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Inflation and economic headwinds deriving from the war in Europe

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Inflation and economic headwinds deriving from the war in Europe and the continued impact of the global pandemic have caused much uncertainty in 2023. We believe that by implementing effective planning strategies, businesses can remain competitive in the face of these difficult economic conditions.

These strategies include:

1. Developing a clear, strategic vision – Establishing a clear vision of the future allows organizations to focus their efforts on achieving their goals. This can help identify opportunities and challenges, as well as providing direction for decisions that are made.

2. Making strategic investments – Investing in capital and resources can help businesses remain competitive and meet their objectives. This includes investing in research and development, new technology, and new talent.

3. Optimizing operations – Streamlining processes, improving efficiency, and leveraging technology can help businesses maximize their resources and ensure they are operating at maximum efficiency.

4. Creating a flexible infrastructure – Building an infrastructure that is agile and responsive to changing market conditions can help businesses remain competitive in a volatile environment. This includes creating a flexible production system and workforce.

5. Utilizing data and analytics – Data-driven decisions can help businesses gain a competitive edge. This includes analyzing customer data to identify trends and insights, as well as leveraging predictive analytics to anticipate future market conditions.

6. Developing a culture of innovation – Encouraging a culture

Multinational Corporation and Several Individuals Charged

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Multinational Corporation and Several Individuals Charged with Multimillion-Dollar Organic Grain Fraud Scheme

Two Dubai-based companies and several individuals were recently charged in an unsealed indictment in the District of Maryland for their role in a multimillion-dollar scheme to export non-organic grain to the U.S. Sold as certified organic grain.
Dubai-based Hakan Agro DMCC and Hakan Organics DMCC, as well as Goksal Beyaz, Nuray Beyaz and Mustafa Cakiroglu from Turkey, are charged with conspiracy, smuggling and wire fraud. Hakan Agro and Hakan Organics debuted on January 5 in the Maryland District.

The indictment alleges that between November 2015 and May 2017, the defendants implemented a scheme in which Hakan Agro, Hakan Organics and affiliates purchased non-organic soybeans and corn from Eastern Europe and shipped them to the U.S. as “organic”
This arrangement enabled the defendants to charge the higher prices associated with organic grains. Organic grains are typically 50% more expensive than conventional (i.e. non-organic) grains.

Among other things, the indictment alleges the following wrongdoings:
In late 2015, defendants purchased non-organic, non-GMO soybeans from Ukraine at a price of $423 per ton. Defendants then arranged for the same soybeans to be shipped to Baltimore, Maryland, where they were sold as “organic soybeans” at a price of $614 per ton, for a total value of more than $4.9 million.

In early 2016, the defendants arranged to purchase non-organic corn at a price of $168 per ton and ship it to Constanta, Romania. At the same time, they arranged to sell the same corn from Constanta to Baltimore as “organic corn” at $247/metric ton. Bills for the mislabeled corn totaled more than $3.3 million.
In late 2016, defendants shipped 16,250 tons of non-organic soybeans falsely labelled “organic” from Turkey to the U.S. and sold them for more than $10 million
In early 2017, the defendants arranged for the shipment of 21,000 tons of non-organic corn to the United States and falsely labelled it as organic. Mislabeled corn bills totalled more than $6.7 million.
In early 2017, the defendants arranged to have a shipment of non-organic soybeans shipped from Turkey to Baltimore and pass them off as “organic” soybeans.
Wire fraud and smuggling carry a maximum penalty of 20 years in prison. Conspiracy carries a maximum penalty of five years in prison. After sentencing, a federal district court judge will determine each defendant’s sentence after considering U.S. sentencing guidelines and other legal factors.

USDA’s Office of the Inspector General to investigate the case

Lead trial attorney Adam Cullman of the Environmental Crimes Division of the Department of Environment and Natural Resources and Assistant U.S. Attorney LaRai Everett for the District of Maryland are prosecuting the case.

Allegations are just allegations. All defendants are presumed innocent until proven guilty in court.

