Voyage Foods?has reached a major milestone today with the announcement of its partnership with?Cargill?for its chocolate and spreads products. Anyone taking even a passing glance at the news in recent months will have noticed the alarming increase in cocoa prices which underscores the serious need for alternatives. Voyage’s cacao free chocolate is the only scalable, viable chocolate alternative in the world, and today’s announcement of this partnership signifies a new path forward for the industry, one that is both more cost effective and more sustainable. Expect this to make a major impact in the world of chocolate and to set a new standard of commercialization in the food tech space. https://lnkd.in/ejnQqZQb
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The chocolate industry is facing a mounting crisis that shows no signs of abating: "What’s happening in West Africa will soon be felt in supermarkets around the world. In a conference call with investors on Feb. 8, the day that cocoa prices blew past their previous record, Michele Buck, chief executive officer of The Hershey Co., warned about what’s coming: “We will be using every tool in our toolbox, including pricing, as a way to manage the business.” This contextualizes the importance of what Voyage Foods is doing to improve the #chocolate industry's supply issues with cacao-free alternatives. https://lnkd.in/etPrq3mY
The Meltdown in Chocolate Is Coming
bloomberg.com