• The Produce Marketing Association (PMA) is teaming up with the Partnership for a Healthier America (PHA) to launch the COVID-19 Fresh Food Fund, which will "provide a sustainable and tangible solution to help the nation address one of its most enduring challenges: food insecurity."
According to the announcement, "1 in every 9 people in the United States struggles with hunger, and the COVID-19 pandemic has only exacerbated the situation for those at risk. The COVID-19 Fresh Food Fund will provide a direct answer to the nation’s food insecurity challenge by providing access to healthy food. The program will provide 22-lb boxes of fresh fruits and vegetables, enough to provide the daily recommended serving requirements for a family of four for a week."
The program will launch first in Denver, Colorado with $150,000 in initial funding from Novo Nordisk and an anonymous funder.
“PMA is honored to collaborate with the PHA to help reduce food waste, address hunger, and improve health and wellness at a time when one of our most basic human needs—access to fresh fruits and vegetables – is being threatened by disruptions caused by the pandemic. We are also fortunate to have our strategic partners at Brighter Bites lend their expertise and distribution networks to this great cause,” said PMA CEO Cathy Burns. “We remain driven to growing a healthier world and the COVID-19 Fresh Food Fund is one way to do this.”
• CNBC reports that PepsiCo reported fiscal first-quarter net income of $1.34 billion, down from $1.41 billion. Net sales rose 7.7 percent to $13.88 billion.
The story notes that "Pepsi also said Tuesday that it has closed its $3.85 billion acquisition of Rockstar Energy, freeing up the company to make distribution deals with other energy drink makers. The company said that it has signed an exclusive U.S. distribution deal with Vital Pharmaceuticals, which makes the fast-growing Bang performance energy drinks."