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Amazon's deal to buy US supermarket chain Whole Foods Market is likely to further rattle the local food and beverage industry ahead of its Australian launch.

Amazon, which in April confirmed its intention to launch in Australia, bought the US grocery retailer for $US13.7 billion ($18 billion).

The chain, which mostly operates in upmarket locations and markets itself as 'America's healthiest grocery store', has been struggling, according to The Australian Financial Review.

The deal is reportedly the biggest ever for the e-commerce giant, and will significantly lift its bricks and mortar presence.

Packaging News

IVE Group says its diversification strategy – including investment in packaging capacity – remains central to growth despite softer revenues in traditional print segments.

The Hive Awards are live! PKN's sister title, Food & Drink Business, is calling on all processing and packaging innovators in the food and beverage sector to get on board and submit entries by 13 March.

A new AFGC snapshot of Australia’s food and grocery manufacturing sector highlights rising costs and slowing real growth – while calling for national progress on packaging circularity and digital labelling.