Taste Radio

BevNET Inc.
Taste Radio

The top podcast for anyone building a business in food or beverage, BevNET’s Taste Radio features interviews with the leaders and rising stars of our fast-evolving industry. The shows also include discussion on emerging trends, innovation and news of the week from our regular cadre of hosts from the BevNET and NOSH teams. Tell us what you think at ask@tasteradio.com. You can also email us if you are interested in Taste Radio sponsorship opportunities. And if you like the podcast, share it with a colleague, will ya?

  1. How Biena’s ‘Risky Decisions’ Yielded Big Dividends

    4 HR. AGO

    How Biena’s ‘Risky Decisions’ Yielded Big Dividends

    Biena was at a crossroads. Five years ago, the brand’s popular roasted chickpeas were widely distributed at natural and conventional grocery chains, including Walmart, Whole Foods and Target, and the brand was making significant headway in travel retail stores. That year, Biena also completed an $8 million Series B funding round and launched an innovative line of chickpea puffs that helped establish the company as a snacking platform.  The pandemic, however, forced founder Poorvi Patodia to adjust its growth strategy. Biena was faced with declining margins and retail channels that were once promising but now unprofitable. Patodia had to make, in her words, “risky decisions.” Biena may have changed course, but its focus on financial fundamentals and mainstream consumer appeal helped the brand remain on a sustainable and long-term growth path. In this episode, Poorvi talks about how Biena navigated the challenging period and how a “build to win” philosophy influenced key decisions during the process. She also defines and explains the value of “true differentiation,” why the company is pursuing a dual platform strategy and shares her take on when founders should raise capital and how to identify distributors with aligned values. Show notes: 0:35: Poorvi Patodia, Founder & CEO, Biena — Poorvi talks about judging a pitch slam hosted by Naturally New England, Biena’s unexpected appearance in a Kristen Bell-led TV show, and why her family keeps her grounded amid the pressures of operating a food business. She also offers her take on PepsiCo’s acquisition of Siete and how differentiated brand attributes and mainstream appeal have been key to its success. Poorvi also discusses why Biena re-evaluated every approach and strategy associated with the business during a challenging time for the brand, the data and consumer insights that informed a new platform strategy, and why the company’s chip line is focused on functionality and calories versus ingredients. She also explains the importance of testing and learning in small ways, having enough cash on hand and why founders shouldn’t worry about margin when choosing a distribution partner. Brands in this episode: Biena, Siete, RXBAR, David

    44 min
  2. Even After A $600M Exit, Peter Rahal Isn’t Satisfied. The Truth Is, He May Never Be.

    OCT 14

    Even After A $600M Exit, Peter Rahal Isn’t Satisfied. The Truth Is, He May Never Be.

    How do you top a $600 million exit? If you’re Peter Rahal, you aim for one that’s four times bigger. Anything less, he says, would be a failure.  Peter is one of the co-founders of RXBAR, a platform brand of clean ingredient protein snacks created in 2013. Four years after the brand’s debut, it was acquired by Kellogg for the aforementioned nine figure sum. Earlier this year, Peter launched David, which is positioned as “a rigorously perfected protein bar.” Each bar contains 28g protein, 150 calories, and 0g sugar and is described as containing the most protein per calorie of any brand in the bar category. The products are sold direct-to-consumer for $15 for a 4-pack of each flavor, which include Blueberry Pie, Chocolate Chip Cookie Dough, Double Fudge Brownie, and Cake Batter. In August the company announced a $10 million seed funding round, led by Peter and including Valor Siren Ventures along with longevity expert and bestselling author Dr. Peter Attia and Stanford neuroscientist and podcast host Andrew Huberman.  In an interview framed as a series of true or false questions, Peter discusses his obsessive work ethic and leadership style and reflects on the business strategy and decisions that helped RXBAR scale rapidly, including the impact of investing in high quality packaging design and customer service. He talks about how to create “the best business strategy” and what he means when he says that happiness is “irrelevant.” Show notes: 0:35: Peter Rahal, Co-Founder, RXBAR & David – Peter explains why, despite having an introverted personality, he tries to be visible and accessible as a founder, whether he’s become comfortable with success and why he doesn’t necessarily believe that RXBAR’s success has to do with time and place. He also discusses his disdain for vacations, why he’s a proponent of “servant leadership,” why great packaging is the best form of marketing and why investment in customer service will always pay off. Peter also talks about why founders should strive to create accessible and affordable food and why they have to place a target on the bestselling brand in their brand’s category and why his investment strategy hinges on a founder’s tenacity and mindset. Brands in this episode: RXBAR, David

