Released this week, the EY State of Consumer Products report surveyed CEOs of 190 global CPG companies and interviewed 24 industry executives. Of those surveyed, 65% acknowledged that their business ...

Mars is using part of a $1 billion investment in its pet nutrition business to invest in a new artificial intelligence tool that will help pet parents monitor their furry friends’ health. The company ...

Nearly 5,000 U.S. consumers and 5,000 Canadian consumers were queried from March 25-31, with the sample including English, Spanish and French speakers. The report found that half of Americans and 87% ...

Like multiple retailers, Walmart has been testing a variety of solutions to combat theft and improve employee safety in its stores. This includes locking up certain products on store shelves, which ...

2. R&D Top-performing CPGs are raising R&D investment — up to 3% of sales — to drive faster, smarter innovation aligned to shopper missions and channel realities. To boost precision and reduce risk, ...

It’s now open to Mars’ Responsible AI community of around 3,000 employees, and they are on the cusp of bringing agent solutions to the platform and associates as well, he said. They’re also providing ...

In the U.S., sales of functional beverages increased 54% to $9.2 billion between March 2020 and March 2024, according to NielsenIQ. They now make up about 10% of the total U.S. non-alcoholic beverage ...

International AI Efforts The company is working on digitizing its operations on a global scale, with research and development seeing significant transformation. In Shanghai, for example, Licht said ...

For Hispanic consumers, the value is in family rituals, or “Familismo." Data shows that the average household spends $2.5 million on food and beverages at home over a lifetime — 25% more than ...

Healthy Snacking Ahead Hershey’s CEO Michele Buck said in an earnings call this week that she’s seen a continuation toward health and wellness, as well as growth in the company's zero sugar line of ...

The full-day event, now in its 16th year, featured a variety of content and networking sessions, including a panel with Jon Harding, Conair Global CIO; Glenn Allison, vice president, Tractor Supply ...

Beverage consumption trends are shifting, with non-alcoholic alternatives to spirits and beer gaining interest among consumers but social pressures continuing to inhibit growth in the category, ...