This week in Retail & Consumer Goods: Focus on last-mile connectivity as companies sign new partnerships amid growing e-commerce demand
Latest Industry Insights from Draup Braindesk
Action B.V. bets big on rapid cross-geographical expansion powered by retail tech to transform its current business model.
Action B.V. is focusing on opening new stores rapidly with enhanced ordering systems, processes, and management structures.
Action B.V. opened new stores in Germany, France, Poland, and the Czech Republic.
Grupo Bimbo, S.A.B. de C.V. pivots focus to renewable energy
Grupo Bimbo has planned to operate its five plants with renewable sources with electric energy generated by its three wind farms.
It has invested MX$ 2.8 Bn for wind-powered electric vehicles with rechargeable batteries to be integrated into various distribution routes in the country.
Latest Reports Published in Draup
Keurig Dr Pepper Account Intelligence Report : Keurig Dr Pepper is strengthening its partnerships to increase and improve the recovery and recycling of polypropylene plastic in the U.S to solidify polypropylene’s status as a standard curbside recycling material. Read More>>
L’Oréal Account Intelligence Report : L’Oréal is innovating the beauty user experience by utilizing Artificial Intelligence, Machine Learning, Computer Vision, and Augmented Reality to quickly and accurately assist customers on the channels of their choice Read More>>
Key Funding Alert
Hungry Planet secure USD 25 Mn in the latest funding round
The round was led by Post Holdings and included Singaporean investment group TRIREC and other unnamed “plant-forward” investors. Founded in 2016, Hungry Planet has sold more than 4 million servings of its plant-based meats worldwide. Read More>>
Startup Spotlight
Company – Territory Foods HQ Location – Washington, USA Total Funding – USD 41.7 Mn About: Territory Foods is a chef-prepared meal delivery service that creates nutritionist-approved menus tailored to support various dietary preferences and regional market tastes. Its meals are powered by a proprietary algorithm that informs personalized menu variety at scale.
Read More>>
Key Insights and Signals in Draup
Partnerships CreditEnable forms a partnership with India’s Flipkart CreditEnable, a global credit insights and technology solutions company, announced a strategic partnership with Flipkart to increase access to affordable finance for Flipkart’s sellers on its marketplace platform in the country. Read More>> HelloFresh announces new sustainable packaging solutions
The new partnership with Pratt Industries introduces circular packaging solutions using cardboard made of 100% recycled materials. The implementation of Box Fit algorithm significantly reduced the unnecessary use of secondary cardboard packaging and increased the use of HelloFresh’s smallest box to 60 percent. Read More>> Flipkart & Adani Group engage in strategic collaboration
The company’s strategic collaboration is expected to support its corporate growth objectives. The fulfillment center, which will be leased to Flipkart, will serve as the major distribution center to meet the demands arising from the western region of India and international exports. Read More>>
PepsiCo Foods Canada signs distribution agreement with Maple Leaf Foods Inc. As of October 3, 2021, PepsiCo Foods Canada will sell, distribute and merchandise Schneiders® Pepperettes® snack-size premium meat sticks in grocery, convenience and gas, and foodservice outlets across Canada. Read More>>Mergers and Acquisitions Granarolo acquires cheese company Mulino Formaggi Granarolo increased its shareholding from 40% to 100% by purchasing a majority stake in the Parma-based company from Mulino Alimentare. Mulino Formaggi was set up in Parma in 2018 following the merger of two local companies, Mulino Alimentare and Gennari Italia. Read More>>Centre Setup and Expansion Amazon will open a 165,000-square-foot distribution center in Pewaukee The fulfillment operation will receive line haul trailers from the supply chain network and store the product within the fulfillment centers. Read More>> Chobani to expand production in Australia The company announced the construction of a manufacturing facility adjacent to an existing site in Victoria, Australia, as the business moves to consolidate production plants. Read More>> Five Below planning USD 105 Mn-plus distribution facility in Shelby County The facility would be built on a 100-acre site in Pleasant View at the northeast corner of McGregor and Carroll Roads. According to public documents, the distribution facility would be at least 850,000 square feet in its first phase. Read More>>Deals and Deal Renewal Ingram Micro expands Advanced Solutions portfolio, signs distribution agreement with A10 Networks Solutions such as the Thunder Convergent Firewall, TLS/SSL visibility, DDoS detection & mitigation, and application delivery complement the existing cybersecurity portfolio and will help partners and customers mitigate the growing threat of sophisticated cybersecurity attacks. Read More>> Woolworths to use computer vision to aid the setup of in-store displays Woolworths has selected cloud-based visual merchandising platform One Door to help its in-store teams execute product placement and marketing initiatives. Read More>>Executive Movement V.F. Corporation appoints Matt Puckett as Chief Financial Officer The Company has appointed Matt Puckett to the position of Executive Vice President and Chief Financial Officer. He will report to V.F.’s C.E.O., Steve Rendle, and serve on the company’s Executive Leadership Team. Read More>> Bradley Gayton Appointed Strategic Consultant to Coca-Cola Chairman and C.E.O. In this new capacity, he will focus on working with Chairman and C.E.O. James Quincey to drive certain key objectives. Read More>> Hammerson has appointed a new finance boss just months after replacing its chief executive as its struggles with rent collection continue The property group said yesterday that Himanshu Raja, the former chief financial officer of Countrywide, will succeed James Lenton, who resigned unexpectedly in January after barely a year as finance chief. Read More>> Hershey India has appointed Rajeshwari Jayaraman as General Manager – Marketing She joins the company from Nivea, where she was serving as Senior Product Manager for around two years. She has more than ten years of experience in the FMCG Industry across personal care and Food categories. Read More>>
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