Treasury Wine Estates announced the resignation of CEO, Tim Ford, with news the CEO of Lion, Tim Fischer, will replace him from 27 October. Ford has been at TWE for 14 years, five as CEO and managing director. Fischer will receive a $4 million sign-on fee as compensation for forgoing incentives with Lion. Read more
The global plant-based food market is predicted to triple in size over the next 10 years, but the highly manufactured nature of meat and dairy alternatives is raising concerns, with some products masquerading as real food and not providing the nutrition our bodies require.
Austrade says a recent exclusive, invitation-only event in Kuala Lumpur, Malaysia, was its first promotion of Australia’s premium no-alcohol beverages in the country.
CSIRO has appointed Professor Doug Hilton as its new chief executive. Hilton follows Dr Larry Marshall, who completes his third and final term this month after eight years in the job.
The global food industry is moving its innovation strategy to one with less fireworks, more sparklers as it looks to manage tougher economic conditions, Rabobank’s latest report says. The “Disruptive food products prove to be more hype than bite” report said the market disruptors of recent years – plant-based meats, insect protein bars, synthetic fat replacers, precision fermented milk proteins – that promised to revolutionise what we eat have turned out to be “more hype than bite”.
Tempus Two and McGuigan parent, Australian Vintage, has cancelled its final dividend, announced cost-cutting measures, and a $9 million write down after what it described as one of the toughest vintages in many years.
The Shire of Murray’s Food Innovation Precinct Western Australia (FIPWA) was awarded an honourable mention in the Productivity Through Infrastructure category at the 2023 National Awards for Local Government.
The House Standing Committee on Agriculture’s inquiry into food security in Australia is underway. The inquiry was referred by Senator Murray Watt in October 2022, and has since attracted 174 submissions.
More than 40 brands, including major retailers, met with Alibaba Group’s new proprietary retail chain for groceries and fresh goods, Freshippo, during its recent networking and sourcing trip to Australia.
With the mantra good food, good life, Maggie Beer Holdings CEO Kinda Grange marked her first 100 days in the role with a plan to quadruple sales in five years, to become a $300 million company.
Following significant organic growth in Australia, US secondary packaging manufacturer PaKTech is establishing a contract manufacturing facility in Victoria and proprietary partnership with Visy.
Diageo managing director Australia Angus McPherson will leave the global drinks business at the end of September 2023, to pursue an opportunity outside the company. McPherson joined the business in 2020.
Chobani, just shy of a year in the New Zealand market, says demand has exceeded expectations. Products are now stocked in 180 Countdown stores, with 45 stores featuring a full bay of Chobani yogurt.
Treasury Wine Estates is selling more than 1000 hectares of vineyards in South Australia, less than a month after it announced a business review to cut costs.
In an Australian-first, packaging will soon be subject to strict new government rules aimed at cutting waste and boosting recycling, following a historic agreement struck at a national meeting of environment ministers.
A range of crises and macro-economic developments are threatening global food security, compounded by longer-term pressures already impacting food production, in particular inefficient food value chains and sometimes-fragile food logistics systems. Morris Guest from Lineage Logistics looks at how optimising food storage can help reduce the risks.
Asahi Beverages Group CEO Robert Iervasi has resigned after 16 years with the business, saying it was time for a career break and to be with his family.