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June 4, 2020
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SNAC International News and Events:
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SNAC, Printpack Saddened to Announce the Passing of Chairman Emeritus, Gay M. Love
Printpack is saddened to announce that Chairman Emeritus, Gay M. Love, passed away quietly and peacefully at her home on May 28, 2020, at the age of 90. Mrs. Love was the widow of the founder of Printpack, J. Erskine Love Jr. They married in 1954, two years before Printpack was founded in 1956. “Our mom’s passing marks a milestone in the history of our company, as she was a founding partner with our dad when Printpack started in 1956. Much of the initial investment in the company came from a small dowry from her father, so to say that Printpack is deeply indebted to Gay Love for our success over the last sixty-plus years is an understatement,” said current Chairman and CEO, Jimmy Love. Gay Love was highly engaged with her husband in developing relationships with some of Printpack’s earliest customers, helping establish Printpack’s reputation as one of the clear leaders in the flexible packaging industry. SNAC will pass on information about memorial service and donations as we receive it. Read more.
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Coming Soon: SNAC Cast – SNAC International’s Podcast
Stay tuned for the launch of SNAC Cast – SNAC International’s new podcast dedicated to all things snacks, from career conversations with leading industry professionals to insights on how the snack industry is adapting to meet consumers’ ever-changing demands. The first podcast series is devoted to WinS (Women in Snacks) – SNAC International’s initiative to champion leadership development and advancement for female professionals in the snack industry. We will visit with some of the industry’s top executives to learn about their journeys and the challenges they’ve overcome along the way, as well as get some great advice on how we can work together to make positive changes in the snacking industry. Stay tuned for the first episode with SNAC’s very own President & CEO, Elizabeth Avery.
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Virtual Course: Texas A&M Snack Foods Processing: Tortilla Chips and Extruded Snacks, June 22-26 - SNAC MEMBERS Eligible for an Additional 25% Discount
SNAC International and the Texas A&M Engineering Experiment Station (TEES), are bringing you the 24th Annual Snack Foods Processing Course via interactive Zoom! Industry experts will provide a comprehensive, technical overview of the entire process for manufacturing tortilla chips and extruded snacks, including best practices and the latest industry trends. The course cost is $995, and with the additional 25% discount SNAC members will save $780 versus the in-person workshop held in previous years. View the agenda and speaker information here.
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Regulatory and Legislative News:
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CORONAVIRUS UPDATES
SNAC, FBIA Reiterates Importance of Notifying Consumers of Ingredient Changes
As SNAC previously reported, FDA provided ingredient labeling flexibility for instances of temporary supply disruption on May 22, 2020. The guidance allows manufacturers to make minor formulation changes without making corresponding label changes, such as small changes to product ingredients. In response to concerns raised by the allergen community, SNAC reiterated the intent of the industry’s request for flexibility and the importance of alerting consumers to any changes in ingredients via company websites or at point-of-purchase. Please see the statement here prepared by the Food and Beverage Issue Alliance (FBIA) of which SNAC is a member.
FMCSA to Host Live Call Regarding Key Actions, Including Hours of Service Emergency Declaration - Tomorrow, June 5, Noon EDT
The Federal Motor Carrier Safety Administration (FMCSA) will host a live conference-call to hear thoughts and priorities regarding several of the Agency’s key actions, including the hours-of-service national emergency declaration which is set to expire on June 14th. The goal of this call is to receive feedback and to learn more about the challenges and conditions industries are seeing throughout the motor carrier industry. Input will help guide FMCSA’s decisions and actions regarding updates to the declarations and waivers the Agency has published. Visit here to read more information about FMCSA’s emergency actions. Register for the conference call here.
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FDA Provides Update on Forthcoming New Era of Smarter Food Safety Blueprint
The U.S. Food and Drug Administration (FDA) recently provided an update from FDA Commissioner Stephen Hahn M.D. and Deputy Commissioner for Food Policy and Response Frank Yiannas on the forthcoming New Era of Smarter Food Safety Blueprint (Blueprint), which will outline the agency’s strategy to create “a more digital, traceable, and safer food system” over the next decade. Learn more in a memo prepared by SNAC Legal Counsel, Hogan Lovells on the Member Resources page.
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SNAC Member News:
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Campbell Posts Strong Quarterly Results
Campbell Soup Co. posted sales of $2.24 billion for the fiscal third quarter, up 15% from the comparable period last year. Organic sales, which exclude the effect from the sale of the company's European chips business, rose 17%. As customers ate at home amid shelter-in-place measures, they also stockpiled on Pepperidge Farm cookies and Goldfish crackers.
Campbell’s CEO Reviews a Bowlful of COVID Learnings - read on Winsight Grocery Business.
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PepsiCo Appoints Wern-Yuen Tan As Chief Executive Officer Of Asia Pacific, Australia, New Zealand And China Business - read company news.
