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Expo West

March 4, 2020

World’s Largest Meat Processor to Launch Line of Plant-based Burgers, Meatballs

Colorado-based Planterra Foods announced a new plant-based brand today. Called OZO, the brand will include a line of meatless burgers, grounds, and meatballs. And here’s the kicker: Planterra Foods is owned by the U.S. branch of JBS, the Brazilian corporation that processes the largest amount of meat in the world.

OZO’s offerings are made of a mix of pea and rice protein fermented with shiitake mushrooms, which, according to a press release from Planterra, makes the products more “easily digestible.” OZO’s products will be priced from $5.99 to $7.99, which puts them in line with competitors like Beyond Meat.

The plant-based products will launch in grocery stores across the U.S. in April, after which the company will begin rolling them out through foodservice partners. Well, that’s the plan, anyway. The OZO line was meant to make its debut at Expo West this week, but the trade show was postponed a day before its start due to the coronavirus. It’s unclear if the outbreak will affect the April retail release timeline.

Interestingly, the press release announcing OZO’s launch doesn’t mention JBS until the very last sentence of the last paragraph, effectively burying it at the end. Maybe they’re worried that the information will turn off vegetarians and vegans who don’t want to eat plant-based food associated with a giant meat processor.

Despite Planterra Foods’ seeming reticence around it, the JBS affiliation is what will give the company a fighting chance to stand out in a plant-based meat aisle that’s extremely crowded — and getting more so by the day. OZO can leverage JBS’ existing supply chain to easily source its plant-based ingredients, and can also tap into its retail partnerships to elbow out some shelf space.

However, JBS isn’t the only Big Meat company hoping to leverage its retail connections to carve out a space for its plant-based branch. Tyson, Hormel, and Smithfield Foods have released their own meat alternatives over the past year as well. And just last week Cargill, another food and agriculture giant, announced its own plant-based burger, which will also be hitting retail shelves in April.

All this goes to show that the alterna-meat boom has finally made it all the way up to the largest players — even those specialize in meat. And with demand for plant-based food growing 11 percent year-over-year, it’s likely that JBS won’t be the last Big Food company we see trying to get in on the alternative meat action.

March 3, 2020

Expo West Postponed a Day Before Expected Start Due to Coronavirus

After days of bad news about exhibitors pulling out of one of the biggest natural and organic food product shows in the world, New Hope Network announced last night that it would postpone the Natural Products Expo West due to coronavirus just a day before the expected start of the show.

Yesterday I wrote that it was a pretty extraordinary move for the Inspired Home Show, another large trade show, to cancel less than two weeks before it was expected to begin. But two weeks was at least enough advance notice to allow exhibitors and attendees time to change plans. By postponing just a day before its expected start, Expo West gave attendees and exhibitors still planning to attend no time to alter plans, and many were already en route to Los Angeles to attend the event.

The show’s abrupt cancellation left many attendees and exhibitors scrambling to cancel hotels or flights and to figure out what to do with products and trade show equipment already shipped to Los Angeles. Rabobank’s FoodBytes, one of many organizations that had planned to have its own gathering in LA around Expo West, announced via email they would cancel a mixer planned for Wednesday, March 4. On Facebook, a representative from another organization offered to buy inventory from exhibitors that had already shipped product to help some of these small companies mitigate losses.

While the postponement was last minute, the fast-moving nature of the Coronavirus epidemic left the trade show’s organizers in a very tough place. In the announcement, New Hope Network talked about the back and forth discussion it had been having over the past week with its exhibitor community and how they ultimately decided to postpone the event.

From the announcement:

“Over the last 48 hours, we have worked with the Community to try and serve those who want the show by delivering a great experience, and support those who want it, but not now, by working on credits and alternatives.

It is now clear, despite continued advice from local government and health authorities that the City of Anaheim remains open, that the majority of our Community want the show, but they do not want it now.”

New Hope Network wrote that they plan to announce a new date and location for a rescheduled Expo West by mid-April.

As with the cancellation of the Inspired Home Show, Expo West’s delay shows how the virus is having a significant disruptive impact on nearly ever aspect of the broader global economy and industry. We’ll continue to cover the impact of the virus on the food and food tech industry in coming weeks.

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