Company transitioning to three operating segments to drive sustainable growth Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, on Tuesday announced a new strategic operating model, aligning its businesses to be more agile, consumer and customer focused, and market-driven. Effective Oct. 31, 2022, the beginning of fiscal 2023, the company is transitioning to three operating segments – Retail, Foodservice and International. The One Supply Chain team will continue … [Read more...] about Hormel Foods Announces New Strategic Operating Model
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Arla Foods Ingredients receives positive EFSA opinion for Bovine Milk Osteopontin
Arla Foods Ingredients has secured a positive opinion on its Novel Food application for Bovine Milk Osteopontin ingredient Lacprodan® OPN-10. The European Food Safety Authority (EFSA) has published an opinion that Bovine Milk Osteopontin (OPN) is safe for use in infant formula (IF), follow-on formula and ready-to-eat dairy-based meals for children. When this process is complete, Lacprodan® OPN-10 will become Arla Foods Ingredients’ first product for infant nutrition … [Read more...] about Arla Foods Ingredients receives positive EFSA opinion for Bovine Milk Osteopontin