PepsiCo Stock Deserves More Credit for Salty Snacks, Says Analyst - read on Barron's.
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Avena Foods Webinar: Maximizing Quality Protein and Increasing Total Protein in Snacks and Bakery - June 10, 2PM Central
Want to maximise quality protein and increase total protein? Learn how to combine oat and pulse ingredients to help you achieve your goal. Register today to reserve your spot for quick access. If you are unable to attend on June 10, please register to receive on-demand access as the webinar will be recorded and archived on our website.
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Industry News and Trends:
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Acosta Research Finds Shoppers Have Mixed Views on When Life Will Return to ‘Normal’
“Three months into the pandemic, consumers are not surprisingly seeking the light at the end of the tunnel, but not all are optimistic about, or supportive of, a quick return to normalcy due to continuing health concerns,” said Darian Pickett, CEO of Acosta. “With shoppers settling into their new routines, ‘normal’ life will not look like pre-COVID-19 life, at least not entirely. Our research shows that bringing reusable bags to stores may become a thing of the past and using hand sanitizer and masks while shopping is likely to remain common practice even after the pandemic subsides.” Read more.
Snack Index: Snacking Remains Important, COVID-19 Changes Buying Habits - read on Vending Times.
Coronavirus Pandemic Could Haunt U.S. Economy Through 2029, CBO Says
The Congressional Budget Office said Monday that the U.S. economy could be $15.7 trillion smaller over the next decade than it otherwise would have been if Congress does not mitigate the economic damage from the coronavirus. Read on CBS.
Nuts and Seeds Are Finding New Applications in Food Processing
Nuts have long enjoyed a solid reputation among food processors because of their nutrition content, taste and texture. But this year the category got a remarkable boost from USDA: The agency’s Agricultural Research Service announced that new research found that whole nuts contribute less calories than previously thought. Read on Food Processing.
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Pandemic Inspires Meaningful Responses by Brands
Brands across the country will need to adapt their message to fit the times. It’s a unique challenge for all. Even something as mundane as shooting a TV commercial has become a test of ingenuity. But most importantly, as the messages shift, brands are seeking to stay true to their long-term strategy. It’s a stress test for most brands and will likely reveal the level of their resilience. Here are some brands that are getting it right...Subaru, Guinness, and Frito Lay. Read more.
Coca-Cola, Mondelez trim SKUs as CPGs Tackle Pandemic Stresses - read on Food Dive.
Social Media for Food Brands in the Time of COVID-19 - read on Food Industry Executive.
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Retailer News:
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Grocery Retailers Feel Impact as Nationwide Protests Escalate
Food retailers of all stripes and in all geographies — ranging from Target and Walmart to Cub Foods and Coborn’s to Stop & Shop and ShopRite — have been affected, whether by forced closings and/or damaged stores or looting, vandalism and curtailed hours. Read on Supermarket News.
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Meet Giant Foods’ New President
Ira Kress has worked for Ahold Delhaize USA's Giant Foods brand for 36 years, but he’s quick to tell you that longevity doesn’t necessarily indicate stability. Kress is taking the reins at what looks to be the dawn of another new era, if not for Giant then the industry as a whole: navigating a destabilized post-COVID world. And like other assignments in his career—that part-time cashier job turned into a management training program, 10 years in operations, 20 in human resources and labor relations, then a switch back to operations before assuming the interim president role a year ago—he’s taking it in stride. Read more.
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Food Lion Adds Digital Coupons to its Online Grocery Services
Customers using 'Food Lion To Go' for grocery pickup or delivery can now use digital coupons and redeem their “Shop & Earn” MVP rewards program savings. Customers can also see their accumulated Shop & Earn rewards on their checkout screen, in addition to viewing which clipped digital coupons will be applied to their order. These new services offer customers additional ways to save while ordering groceries with the click of a button. Company News
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H-E-B Scores Highest for COVID Precautions
H-E-B received an 80 percent customer satisfaction mark in terms of COVID-19 protections in Bond Brand Loyalty’s COVID-19 Consumer Tracker study, per Progressive Grocer. Read on Specialty Food.
Food Lion to Expand its Store Network with Acquisition of 62 Stores Across the Carolinas and Georgia - read company news.
Coronavirus is Boosting Sales for 'Center Store' Products. Will the Renewed Interest Last? Read on Food Dive.
COVID Aftershocks in Grocery CBD - Like Other Categories, CBD Sales Are Moving Online - read on Winsight Grocery Business.
Whole Foods, Kroger Lead $5 Billion Plant-Based Charge - read on Winsight.
Costco Will Bring Back Sampling - read on Specialty Food.
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SNAC International
1560 Wilson Blvd., Suite 550 | Arlington, VA 22209
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