WILMINGTON, DE - DuPont is extending its current offering to the produce industry by providing a value-adding offer that enables cost reduction by providing sustainability to produce that often suffers loss during the cold chain with the company’s innovative DuPont™ Tyvek® Cargo Covers. These covers have seen wide use in pharmaceutical applications since the product launched and has recently been endorsed by several major cargo airlines. In the past 4 years, use of the covers has expanded into protecting perishable products worldwide including fruits, vegetables, cut flowers and plants.
Annette Kim, DuPont™ Protection Technologies Growth Program Manager, joined me to talk about this growing segment of the Protection Technologies business, and the highlights of the proprietary covers.
“Produce is a relatively new application for Tyvek® Cargo Covers. Customers are seeing the value in this product and we are conducting more and more trials across perishable categories. It has been very exciting to be a part of this product’s growth,” Annette said.
DuPont is constantly making moves to enhance its product mix and offer more options for produce customers. So what exactly are the benefits of DuPont™ Tyvek® Cargo Covers? Annette tells me that these protective covers are made from a proprietary high-density polyethylene (HDPE) manufacturing process that creates a unique balance of properties that are ideal for a protective cover.
“Because we are first targeting air transportation for perishables, one of the primary categories for us has been asparagus as a large amount gets flown into the U.S. through Miami, FL from Lima, Peru,” Annette said. “We have also been working with berry and cherry companies as well and gaining much interest from the growers and shippers of fresh cut flowers. As more people continue to see the value in Tyvek® Cargo Covers, we will continue to evolve the program.”
Tyvek® Cargo Covers help reduce losses, have ease-of-use and can be installed or removed in as little as one minute. They also offer a simple, robust design, which means there is no complicated training and no return logistics required. Tyvek® Cargo Covers help improve the bottom line by reducing costs associated with temperature excursion loss and are specifically engineered to address the threat of cold chain breaks during transit.
Tyvek® Cargo Cover protective advantages include:
- Excellent protection against temperature excursions by shielding your products from the threats of solar radiation and extreme ambient temperatures (hot and cold).
- Protection from physical hazards including rain, snow and insects.
- Breathable cover allows perishables to respire normally, vents harmful gases such as ethylene and reduces probability of condensation damage. Breathability also allows perishables to be fumigated while covered, preserving your cold chain protection during this process.
- Enhanced shipment security because these white opaque covers shield your cargo from view and are inherently tamper-evident.
- Superior protection from solar radiation as a result of their unique reflective outer surface.
- Excellent protection from ambient temperature extremes–hot and cold–without the weight or bulk of alternative covers.
DuPont™ Tyvek® Cargo Covers come in two basic designs: a one-piece top cover, and a two-piece top and bottom cover. The covers are tailored to fit upper and lower deck standard cargo sizes, such as Euro and UK/US pallets, ULD, PMC, PAG, AKE, and LD3 and are also customizable.
As the import/export opportunities continue to grow, so will DuPont and its evolving Tyvek® Cargo Cover program.
Copyright © 2015 DuPont. All rights reserved. The DuPont Oval Logo, DuPont™, The miracles of science™ and Tyvek® are registered trademarks or trademarks of E. I. du Pont de Nemours and Company or its affiliates. Technology by blueye® is a registered trademark of Blueye, LLC.
CINCINNATI, OH - Kroger has announced its Q3 2015 financial results this morning, highlighting a profit that beat analysts’ estimates and increased stock prices by over 5%. Kroger also raised its annual outlook after this quarter’s success with new locations and organic product sales.
“Our associates delivered another quarter of excellent identical supermarket sales and earnings results that provide great momentum as we head into the holiday season,” Chairman and CEO Rodney McMullen explained. “Kroger’s consistent results demonstrate once again that our relentless focus on customers is the key to sustainable shareholder returns. We continue to implement our growth plan and expect to exceed our longterm net earnings per diluted share growth rate for fiscal 2015.”
The company reported net earnings of $428 million, or $0.43 per diluted share, and identical supermarket sales growth, without fuel, of 5.4% in the third quarter of fiscal 2015. This is up 18% over Q3 of last year, which reached $362 million. Kroger’s Simple Truth line of natural and organic goods has grown to more than $1 billion in annual sales, Bloomberg reports, as the trend of healthier eating continues to grow. more Americans attempt to eat healthier.
This successful quarter comes on the heels of Kroger’s announcement that it will be acquiring the Roundy’s chain for $800 million.
Other highlights from Kroger’s Q3 2015 report include:
- Total sales, excluding fuel, increased 5.5% in the third quarter over the same period last year.
- Achieved 48th consecutive quarter of positive identical supermarket sales growth, excluding fuel.
- Leveraged operating expenses as a rate of sales due to strong cost controls and identical supermarket sales growth.
- FIFO gross margin was 22.4% of sales for the third quarter.
- Total operating expenses decreased 23 basis points as a percent of sales compared to the prior year.
- Return on invested capital (ROIC), on a rolling four quarters basis, was 14.16%.
As of 12:23 PM EST, Kroger’s shares were up 5.69% to $40.28 following the quarterly announcment.
