Our most-read articles for April gives the food industry some things to keep an eye on, like opportunities for investments, Gen Z’s purchasing behaviors, CBD, and more.
#1 WeWork Launches Accelerator to Help Tackle the Food Industry’s Biggest Challenges
WeWork, the biggest name in the coworking space, is launching a food industry accelerator. The reason, says Roee Adler, global head of WeWork Labs, is because, “how we approach food and sustainability today will have an impact on us for generations to come, and as a global community, we are uniquely positioned to drive real change in this industry.”
#2 Teenagers’ Influence on Food Purchases
Teenagers are forming opinions on what they like to eat, and fast. According to a recent survey of 2,000 parents, teens’ eating habits and preferences drive 30% of the weekly grocery bill.
#3 It’s Only Waste If You Waste It: Turning Food Waste into Brand and Bottom Line Value
Food waste is a colossal issue in the United States. The solution lies in creating sustainable recycling practices, but getting there will require widespread behavioral change.
#4 FDA to Hold Public Hearing on CBD
CBD is gaining popularity in the food industry, but regulatory red tape is still preventing widespread adoption of the functional ingredient. This month, the FDA will hold its first public hearing on products containing cannabis and cannabis-derived compounds to help the agency resolve unanswered questions about CBD.
#5 Kraft Heinz Venture Capital Fund Announces First Investment
Kraft Heinz’s $100 million VC fund, Evolv Ventures, announced its first investment: GrubMarket. The self-described “disruptive” startup aims to make farm-fresh ingredients available to consumers and businesses at the push of a button.
