Broad Street Licensing Group Food News
Government Regulation in the Food Biz
- While Wal-Mart’s Mexico operations were the darling of growth, the Bentonville Behemoth is now squarely in the crosshairs of the NY Times. An exposé on April 22, 2012 accuses the company of bribing Mexican officials, and corporate regulators of having swept the matter under the rug. With over 2,000 supercenters, Sam’s Clubs and bodegas across the country, Wal-Mart is not only the largest retailer but also the country’s largest employer. Worldwide the company has 9,800 stores and sales of $419bn (up 3.4% in the fiscal year ending January 2012).
- You may not be lying awake at night worrying about nanotechnology in the food supply, but the government has been pondering it, and the Food & Drug Administration (FDA) is working on draft guidelines for the use of nanos in food & beverages. Since very few understand the implications of these particles so small they can’t be seen with an ordinary microscope, the agency is asking manufacturers to consult with them before going ahead. Nanotechnology has been suggested as a means for delivering nutrients or in preventing microbes in packaging, but may be inhaled and create health problems in humans and animals.