CPG NEWS #3
Introducing CPG News: Your Source for Co-Manufacturing and Co-Packing Insights
Welcome to CPG News, the leading newsletter that keeps you updated on the latest trends in co-manufacturing and co-packing. Presented by GrowinCo, a top company connecting industry players with efficient and capacity-ready suppliers, this newsletter is your ultimate resource for staying informed about the dynamic world of consumer packaged goods.
Let's delve into the latest industry and manufacturing news and trends from last month!
Digital Native Brands: The Rise of a New Business Paradigm
The digital revolution has transformed various aspects of our lives, giving rise to digital native brands that disrupt traditional industries. Also known as D2C brands, they primarily operate online, engaging customers through social media and digital marketing. These brands prioritize personalization, authenticity, and convenience to meet evolving consumer expectations.
By leveraging technology and storytelling, they build strong emotional connections with their customers. Digital native brands have revolutionized supply chains, manufacturing, and customer experiences, setting new standards for customer satisfaction.
While they face challenges due to increased competition, their impact on industries like fashion, beauty, and others is significant and likely to grow as technology advances. Overall, digital native brands lead the way in business innovation and understanding the digital ecosystem.
Aptean conducted a research study to uncover the digital transformation priorities of leaders in the industrial manufacturing sector
Discovering the true state of digital transformation in the industrial manufacturing sector is crucial amidst the frequent use of terms like "smart manufacturing" and "digital transformation." Aptean conducted a survey in late 2022, gathering insights from 150 C-Suite decision-makers in North American industrial manufacturing companies.?
The survey aimed to identify the level of advancement and technology priorities in driving digital transformation strategies. Here are some key findings we would like to share with you.
Nestlé enzyme tech cuts sugars intrinsically present in malt, milk and fruit juice
Nestlé is introducing a groundbreaking technology that leverages enzymatic processes to reduce intrinsic sugar in key ingredients while maintaining taste and texture. The Swiss food giant views this as a major breakthrough, allowing them to decrease sugar without the need for sweeteners or bulking agents, and with minimal cost impact.?
The technology targets specific ingredients rather than overall product formulations, making it applicable across various product categories. In addition to sugar reduction, the process converts lactose into dietary fibers, benefiting the microbiome composition in healthy adults. Nestlé initially piloted the technology in cocoa and malt-based ready-to-drink beverages and plans to expand its use to other formats and product categories, such as dairy powders.
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Sugar prices up more than 40%, with further rises expected
Global sugar prices have experienced a significant increase of 41.9% in the 12 months leading up to June 2023, and The Smart Cube predicts further rises in the second half of the year. The price surge is attributed to reduced sugar production in India, Thailand, and China, as well as a smaller beet harvest in the European Union due to unfavorable weather conditions. India, the world's second-largest sugar producer, banned sugar exports to prioritize domestic availability.?
Adverse weather, including the anticipated impact of El Ni?o, is expected to result in a 10 to 15% reduction in global sugarcane yield. The growing demand for sugar, coupled with limited supply, has created challenges across various industries, such as confectionery, with smaller players struggling to absorb increasing prices without passing them on to consumers, unlike larger companies.
Stay tuned for more industry updates and insightful content in our upcoming newsletters!
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