#Food industry

Unilever and McCormick are set to merge their food divisions, creating a $29.1 billion powerhouse. This major consolidation reflects Unilever's strategic pivot and broader trends in the food sector.

The "dry dining" trend, driven by Gen Z and millennials embracing sobriety for health and financial reasons, is forcing restaurants to innovate beyond high-margin alcohol sales, with mocktails and alternative social gatherings gaining traction.