Tate and Lyle, a US-based global supplier of food and beverages ingredients, has eliminated the use of coal-based energy across its global operations. This elimination has completed the multi-year capital investment program, which aimed to reduce greenhouse gas emissions in Tate and Lyle plants. This mission has been accomplished by supplanting coal frameworks with natural gas-fired combined heat and power systems at four factories in Loudon, Tennessee, Decatur, Illinois, and the two plants in Lafayette, Ind. The elimination would result in less water usage, and local communities would breathe in purified air. Read more from Foodincanada

A plant-based meat manufacturer, Future Farm, has raised $58 million in Series C funding in association with BTG Pactual and Rage Capital. The firm offers plant-based patties made of soy, peas, beetroot, and chickpeas since 2019. The products are available on the shelves of more than 10,000 retail shops across Latin America, Europe, APAC, and the US. The company is working on its True Texture Technology to manufacture healthy plant-based alternatives that taste, look and cook like traditional animal-based meals. The company plans to utilize its total funding of $89 million to accelerate product development, expand its market and launch 100% sustainable and plant-based packaging made of sugar cane. Read more from Foodbusinessnews

Mondelēz has rolled out its plant-based chocolate bar, the Cadbury Plant Bar. The bar holds its creamy taste by supplanting milk with almond paste. The Cadbury Plant Bar has initially launched in the UK and Ireland, while the Chicago-based company would soon launch it in the US. This bar has motivated Hershey, Nestle, and Mars to enter into the plant-based alternative category as consumers do not prioritize buying products made with animal-based ingredients. Read more from Fooddive

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.

In the ongoing times, consumers are mindful of environmental and health concerns. This is why The Alkaline Water CO., claims that consumers nowadays are looking for hydration, low cholesterol, cognitive support, immunity, energy, and sleep in their functional beverages. Besides this, the ingredients that consumers explore are vitamin C and D, calcium, vitamin B12, turmeric, zinc, and probiotics. ShineWater, another famous name in the bottled water industry, is trying to cope with the deficiency of vitamin D in the majority of the US adult population.

Nestle is planning to establish a regenerative food system that secures the environment and upgrades farming methods. Nestle plans to half its emissions by 2030 and goes net-zero by 2050. To implement a regenerative agriculture strategy across its supply chain, Nestle is investing Swiss Francs 1.2 Billion in the coming five years. The company aims to help farmers in three ways to grow crops through regenerative methods. Nestle will provide technical assistance, investment support and “pay premiums for regenerative agriculture goods.”

Clorox, a cleaning and disinfecting products manufacturer, is on its way to achieve net-zero emissions by 2050 by adopting the following framework. 1, By 2030, the firm aims to reduce plastic and fiber packaging by 50%. 2, By 2025, Clorox plans to use 100% recyclable packaging. 3, By 2030, it will assure zero waste to landfills. 4, In 2021, there would be 100% renewable electricity in the US and Canada. 5, The firm plans to reduce the usage of cleaning products and chemicals.

Sustainability has become a significant objective for leaders. Companies are establishing sustainable organizations that are well-suited and meet investors’ expectations. Executives can lead in the following four ways to create more job opportunities and resolve sustainability-related issues. 1, Design the plan according to “sustainability topics” instead of “sustainability overall.” 2, Give a full charge to the central sustainability team to implement changes when needed. 3, Adopt a sustainability work model that aligns with the strategic goals of the organization. 4, Focus on processes and administrative designs.

Tesco has launched Loop’s reusable packaging at 10 of its stores in England to implement a zero-waste packaging system. Loop, a reusable packaging organization of TerraCycle, has offered the Tesco program, which covers the packaging of 88 products. If the program turns out to be a success, this packaging could be reused 2.5 million times in a year. In the Tesco Loop program, consumers would purchase a good with a small refundable deposit then claim the refund on an app after returning the package to the store. Big companies like Nestle, Proctor and Gamble have invested in the Loop Pilot Program which is available in the US, France, Canada, and Japan.

Josh Tetrick, CEO of cultivated meat company Eat Just, anticipates that cultivated meat would dominate chicken meat in the near future. He claimed that 70% of Singaporean consumers who tried Eat Just’s chicken found it better than the original one, while 88% of them believed that these products would soon replace original meat products. He mentioned that the price of cultivated meat protein would be less than traditional meat like beef and pork. He added that cultivated meat proteins would pose fewer risks of microbial infection, as they have less saturated fats and LDL cholesterol.

PepsiCo plans to implement the “pep+” initiative to reduce the use of virgin plastic. The firm is expanding the “SodaStream carbonated-water business” internationally. To fight climate change, PepsiCo aims to use 100% recyclable packaging by 2025. Approximately 2.3 million metric tons of plastic is used by PepsiCo every year. However, the brand plans to reduce the percentage strategically. Besides this, PepsiCo has teamed up with Beyond Meat Inc. to launch plant-based protein snacks in the early months of 2022.

CG companies need to make sure their products keep generating revenue after the year of their launch. The firms should avoid innovational traps like; new news, solitary procedure formula, and continuous product launch. Instead of attracting consumers by launching new products continuously, companies need to develop a long-term prioritized framework regarding existing products. Companies should launch products in growing categories when required instead of stagnant ones. Companies should also devise flexible development plans according to the product type to ensure profit even after years. Read more from Strategybusiness