Thursday, July 24, 2014

Snack innovations give PepsiCo's revenue a lift

Snack innovations give PepsiCo's revenue a lift | Smaller packaging helps drive Coca-Cola Q2 sales | Bimbo sales up 7.8% in U.S., Canada in Q2
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July 24, 2014
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Snack innovations give PepsiCo's revenue a lift
Buzz driven by snacking innovations including cappuccino-flavored Lay's potato chips helped boost PepsiCo's organic revenue by 5% this year, Chairman and CEO Indra Nooyi said Wednesday. PepsiCo's Lay's, Doritos and Cheetos brands all reported strong sales, and beverages saw 2% growth in organic sales due in part to price increases associated with product launches such as Mountain Dew Baja Blast. FoodBusinessNews.net (free registration) (7/23), Reuters (7/23), Bloomberg (7/23)
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Smaller packaging helps drive Coca-Cola Q2 sales
Coca-Cola reported 3% global volume growth in the second quarter, which CEO Muhtar Kent attributes to the strong performance of higher-margin small packages such as the 7.5-ounce mini cans and 16-ounce immediate consumption bottles, which drove more than 60% of the growth in North America. BeverageDaily.com (France) (7/22)
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Bimbo sales up 7.8% in U.S., Canada in Q2
Grupo Bimbo reported second quarter sales in the U.S. and Canada were up 7.8% from the same period last year while profits were relatively unchanged at $80 million due in part to the good performance of muffins, bagels and rye bread. The second quarter results included more than a month of sales from the recently-acquired Canada Bread company, which accounted for 7.6% of the second quarter increase. FoodBusinessNews.net (free registration) (7/23)
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Olives get more snackable
Musco Family Olive Co. is pleased to add three new flavors to its award-winning and innovative line of Pearls Olives to Go! ready-to-use olive cups: Kalamata, Pimiento-Stuffed Spanish Green, and Sliced Black Ripe. Each package of Pearls Olives to Go! contains four single-serving cups that are ideally portion-controlled and mess-free.
 
TrendsSponsored By
Millennials reinvigorate the jam, jelly category
Millennials are a boon for the jam and jelly market, as the products become a bigger part of preparing meals and the growing Asian and Hispanic populations drive innovations that include bold, unconventional flavors, according to Mike Post, vice president of sales for Trailblazer Foods. Popular jam and jelly ingredients include sriracha, chipotle, habanero, guava, passionfruit and mango, he said. FoodNavigator (7/23)
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We asked ourselves this question, and then we asked 10,000 consumers. We found out that what consumers say and what they do don't always match up when it comes to sweeteners. See what we learned in this video, and find out how it affects your business in a custom Sweetener360 report.
 
SmartBrief Originals
Read the latest food and beverage coverage by SmartBrief in SmartBrief Originals:
Is Your Small Business Using Social Media?
Three in five business owners expect to spend the same or more time on social advertising in the coming year. Social media continues to be a valuable resource for small businesses looking to drive sales, increase brand awareness and reach new customers. Download your free white paper, Going Global: Social Media Marketing for Small Businesses, and learn why it is important to be strategic in choosing your social media platforms.

Supply Chain Management
How sustainable sourcing helps "future-proof" supply chains
Sustainable sourcing and procurement are key factors in "future-proofing" or protecting supply chains against future problems. Sustainable sourcing helps reduce procurement delays, improve supplier relationships and reduce waste-management costs while improving efficiency and transparency. E-procurement is considered by many organizations as one of the most beneficial steps toward sustainable sourcing and sustainable supply chain management. B2C Marketing Insider (7/21)
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Advertising & Marketing
Hershey Co. accounts for nearly half of candy ads on TV
Hershey Co. accounted for nearly half of the $883.6 million spent on national TV ads for candy and gum in the first half of 2014, with the bulk of spending going toward Hershey's and Reese's products, according to iSpot. NBC and Fox were the top two networks for Hershey's TV ads, while Reese's focused its spend on Comedy Central, TLC and Discovery. The Wall Street Journal (tiered subscription model)/CMO Today blog (7/24)
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Tyson tells a story to keep customers coming back
Tyson launched a multi-channel campaign last year to introduce its Home-style Chicken Fries any'tizer to Sam's Club customers. The company partnered with Collective Bias to generate content that it shared across various social sites. "Our past marketing strategy was always about get[ting] as many customers as you can ... Now it's very much changed," said Karen Doan, group marketing manager for alternative channels and customer marketing. "It's about retention and loyalty; and storytelling [does] that." Direct Marketing News (7/23)
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Retail Spotlight
Where does the Safeway, Albertsons merger stand?
Safeway shareholders will vote on the sale of the company to Albertsons on Friday, as federal regulators continue to conduct an antitrust review of the deal, one of the largest among grocery retailers. Albertsons is expected to retain all of Safeway's brands, but stores will have to be sold in some markets. Together, the chains operate 2,400 stores nationwide. The Dallas Morning News (free content) (7/23)
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Health & Wellness
Study: Probiotics may provide blood pressure benefits
Foods that contain probiotics, such as yogurt, milk and cheese, may help lower blood pressure, according to a review of nine studies. The studies show probiotics' effect on blood sugar, cholesterol and hormones, all of which can help increase blood flow and lower blood pressure. Reuters (7/21)
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GMA News
Prepare your organization for product recall
Product recall is an expensive and untimely, but a real concern for CPG companies. Having a well-trained staff on hand to mitigate these unfortunate events should be an essential policy for any viable organization. Have your employees trained by expert faculty at GMA's Efficient and Effective Product Recall Management workshop on Sept. 24 in San Diego. Register today!
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SmartQuote
Progress begins with the belief that what is necessary is possible."
-- Norman Cousins,
American journalist
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