Superfood Supplement Brand Ancient Nutrition Unveils Innovative New Organic SuperGreens Line-Up

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Ancient Nutrition is announcing the launch of new Organic SuperGreens formulations in powder, tablets and gummy formats. This new product lineup packs up to 25+ superfoods (including certified organic greens) that are developed with proprietary blends to deliver detoxification & pH balance, energy† and nutrient boosts. The new product line extension is designed to offer an innovative new approach to green superfood formulas, in convenient consumer-first formats, including:
• Organic SuperGreens + Organic Multivitamin in powder and tablets
• Organic SuperGreens Energizer† in powder and tablets
• Organic SuperGreens Alkalize & Detox† powder
• Organic SuperGreens + Organic Collagen powder
• Organic SuperGreens Gummies
“In addition to the incredible organic superfoods found in our original Organic SuperGreens, the new Organic SuperGreens formulations provide powerful superfoods that target specific wellness goals,” said Founder and CEO of Ancient Nutrition, Jordan Rubin.  “What I love most about these new blends is that you can get your greens any way you want, including “first-ever” combinations with rare and exotic superfood ingredients designed to supercharge your body to achieve your health and fitness goals.”

Consumers can now take their greens routine up a notch with one of these new formulations:

Organic SuperGreens + Multivitamin features 22 essential vitamins and minerals that are sourced from real organic food ingredients to help you fill in the nutrient gaps in your diet.

Organic SuperGreens Energizer† includes a proprietary Energy† Blend with ingredients like green tea leaf, yerba mate and ashwagandha to help you stay energized and fight fatigue.†

Organic SuperGreens Alkalize & Detox† has a proprietary Detox† Blend that includes alkalizing superfoods like apple cider vinegar, milk thistle and spirulina plus a probiotic to help you digest and detox.†

Organic SuperGreens + Collagen is made with a proprietary Organic Eggshell Membrane Collagen source that supports your joints, gut and skin health.†

Organic SuperGreens Gummies packs 15 organic fruits and veggies into delicious gummies that are perfect for adults and kids 4+.

In addition, two of the new formulas are also available in tablet form. The Organic SuperGreens + Multivitamin tablets and Organic SuperGreens Energizer† tablets include a Regenerative Organic Fermented Superfood Blend with key ingredients grown on Ancient Nutrition’s regenerative organic farm in Summertown, Tennessee. Ancient Nutrition is changing the future of farming with regenerative practices that build soil, capture carbon, transform the environment and much more.

Amazon Announced 18,000 Jobs Cut

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The plan to cut more than 18,000 jobs, was announced on Jan. 4 message from Amazon CEO Andy Jassy to employees.

Jassy said that in addition to economic uncertainty, another factor contributing to the layoffs was Amazon’s rapid hiring, which it has undertaken in recent years to meet increased demand during the pandemic.

The last major hiring surge occurred in October 2022. In preparation for the holidays, the company is looking to fill 150,000 open positions across its packaging, order picking, sortation and shipping operations.

The hiring surge comes after the retail giant’s revenue fell in the third quarter. Amazon reported net income fell to $2.9 billion, or 28 cents per diluted share, in the quarter that ended Sept. 30, compared with $3.2 billion, or 31 cents per diluted share, in the third quarter of 2021. Operating income fell to $2.5 billion, compared with $4.9 billion a year earlier. The North American segment had an operating loss of $400 million compared with an operating profit of $900 million a year earlier.

“We want to find the right balance between making long-term investments for our customers, improving operational efficiency, and doing more with less,” Brian Olsavsky, Amazon’s senior vice president and chief financial officer, said on the company’s third-quarter earnings call.

In November 2022, Amazon eliminated several jobs in its devices and books divisions and announced voluntary pay cuts for some employees in its PXT organization. At the time, Jassy warned of further job cuts in early 2023.

“These changes will help us pursue long-term opportunities with a stronger cost structure; however, I am also optimistic that unless we hire big names and cut some roles, we will be creative, imaginative and scrappy during this time,” Jassy wrote in his Jan. 4 message. “Long-term companies go through different phases. They’re not in blockbuster mode every year.”

Amazon has not notified employees affected by the latest round of layoffs.

“Typically, we wait to communicate these findings until we can speak to those directly affected,” Jassy wrote. “However, since one of our teammates shared this information externally, we decided it was best to share this news sooner so you can hear the details directly from me.”

