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News Briefs

  • 9/27/2024

    Coca-Cola Teams for PixieDrone Waste Collector

    Coca-Cola PixieDrone

    The Coca-Cola Company in Canada is supporting a new way to tackle plastics floating in the Great Lakes region: drones.  

    The company is partnering with non-profit Pollution Probe and its Great Lakes Plastic Cleanup initiative, serving as a sponsor for the PixieDrone remote-controlled mobile waste collector. The drone targets floating debris — including plastic, glass, metal, and paper — and can collect about 42 gallons of waste with a six-hour charge.

    The drone was tested on Lake Simcoe in Barrie, Ontario, and will be used at other locations across the Great Lakes region starting in the spring of next year. 

    The Great Lakes Plastic Cleanup initiative currently operates at more than 150 sites across the Great Lakes, and the PixieDrone will join over 135 other plastic capture technologies already deployed. 

    Avi Yufest, senior director of public affairs at Coca-Cola, noted that the company recognizes its responsibility to help address the plastic waste crisis: “Projects like this, in addition to packaging innovations and recycling efforts, are one of the ways we are working to help keep our waterways and environment clean from plastic debris."

  • 9/11/2024

    Qvest and NVIDIA Continue Team Up on GenAI

    Artificial Intelligence

    Qvest is continuing its partnering with NVIDIA to progress on its AI efforts. 

    The two are now working together to create advanced AI-driven technology and capabilities that can help increase media companies’ productivity and optimize operations. This includes a generative AI solution that can streamline content management and creation within existing media workflows. 

    Capabilities will include automated metadata tagging for audio, text, and vision formats to reduce manual efforts, cutting down on time and costs. Additionally, it will include accelerated content search within the video assets library and content generation for headlines, scripts, and narratives to expedite time to market. 

    Also: Learn why Gartner says multimodal intelligence is the future of GenAI

    The tech will run on the NVIDIA GenAI microservices platform, which supports computer vision, content generation, audio transcription, and more. Users will be able to host models on the cloud or locally to bolster data security and optimize performance. 

    The companies plan to integrate NVIDIA’s Holoscan for Media technology for real-time streaming ingestion and content discovery. 

  • 9/2/2024

    Unilever Moving North America HQ to Hoboken

    Unilever

    Unilever is picking up sticks and moving to Hoboken, NJ. 

    The CPG, which currently calls Englewood Cliffs, NJ, its North America home, will move into the new digs in spring 2025. It signed a three-year lease for a 111,000-square-foot, three-floor office. 

    The company decided to relocate in order to tap into the labor pool of the New York City and metro area while retaining their current employees in Bergen County, according to a statement from Alexander Erdos, SVP, leasing and development at SJP Properties, Unilever’s new landlord. 

    Other companies on the property include Newell Brands, Lipton, and Walmart.

  • 8/27/2024

    CloudGaia Takes Next Step in Global Expansion

    invest

    Salesforce CRM partner CloudGaia is accelerating growth in the Americas and Europe, and a new investment from Salesforce Ventures is expected to give it a boost. 

    Founded in 2016, CloudGaia leverages agile methodologies to help consumer goods companies maximize their use of Salesforce platforms. Customers include Coca Cola Euro Pacific Partners. 

    Salesforce Ventures invests in start-up and early-stage enterprise software companies. CloudGaia CEO Nicolas Orzabal said the funds will enable them to expand their impact. 

    “With this investment, CloudGaia is set to expand its presence across the Americas and Europe, growing its team, enhancing service offerings, and deepening relationships with existing and new clients,” he noted in a statement. 

  • 8/14/2024

    Lolë Brands Acquires Sanuk from Deckers

    Lole Sanuk

    Global apparel company Lolë Brands is expanding its portfolio, acquiring footwear brand Sanuk, which was previously owned by Deckers Brands. Sanuk, which was founded in 1997, will undergo reinvestment in its consumer-centric products and marketing under Lolë Brands’ ownership. 

     

    At the helm is Katie Pruitt, a 20-year industry veteran who was hired to lead the brand as VP, general manager. Her focus will be on direct-to-consumer and wholesale customers. 

    Operations for Sanuk will move to Los Angeles, California. This is Lolë’s second acquisition over the last year as the company looks to grow its portfolio of environmentally conscious consumer brands.

  • 8/8/2024

    Conagra Acquires Sweetwood Smoke & Co.

    Conagra Brands

    Conagra Brands continues its portfolio optimization strategy, growing its snacking category with the acquisition of Sweetwood Smoke & Co. The company manufactures Fatty Smoked Meat Sticks, a snacking product made of pork and beef smoked with hickory wood. 

    The acquisition is the next step in reshaping Conagra’s portfolio for faster growth, according to Conagra president and CEO Sean Connolly.

    "Adding a premium brand such as Fatty to our growing, better-for-you snack portfolio is consistent with our strategic focus on the snacking and frozen categories," he added.

    During the last investors call, Connolly said frozen and snacks are the two most critical businesses in the company’s portfolio. They held or grew market share in 80% of the combined business, according to Q4 2024 earnings reports. 

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