WORLD NEWS
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Impossible Foods cuts grocery prices 20% in a new war against animal-derived foods
US – American alternative proteins company Impossible Foods is cutting prices by 20% for 17,000 US groceries at a time when its sales are at…
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Indian online grocer BigBasket registers losses in 2020 despite of 36% growth in revenue growth
INDIA – BigBasket, a leading Indian online grocer, has reported a 26% rise in losses for the 2020 financial year even as it managed to…
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Asia-focused delivery platform Foodpanda committed to Myanmar expansion despite of uncertainties
THAILAND – Asia-focused delivery platform Foodpanda has reiterated its plans to expand its grocery offerings in Myanmar, despite the uncertainty occasioned by a military coup.…
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Consumer shift towards smaller brands deny big food companies sales worth US$12B in 2020 – IRI
GLOBAL – Small consumer brands are the new thorn in the flesh of big food companies, causing them to lose US$12.1 billion in sales in…
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Delhi’s new excise policy recommendation may result in restrictive trade practices – Liquor manufacturers
INDIA – Leading liquor manufacturers in the Indian state of New Delhi have raised objections to the state government’s new excise policy recommendations and warned…