Stay tuned to AndNowUKnow as we continue to follow Kroger’s financial performance in Q4 2015 and beyond.
SALINAS, CA - With farmers making up just 2% of the U.S. population that continues to grow, yet producing 262% more food with 2% fewer inputs than in 1950, Western Growers is looking to prepare the industry with the philosophy that more tech isn’t better- it’s necessary.
“In an era of diminishing natural and human resources, the future of agriculture depends on technology,” President and CEO of Western Growers Tom Nassif tells us.
To maximize the industry’s access, Western Growers is unveiling a new Center of Innovation and Technology, opening up on December 10th.
“It is our mission to discover, nurture, and promote innovation in the field of agriculture,” Tom added.
The 2,800-square-foot center will feature standard office equipment for both hot desks and workstations, serving as a hub of technological development for the agricultural industry.
Sponsors of the new center include:
- Taylor Farms
- JV Smith Companies
- Toro Micro-Irrigation
- Monsanto
- Bayer CropSciences
- Prophet North America
According to the Western Growers Association, technology companies will be able to work with agriculture to identify the critical needs of the industry and receive continuous feedback on the practical application of their potential solutions.
With ongoing programming to help start-up companies establish businesses, as well as connect businesses with the ag industry, the association is looking forward to providing a space that will serve as an effective connection for the industry.
FORT PIERCE, FL - Natalie's Orchid Island Juice Company is giving consumers something to smile about with its 100% produce juice line—a gourmet pasteurized drink with no preservatives, no GMOs, and all-natural ingredients.
Natalie’s juice flavors include 100% Florida Orange and Grapefruit Juice, as well as Honey Tangerine, Orange Pineapple, Orange Mango, Strawberry Lemonade, Natural Lemonade, Pure Lemon and Lime Juice, Margarita Mix, Sweet & Sour Bar Mix, and now—Natalie's Fresh Tomato Juice.
Locally sourced from Florida, Georgia, South Carolina, North Carolina, and Virginia, these tomato unique juices only use two ingredients—fresh tomatoes and lemon juice. Natalie's keeps these juices at the peak of freshness, squeezing its tomato juice to order in small batches.
Like all of Natalie’s juices, the new Tomato Juice is gourmet pasteurized for the minimum amount of time, at the minimum temperature, to retain the quality and nutrition. Unlike most tomato juices on the market, Natalie’s provides a clean label juice with no preservatives, no added salt, no flavor packs, no gmos, and no concentrates.
Natalie’s fresh juices come in an assortment of sizes, with different varieties available in 128 oz., 64 oz., 32 oz., 16 oz., or 8 oz. size bottles, to satisfy the needs of consumers across the board. Natalie’s juices are distributed within 33 states across the U.S., and exported to over 24 different countries.
For more on Natalie's full product line and where to find it, visit www.orchidislandjuice.com.
TAMPA, FL - After over a decade of wooing, Publix has finally confirmed it will be opening a new location in Tampa Florida. The 37,600-square-foot Publix store is expected to open in the fall of 2017, and will be part of an $80 million to $90 million development project.
“Publix is excited about the opportunity to serve the Channel District community," a Publix Spokesman emailed the Tampa Bay Business Journal. "While there is still work to be done, including final contracts and the permitting process, we are confident that all parties want to see the successful completion of this project. We are thankful to the mayor for his continued commitment and focus on the culture and diversity of Tampa and the Channel District area.”
Ken Stoltenberg and Frank H. Bombeeck, the heads of store-developer Mercury Advisors, have worked for 13 years to bring a grocery store to the Channel District, according to the Tampa Bay Times. The developers say the store will be paired with a planned 21-story apartment tower in a project known as the Channel Club. Construction for the $80+ million project is set to being this upcoming spring.
"This really drives home the reality that downtown Tampa has become a place to live, work and play," Tampa Mayor Bob Buckhorn shared with the Tampa Bay Business Journal.
For more on the latest retail news across the globe, AndNowUKnow will continue to update you.
JUPITER, FL - From more than 500 nominees, Locus Traxx Worldwide was named among 50 companies in Florida to watch for significant growth over the next several years by the economic development group GrowFL, in association with the Edward Lowe Foundation.
“As a company, we place a huge emphasis on providing all of our customers with innovative technology solutions to uphold the integrity of their shipments,” David Benjamin, CEO of Locus Traxx Worldwide, said in a press release. “This commitment has resulted in Locus Traxx Worldwide not only seeing growth as a company, but also becoming recognized for our hard work and dedication throughout the state of Florida. Locus Traxx has committed to creating opportunities for economic growth in our community, and we are honored to receive the GrowFL Company To Watch award.”
Among the factors that contributed to the company’s nomination, and ultimately receipt, of the award were:
- It’s competitive market position.
- Locus Traxx’s management team.
- It’s strong community involvement.
Dr. Tom O’Neal, Executive Director of the Florida Economic Gardening Institute and Associate Vice President for the University of Central Florida’s Office of Research and Commercialization, said that these stand-out companies are all led by entrepreneurs, and have demonstrated their capacity and intent to grow, as well as having critical intellectual property or a niche position that gives them a competitive edge in their markets.
