Food Business News - March 10, 2015 - (Page 1)

FOODBUSINESS NEWS March 10, 2015 NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Inside Target's food reinvention MINNEAPOLIS - Target Corp. wants to get out of the grocery business and into the food business. During the retailer's corporate analyst meeting on March 3, executives discussed an overhauled approach to the company's nearly $20 billion segment. "At the highest level, we have made a strategic shift and have begun talking about and thinking about food versus grocery, because groceries are transactional, and food is emotional," said Kathee Tesija, executive vice-president and chief merchandising and supply chain officer. "We've spent the past six months Continued on Page 22 Stor Story Story on Page 35 ory Page g Fortifying beverages to fill nutritional gaps ydrate and quench thirst - these traditional beverage traits are no longer the primary selling points in the beverage aisle. Consumers want more and through the innovative use of fortifying ingredients in today's beverages, nutrition may be added to the beverage category's list of top traits. Food and beverage fortification dates back to the early 1930s when dairy processors started adding vitamin D to fluid milk to prevent rickets, a bone-debilitating disease that was prevalent at the time and linked to a deficiency in the Continued on Page 48 H U.S. exports to China a cautious 'dream' urging exports of U.S. products to China are a realized "dream come true" for U.S. agriculture and food processors, but the dream comes with a word of caution along the lines of S "too much of a good thing" may not last. China is the top market for U.S. agricultural exports, claiming 18% of the total and surpassing shipments to Canada, Mexico, Japan and the European Union in the top five. From a supplier standpoint, the United States also leads the world in shipments to China, with Brazil second, followed distantly by Australia, Canada, New Zealand and Argentina. As the top supplier of agricultural products to China, the United States accounted for 24% of China's agricultural imports in 2012-13 and ranked No. 1 in soybeans and other oilseeds (36% of China's imports for the category), cotton (30%), meat (25%), cereal grains (42%), cattle Continued on Page 30 ®

Table of Contents for the Digital Edition of Food Business News - March 10, 2015

Food Business News - March 10, 2015