Weekly Roundup – Week of 6.19.2023
June 23, 2023
This week’s roundup highlights the latest food and beverage-related stories and product news – curated by our team of strategists and food enthusiasts:
Could Sleep-Inducing Foods Replace Sleep-Aid Supplements?
Food and beverage manufacturers are cautiously counting on it. A study from The American Psychological Association indicates that half of Americans struggle to fall asleep and 2 in 3 have sleep disorders. CPG companies are taking notice of this untapped market. Chris Peruzzi, founder, formulator, and COO of The Functional Chocolate Company began combining natural products with chocolate to help his own children who suffered from stress, anxiety, and other ailments. The company now offers Sleepy Chocolate which uses sleep-inducing ingredients such as PharmaGaba, chamomile, and passionflower. Today it is the company’s best-selling product. Read Further.
Generative AI Is Expected To Disrupt The Transportation Industry
According to the CNBC article, generative AI “will be able to predict when trucks need maintenance, work out optimal shipping routes, as well as forecast demand.” This transformative technology will also be able to interpret why sales forecasts were missed and streamline the process for manufacturers to get products from their manufacturing plants to people. Industry analyst, Ravi Shanker at Morgan Stanley states, “AI may be able to totally (or nearly) remove all human touchpoints in the supply chain including ‘back office’ tasks. This disruption will likely eliminate jobs but create new ones.” Learn More.
Domino’s Launches Pinpoint Delivery Service
Domino’s innovation in pizza delivery brings pizza “anywhere”. First of its kind, this new service requires no address, allowing customers to drop a pin on a map for drivers to deliver to. Whether customers are at a park or the beach, whenever they are hungry for pizza, Pinpoint Delivery will provide the location for drivers to meet customers with hot, ready pizza and other menu items. Read Story.
Movies Meet Summer Snacking Season
As the blockbuster season comes upon us so do the snacks, but there has been a change in how Americans are snacking. More consumers are looking for healthier snack options to indulge in. Three notable companies are leveraging this better-for-you trend. Black Jewell’s new heirloom black popcorn boxes combine a beloved snacking staple, convenience, and healthy claims – chemical-free, no PFOA, 100% whole-grain verified. Marquis launched a ‘clean’ plant-based caffeinated beverage formulated from yerba mate, green coffee, and green tea and full of B vitamins with 0 grams of sugar, 0 calories, and 0 carbs. Find the 3rd snack, Here.
BodyArmor Expands Offerings With New Rapid Hydration Drinks
Coca-Cola’s newly acquired brand, BodyArmor, will slowly launch BodyArmor Flash I.V. into the quickly evolving hydration drink market, competing with established brands Gatorlyte and Electrolit. The company says this drink will include Zinc and vitamins B and C and be the “perfect balance of carbohydrates and electrolytes for faster absorption and replenishment.” Starting first in regional retail markets, the flavors will be available nationwide in 2024. Read Article.
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