In recent years, there has been growing recognition that food and agriculture should be viewed not solely as economic sectors but as pillars of national resilience and security. The combined pressures of geopolitical tensions, natural disasters, tech vulnerabilities, and climate change are driving broader recognition of sovereign risk in food production and supply chains, placing it alongside traditional domains of national defence and security. MEQ CEO, Remo Carbone, writes. Read more
Global compostable packaging enterprise, BioPak, has released a range of online resources to help customers and consumers navigate the upcoming single-use plastic bans for Western Australia and South Australia.
Food Futures Company is looking for business ideas from budding entrepreneurs in regional New South Wales to participate in its Value+d Program – an online incubator designed for emerging and early-stage consumer good ideas.
Beverage giant Lion has announced that Cameron Mackenzie will be finishing up with Four Pillars Gin, with Sarah Prowse to take leadership of the distilling team in Healesville.
The Global FoodBanking Network, which represents food banks in more than 50 countries, has discovered that food banks reduce the same volume of greenhouse gas emissions on average as removing 900 gasoline-powered cars from the road for a year.
The social enterprise behind Saveful, the intuitive free app that helps people save on their grocery bills and reduce food waste, has launched a campaign to accelerate the uptake of the app and empower consumers to save money, food, and time.
After a $276 million impairment on dairy infrastructure and a net loss of $230 million in FY23, Bega Group more than rebounded in FY24, recording $3.5 billion in group statutory revenue and a 15 per cent uptick in earnings before interest, taxes, depreciation, and amortisation (EBITDA) to $165.1 million.
Woolworths Group’s 2024 Sustainability Report showed that the company is aiming to make real change in its supply chain, strengthening its targets to phase out the use of deforestation linked commodities in its own brand products.
The statutory authority for commercial egg producers, Australian Eggs, has released its seventh annual Industry Sustainability Framework Community Research Report – revealing a stable level of industry trust from the general public.
Australia and New Zealand are responding to the recent detection of the exotic tomato brown rugose fruit virus at two businesses in the Northern Adelaide Plains, the first time it has been confirmed in Australia.
Bubs Australia achieved $79.7 million group revenue in FY24, which was in line with its guidance and a 33 per cent increase on the prior corresponding period (pcp). While it reported a statutory after-tax loss and full year EBITDA loss, both were a sizeable improvement on FY23.
Retailer Woolworths Group recorded a 5.6 per cent increase in group sales to $67.9 billion, with its Australian Food sales growing 5.6 per cent to $50.7 billion. Its net profit fell 0.6 per cent to $1.7 billion in the 52 weeks to 30 June before significant items.
Earlier this year, Food & Drink Business profiled the alcohol brand, Solbevi, as its Rising Star. Its indefatigable founder, Stefan Di Benedetto, set the goal of Solbevi Limoncello being behind every bar side-by-side with Campari and Aperol, and launching Australia’s first Limoncello Spritz ready-to-drink (RTD). But with many triumphs have come desperate lows. As Solbevi turns one, we caught up with Stefan to reflect on the ride so far.
Fonterra says the $75 million investment at its Studholme site will increase capacity for its protein ingredients business, a key component of the coop’s growth strategy.
Coles Group reached a two-year high in FY24, reporting an 8.2 per cent rise in earnings to $3.65 billion and a 4.4 per cent rise in revenue to $43.7 billion. Supermarket earnings rose 10.5 per cent to $3.5 billion and profit increased 8.3 per cent to $1.1 billion.
The Australian food and beverage sector recorded profitability declines of a 25 and 28 per cent respectively year-on-year, according to research by inventory management software company, Unleashed.
Wines of Western Australia has appointed Eloise Jarvis as program manager for the sustainability adoption, certification and promotion for Western Australian wine growers and producers project, through a co-funding partnership with Wine Australia.