Sysco Confirms Cyber-Attack Impacting 126,000 Individuals
MAY 22, 2023
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Meat, Dairy & Seafood Company News
Lactalis
Lactalis Group Canada has appointed Andrew Davis as the vice – president of marketing for its Foodservice and Ingredients & Export Division. Davis will be responsible for leading the marketing strategy and team to drive awareness, penetration and brand equity for his division. Davis has over 20 years of CPG experience from Campbell’s and General Mills Canada General. He replaces Steve Hutchinson who will retire on July 31, 2023. Iven Zanardo, general manager of the division at Lactalis Canada, is confident that with Davis’s experience and leadership, they will continue to expand and strengthen their footprint within the foodservice and B2B industry.
LandO’Lakes
Land O'Lakes, Inc. President and CEO Beth Ford stressed the need for a comprehensive, long – term water sustainability strategy during a lecture at Nebraska Innovati on Campus. She stated that fresh water demand will outstrip supply by 2030 by 56% globally and that water is critical to production agriculture, communities and life. To meet the challenge of feeding 10 billion people by 2050, more agricultural research funding is needed. Land O’Lakes has extensive involvement throughout the entire production agriculture value chain and its Truterra business brings insights into how farmers can make their land more resilient against climate change through practice change. USDA recently awarded the company a $90 million grant to help farmers transition to more sustainable practices.
Leroy Seafood’s CEO Henning Beltestad believes that data sharing and collaboration within the sector is vital for the growth of the salmon farming industry. During a panel discussion about data sharing, Beltestad stated that the industry is currently unable to achieve growth in the production of salmon and trout and that it would be much better to get a larger aggregate data set that can be worked with together. The panel discussed how data sharing is imperative for the aquaculture industry to solve challenges such as fish health and growth in production. A new report from the NCE Seafood Innovation Cluster shows that while a lot of data gets passed from subcontractors further up the system, the usage or findings from that data is rarely shared.
Louis Dreyfus Company B.V. ( LDC )
The European Bank for Reconstruction and Development (EBRD) has approved a USD 100 million revolving loan to finance part of the working capital needs of the subsidiaries of Louis Dreyfus Company B.V. (LDC) active in Bulgaria, Egypt, Kazakhstan, Poland, Romania, Tajikistan, Türkiye and Ukraine for the merchandising activities of agricultural commodities from and/or in these countries. The project will provide stable working capital financing for merchandising of agricultural commodities where local funding of agricultural activity is constrained. As part of this project, LDC will undertake to steadily increase the volume and share of cotton it purchases in Türkiye that is certified under the Better Cotton Initiative (BCI) and the associated number of cotton ginners and farmers from which LDC will purchase BCI – certified cotton in Türkiye. Such measures will also translate into markedly supporting Turkish cotton production and supply to become more sustainable and resource – efficient.
Maple Leaf
Maple Leaf Foods Inc Foods, a Canadian poultry and packaged meats company, released its first 2022 financial and sustainability integrated report since Curtis Frank took over as president and CEO last month. The report highlights the company’s 2022 accomplishments like production expansion projects and its sustainability and animal welfare progress. Maple Leaf reported over CAD 4.7 billion in total sales versus the over CAD 4.5 billion made in 2021, partially thanks to expanded distribution to over 18,000 U.S. stores as well as the company’s completed and ongoing production expansion projects.
Mother Dairy
Mother Dairy Fruit & Vegetable Pvt. Ltd. has reduced the maximum retail prices (MRP) of its edible oils, sold under the Dhara brand, by Rs 15 – 20 per litre with immediate effect in line with the reduction in global prices. The stock with revised MRP is expected to hit the market next week. The reduction comes following the food ministry’s direction to edible oil industry body SEA regarding the need for downward revision of the MRP of cooking oils. The MRP of Dhara edible oils are being reduced across variants such as soybean oil, rice bran oil, sunflower oil and groundnut oil.
Mowi
Mowi ’s CEO Ivan Vindheim has pledged that his firm would “fight until cramp gets us, and then fight a little more” in his determination to secure a viable future for Norway’s salmon sector. This comes in response to the Norwegian government’s planned aquaculture tax, which Mowi remains opposed to even after some revisions were made to the proposals.
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Moy Park
Moy Park is investing almost GBP1million (US$1.25) in a new laboratory at its site in Anwick, Lincolnshire. The laboratory will be used to enhance the testing of environmental samples from the company’s agricultural estate and food products from its various processing sites. The new facility will replace the existing lab and has an innovative air handling system designed to protect air quality for personnel and the environment. It will house the latest cutting – edge technologies to keep the company at the forefront of innovation. Ursula Lavery, Technical and R&D Director Europe at Moy Park, says the investment will build upon the company’s current in – house testing procedures and support its research and development projects.
Perdue
Perdue Farms is set to release limited – edition Beer Can Chicken Beer on May 22. The beer is a honey double – citrus summer ale brewed with classic grilled chicken seasonings like rosemary, thyme, and pink peppercorn . Created in partnership with Torch & Crown Brewing Company, Perdue’s custom beer is tangy, juicy, and has just a hint of sweetness. The beer was brewed with the popular method of grilling poultry, beer can chicken, in mind. Julie Lehman, Perdue vice president of marketing, said that the company worked with Torch & Crown Brewing Company to settle the debate on what type of beer is best for beer can chicken and make a beer that is expertly crafted to help backyard cooking enthusiasts prepare the ultimate bee r can chicken. The recipe encourages consumers 21 – plus to set some of the beer aside to drink and enjoy with their meal. Six packs of Beer Can Chicken Beer will be available for purchase at Beercanchicken.beer starting May 22 at 9 a.m. ET for $14.99 plus shipping and handling.
