Global food supply chains proved brittle during the Covid-19 pandemic, leading for calls to boost the resilience of global food supply chains through improved efficiency in production, distribution and consumption of nutritious food. How could technologies like blockchain that provide data to producers, distributors and consumers be part of the solution?ByAbdul-Rahim Abdulai, Carling Bieg, Evan Fraser and Sarah Marquis
We thought things would be so much better by now
A year ago I wrote about the future of the airline industry. Along with many other experts, I expected international air travel by this point would still be below pre-pandemic levels but well on its way to recovery.
We are not even close.ByVolodymyr Bilotkach
Brewing giant Heineken has stated a new ambition to decarbonise its production by 2030 and its full value chain by 2040. The announcement marks the first in a series of refreshed Brew a Better World ambitious, which forms part of the company's new EverGreen growth strategy.
Joint venture operations will be managed through the newly created entity The PLANeT Partnership, LLC (TPP). Financial terms of the partnership were not disclosed by the companies.
Product innovation meets commercial capabilities
The joint venture will leverage Beyond Meat's technology in plant-based protein development and PepsiCo's marketing and commercial capabilities to create and scale new snack and beverage options.
"Plant-based proteins represent an exciting growth opportunity for us, a new frontier in our efforts to build a more sustainable food system and be a positive force for people and the planet, while meeting consumer demand for an expanded portfolio of more nutritious products," said Ram Krishnan, PepsiCo global chief commercial officer.
Ethan Brown, Beyond Meat founder and CEO., commented, "We are thrilled to formally join forces with PepsiCo in The PLANeT Partnership, a joint venture that unites the tremendous depth and breadth of their distribution and marketing capabilities with our leading innovation in plant-based protein. We look forward to together unlocking new categories and product lines that will inspire positive choices for both people and planet."
PepsiCo said the new joint venture ties in with its efforts to help build a more sustainable food system.
Among the key pillars of that effort are using positive ingredients; expanding the company's portfolio of products that have been grown and made sustainably, through tools and techniques like regenerative agriculture and net water- and carbon-neutral production plants; and making it easier for consumers focused on health and wellness to consume products on the go through in-house product innovations such as Lays's oven-baked chips, Sabra Snack Cups, Alvalle ready-to-drink gazpacho, Quaker Breakfast flats and Gatorade Juiced.
In addition to organic innovation, PepsiCo has also made strategic acquisitions in this space, including companies such as Bare Snacks (maker of baked fruit and veggie chips), BFY Brands (maker of PopCorners snacks) and SodaStream, the world's leading sparkling water brand.
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