food News Updates

GovernmentBusinessPrivateTop 100

Walmart CEO: Food Prices Are Causing ‘Frustration and Pain’

The CEO of Walmart Inc. said American consumers are showing signs of stress as food prices remain stubbornly high.

February 28, 2025
BusinessSafetyPrivateTop 100

Sysco Profit Dips as Avian Flu-Induced Inflation Bites

Cost growth outpaced sales wins due to inflation, particularly across the dairy and poultry sectors, and the carrier added that further price increases were on the way.

February 3, 2025
GovernmentBusinessSafetyLogisticsPrivateGlobal Freight

Red Sea Attacks Disrupt Food Trade, Risk Higher Grocery Costs

Chaos in the Red Sea is starting to disrupt shipments of produce from coffee to fruit — and threatening to halt a slowdown in food inflation that brought some relief to strained consumers.

January 19, 2024
BusinessTechnologyLogistics

DoorDash’s 86% Jump Adds to Blistering Year for Unicorn IPOs

Shares of unprofitable food delivery platform DoorDash Inc. surged 86% in their trading debut Dec. 9, in the latest sign of investor exuberance in what already has been a record year for IPOs.

December 9, 2020
BusinessTechnologyLogistics

Delivery Startup DoorDash to Seek Up to $2.8 Billion in IPO

DoorDash Inc., the biggest U.S. food delivery company, is seeking to raise as much as $2.8 billion in an initial public offering that’s part of an end-of-year U.S. listings rush.

November 30, 2020
GovernmentBusinessSafetyLogistics

Smithfield Goes On Defensive Over COVID-19 Response

Smithfield Foods Inc. is defending its efforts to keep employees safe and supply food to the nation during the coronavirus pandemic.

August 3, 2020
BusinessSafetyTop 100

JBS to Shut Down Minnesota Pork Plant After COVID-19 Outbreak

JBS SA, the world’s top meat company, will shutter its pork processing facility in Minnesota following an outbreak of the coronavirus, adding to concerns that slaughterhouse logjams will tighten meat supplies for consumers.

April 20, 2020
GovernmentBusinessLogisticsTCA

Kroger CEO: ‘There’s Plenty of Food in the Supply Chain’

Kroger CEO Rodney McMullen urges the public to remember that the grocery business deals in perishable goods and is set up to constantly ship and refill store shelves.

March 18, 2020
Business

Apollo Offers $1.1 Billion to Buy Back Smart & Final Stores

Apollo Global Management is getting back into the grocery business in a big way.

April 22, 2019
BusinessTechnology

FoodMaven Secures $10 Million Funding Round

FoodMaven, which provides an online marketplace for oversupplied, out-of-spec and local food, has closed a $10 million round of funding, the Colorado Springs, Colo., startup said.

January 29, 2019