Page 58 - Food & Drink Magazine Nov-Dec 2018

YEAR IN REVIEW
Other global companies to launch local accelerator programs include beverage giant Lion and the Chobani Food Incubator (CFI).
Recipients receive hands-on support from startup, technology and business experts to validate their ideas, build their technical product and launch it into market, in 12 weeks.
In addition to support, entrepreneurs are given $38,000 pre-seed funding and up to $500,000 in follow-on funding, with the potential opportunity to both pilot and scale their business with Coca-Cola Amatil.
✷ MAY
NESTLÉ SELLS STARBUCKS COFFEE Nestlé paid Starbucks $US7.15 billion ($9.5 billion) for the rights to sell its coffee beans directly to consumers through supermarkets and food shops around the world.
Nestlé, which owns Nescafe and Nespresso, said the sale would boost its market position
in North America while giving it opportunities
to sell premium coffee to consumers
overseas.
The Starbucks
business covered by the deal currently
generates around $US2 billion in annual sales and
includes coffee beans and ground coffee that
Nestlé will be selling outside of Starbucks'
coffee shops.
For Starbucks, the deal will increase its global presence as the company's coffee beans and grounded blends are sold through Nestlé's channels in food retail, such as supermarkets and
corner shops.
SEAL TO PROMOTE 'REAL' CRAFT BEER
Inamoveto
wrestle the term
'craft beer' back
from the big
players, the
Independent
Brewers
Association
(IBA) launched
a new seal to
promote awareness
of locally owned and produced beer.
The IBA deems only small and independent brewers as being able to make craft beer. However, with the explosion of craft beer, bigger brewing companies have jumped on the bandwagon, marketing various beer products as craft beer when in fact they have been mass-produced.
The new independence seal is to be displayed on beer packaging, tap points and marketing material and the IBA hopes it will help consumers identify what beers are Australian owned and produced, shifting consumer demand away from industrialised beer and towards independently owned products.
At present, 50 per cent of the country's craft brewers are a part of the IBA.
SUNPORK PLANS BACON FACTORY EXPANSION Queensland's largest pork processor SunPork Group embarked on a major upgrade of its Swickers Kingaroy Bacon Factory after fire destroyed a significant part of the facility.
In addition to boosting its processing capacity, the
$60 million greenfield expansion will enable growth in Queensland's pig industry, according to the company. The new plant will be capable of processing at three times the speed and overall volume of the current plant.
Design build and consulting business Wiley partnered on the project to deliver a complete slaughter floor, freezer, chillers, amenities and offal rooms
on the western side of the Swickers’ site.
Swickers currently processes over 90 per
cent of the pigs processed in Queensland, is the only
export-accredited pig abattoir in Queensland, and is
the largest employer in the South Burnett region. The new plant was expected
to be take 12 months to complete.
DELIVEROO GIVES EMPLOYEE SHARES
Food delivery company Deliveroo announced it would give its employees equity in the company. The move, which is worth over $18 million for most of the 2000 staff employed globally, means all permanent staff will be given share options in the company – except for delivery staff, who are independent contractors.
Deliveroo operates across 12 markets, and specifically, 80 staff from the Australian headquarters in Melbourne, Sydney, Brisbane and Perth offices will benefit from the shift in remuneration.
Following its last fundraising round, the company raised $1.2 billion and is valued at over $2.6 billion dollars.
Earlier in the year, the company announced that by the end of 2018 it will have created nearly 600 new tech jobs in just two years.
LIVE SHEEP EXPORT UNDER FIRE
Labor agreed to support a Private Members Bill which moves to phase out
live sheep trade over five years. Sussan
Ley’s Live Sheep Long Haul Export Prohibition Bill 2018 sought to ban live sheep exports to the
Middle East during the northern hemisphere summer months from 2019 and phase out live-export trade of sheep to the Middle East entirely by 2023.
The move followed the release of footage by Animals Australia of sheep suffering in extreme heat aboard a ship from Perth to Doha.
Following the release, Agriculture Minister David Littleproud called for a review of the standards for live sheep export. The operator of the ship, Awassi Express, had its export licence suspended.
A crossbench bill to ban live sheep exports passed the Senate but to date a push by Labor in the House of Representatives to debate and vote on the bill has been unsuccessful.
KERRY HELPS BOOST PRODUCT DEVELOPMENT Kerry opened an Asian Meat Centre of Excellence to help boost its customers’ value- added poultry, meat and seafood product creations. The centre is located at its recently expanded Regional Development and Application Centre in Bangpoo, Thailand, and is said to be the first Centre of Excellence for Meat in the Asia Pacific, Middle East and Africa (APMEA) region.
Kerry said the new centre, which opened in March, leverages its global knowledge of the meat industry, and offers customer a portfolio of technologies. The
opening is part of a larger series of upgrades to the Bangpoo facility, all of which are designed to increase Kerry’s local innovation pipeline as well as its research and application capabilities.
The expanded facility is equipped
with the latest technologies for product development, from ideation to application and
manufacturing, for a range of categories
including meat, snacks, bakery, dairy and
beverages.
ON THE COVER
SPC
MAY 2018
SPC TURNS CORNER AND A2 MILK MARKET NEW MULTI-TEMPERATURE MARKS 100 YEARS P07 GATHERS MOMENTUM P20 FACILITY FOR PFD P28
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