Cargill joins the list of major meatpackers who were under investigation for their handling of meat exports and worker safety during the coronavirus pandemic.

Although the top 5 companies stayed the same, there was extensive movement throughout Food Engineering’s 2020 list of the Top 100 food and beverage companies.

A volatile year for food and beverage companies of every size has seen a reshuffling of Food Engineering’s Top 100 food and beverage companies.

PepsiCo has moved up from #2 to take the top spot. The company reported a 20.5% increase in net revenue in its Q2 results, raising its full-year guidance for organic revenue growth. 

Following closely behind PepsiCo, Nestlé reported organic sales growth of 8.1% for its first half, after its results were boosted by strong demand for its coffee products.

JBS reported its “best quarter in its history” in August, citing a net income that increased almost 30% to $839.2 million.

AB InBev reported a strong performance in Q2 after organic revenue grew by 27.6% to $13.53 billion. 

Tyson Foods recorded sales of $11.30 billion in Q2, an increase from 2020’s results of $10.89 billion. 

At the end of 2020, Mars announced its acquisition of Kind North America, a maker of healthy granola and energy bars.

ADM reported strong Q2 results, with net earnings of $712 million and adjusted net earnings of $754 million. 

The Coca-Cola Company witnessed net revenues accelerate by 42% in Q2 this year, driven by ongoing recovery from the pandemic in several markets.

Global commodities trader Cargill reported a 17% rise in revenue in fiscal year 2021, owing to raised prices for agricultural products. 

Danone has been busy. The company reported a return to growth across all categories in the second quarter after posting a 6.6% net sales increase on a like-for-like basis. 

After a brief stint in the top spot for PepsiCo, Nestlé reclaimed the mantle of top food and beverage producer by revenue in this year’s Top 100 Food and Beverage Companies. Plus, there was a massive jump in revenue reported by Archer Daniels Midland, giving the company enough to vault into the second spot, pushing PepsiCo down to third.

The rising cost of ingredients due to inflation and supply is deflating food and beverage manufacturers’ revenue, which has created movement in this year’s list.

Securing the top spot once again, Nestlé reported 9.3% organic sales growth in the first quarter, driven by the company’s price hikes.

PepsiCo said investments made in its brands, consumer insights, manufacturing and go-to-market execution are fueling growth across the portfolio.

A wider-than-expected first quarter loss was experienced because of high input costs, inflation and supply and demand imbalances, impacting performance in all units.

The maker of Budweiser and Corona said its results confirmed the resilience of the beer market in the face of economic challenges, notably inflation.>

Lowered sales forecasts led to the closure of some chicken processing facilities, but the company is compensating by making investments elsewhere.

It has been a year of innovation for ADM. The company reported that its agriculture and oilseed results were strong but slightly lower than in the second quarter of 2022.

Cargill—agricultural giant and the largest private company in the US – has experienced a slowing of profits this year, owing to less volatility in the global grain market and the collapse of meatpacking margins in the US.

The Coca-Cola Company reported strong second-quarter results, posting a 6% rise in net revenue to $12.0 billion, after its results were boosted by price hikes.

Olam Group – one of the world’s biggest agricultural traders – posted an 8.3% drop in its annual net profit, as better performance at its agricultural unit was offset by higher finance and input costs.

Global agribusiness cooperative CHS posted $547.5 million in net income for Q3 2023 boosted by strong global demand, compared to its record third quarter net income of $576.6 million in fiscal year 2022.

Inflation and changing consumer habits forced companies to get creative in terms of maintaining margins, and pet food is going strong.

In 2023, Performance Accessories further expands this promise by enhancing its stair tread program and emphasizing its waterproof accessories.  

From calming neutrals to bright, saturated bolds, the hues serve as the base colors for Distinct Designs Studio Collection rubber flooring and all Flexco wall base. 

Versatrim adds Fittes flush and framed vent designs to complement residential flooring projects.

Versatrim has expanded its Versaflex collection to include a corner molding profile.

Versatrim introduces the VersaCap Round Profile, designed to enhance the aesthetic appeal and functionality of stair applications, providing a seamless finish that complements any interior design. 

Developed by PurPod, the pods have replaced all of New England Coffee’s former single-serve plastic pods to deliver a richer aroma and fresher coffee flavor with materials that are friendlier to the environment, reducing plastic waste. 

What Hispanic Cheese Makers is doing with its wastewater and with its sustainability efforts overall makes it a model for producers looking for ways to be sustainable and good neighbors, and it’s why Hispanic Cheese Makers is being featured as a Fabulous Food Plant.

Clif Bar's Twin Falls bakery was named Food Engineering’s Sustainable Plant of the Year in 2017. The Indianapolis bakery has a different—although equally successful—story to tell.

With this carbon dioxide chiller installed at a dairy, not only does it cool the milk better, it also provides heat for washing equipment.

Dot Foods, Inc., said to be North America’s largest food industry redistributor, has acquired Morsum, a food industry data and AI platform technology company.

Imports at the nation’s major retail container ports should continue to see strong increases through spring and summer.

Q.E.P. recently completed the acquisition of AC Products and Southern Cross Building Products.

The National Wood Flooring Association (NWFA) recognized 41 member companies for community service in 2016.

When completed in 2027, Lactalis USA will have increased its U.S. feta production capacity to address current and future customer and consumer demand.

The pace of M&A activity in the food and beverage sector has trended much slower in 2024 compared to recent years, but several indicators suggest a pickup in activity.

Building on the product’s success in the mineral processing and recycling industries, Salient Pole Rare Earth drums are now optimized to meet the stringent requirements of food processing, ensuring the purity and safety of food products.

New remote service tools and robust asset management platforms enable food and beverage companies to envision AI-based strategies and facilitate product innovation across the enterprise.

SPI will remain a standalone brand and continue to support its existing customers.

The Modesto expansion is the second largest capital project in the company’s history.

Henry Avocado Corp. has expanded its cold storage distribution center in Charlotte, N.C. through collaboration with design-build firm A M King.

The new facility will boost the company’s presence in growing edible oil and animal feed markets, and will create opportunities in renewable energy feedstock markets.

The expansion, in South Windsor, Conn., comes as part of the company's strategic plan to expand its production capabilities, innovate and meet strong demand for its meal solutions products.

The expansion is anticipated to more than quadruple the facility's current production output and help support the company's continued plans for growth in novelty and packaged ice cream.

The expanded facility includes the addition of a new single-serve aseptic juice production line and a 104,000-sq.-ft. distribution center.