Affected employees will be notified by January 18.

Jassy noted that the company will work to support those affected by providing a package that includes separation pay, transitional health insurance benefits and outside job placement assistance.

Source: Amazon, progressive grocer, Yahoo Finance

ByHeart to acquire packing company Cascadia Nutrition

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ByHeart, a next-generation baby nutrition company, announced today that it has entered into a definitive agreement to acquire Cascadia Nutrition, an FDA-registered packaging and blending facility in Portland, OR. The acquisition will serve to further ByHeart’s goal of diversifying and building resilient, high-quality infant formula production in the U.S. by achieving complete end-to-end control and oversight of product manufacturing.

ByHeart is acquiring Cascadia from the Balogh family and DPI Group, a non-profit organization dedicated to bringing transparency to the packaging process while identifying and creating job opportunities for individuals with employment barriers. Cascadia has been packaging infant formula for international brands for the past 5 years; pending FDA registration, ByHeart’s acquisition will enable the facility to begin serving the U.S. market, further strengthening the country’s resilience against future shortages. The facility’s commitment to impact and highest quality standards is closely aligned with ByHeart’s culture and values. As part of the acquisition, ByHeart will not only maintain the facility’s existing workforce but also employ members of the Balogh family, ensuring that their mission remains steadfast.

“We are very pleased to join forces with a partner who shares our vision of bringing high-quality infant formula to babies and parents everywhere, an urgency widely recognized during the current infant formula shortage. As a result of its five-year regulatory and clinical journey, ByHeart is now uniquely positioned to serve the needs of the U.S. infant formula market with the only new dedicated packaging facility, pending FDA registration,” said Ashley Balogh, President of Cascadia.

ByHeart has provided the FDA with a regulatory submission to complete the requirements for registering Cascadia for the U.S. infant formula market. In parallel, the company will begin integrating Cascadia packaging into its fully owned manufacturing supply chain and expects to resume supplying its customers with its high-quality infant formula in the second quarter of the year.

“As a company committed to parents, our goal has always been full ownership and oversight of our end-to-end manufacturing process. We managed to achieve that goal with the exception of packaging which was conducted by a reputable third-party partner while we worked towards bringing that piece in-house,” said Ron Belldegrun, CEO and co-founder. “This acquisition will enable full control over our manufacturing process so that we can deliver a product at the highest standards of quality, safety and reliability for our ByHeart families. The Cascadia acquisition represents another important step forward as we continue to expand our investments in manufacturing infrastructure, infant formula innovation, and industry-leading quality standards.”

Improve a damaged email sender’s reputation

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Once the reputation of your email senders suffers, the deliverability and overall success of your email marketing can be severely affected.

In this blog, we explore the different ways you can control sender reputation and the actions you should prioritize to drive the success of future email marketing campaigns, including checking account performance, cleaning up lists, and implementing email verification.

How to Improve Your Bad Sender’s Reputation
As Internet Service Providers (ISPs) and Mailbox Providers (MBPs) use intelligent algorithms to filter inbound email and secure inboxes, the amount of data used to assess sender reputation is growing.

This can be overwhelming for marketers when it comes to repairing the reputation of a damaged email sender. However, there are a number of actions you can take to start rebuilding your reputation and improve performance for future campaigns:

• Check your email performance over time
• Identify your problem metrics
• Check the content of the email you sent
• Clean up your email list and identify priority contacts
• Submit an event for reapproval
• Enable two-way confirmation and reCAPTCHA
• Implement verification
• Learn more about each step below.

1. Inspect your email performance over time
A sender’s reputation is built over time and it takes into account all the positive and negative aspects of your past email activities. As a marketer, it can be easy to focus on current or past campaign results. However, if you get a more complete picture of how your account is performing over time, you can see where your emails and metrics are starting to drop. You can then use this information to find ways to improve.

2. Identify your problem metrics
A successful email marketing campaign goes to the right people with the right content at the right time. Assessing the extent to which your past activities have achieved these goals can help you determine which areas you should prioritize for review.

