Australian eco-packaging pioneer Hero Packaging has reached its global crowdfunding goals, with $1.5 million already raised, to be used to scale up its North American operations. 

“We have a strong business community already behind us, and now our customers have joined our mission to reduce single-use plastic packaging globally through our crowdfunding campaign,” said Anaita Sarkar, co-founder of Hero Packaging.

“In just three short years we have helped to eliminate plastic from our shipping process with our home-compostable shipping mailers to 40,000 customers worldwide, and this investment will help scale the business at a rapid pace.”

“We’ve been blown away by the response so far, and we are excited to strengthen the business by growing our passionate North American team, giving us the opportunity to bring the best eco-friendly packaging solutions to new customers, and have an even greater impact.

“The US e-commerce market is an $800 billion dollar sector, and the sustainable packaging market is less mature compared to Australia, providing huge growth opportunities for eco-friendly packaging solutions,” she added.

Food & Drink Business

While quick service restaurants are not part of Food & Drink Business’ remit, we couldn’t resist this bit of good news. McDonald’s Australia and its long-term supply chain partner, Martin Brower Australia have launched its first electric delivery truck.

Global food and beverage solutions company, Tate & Lyle, has acquired nature-based ingredients company CP Kelco for US$1.8 billion on a cash-free, debt-free basis. Tate & Lyle said the deal will “significantly accelerate” its growth plans.   

While it’s common knowledge that a well-marbled steak makes for tastier eating, there’s no official international measure for what constitutes quality meat. MEQ CEO, Remo Carbone, puts the case for establishing a global standard to grade red meat.