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Posts Tagged ‘supply chain’

Coronavirus outbreak leads to beef production cuts at Cargill plant in Canada that supplies McDonald’s patties

The plant is “built around efficiency,” keeping workers in close quarters and making it impossible to social distance, Cargill says

Smithfield Foods, Inc. recently closed a major pork processing plant in South Dakota, after workers were sickened with coronavirus in what has since become an outbreak hotspot.

Now, U.S.-owned Cargill is cutting production at one ...

Canada PM Justin Trudeau says country has signed with Amazon for medical supply distribution in COVID-19 crisis

Canada's prime minister Justin Trudeau says the country has signed an agreement with Amazon.com for the distribution of critical emergency medical supplies such as masks, face shields, gowns, ventilators, and test kits in the COVID-19 crisis.

Prime Minister Trudeau says the federal government has a deal with Amazon Canada to distribute personal ...

As the new year beckons European investors start moving into new roles

As the Holiday Season approaches, new jobs for players in the tech ecosystem beckon. And this is no less true for investors. Two notable moves have recently happened that are worthy of note in the European scene. The first is that GR Capital, a pan-European VC, is opening an office in London and has lured ...

Meet Bespoke Financial, a lender for cannabis companies backed by Snoop Dogg’s Casa Verde Capital

Bespoke Financial wants to provide cannabis businesses with the same kind of financial services that other businesses get, but that dispensaries and growers can’t yet access. The regulations around cannabis operations are so stringent at the local level — and so nebulous at the federal level — that national banks won’t give businesses in the ...

TruTag raises $7.5 million Series C for tiny, edible barcodes that can be placed on pills, food and vaping systems

TruTag Technologies, a company that creates microscopic, edible barcodes to authenticate medications, food, vaping pods and other products, has raised a $7.5 million Series C. The funding, led by Pangaea Ventures and Happiness Capital, will be used to further commercialize its technology and develop new solutions. Along with earlier rounds, this brings TruTag’s total funding ...

Walmart’s Flipkart confirms it is entering the food retail business in India

India’s Flipkart is entering the food retail business as the e-commerce giant looks to expand its reach in the nation, its chief executive said on Tuesday. Flipkart, which sold majority stake in the company to Walmart for $16 billion last year, has registered an entity called ‘Flipkart Farmermart Pvt Ltd’ — in compliance with local ...

Lab-grown meat could be on store shelves by 2022, thanks to Future Meat Technologies

Are consumers ready for meat grown in a lab? Companies like Memphis Meats, Aleph Farms, Higher Steaks, Mosa Meat and Meatable are all trying to bring to supermarkets around the world meat made from cultivated animal cells, but the problem has always been the cost.  Now, Future Meat Technologies has raised $14 million in new ...

Reefknot Investments launches $50 million fund to invest in logistics and supply chain startups

Reefknot Investments, a joint venture between Temasek, Singapore’s sovereign fund, and global logistics company Kuehne + Nagel, announced today the launch of a $50 million fund for logistics and supply chain startups. The firm is based in Singapore, but will look for companies around the world that are raising their Series A or B rounds. ...

YC-backed Eden Farm wants to cut out the middlemen between farmers and restaurants in Indonesia

Eden Farm is a startup with the ambitious goal of building a food distribution network for Indonesia, where many restaurants currently rely on markets for fresh ingredients. But this means high markups and unreliable supplies for restaurant owners and lower profits for farmers, co-founder and CEO David Gunawan tells TechCrunch. The company, part of Y ...

UK to toughen telecoms security controls to shrink 5G risks

Amid ongoing concerns about security risks posed by the involvement of Chinese tech giant Huawei in 5G supply, the U.K. government has published a review of the telecoms supply chain, which concludes that policy and regulation in enforcing network security needs to be significantly strengthened to address concerns. However, it continues to hold off on ...