If your email bounce rate increases, it could be a sign of low-quality contacts in your email list. Alternatively, if you notice consistently low engagement rates or an increase in spam reports or unsubscribes, this could indicate a lack of relevance in the content or timing.

3. Check your content
A lack of relevance and effective targeting can seriously impact the performance of your campaigns, which in turn can lead to a deterioration in your reputation. Aspects to check include:

Subject line – using words like free, offer, discount, and guarantee can trigger spam filters
URLs and Links – Assess the quality of all links in email copy and whether they are secure
Shortened URLs – these should be avoided as they look suspicious
Targeting – Are you effectively targeting your customers with your content? Using dynamic content can help make your campaign more relevant.

4. Clean up your list and identify priority contacts
Over time, your valuable contact list can become one of your biggest deliverability issues. If you don’t maintain and clean your lists on a regular basis, you run the risk of sending mail to inactive and unengaged subscribers, throwaway or spam addresses, and spam traps. Using a bulk email checker to remove those questionable addresses, removing completely inactive subscribers, and filtering out contacts who don’t have permission to receive your emails are just some of the ways you can improve your email list to clean it up.

Once your list is verified, you can identify your most engaged contacts. These recipients regularly open and read your emails and should be your priority contacts as you rebuild your reputation. By putting together a list of recipients, you can more easily customize your communications, which will help improve your engagement metrics.

5. Submit the event for reapproval
Since you’re focused on sending to a license-based list, it’s a good idea to start your requalification campaign. By sending this to contacts who occasionally or rarely engage in your activities but do not meet the criteria for complete removal, you are giving them new opportunities to update permissions or opt-out.

You can use this campaign to re-emphasize the value of communication and increase engagement. It will also serve as a way to further clean up your email list and prevent you from contacting irrelevant contacts in the future.

6. Enable two-way confirmation and reCAPTCHA
Adding two-way confirmation and reCAPTCHA to your registration process helps ensure you build a list of contacts that may be more active in the future. These processes also prevent spam addresses and bots from filling out your registration forms and adding questionable addresses to your list.

7. Implement email verification
Email verification tools check email addresses in real-time and tell you if they are valid, can receive incoming emails, and are likely to belong to a real person.

Most email verification products allow you to import a list of email addresses to verify, or connect them directly to your business system and register forms to verify emails as you capture them. Whichever method you choose, it pays to make it a regular part of your email marketing strategy so you can identify and address potential risks before your sender’s reputation is affected. This will also prevent you from inadvertently contacting:

• Known Spam Trap
• Disposable email address
• Spam or fraudulent addresses

These addresses are extremely difficult to detect and may be an unknown cause of email sender problems. To learn more about email verification and its benefits for email marketers,

 

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New Study Results with Magnesium Supplement Helps Reduce Stress and Improve Sleep

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Natural Vitality CALM, a leading brand in mood support and sleep supplements, announced with Biostrap Labs the results of a scientific study that measured the impact of Natural Vitality CALM Magnesium supplements on stress levels, sleep quality, and physiological function.
Study results found that over the 4-week usage period, the 65 enrolled participants reported a 15% decrease in perceived stress over an entire day. Of the 46 survey respondents, 55% reported immediate positive effects when taking Natural Vitality CALM, and 24% reported lasting positive effects.

When measured with Biostrap’s clinically reliable wrist-worn device, there was a statistically significant improvement in total sleep time and deep sleep across all participants. The largest sleep improvements were observed by “bad” sleepers (participants with low baseline Sleep Scores) who saw a nearly 4x increase in total sleep time and deep sleep vs “good sleepers” (participants with high baseline Sleep Scores). Specifically, “bad sleepers” increased total sleep time by 9 minutes and increased deep sleep by 6 minutes vs “good sleepers,” both of which are statistically significant improvements.

“We’ve been hearing anecdotally from our loyal customers for decades that they ‘can’t live without CALM’, says Russell Hayne, PhD, Senior Scientist at Natural Vitality, adding “We wanted to dive deep and obtain scientific evidence that measures the efficacy of our unique magnesium supplements.”

Magnesium is a critical mineral in our diet and plays an important role in over 300 physiological functions. However, 75% of American adults are deficient in the mineral, so supplementation is often recommended.

