Griffith Foods Recognized as a 2025 Best Managed Company
ALSIP, Ill., June 4, 2025 /3BL/ - Griffith Foods is proud to announce it has been selected as a 2025 Best Managed Company, making it the fourth year in a row to earn this designation. Now in its sixth year, the award, sponsored by Deloitte* Private and The Wall Street Journal, recognizes outstanding U.S. private companies.
The 2025 designees are U.S. private companies that have demonstrated excellence in strategic planning and execution, a commitment to their people, as well as maintaining financial performance and governance. Designees drove their businesses forward while remaining dedicated to their people and focusing on their customers. Advanced technology including AI took a center role for most of these companies, to create efficiencies and enhance the quality of products and experiences.
Applicants are evaluated and selected by a panel of external judges focused on assessing hallmarks of excellence in four key areas: strategy, ability to execute, corporate culture and governance/financial performance. They join a global ecosystem of honorees from more than 44 countries recognized by the Best Managed Companies program.
About the Best Managed Companies Program
The Best Managed Companies program is a mark of excellence for private companies. U.S. designees have revenues of at least $250 million. Hundreds of private companies around the world have competed for this designation in their respective countries through a rigorous and independent process that evaluates four key criteria in their management skills and practices — strategy, execution, culture and governance/financials. U.S. program sponsors are Deloitte Private and The Wall Street Journal For more information, visit www.usbestmanagedcompanies.com.
About Griffith Foods
Griffith Foods is the caring, creative product development partner helping food companies meet the evolving needs of consumers while sustaining the planet. As a family business founded in 1919 and headquartered in Alsip, Illinois USA, Griffith Foods is known for true, collaborative innovation guided by their Purpose of 'We Blend Care and Creativity to Nourish the World'. The company's product capabilities range from seasonings and marinades to coating systems and sauces that are better for people and better for the planet. For more information, visit www.griffithfoods.com.
View original content here.
Visit 3BL Media to see more multimedia and stories from Griffith Foods
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 hours ago
- Yahoo
State contractors offer updates on new unemployment system following delays
Rep. Greg VanWoerkom (R-Norton Shores) raises concerns on delays in the rollout of a new state unemployment insurance system during a June 5, 2025 meeting of the House Appropriations Subcommittee on General Government. | Kyle Davidson As state agencies collaborate with contractors to craft a replacement to Michigan's outdated unemployment insurance system, individuals overseeing the effort offered an update on their progress, with plans to begin rolling out the system before the end of the year. The subject of those enhancements to the system were up for discussion Thursday before the House Appropriations Subcommittee on General Government. Testifying before the committee was Brett Gleason, chief of staff with the Michigan Unemployment Insurance Agency, who noted the current system is more than 10 years old and has placed limits on the agency's ability to adapt, support self-service, detect fraud and use data effectively. The agency selected the tech and strategy consulting firm Deloitte to lead the project in November of 2022, with the project costs estimated at $78 million, according to a report from the Detroit Free Press. Work on the project launched in May 2023, with the first component of the project expected to go live on Sept. 30, 2024. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX David Parent, a managing partner of Deloitte, told the subcommittee on Thursday that while the project had faced challenges with management, scope and technology, the service for employers is expected to launch in December with the claimant side of the program rolling out in May 2026. As of Tuesday, test cases in the new system were passing at a 97% rate, Parent said, with the part of the system set to go live in May logging an 88% pass rate, Parent said. With the project set to launch 14 months later than initially promised, members of the committee pressed Parent and members of the Unemployment Insurance Agency and the Michigan Department of Technology, Management and Budget on why the state requested an additional $20 million for the project despite the delays. Gleason explained that the state pays roughly $2.5 million a month to maintain the old system, and that the costs for maintaining the old system had been higher than anticipated due to the project delays. As a result, the additional $20 million would be used to maintain the current system and to cover costs for independent verification and validation services on the new system. With the Unemployment Insurance Agency paying out an estimated $8.5 billion in fraudulent claims during the COVID-19 pandemic, Rep. Greg VanWoerkom (R-Norton Shores) voiced concern, saying the delays had cost the state millions and put its unemployment safety net at risk. Gleason said the state has pursued an aggressive timeline in crafting and implementing the new system, and that the project still fell within the four to six year timeline that is typical in putting new systems like this in place. Laura Clark, the chief information office for DTMB, also noted the new system was expected to save the agency $5 million annually.
