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Startup companies will continue to shake up the food and beverage industry in 2019, with the powerful pull of local sourcing helping them to successfully compete against the major players, according to Innova Market Insights.

Two in five US and UK consumers say they prefer small brands because smaller companies are more dedicated to their products and have a personal story, according to Innova.

New food and beverage launches tracked with a social ethical claim rose more than 20 per cent globally in 2017, the market researcher says.

Big companies, meanwhile, are going small in their strategy, with the power of local inspiring the food giants to initiate startup investment strategies to help them tap into the thought leadership of the entrepreneurial crowd.

Several multinationals including Kraft Heinz, General Mills, Nestle, Danone, Unilever and Kellogg have launched incubators and accelerators with this in mind.

Packaging News

To mark World Environment Day, retail giant Woolworths Group has released research results showing that amidst CoVID-19 consumers are still making sustainable choices a priority, and outlines steps it is taking to pave the way to a greener future.

Amcor Flexibles shut down its factory in Port Melbourne this week after a worker tested positive for the novel coronavirus. The facility reopened on Wednesday.

The May/June edition of PKN Packaging News is out now. Whether you read it online or in print, it's packed with the latest news and insight for the packaging industry.