AGP Executive Report
Last update: 4 hours agoSupply-Chain Security: Cyberattacks on internet-connected refrigeration systems have spread to UK food suppliers, with hackers changing fridge settings and risking spoiled food; the UK’s National Cyber Security Centre says vulnerable technology has been exploited. Food-Tech Investment: Onego Bio is seeking more time to secure land in Jefferson County after its USDA-backed lender was removed from the approved list, delaying plans for its food-ingredient project. Brewery Deal: Sazerac has acquired Hood River’s Full Sail Brewing, adding brewing capacity to its portfolio; pub staff say they were laid off shortly after the sale. Global Expansion: KFC passed 35,000 restaurants after opening 878 in the third quarter, and Yum Brands expects 2026 to be a record year for new locations. Restaurant Recovery: Taco Bell’s U.S. same-store sales fell 4% in the third quarter amid concerns over a summer Cyclospora outbreak, but Yum says sales strengthened week by week and have since outperformed the wider quick-service sector. Coffee Capacity: Swiss Water reported third-quarter revenue up 5% and processed volumes up 16%, and plans a 15% capacity expansion in the first half of 2027.
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