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Twenty-twenty was an eventful year to say the least. As the tumultuous year comes to a close, the world is still reeling from the deadly Covid-19 pandemic, which has impacted every aspect of life and business.

But there was more to this year than disease and strife. Big deals were done, innovations launched, and progress towards sustainability was made.

To read the roundup of the most important stories of the year, published in PKN's Nov-Dec 2020 issue, click here.

Food & Drink Business

The snack food landscape is changing in Australia. Ingredient lists, long dominated by ultra-processed foods (UPFs), are under ever-increasing scrutiny by experts and consumers alike. As regulation looks to catch up, brands and industry swing between competition and opportunity. Adam Elharte from snack bar company, Viva Perfetto writes.

Wide Open Agriculture (WOA) has released independent CSIRO testing of its lupin kernel fibre as it looks to turn a by-product of its protein process into a second saleable ingredient. The move will shore up the manufacturing model it is currently rebuilding.

Bubs Australia recorded 9.2 per cent revenue growth in FY26, driven by a 24 per cent increase in its US business, but higher airfreight, regulatory and tariff costs pushed the infant nutrition company to an EBITDA loss of $1.8 million.