Sustainability has grabbed our attention today. Meat leader Tyson Food is looking at a vegan range, grocer Coles has launched a reusable container promotion, and meal kits have been given the environmental tick of approval – but only compared to the global impact of food waste. Have a great weekend!




Friday, 26 April 2019





Hello ,

Sustainability has grabbed our attention today. Meat leader Tyson Food is looking at a vegan range, grocer Coles has launched a reusable container promotion, and meal kits have been given the environmental tick of approval – but only compared to the global impact of food waste. Have a great weekend!




Europe


Major blow ▪ It’s official. The proposed GBP 7.3 billion merger between leading UK supermarkets Sainsbury’s and Asda is dead in the water. The Competition and Markets Authority ruled that the union would have resulted in higher prices for customers. Check out what the experts have to say on the verdict.



Fresh blood ▪ Leading Dutch supermarket chain Albert Heijn has unveiled a new management team who have been appointed to respond to changing customer needs, developing trends in food retail and other key areas of growth. The team will be led by general manager Marit van Egmond and will start in May.




The Americas


Amazon delivers ▪ The retail powerhouse has crushed its first quarter earnings, doubling its year-on-year net income to USD 3.56 billion. The company has also announced faster delivery plans for members of its loyalty club Prime, a move that saw shares jump by 2%.



Money matters ▪ Coffee giant Starbucks is celebrating an earnings report that beat expectations, with a second quarter net income of USD 663 million. Meanwhile, Brazil Carrefour’s main competitor Grupo Pão de Açúcar is closing in on the market leader, with a 12% increase in first quarter sales. Workplace cloud-messaging platform Slack is reportedly valued at over USD 16 billion as it prepares to go public.



Big reveal ▪ Walmart has opened its first store powered by artificial intelligence. The ‘store of the future’ is based in New York and boasts AI-cameras to monitor inventory, interactive displays and is staffed by over 100 employees.



Protein wars ▪ Leading US meat processing firm Tyson Foods has sold its 6.5% stake in plant-based burger maker Beyond Meat, amid growing tension between the two companies. Tyson is reportedly looking to advance its own range of meatless protein products.




Asia & Australasia


Green initiatives ▪ Australian supermarket giant Coles has launched an environmentally-friendly promotion, with customers earning credits that can be redeemed for reusable containers. Meanwhile in Seoul, the Hanwha Galleria is using a giant colour-coded video display to give onlookers a sense of how bad air pollution is.



Asking for change ▪ The founder of e-commerce platform Pinduoduo, Colin Huang is calling for greater openness in the highly competitive Chinese industry. The current exclusivity means sellers and consumers can be restricted to certain platforms or methods of payment, which Huang argues is negative for the industry in the long term.




Food for thought


Royal celebration ▪ Whole Foods is waiting with a barrage of cheesy puns at the ready to celebrate the birth of Britain’s Prince Harry and Megan Markle’s baby. A ‘vibrant orange’ speciality cheese named ‘Royal Addition’ will be released, a not-so-subtle nod to the Prince’s signature ginger hair.



Sustainable eating ▪ The eco-report card for meal kits is in, and the results are surprising. While many expected the pre-portioned servings to be devastating for the environment, a new study has shown that meal kits, even with their abundant packaging, have a lower environmental impact than cooking from scratch.



Eco-friendly conundrum ▪ With much of the retail world making the shift from plastic to reusable bags, the question has been raised: who should bear the cost of the shopping bags – the retailer or the shopper? Check out both sides of the debate here.