October 12, 2021 | ConsumerGeniuses Blog

PepsiCo introduces compostable bags for its brand, Off The Eaten Path

ConsumerGeniuses October 12, 2021

PepsiCo’s Frito-Lay branch is launching compostable packaging bags for its brand named Off The Eaten Path. The compostable bags that have made it to the shelves of Whole Food Markets and retailers this month are ethically sourced. Frito-Lay claimed that the new bags will assist the organization to accomplish its objective of manufacturing 100% recyclable, compostable, or biodegradable packaging bags across its portfolio by 2025. This is the latest type of packaging introduced by the Food and Beverage industry to reduce waste.

Calyxt teams up to develop a soya bean-based commercial alternative to palm oil

ConsumerGeniuses October 12, 2021

Calyxt, a plant-based biotechnology company, has joined hands with an unnamed Asian Manufacturer to introduce a soya bean-based commercial alternative to palm oil. This partnership would help Calyxt generate approximately $35 million for the company. Palm oil has been questioned for sustainability reasons as its extraction results in deforestation, climate change, habitat degradation, and animal cruelty. Although big names like Nestle, General Mills, and Unilever are committed to bringing sustainable changes in the food industry, the issues surrounding palm oil remained unaddressed.

Conagra Brands increased prices to fight higher inflation, while expects to raise full-year sales

ConsumerGeniuses October 12, 2021

Packaged food companies are struggling with higher inflation rates as the US economy is recovering. Companies are spending excessively on logistics to overcome the pandemic-led supply chain disruptions. Conagra Brands Inc. has again increased the prices of frozen meals and snacks because the cost of ingredients is rising, including grains, edible oil, and proteins. Thus, the prices of staple meals went up by 3.3% and frozen meals by 3.5%. Nonetheless, the risen prices have not dissuaded the consumers. Instead, the company expects an uptick of 1% in full-year sales.

Peloton introduced its clothing brand named Peloton Apparel

ConsumerGeniuses October 12, 2021

A DTC and at-home fitness company, Peloton, has launched its private clothing brand named Peloton Apparel. Peloton Apparel will have a signature style of dresses that rehash from one season to another. However, they will come with new colour combinations and designs. The 2021 Fall collection includes clothing for men, women, and the neutral gender, ranging from $15 to $118. Shoppers can purchase the collection from Peloton’s online stores along with selected retail outlets. They can also place orders using the brand’s official Facebook and Instagram accounts.