“There is a strong group of companies that deserve this special recognition given annually to the state's top second stage companies,” O’Neal added.
According to the release, ‘second-stage companies’ are those with six to 99 full-time employees and between $750,000 and $50 million in annual revenue. Those named in the 2015 Florida Companies to Watch generated a total of more than $1.2 billion in revenue, as well as having added nearly 1,000 employees between 2011 and 2014.
Together, the 50 recipients project an increase of 23 percent in revenue and 19 percent increase in job growth for 2015.
Congratulations to Locus Traxx Worldwide and the other 2015 winners.
PHARR, TX - Officials with the U.S. Customs and Border Protection Office of Field Operations were kept busy last weekend, when illegal drugs were found in two separate shipments of vegetables.
Nearly $2 million worth of cocaine and marijuana were reportedly found and seized in shipments of carrots and cucumbers coming through South Texas’ Pharr International Bridge.
Officers removed 6,709 small packages of “alleged marijuana,” according to a Fox 5 report, weighing more than 2,600 pounds and estimated at a street value of more than $525,000 in several boxes of cucumbers.
Just hours later, 64 packages of cocaine were discovered stashed in a commercial shipment of fresh carrots, adding up to about 164 pounds at an estimated street value of about $1,258,000.
“This was definitely a productive weekend at our Pharr, Texas cargo facility,” Javier Cantu, Acting Port Director for the Hidalgo/Pharr/Anzalduas Port of Entry, said, according to Fox 5. “Our frontline officers accomplished these extraordinary seizures of narcotics while still processing legitimate importations, an outstanding and sometimes unnoticed aspect of our job duties.”
Together, the two seizures add up to 2,764 pounds of illegal substances, totalling in $1,784,458. Both discoveries, which currently remain under investigation by Homeland Security, were made with both canine enforcement teams and non-invasive vehicle imaging technology.
ATLANTA, GA - With the introduction of a new facility, better packaging, and year-round eggplants, it’s looking to be a big year for Malena Produce in 2016.
CEO Gonzalo Avila took the time to tell us more about what’s to come from the company.
“We are building a new facility in the state of Nayarit,” he shared with us, adding that the company also has recently built a new facility located in Hermosillo. There the company is packing its Italian and Yellow squash in modified atmosphere bags that help lengthen the shelf-life of the product.
And that’s not all that is being added to Malena’s repertoire.
“We’re very happy to announce that the coming 2016 will be the first year where we have eggplant year around,” Gonzalo tells us, giving plenty of good reason for excitement about the upcoming new year.
To see our full interview with Gonzalo, watch the 42 second video above.
We will continue to follow this company as it and others in the produce industry continue to grow, so stay tuned.
TORONTO, ON - On November 25th, John Anderson, Chairman, President, and CEO of the Oppenheimer Group, joined Ernst and Young’s other 2015 Canadian Entrepreneurs of the Year recipients to open the market at the Toronto Stock Exchange.
“Opening the market with such a great group of innovative leaders was exciting and really fun,” Anderson said, according to a press release. “I enjoyed helping kick off Canada’s economic day in this ceremonial but important way.”
EY Entrepreneur of the Year Awards celebrate individuals that are leading successful, growing, dynamic companies, Oppy said, as well as encouraging more entrepreneurial activity to come.
Anderson was ultimately chosen as overall regional winner for the food and beverage category in September after initially having been selected as the 2015 Pacific region winner of that category.
Both the National Canadian judges for the program and EY leadership team members joined Entrepreneur of the Year Award recipients in the celebration of their winning achievements.
Congratulations to Anderson and the other award winners on this recognition of your part in helping to shape the industry! For more on awards, actions, and other influential news stories, stay tuned to AndNowUKnow.
RIO RICO, AZ – After a year of growing its product lines with exciting new additions, SunFed is gearing up to introduce a new, year-round sweet mini pepper program just in time for the holiday season. Perfect for snacking, this newest product addition aligns with the company’s goal of addressing growing trends in the produce department.
“This is a new deal for SunFed,” said COO, Matt Mandel. “We have had our key retail partners asking us for this program expansion and we see a definite place for extremely high-quality, great tasting, SunFed mini sweet peppers.”
The initial planting will take SunFed well into April, according to a press release, with future plantings of the line extending through the summer months. Starting its plantings in the Guaymas in the state of Sonora, growing in one of Mexico’s most fertile regions will provide SunFed with a very agreeable climate for the fall/winter production. SunFed expects that the summer production will likely come from central Mexico.
The addition of mini peppers will add another high-quality greenhouse product to an ever-expanding product line to make decision-making easier for SunFed’s key partners, the company says.
“The key here will be the consistency of the program and our ability to supply our customers, and future customers, on a year-round basis,” Mandel adds.
SunFed will be offering red, yellow, and orange mini peppers under its Perfect Produce® brand. To learn more about SunFed products, program opportunities, recipes, and fresh innovations, please visit www.sunfed.net.