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The Latest in Foodservice Industry News

Check out this week’s round-up for the best industry updates, cool videos, and pretty much everything else you need to know this week!

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Elon Musk’s Tesla files for a trademark of ‘Teslaquila’

Tesla CEO Elon Musk teased a Tesla-branded tequila earlier this year as part ruse on Instagram. Now the company has officially filed an application with the U.S. Patent and Trademark Office to trademark “Teslaquila.”

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Foodservice Industry

FrieslandCampina to invest €23m in Nigerian milk factory

Royal FrieslandCampina has announced plans to invest €23 million (US$26.7m) in an evaporated and ready-to-drink milk factory in Nigeria, as part of its Dairy Development Programme (DDP) in the country.

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Lavazza and Illy Worried as Starbucks enters Italy

Two of the best-known names in Italian coffee are bolstering their businesses, hoping to secure their independence as global coffee giants Starbucks and Nestlé , make incursions into their turf.

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Foodservice Industry News

Walmart Asks Leafy Greens Suppliers to Adopt Blockchain Technology

Walmart and Sam’s Club formally requested their fresh, leafy greens suppliers to begin tracing their produce all the way back to its farm origin with the help of blockchain technology. The program will be known as the Walmart Food Traceability Initiative.

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PepsiCo earnings beat expectations, boosted by North American beverage unit

PepsiCo reported third-quarter earnings that exceeded Wall Street expectations thanks to a revival of the North American beverage segment of their portfolio, which posted organic growth of 2.5%, according to a company release. Last quarter, the business division’s organic growth was down 1.5%.

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Kraft Heinz News

Kraft Heinz initiates $100 million venture capital fund

The Kraft Heinz Co. has launched a Chicago-based $100 million venture capital fund, Evolv Ventures. The fund will be investing in emerging tech startups that are working on supply chains, logistics, e-commerce and direct-to-consumer projects to transform the food industry.

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