AGP Executive Report
Last update: 10 hours agoBeverage Results: AB InBev’s third-quarter revenue rose 9.1% to $16.51 billion, though beer volumes slipped 0.1% as non-beer drinks grew. Vita Coco reported a 34% sales jump and raised its 2026 forecast, lifted by organic growth and its Copra acquisition. Shifting Portfolios: Carlsberg is leaning harder on soft drinks as beer sales weaken in Europe and Asia; non-alcoholic beverage sales grew 8.5%, while beer sales fell 3.5%. Food Supply: Nigeria’s sugar council says local production could save $1 billion a year in foreign exchange and create 110,000 jobs as reforms draw investment. Industry Standards: A new report from IPES-Food highlights widespread exploitation across food supply chains, including low pay, wage theft and unsafe work. Food Innovation: FDA clearance for animal-free casein marks a regulatory step forward for dairy alternatives.
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