PLAY PKN: Video News Bulletin 16 April

In the news this week: Visy, Woolworths, Detpak, Nestle, Smarties, Hasbro, Bondi Sands, ABA, AIP, PIDA.

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Food & Drink Business

The federal government has committed an additional $387.4 million to CSIRO over four years, but the agency has confirmed its restructure – including a reduction of 300 to 350 full-time equivalent roles and closure of its food science division – will proceed regardless.

The World Drinks Awards has revealed its Gin medallists and country winners for 2026 – with Australia standing tall. Broken Hill Distillery, Callington Mill Distillery, and Never Never Distilling all had standout achievements.

Data from inventory management software provider, Unleashed, drawn from more than 600 Australian manufacturing firms, found local food and beverage manufacturers recorded significant revenue declines in the first quarter of 2026, with purchase orders cut sharply across both sectors as the Iran conflict rattled global supply chains and cost pressures intensified.