Diageo has formed a strategic joint venture to gain majority ownership interest in Lobos 1707 Tequila in exchange for Cîroc Ultra-Premium Vodka’s North American brand rights.
Hormel Foods is replacing its supply chain leader as group vice president of supply chain Steve Lykken leaves the company to pursue another opportunity.
The generative AI frenzy is hard to ignore, but as many early tests fall short, companies are increasingly looking for solid proof of its real-world impact.