Nissin Foods is celebrating the 50th anniversary of its staple product, Top Ramen, and CEO Mike Price said the company's founding principles of bringing peace by combating hunger remain true after all those decades.
"I think we believe this today," Price told Cheddar. "If there was food readily available around the world, there would be no more wars."
Top Ramen first hit shelves in Japan following World War II as the destructive aftermath left a strain on the country's food supply. A parallel to today as food insecurity is on the rise globally, particularly amid the coronavirus pandemic. While other industries have been stifled by the pandemic, Nissin contends it has been at its most productive.
"We've had no disruptions on the manufacturing side at all, and the reality is demand is at the highest we've ever seen it here in the United States," Price said.
As more of its noodles make it home to the pantry, Nissin isn't compromising on the quality of Top Ramen, according to the CEO, and customers are still getting the same inexpensive staple they've been getting since the company's inception.
"A few years ago, in response to what consumers were telling us, we did reduce the amount of sodium in our products," Price added. "We also took out added MSG, but otherwise, it's been pretty consistent for the last 50 years."
To celebrate its golden anniversary, Nissin its #HowDoYouTopRamen contest that features prizes of $10,000, a 50-year supply of noodles, and the title 'Chief Noodle Officer' awarded to the most creative dish using Top Ramen judged by Top Chef: All-Stars L.A. winner Melissa King.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
Sinead O’Sullivan breaks down Taylor Swift’s genius marketing for The Life of a Showgirl, which just set the record for most albums sold in a single week.
Markets are emerging from a turbulent Q3. Horizon’s Mike Dickson shares insights on interest rates, small caps, and where investors should look in Q4 and beyond
Bambu Ventures's Kyle Pretsch dives into Lemonaid’s $10M buyout, down from 23andMe’s $400M price tag, and what’s next after Chrome Co.’s dramatic pivot.
Former Cisco Systems CEO John Chambers learned all about technology’s volatile highs and lows as a veteran of the internet’s early boom days during the late 1990s and the ensuing meltdown that followed the mania. And now he is seeing potential signs of the cycle repeating with another transformative technology in artificial intelligence. Chambers is trying take some of the lessons he learned while riding a wave that turned Cisco into the world's most valuable company in 2000 before a crash hammered its stock price and apply them as an investor in AI startups. He recently discussed AI's promise and perils during an interview with The Associated Press.
Grove Collaborative’s CEO shares how the company is reinventing everyday goods with sustainability at the core and working toward a plastic-free future.
Atlanta Mayor Andre Dickens shares plans for affordable housing, community-led growth, and why private and public grocery stores could be key to food equity.