On November 3, Amazon announced that it would discontinue its Amazon Fresh grocery delivery service to regions in nine states. While the service will still operate in major markets such as New York City, Chicago, and Los Angeles, it will no longer be available in the rest of New York, California, and seven other states.
In September, China and Israel signed a $300 million ‘clean tech’ trade deal that, among other things, would allow Israeli food tech startups to sell lab-grown meat in the country when it becomes available. As the consumer of 28% of the world’s meat, China would inch closer to its goal of cutting meat consumption in
As more and more individuals undergo genetic testing to discover their DNA ancestry and genetic health, Ancestry’s repository of DNA information, and the repositories of other companies in the direct-to-consumer genetic testing industry, will continue to grow. This raises some privacy concerns about the use of DNA information stored in these companies’ databases. DNA Testing
For companies investing in, or considering investing in, the DNA at-home testing kit market, there is both high value and high risk. We see this by the growing demand in DNA ancestry, and with the high number of DNA genealogy patent infringement lawsuits.
Food and beverage companies’ search for new sugar alternatives is on the rise. Demand for sugar falls as increasingly-aware consumers attempt to avoid its health pitfalls.
Amazon knows that food delivery e-commerce is the place to be, as demonstrated their Whole Foods acquisition and other recent moves. They aren’t the only ones trending in this direction. Innovation in e-commerce food delivery is moving quickly.