Using the Biostrap wrist-worn device, researchers measured relevant biometrics, such as resting heart rate and heart rate variability (HRV), respiratory rate, blood oxygen saturation, as well as sleep duration and time spent in deep sleep, a highly restorative phase of sleep.

“We wanted high-quality data, and we looked at all of the HRV wearable devices on the market,” says Haynes. “In our opinion, Biostrap is by far the most impressive because it has been clinically proven and validated by its performance in numerous published research studies.”

“Natural Vitality CALM was a product that made perfect sense to test through Biostrap Labs,” says Kerry Martin, PhD, Director of Science at Biostrap. “Many people turn to magnesium for the calming and sleep-related benefits, but oftentimes, there is doubt about whether a product works or not. This process provided data for what changes consumers may expect when taking this product.”

Martin adds that in the supplement industry, there are a lot of claims about what effects can be seen, but these claims are often built on assumptions and theory. “This process gives companies like Natural Vitality the ability to point to data that is directly due to their product.”

About the Study

The eight-week structured intervention commercial trial consisted of a two-week baseline phase of 65 participants wearing the Biostrap EVO clinically validated wrist-worn device and responding to a daily morning questionnaire. This was followed by a four-week intervention phase of continued sleep monitoring and questionnaires along with a nightly serving of the CALM magnesium supplement. The study was then wrapped up with a two-week washout phase, when participants stopped taking the supplement but continued to wear the Biostrap during sleep and fill out the morning surveys.

The team at Biostrap was responsible for participant recruitment, compliance monitoring, study protocol development, data aggregation and analysis. Upon completion of the study, the science team at Biostrap performed a thorough, unbiased, and objective analysis of the participants’ de-identified data and applied a scientific method to conclude their findings.

Basecamp Research Raises $20M Series A to Design Protein Products

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Basecamp Research Raises $20M Series A to Design Protein Products Reflecting the World’s Biodiversity.

Basecamp designs protein products that provide R&D teams access to more starting points, allow for discovering previously inaccessible proteins, and test candidates most likely to succeed. Their knowledge graph, BaseData™, is built to comprehend and recreate the collective intelligence of nature, uncovering previously unseen relationships between enzyme and protein classes. This wealth of biological information enables the startup to design “function-first,” meaning that the data science team functions independently from sequence similarity, using structure prediction only as a verification mechanism.
“At Basecamp, we know the answers to our greatest challenges can be uncovered in our environment,” said Oliver Vince, Co-Founder of Basecamp Research. “Less than one percent of the biochemistries in nature have been discovered–a fraction of that percentage has been fully characterized in the real world. Recent advances in bioinformatics, AI, and data science enable our team to map a world of untapped possibility, and we’re just getting started.”

Basecamp has built the world’s largest protein code database and uses its unique data moat to train a proprietary stack of graph learning algorithms. George Darrah, principal at Systemiq, said, “Scaling the bioeconomy is critical for unlocking efficient, local, and net zero manufacturing of chemicals, materials, foods, and pharmaceuticals. This is a multi-trillion-dollar disruption opportunity. We are excited by the Basecamp team and the mission at the heart of accelerating our transition to net zero and restoring biodiversity.”

The London-based company has collected samples from over 40 global expeditions spanning from Antarctica to the Azores. The samples include metagenomic data and over 200 environmental characteristics, including pH and taxonomy. Through Basecamp’s unique benefit-sharing model, local partners, called guardians, receive a share of customer royalties. Samples are collected in compliance with the Nagoya Protocol, with the explicit purpose of sustaining local ecosystems.

“The ability to uncover novel biochemistries depends on both data fluency and biological expertise,” said Rohit Sharma, partner at True Ventures. “By combining AI, machine learning, and metagenomics, Basecamp’s knowledge graph is a comprehensive look into biological relationships that can better our health and our planet. The possibilities for groundbreaking innovation are colossal.”

The funding will be used to expand the team, fully validate internal products, and continue building a product portfolio in industries such as pharmaceuticals, nutrition, agriculture, and consumer goods.

Basecamp Research was founded in 2019 and is headquartered in London with partnerships on three continents.

