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
Processing
Announcing $115 Million Series B Funding Round for Afresh
As the leading AI-powered fresh food technology provider, we’re proud to announce a $115 million Series B funding round led by Spark Capital with participation from Insight Partners, VMG Partners, and Bright Pixel Capital. Walter Robb, senior executive partner at S2G Ventures and former co-CEO of Whole Foods Market, also joined the round. All prior investors, including Maersk Growth, High Sage, and Innovation Endeavors, also participated in the round, bringing our total funding to $148 … [Read more...] about Announcing $115 Million Series B Funding Round for Afresh
Stickers and a smartphone for easy nitrite detection on foods
Nitrates and nitrites give processed meats their characteristic pink colour and robust flavour. Although many consumers want to limit consumption of these preservatives because the substances can form potentially cancer-causing compounds, knowing how much is in food has been difficult to determine. Now, researchers reporting in ACS Applied Materials & Interfaces have developed a colour-changing film that consumers can stick onto foods and easily analyse nitrite levels by snapping a … [Read more...] about Stickers and a smartphone for easy nitrite detection on foods
