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SUPPLY SCAN

NEWS FROM ACROSS THE FOOD SUPPLY CHAIN Daily Updates at FoodLogistics.com

STEEL KING INTRODUCES DURABLE, ENGINEERED DRIVE-IN RACK SYSTEMS

Steel King Industries Inc. recently introduced the Drive-In Rack Systems, a new service that delivers cost-effective storage in high-density storage applications. Requiring fewer aisles and providing better cube utilization than selective racks, drive-in and drive-thru racking allows users to store 75 percent more pallets than selective racking. Forklifts drive directly into the rack, allowing storage of two or more pallets deep. Flared drive-in support rails help forklift drivers enter the pallet rack by guiding the pallet into the bay. A drive-in pallet rack system uses the same entry and exit point for each storage bay, providing last in, first out access. The system loads on one side and unloads from another for a first in, first out flow. Since the system is often used in high turnover areas and operated in close proximity to forklift traffic, drive-in and drive-thru racks are prone to greater wear and tear than other rack structures. Steel King’s drive-in rack system is engineered and manufactured to better withstand this wear. The system features unlimited storage depth and is ideal for high-traffic and cooler/ freezer installations. The company offers an optional offset leg design for easier handling of pallets, and the welded frame construction delivers high rigidity and strength.

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FOOD LOGISTICS | AUGUST 2018

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CONSUMER GOODS DEALMAKING REACHES 15-YEAR HIGH

Facing competition from upstart brands, consumer giants are buying growth where it can’t be created, reaching a 15-year high last year on dealmaking. Deals in consumer goods rose 45 percent over 2017, with the value of deals rising 190 percent, according to a survey from OC&C Strategy Consultants. The deals reflect an array of strategies, CNBC reports. Some companies are investing in digital companies, while others are emerging in trendy categories like organic food. The OC&C survey analyzed the top 50 international consumer goods companies based on their 2017 sales. Last year, 10 of the 23 food and drink companies had declining revenue, but the beer and spirits category fared better. According to the report, consumer companies had 2.6 percent growth last year, while volume rose 0.6 percent. With the boost from dealmaking, companies grew sales 5.7 percent.

STARBUCKS, MCDONALD’S UNITE FOR SUSTAINABLE CUPS

Usually seen as competitors, Starbucks and McDonald’s are uniting to create a fully recyclable compostable cup, Fast Company reports. Within the next three years, the multi-billion-dollar global giants are aiming to include not just a cup, but a lid and straw to go along with it as well. The companies have been in talks to partner on various sustainability initiatives for several years, but the opportunity finally came after Starbucks launched the NextGen Cup Challenge. The challenge, which will begin in September, invites entrepreneurs to develop materials and designs to replace traditional cups. Winners of the challenge will be enrolled in an accelerator program and could receive up to $1 million in funding, Fast Company reports. OpenIDEO, an online innovation platform, will run the competition, and the accelerator companies will work closely with McDonald’s and Starbucks to develop cup technologies that are able to handle real-world use and scale.

www.foodlogistics.com

8/2/18 6:31 PM

Profile for Supply+Demand Chain/Food Logistics

Food Logistics August 2018  

Food Logistics is the only publication exclusively dedicated to covering the movement of product through the global food and beverage supply...

Food Logistics August 2018  

Food Logistics is the only publication exclusively dedicated to covering the movement of product through the global food and beverage supply...