Top Grocery Retailer and Food Supply Chain News Dec 1-15
December 15, 2023
Here is our bi-weekly roundup of the latest food industry news. In the weeks of Dec 1-15, USDA, FDA, and EPA presented a new proposal to reduce food waste, 12 retail trends to watch out for in 2024 were identified, and experts predicted that indoor farming and the meat industry will continue to grow in the next year.
FDA Proposes New Food Waste Reduction Strategy
A new proposal draft to reduce food waste was published by the USDA, FDA, and EPA. The joint proposal focuses on four objectives and possible actions to reduce food loss and waste by 50% by the year 2030.
Global Indoor-Farming Will Continue to Grow
Emergen Research predicted that the global indoor-farming market size will grow by nearly 10% annually over the next decade. The demand for fresh food is the main driver for this growth.
12 Retail Trends for 2024
Progressive Grocer published a list of 12 trends grocery retailers should focus on in 2024. Loyalty, sustainability, and AI are some of the trends listed.
Ahold Delhaize’s New Chief Sustainability Officer
Alex Holt was named Ahold Delhaize’s new Chief Sustainability Officer and is poised to take over the role next year. Holt is currently serving as Woolworths Group’s Chief Sustainability Officer.
Meat Industry Feels Confident Going into 2024
Research of the meat industry identified that meat processors and industry experts feel positive about the industry in 2024 and anticipate next year’s performance to be better compared to 2023.