents. The company is asking consumers to vote for their favorite new flavor to determine which one will continue to be produced and put on shelves in regular packaging this fall. Advertising Age (free access for SmartBrief readers) (4/18)
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NRF wants to send you to DC to share your retail story.
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Retail Spotlight
Harris Teeter introduces annual rate for online shoppers
Harris Teeter now offers unlimited use of its Express Lane online shopping service for a $99.95 annual fee. The service otherwise costs $4.95 per order or $16.95 per month. The service, which is available at 150 locations, features online ordering and store pickup, in which Harris Teeter employees load customers' vehicles and process their transactions curbside. American City Business Journals/Charlotte, N.C. (4/17)
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Government & Food Safety
CDC: Foodborne-illness rates unchanged in U.S.
Cases of salmonella-related food poisoning dropped 9% in 2013 compared with rates in 2010 to 2012, CDC officials reported Thursday. However, the overall number of foodborne illnesses did not change during the same period, possibly because of an increase of Vibrio, E. coli and campylobacter infections. Children younger than 5 and adults 65 and older had the highest rates of food poisoning. HealthDay News (4/17), The Wall Street Journal (tiered subscription model) (4/17)
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Editor's Note
Experts: Interested in sharing your insights on SmartBlog on Food & Beverage?
We're always open to expert contributions of knowledgeable and insightful stories on news and trends in all areas of the food and beverage industry. Check out our step-by-step guest post guide and then e-mail editor Tricia Smith with your story idea or for more information.
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SmartQuote
When all else is lost, the future still remains."
-- Christian Nestell Bovee,
American writer
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