After a series of high profile acquisitions and more likely on the way, China is poised to have a much larger footprint in the global food supply chain in the near future, according to a new report from Rabobank.
The high-cost of customer acquisition and a recent uptick in losses for the five-year-old food tech company could make the decision to list look precarious and spell bad news for competitors also considering listing.
The move to acquire Bright Agrotech will give Plenty the breadth of expertise and IP to scale with rapid speed, and is a natural move after a four-year relationship, according to Matt Barnard, cofounder and CEO.
The highs and lows of the food e-commerce space continued this week with Territory raising $6.7m in Series A funding in the same week that Maple closed and sold some of its assets to the UK's Deliveroo.
Tyson Foods Appoints its First Chief Sustainability Officer
Major poultry producer Tyson Foods has named Justin Whitmore to the newly-created role of Chief Sustainability Officer. The appointment follows the company’s introduction of a new initiative that puts sustainability at the core of the company’s future aspirations.
ReFED Names Chris Cochran As First Executive Director
ReFED, a collaborative, cross-sector effort of 40 businesses, non-profits, foundations, investors and policymakers committed to reducing food waste in the United States, has named Chris Cochran, Walmart’s senior manager of Corporate Sustainability, as its first executive director, effective in April.
Further M&A activity from large agribusinesses like Jain is essential so we caught up with Observant to find out what pieces of advice the cofounder would give to farm-based agritech startups hoping to turn their businesses into acquirable companies.