Purina
Pet food, treats and other products accounted for 39% of Nestlé ’s overall online sales across all industries around the world in 2022, according to Euromonitor International. Within the pet segment, Purina Mills, LLC made up 90% of Nestlé’s online pet care sales. Purina PetCare sales increased each quarter in 2022. The end of the pandemic seems likely to reduce e – commerce expansion overall. While Euromonitor recorded a 29% growth spurt for online retail across all industries in 2020, the market research firm forecasts 2023 will see 6% e – commerce growth globally. Nevertheless, Euromonitor analysts forecast that e – commerce will drive 47% of retail industry growth by 2027.
Retail & Food Services
McDonalds
Two of Europe’s largest asset managers, Legal & General Investment Management and Amundi, are backing a resolution at McDonald's ’s annual meeting calling on the fast – food chain to comply with World Health Organization guidelines on the use of medically important antimicrobials in food – producing animals. The resolution has been tabled by Shareholder Commons, a non – profit advocacy organization, and highlights the risk antimicrobial resistance poses to shareholder returns and the wider economy. McDonald’s has urged shareholders to reject the resolution, saying it has a “strong record of responsible antibiotic use” across its supply chain. However, Maria Ortino, global ESG manager at LGIM, said McDonald’s had failed to fulfill a previous commitment to publish antibiotic reduction targets covering all the beef sold in its restaurants by 2020.
Pizza Hut
Pizza Hut is bringing their newest menu item, Melts, to Hong Kong following successful launches in the United States, Australia, Japan, and Thailand. Melts fold over to form a pocket and sandwich fillings between each side, making them mess – free. Melts currently have three different fillings: pepperoni, chicken and bacon, as well as luncheon meat and egg, which is exclusively available in Hong Kong. All three handheld pizzas come with sides of marinara sauce and creamy ranch dressing for dipping. Melts are now available at Pizza Hut locations across Hong Kong and for delivery.
Schreiber Foods
Schreiber Foods has recently received a tax incentive to grow their operations in Cache Valley. They have plans to invest $68 million in Utah and increase their workforce by 52 high – paying jobs, adding over $14 million in wages to the Cache Valley economy. The Utah Governor’s Office of Economic Opportunity awarded the dairy manufacturer an Economic Development Tax Increment Financing (EDTIF) tax credit. Schreiber Foods will receive back 25% of their additional state taxes. The tax credit is a post – performance tax reduction for the company’s expansion in Utah. The state will evaluate Schreiber’s growth, investment and employee wages every year for eight years. If the company meets the EDTIF standards, they will receive 25% of their taxes back to them from the state.
Sysco Foods
Sysco , a major food distributor, has confirmed a cyberattack that has impacted approximately 126,000 individuals. The breach, discovered in May 2023, exposed personal information such as names, addresses, social security numbers, and driver’s license numbers. Sysco promptly launched an investigation, involving law enforcement agencies and third-party cybersecurity experts, to assess the extent of the incident and implement necessary security measures. The company is providing affected individuals with free credit monitoring and identity theft protection services. Sysco’s incident response includes enhancing security protocols, implementing additional safeguards, and conducting employee training to prevent similar attacks in the future.
Feed, Nutrition & Ingredients
Kerry Group
Integrity a global leader in taste and nutrition, has released its 2023 Flavor Insights report. The report reveals that foodservice consumers are seeking new combinations of traditional tastes and provides a full analysis of taste trends for menu items. According to the report, indulgence will take on a new meaning with younger consumers seeking unconventional ‘mashups’ of food and drinks they grew up with in combination with emerging new flavors from other regions. The report is a valuable guide for chefs, operators and other decision – makers tasked with setting menu items and creating limited – time offers.
Logistics Company News
Lineage
Lineage has named Rob Crisci as its new chief financial officer. Crisci brings more than 25 years of financial leadership experience in the industrial and technology sectors. He joins Lineage from Roper Technologies where he served as the company’s executive vice president and chief financial officer. In that role, he oversaw the business’s global financial operation and played a central role in its transformation from a cyclical industrial company to one focused primarily on software. Pri or to Roper, Rob worked in investment banking at VRA Partners and Morgan Keegan, as a buy – side advisor at Devon Value Advisers and as a Capital Markets Consultant at Deloitte & Touche.
Maersk
A.P. Moller - Maersk (Maersk) has revealed a new ocean shipping service called ‘Al Maha’ that will commence its rotation in June 2023. The service will rotate between ports across the UAE, Saudi Arabia, Oman, Qatar, Egypt, and Morocco. As a result of this implementation, Maersk will discontinue the ME3 and ME4 services and serve all customers on those trade routes with the Al Maha service. The Al Maha service aims to benefit exporters and importers in the region across different commodities and will offer further connections to European, Middle Eastern and Far Eastern markets for the petrochemical exporters out of Saudi Arabia.
Ocean Network Express
Ocean Network Express (ONE) has announced the opening of its first wholly owned Irish office, Ocean Network Express (Europe) Ltd, Ireland Branch, on 1 June 2023. United Liner Agency Ltd (Dublin), the present appointed agent for ONE, will transfer all Sales, Operations, and Customer Service activities to ONE Ireland Branch on 1 June 2023. The majority of ULA employees will transfer to the new ONE Ireland Branch. This announcement comes a month after ONE announced it is planning to install two wind assist units on one of its container feeders ships before the end of 2023.