General Mills announced 301 INC, the company’s new business development and venturing unit, will embark on a new strategy that will focus on building partnerships with emerging food brands to create innovations in the food industry.
The increase in vegetarianism and flexitarianism has made the meat alternatives market a competitive and lucrative space, according to market research publisher Packaged Facts, New York. In the report “Proteins - Classic, Alternative and Exotic Sources: Culinary Trend Tracking Series,” 28% of respondents indicated they are seeking vegetarian sources of protein, which span a healthy range of products from beans and legumes to "fake meat."
Tyco, Princeton, N.J., announced plans to expand its Global Center of Excellence Network to enable multi-national companies to streamline and standardize their fire and security systems around the world.
Following the success of its Global Center of Excellence (GCoE) in Birmingham, Ala., Tyco is opening and expanding facilities in key areas across the globe designed to emulate this model.
Global flexible packaging market size is expected to reach $293.03 billion by 2022, according to a new study by Grand View Research, Inc., San Francisco, Calif., due to the rising need for durable, lightweight and compact products among consumers.
Retail industry growth along with increasing acceptance of supermarket culture in emerging markets of Asia Pacific and strong export scenario is expected to have a positive impact on the flexible packaging industry growth over the forecast period.