    33 min
  3. OCT 8

    How The Subtle Art Of Innovation Is Expressed By An Iconic Brand

    For the first 65 years of its existence, Maker’s Mark had no innovation department. The legacy whiskey brand, known for its red wax coated bottle necks and premium, yet approachable, bourbon, had long focused on quality and consistency in favor of new product development. The spirits industry, however, is evolving. Consumers are placing greater value on innovative concepts and embracing creative offerings. Meanwhile, Gen Z drinkers are consuming less alcohol than previous generations, but also emphasizing premium experiences when they imbibe. To meet the demands of equally important consumer groups – loyal Maker’s Mark customers and modern drinkers new to the brand – the company tasked Beth Buckner, the brand’s senior manager of innovation and blending, and Blake Layfield, its senior director and head of innovation, blending and quality, with the stewardship of the bourbon’s coveted taste profile and creation of products that will attract novel interest. We sat down with Beth and Blake for an interview that explores their roles and responsibilities and how the standards set by Maker’s Mark founder Bill Samuels, Sr. are integral to new product development. As part of our conversation, they discuss a common misconception about science and spirits, how a “taste vision” is the foundation for everything they do at Maker’s Mark and why they eschew trendy concepts in favor of nuanced expressions of the bourbon. Show notes: 0:35: Beth Buckner and Blake Layfield, Maker’s Mark – Beth and Blake talk about their respective educations and work at Maker’s Mark and how they align the chemistry of distillation and aging with the subjective and sensorial aspects of producing bourbon. They also discuss how the distillery’s “taste vision” influences their work as product developers and quality control professionals and how much  latitude they give themselves if and when they want to veer slightly away from that vision. Beth and Blake also explain where they draw inspiration from; how they are empowered to innovate while incorporating the perspective of the distilling, marketing and sales teams; how trends and consumer behavior factor into their purview and how they are making their own mark at Maker’s Mark. Brands in this episode: Maker’s Mark, Jack Daniel’s, Coca-Cola

    35 min
  4. OCT 3

    What Does Siete’s Billion-Dollar Deal Mean For Your Brand?

    What is the impact of PepsiCo’s $1.2 billion acquisition of Siete Foods on emerging food and beverage brands? Will the deal entice investors to make more bets on new and innovative concepts? Will everyday Americans benefit from the deal? Lots of questions, and the hosts answer them all.  They also discuss upcoming Taste Radio meetups in London (and how to register for them), a budding partnership between nutritional supplement brand AG1 and Starbucks and sample several new products, including an olive-oil-infused granola, royally-named pretzel bites and “super” non-alcoholic aperitivo. Show notes: 0:25: Ray’s Intro Voice. What A Trip. Siete Stuns. Haters Be Gone. Green Juice, Redux. King Me. Good To See You Peepal. – The episode opens with a misunderstanding about the U.K and Great Britain and an invitation to our English- and European-based friends and colleagues. The hosts also dive into the PepsiCo/Siete deal and why most are praising the soda and snack giant’s acquisition of the Mexican-American food brand, while others are greeting the news with a mild amount of skepticism. They also unpack Starbucks’ test of AG1-infused beverages, and sample a Graza/RIND collaboration, an NYC classic made for modern times, a 70’s themed drink and a coffee made for active consumers. Brands in this episode: Trip, Dash, King's Hawaiian, Casamara Club Superclasico, RIND, Graza, Aura Bora, Throne Sport Coffee, Peepal People

    37 min
  5. Jeff Church’s Tale Of Two Brands. Why Suja Soared And Rowdy Energy Crashed.

    OCT 1

    Jeff Church’s Tale Of Two Brands. Why Suja Soared And Rowdy Energy Crashed.

    Jeff Church knows the highs and lows of brand-building like few do.  A serial entrepreneur, Jeff co-founded cold-pressed juice pioneer Suja and led its development to a $100 million brand. Jeff also lost over $4 million of his own money in Rowdy Energy, a now defunct energy drink challenger he co-founded with NASCAR driver Kyle Busch. Jeff’s experience and perspective on how brands succeed – and the reason they don’t – is why we asked him to join us for a live interview as part of an industry networking event in San Diego hosted by BevNET and Taste Radio on Sept. 25. As part of an expansive conversation, Jeff spoke about how he navigated Suja’s early development and rapid growth and what he believes was the most impactful decision in determining the brand’s success. He also discussed the failure of Rowdy Energy, which launched in 2020 and shut down less than four years later.  Jeff, who currently leads an accelerator program for emerging brands, also shared his take on the current landscape for early-stage food and beverage companies, weighing in on the value of innovation, high quality package design, profitability and staffing. Show notes: 0:35: Jeff Church, Co-Founder & Former CEO, Suja – Jeff chats about his background in the beverage industry and why he has focused on building and working with startups. He also talks about the most challenging aspect of operating a food or beverage brand in the first two years of its development, why it’s critical to “over communicate” with family members about the hardships of entrepreneurship and why he crafts a business strategy by “starting from where you want to get to and working backwards.” He also talks about how skill sets of a brand founder are significantly different from that of a brand manager and why he encourages a “fake it till you make it” mindset. Jeff also discusses the problems that led to Rowdy Energy’s demise and why he believes that success is 25% luck and timing, before he answers a series of true or false questions related to early-stage entrepreneurship. Brands in this episode: Suja, Rowdy Energy, Blueprint, Evolution Fresh, Pop & Bottle

    31 min
4.9
out of 5
198 Ratings

About

The top podcast for anyone building a business in food or beverage, BevNET’s Taste Radio features interviews with the leaders and rising stars of our fast-evolving industry. The shows also include discussion on emerging trends, innovation and news of the week from our regular cadre of hosts from the BevNET and NOSH teams. Tell us what you think at ask@tasteradio.com. You can also email us if you are interested in Taste Radio sponsorship opportunities. And if you like the podcast, share it with a colleague, will ya?

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