This week’s Top 5 stories

Take a look at the stories that caught everyone’s attention on the Food & Drink Business website this week: Woolworths CEO Brad Banducci resigns; shifts in the plant-based meat landscape; merged businesses form Fonterra Oceania; Bega relocates Betta Milk manufacturing to Hobart; and Wide Open Agriculture looks to offload its retail brand. 

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Packaging News

Federal ministers yesterday convened an urgent industry roundtable on plastics supply chain pressures, placing packaging reform and domestic recycling capability firmly at the centre of discussions around Australia’s food security and manufacturing resilience.

The Australian Beverages Council has renewed calls for urgent national packaging reform, saying global supply disruptions highlight the need for stronger domestic recycling and harmonised EPR.

Close the Loop has sold its US-based ISP Tek Services business for US$10m, as part of a broader strategic reset aimed at sharpening focus on its core packaging and resource recovery operations.