- Global food security has suffered during recent years as the COVID-19 pandemic and international conflicts have challenged existing trade agreements and the infrastructure serving them
- Interruptions to infant and baby food supply chains have gained particular attention from consumers amid ongoing shortages on store shelves
- Plant-based foods investment company Eat Well Investment Group Inc. is focused on strengthening food security with natural food products, including high-quality, natural baby food supplies
- As part of the company’s efforts to shore up its operations, Eat Well recently announced that its vice president of finance, Patrick Dunn, will be promoted to Chief Financial Officer, bringing significant experience in building highly successful agribusinesses
The complex challenges parents deal with in caring for and feeding their young children came into sharp focus with the outbreak of the COVID-19 pandemic as public gathering restrictions, business staffing, revenue challenges, supply chain interruptions, war and environmental impairment of food production, exacted a toll on consumers with babies and toddlers (https://nnw.fm/IhbpK).
Some positive news emerged this month as a key U.S. baby formula factory announced it was resuming production after interruptions due to sanitization and environmental destruction (https://nnw.fm/rD7HN). Market firm IRI reported formula availability on store shelves dropped to its lowest level so far this year but the federal government continues trying to blunt the shortage by securing repeated flights of formula from overseas (https://nnw.fm/o7Qe6). In addition, Alabama (https://nnw.fm/vWJGF) (https://ibn.fm/yCT28) and Utah (https://nnw.fm/c6hTT) were among states announcing new financial incentives for childcare workers.
But among young children who have progressed to eating more fibrous and chewable foods, another report raised concerns that have become an issue each year for the U.S. Food and Drug Administration (“FDA”) — the presence of toxic arsenic, cadmium, and lead in many baby foods — particularly cereals and puffed snacks (https://nnw.fm/DLNPP).
A multi-state coalition of attorneys general is asking the FDA and the Department of Agriculture to step up their efforts to eliminate toxic heavy metals from baby food (https://nnw.fm/GMIYh).
Plant-based foods investment company Eat Well Investment Group (CSE: EWG) (OTC: EWGFF) has made its corporate focus the production of quality, highly affordable, nutritious and delicious foods, including baby foods and snacks.
“More and more parents and families are looking for healthier, more nutritious and affordable plant-based foods for their babies and toddlers. We are continuing to expand our distribution channels and will drive step changes in 2022 and beyond,” the CEO and founder of Eat Well’s subsidiary Amara Organic Foods, Jessica Sturzenegger, stated earlier this year (https://nnw.fm/poByr).
Eat Well is strengthening its overall profile, completing the 100 percent acquisition of plant-based food and food-tech creator Sapientia this month (https://nnw.fm/SOlQh). To further strengthen the company’s efforts to improve global food security, Eat Well recently named a new chief financial officer — elevating its vice president of finance, Patrick Dunn, to succeed Nick Demare (https://nnw.fm/ApPjq).
Dunn will also join the board of directors, bringing experience in investing in, building, and scaling plant-based food companies across international jurisdictions. Demare will transition to the company’s corporate secretary.
According to the company’s news release about the transition, Dunn “is an experienced senior executive with a proven track record of investing in and building highly successful agribusinesses throughout North America, including his role with Verdient Foods Inc., in which he helped conceive, finance, and build one of the largest fractionation facilities in North America.”
For more information, visit the company’s website at www.EatWellGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to EWGFF are available in the company’s newsroom at https://nnw.fm/EWGFF
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