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🍫 E.U. Fines Mondelez

Daily Briefing
Plus, Campbell’s makes cuts, adds supply chain capacity͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
 
 
NoshMay 28, 2024
DAILY BRIEFING: LITE EDITION
A preview of today's news & insights for the food industry.

📰 Today's Top Story

🍫 E.U. Fines Mondelēz For Anti-Competitive Practices

🍫 E.U. Fines Mondelēz For Anti-Competitive Practices

Mondelēz will pay a $365.74 million (€337.5 million) fine to the European Commission due to its “historical” engagement in anti-competitive practices that limited competition and barred parallel trade activities in several E.U. member states. 

Become an Insider to read all about the charge and what this could signal for the future for big CPGs.

✨ What You Need to Know ✨

🥫 Campbell Soup Closing Plant, Optimizing Supply Chain

🥫 Campbell Soup Closing Plant, Optimizing Supply Chain
[Source: Campbell's]

A supply chain transformation is underway at Campbell Soup Company. The Camden, N.J.-based company today announced several key changes to its manufacturing footprint to enhance efficiency including:

  • Ceasing operations at its Pacific Foods plant in Tualatin, Ore., by July 2026 and transitioning production to other Campbell’s plants and co-mans, eliminating 330 jobs. 
  • Reducing the size of a Jefferson, Ind., snack facility by shifting kettle potato chip production to other Campbell’s plants, eliminating 85 jobs.
  • Investing approximately $230 million through fiscal 2026 (including $80 million spent to date) to add capacity to plants in North Carolina, Pennsylvania and Wisconsin, creating a total of 210 new roles.
  • Expanding production of Goldfish crackers at its Richmond, Utah, plant, adding approximately 80 new roles at the site.

🎙️ Now Streaming: Taste Radio

🛒 Talking Shop With Insiders From Walmart, Sprouts & Gelson’s

🛒 Talking Shop With Insiders From Walmart, Sprouts & Gelson’s

If you’ve ever wanted to get inside the mind of a retail buyer or merchandiser, this episode, in which we sit down with key executives representing mass, specialty and natural grocery retail chains, is required listening.

Check it out now.

🚨 What You're Missing 🚨

  • The latest updates on A.I.'s convergence with CPG
  • Details on a new production facility for 1440 Foods
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    May 28, 2024 5:26pm

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