This investment will propel the company…

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This investment will propel the company to a leading position in the distribution of fresh fruits and vegetables across Canada.

Courchesne Larose Ltd. (“Courchesne Larose Group”), a leader in the Canadian fresh fruit and vegetable industry, is proud to announce a significant investment in its share capital by Sagard Private Equity Canada (“Sagard PE”), Sagard’s Canadian mid–market private equity fund, to accelerate its expansion and remain ahead of the curve.

In conjunction with the shareholders of the 3rd and 4th generations of the Routhier Monette family, as well as the management team at the Courchesne Larose Group, Sagard PE is joined in the investment by Fondaction and Roynat Equity Partners. The Courchesne Larose Group includes Aliments Bercy, Krops Imports, Marcan Packaging, Dynapro Transport, Maroc Fruit Overseas Company and Green Earth Produce Trading.

“There is a strong fit between Sagard’s reputation and profile and the entrepreneurial culture within the Courchesne Larose family. In addition, we appreciate the extensive network and investment horizon of the Sagard team. We are extremely grateful for the loyalty and hard work of the 600 employees who are part of the Courchesne Larose family. We will ensure that the family culture that has served us so well remains the foundation of our business strategy and our success, and together, we will continue to manage the company’s growth, as my father and grandfather did and as we have done, for more than a century,” stated Alain Routhier, Co–president of the Courchesne Larose Group.

“We are proud to partner with the Routhier Monette family and their history of continuous growth dating back over 100 years, a truly impressive track record. This collaboration will have a positive impact for all of the Courchesne Larose Group’s stakeholders, including its employees, customers and suppliers,” added Marie-Claude Boisvert, Partner and Head of Sagard PE.

“We are already a major distributor of fruits and vegetables in Quebec, being the only Canadian player that is vertically integrated as producer, importer and distributor. With the support of Sagard PE, we will now have the ability to replicate our business model and increase our presence in markets outside Quebec and the Maritimes, and pursue our ambitious growth plan,” specified Michel Routhier, Co-president of Courchesne Larose Group.

Advisors
In the context of this transaction, Houlihan Lokey acted as the exclusive financial advisor to the Courchesne Larose Group, while DALAROY Conseil acted as a strategic advisor to the Routhier Monette family.

Lenders
National Bank of Canada, CIBC, Scotiabank, Royal Bank of Canada, Roynat Capital, Fondaction, Solidarity Fund QFL, and Roynat Equity Partners acted as lenders in connection with this investment.

Loblaw to open four new Pharmacist-Led Health Clinics in Alberta

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Following the success of Alberta’s first pharmacist-led clinic in Lethbridge, the companie announced plans to open four additional locations in the coming weeks. The clinics will be located in traditionally underserved areas of the province – Fort Saskatchewan, Brooks, Red Deer and Edson – and will offer a range of healthcare services to patients, including assessment and treatment of common ailments and injuries.
“Initial results from the Lethbridge clinic have far exceeded our expectations, with an average of more than 40 patient visits each day. There is an obvious need for these services,” said Jeff Leger, President of Shoppers Drug Mart. “That’s why we’re opening four additional locations in Alberta, a province that truly recognizes the important role pharmacists play in the public healthcare system.”

Through their expanded scope of practice, pharmacists in Alberta can assess patients and prescribe medications for minor illnesses and injuries, administer vaccines and other medications by injection, support chronic disease management and order and receive lab results.

“The issues plaguing the Canadian healthcare system are complex and require innovation and collaboration. We believe pharmacists can play a vital role in a collective solution,” continued Leger. “Optimizing the role of the pharmacist unlocks the potential of tens of thousands of highly trained healthcare professionals across the country. And by making certain services available from a pharmacist or in a pharmacist clinic setting, we can help address some of the gaps that have emerged in primary healthcare systems, providing patients with more options and ultimately better outcomes.”

By making healthcare more accessible, pharmacist-led health clinics are one way Loblaw fulfills its purpose: Helping Canadians live life well. The clinics are part of the company’s national network of healthcare professionals and infrastructure, offering a range of in-store and virtual health services to millions of Canadians each week.