Food Business News - July 5, 2011 - (Page 1)

July 5, 2011 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Campbell Soup initiates cost cutting plans CAMDEN, N.J. — The Campbell Soup Co. has announced a series of initiatives to cut costs and improve its supply chain efficiency. Most notably, it plans to lay off 510 employees at its facilities around the world, close its office in Moscow and exit the Russian market, and close its manufacturing plant in Marshall, Mich. “As part of the development of our strategic plan, our leadership team, in consultation with the board of directors, has been examining all aspects of our business, including our current emerging market operations,” said Denise Morrison, chief operating officer and chief executive officer-elect. “Though Russia remains an attractive potential growth Continued on Page 12 Weather, input costs push fruit, vegetable prices higher Story on Page 36 J ust as drought in some regions of the United States and excessive moisture in others have wreaked havoc with some grain crops, many fruit and vegetable crops also have been adversely affected by cool, wet spring and early summer weather. The weather issues will translate to higher prices, especially when coupled with higher energy costs and reduced acreage in some cases as growers opted to plant higher-value grain or oilseed crops. But it will be a mixed bag overall for fruits and vegetables as some are coming off high prices a year ago while others Continued on Page 34 Casting harsh light on potato chips While many foods seen contributing to weight gain, potatoes stand out in study BOSTON — Increased intake of potato chips and potatoes, including french fries, was identified as the largest contributors to longterm weight gain in a study published June 23 in the New England Journal of Medicine. Tracking weight gain among 120,877 healthy participants between 1986 and 2006, the study’s authors found subjects adding an average of 3.35 lbs every four years across the study period. On the basis of their increased intake of various foods, the authors said higher intake of potato chips (an additional serving per day) contributed to 1.69 lbs of gain and potatoes contributed 1.28 lbs. The figures were significantly higher than many other dietary sources frequently fingered as contributors to weight gain, including sugarsweetened beverages, 1 lb; refined grains, 0.39 lb; sweets and desserts, 0.41 lb. Other significant contributors were red meat, 0.95 lb; and processed meats, 0.93 lbs. By contrast, inverse associations with Continued on Page 26

Table of Contents for the Digital Edition of Food Business News - July 5, 2011

Food Business News - July 5, 2011
Campbell Soup initiates
Weather, input costs push
Casting harsh light
Editorial - Consumer food safety education
Mars sets plans for $250 million,
Smithfi eld subsidiary faces
New Leaf Brands open
McDonald’s May
Restaurant Performance Index declines in May
Denise Morrison elected c.e.o. by board
Crossing cultures with
Nestle ahead in product evaluation,
Strong pork results propel Smithfi eld Foods
McCormick & Co. to acquire
Commission clears General Mills purchase of Yoplait
Unilever restructures leadership, divisions
Strong Q4 contributes to yearly profit at General Mills
Heart health concerns hinder egg market growth
Functional foods market
TreeHouse lowers 2011 guidance as
Study latest blow for ‘taters’
Strong quarter boosts full-year profi t at ConAgra
Digital technologies offer opportunities for growth
Washington - F.D.A.’s global food safety strategy
Health and Wellness - Supporting the immune system
Ingredient Innovations - Enhance umami to hit label trends
2011 I.F.T. photo highlights
New Product Trends - Marketing sensible eating
New Food Products
Supplier Innovations and News - Sweetener combines stevia, luo han guo fruit
Supplier Innovations and News - Systems simplify labels for ice cream, cake
Supplier Innovations and News - Soy maintains healthy image in survey
Supplier Innovations and News - Chocolate pieces come in cost-saving micro-size
Supplier Innovations and News - Blend prevents spoilage in deli salads
Supplier Innovations and News - Stepan buys product lines from Lipid Nutrition
Supplier Innovations and News - Smoked sea salt enhances flavor
INGREDIENT MARKET TRENDS - Budget concerns evident at food aid conference
Ingredient Markets
Ad Index
Food Business in the News

Food Business News - July 5, 2011