AGP Executive Report
Last update: 8 hours agoFood & Beverage Leadership: Tony Lim, founder of Malaysian chains Boat Noodle and BananaBro, has died at 47. His brands credited him with building their growth-minded cultures and championing Malaysian food. Investment: Chinese businesses have signalled plans for up to US$15 billion in Malaysian investment, including food processing and halal products; the figure follows preliminary discussions. Retail Disruption: Cyber incidents disrupted supermarket refrigeration in Belgium, Sweden and Luxembourg, with stores reporting food losses as they worked to restore systems. Food Safety: Chicago inspectors logged more than 160 violations at Taste of Chicago, with over half of listed vendors flagged and more than 800 pounds of food discarded. Market Trends: UK seafood spending growth reached 7.6% this year, outpacing the wider food market’s 3.7%, as shoppers seek healthful, convenient options. Sustainability: Refresco has begun a 21.5MW rooftop solar programme across four UK beverage plants; its largest installation is forecast to supply about 17% of the Bridgwater site’s annual electricity needs. Product Innovation: Del Monte has launched ranch-seasoned corn and Italian-inspired green beans in US stores, priced at $2.69 each.
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