Yahoo
17 hours ago
- Yahoo
Truth About Tariffs: US trade dispute adding costs and straining availability of insurance coverage for Alberta drivers
Insurance Bureau of Canada sounds alarm as tariff action strains auto insurance market due to rate cap EDMONTON, AB, June 5, 2025 /CNW/ - The economic impact of the U.S. trade war is adding further strain to Alberta's embattled auto insurance market, prompting Insurance Bureau of Canada (IBC) to issue a warning to government and consumers to brace for additional challenges in the auto insurance market unless the current rate cap is eliminated. IBC recently commissioned Deloitte to undertake an analysis on the impacts of tariffs on the property and casualty industry. Deloitte found that 25% economy-wide tariffs imposed by the United States and reciprocated by Canada would increase the price of new vehicles and replacement parts by up to 10.9% for most insurers. While such tariffs have only been partially implemented, when changes in auto sector production patterns and other factors are also considered, the impact on insurance premiums for Alberta drivers could be up to 5%. Several areas in the auto sector have been negatively affected by tariffs, increasing the cost of vehicle repairs and replacements and straining supply chains. The negative effects of tariffs include: U.S. tariffs of 25% on Canadian steel and aluminum went into effect on March 12, and were raised to 50% on June 3. This is raising the cost of new vehicles and auto parts. Canadian counter-tariffs of 25% on non-CUSMA-compliant vehicles imported from the United States are increasing the cost of one-third of imported vehicles. Auto manufacturers have begun to pause, cancel or close the expansion of their Canadian operations, placing further strain on vehicle repair and replacement supply chains and adding additional cost pressures. "There is a lot of confusion surrounding tariffs, but the reality is they are here and are adding significant cost pressures to vehicle repairs and replacements that were completely unforeseen when the government extended the auto insurance rate cap last fall," said Aaron Sutherland, Vice-President, Pacific and Western, IBC. "The current 'good driver' rate cap does not reflect these new cost pressures. Unless insures are able to account for the impact of tariffs and other growing costs in their rates, they may be forced to further reduce the availability of coverage for drivers to remain financially viable." Even without contemplating the impact of tariffs, the Alberta government's Auto Insurance Rate Board (AIRB) recently published benchmark loss trends to be used by insurers in new rate filings, many of which are in excess of the current rate cap. The AIRB's latest Semi-Annual Review suggests that over the next year: Bodily injury (legal) costs will grow an average of 9.1%; Accident benefits (medical/rehab/income replacement) costs will grow an average of 5.5%; and The cost of vehicle damage claims will grow by approximately 10% "New cost pressures created by the trade dispute with the United States are piling on top of other cost pressures in the auto insurance system and creating new challenges for insurers who are paying out more money in claims than they take in through premiums," said Sutherland. "This situation is unsustainable, and the province must act and end the rate cap before further damage is caused." Alberta's insurers have been subject to a rate cap for over three years. This is the longest period of government interference in the auto insurance market in Canadian history. As a result of this rate cap, in 2024, Alberta auto insurers paid out $1.17 in claims and other expenses for every $1 they earned in premiums. About Insurance Bureau of Canada Established in 1964, Insurance Bureau of Canada (IBC) is the national industry association representing Canada's private home, auto and business insurers. Its member companies make up the vast majority of Canada's highly competitive property and casualty (P&C) insurance market. As the leading advocate for Canada's private P&C insurers, IBC collaborates with governments, regulators and stakeholders to support a competitive environment for the P&C insurance industry to continue to help protect Canadians from the risks of today and tomorrow. IBC believes that Canadians value and deserve a responsive and resilient private P&C insurance industry that provides insurance solutions to both individuals and businesses. For media releases, IN Focus articles, or to book an interview with an IBC representative, visit Follow us on LinkedIn, X and Instagram, and like us on Facebook. If you have a question about home, auto or business insurance, contact IBC's Consumer Information Centre at 1-844-2ask-IBC. We're here to help. SOURCE Insurance Bureau of Canada View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19 hours ago
- Yahoo
Trump and Elon Musk's Bromance Is Circling the Drain Over Budget Bill
Tensions are rising between Donald Trump and his biggest 2024 campaign financier, Elon Musk. The dynamic duo—who were practically inseparable after November—are driving apart over their differing opinions on Trump's 'big, beautiful bill,' an extension to his 2017 tax cuts for multimillionaires and corporations that is projected to add trillions to the national deficit. The president reportedly 'wasn't happy' and was left 'confused' as to why his richest MAGA ally had become more outspoken in his criticism of the bill since exiting his role as a special government employee, according to senior White House officials who spoke with The Wall Street Journal. The whole situation caught senior Trump advisers off guard, the Journal reported. Last month, Musk confessed in an interview with CBS that he believed Trump's spending package was actually a bad idea. But the tech billionaire has become more brazen in his read of the bill in the weeks since he's left the White House. 'I'm sorry, but I just can't stand it anymore,' Musk wrote Tuesday afternoon on X, the social media platform he owns. 'This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it.' In a separate post, the world's richest man—who had promised to bankroll Republican primaries mere months ago—made clear what he now planned to do with his cash. 'In November next year, we fire all politicians who betrayed the American people,' wrote Musk. The bill passed the House by a vote of 215–214, with two Republicans joining all Democrats in voting against it. By Wednesday, Musk's directive for more than 200 million of his social media followers was clear: 'KILL the BILL.' That same day, Trump posted an image of Musk's exit message from the previous week without further comment. Media commentators picked up on the signal, with CNN host Erin Burnett laughing off Trump's response to Musk's online tirade against his 'entire domestic agenda' as 'thinly veiled.' Republicans plan to offset the expensive tax cut by slashing some $880 billion from Medicaid. But Musk's issue with Trump's plan has little to do with slashing programs aimed at supporting and uplifting the most vulnerable Americans—instead, he's condemned the bill on the basis that it would effectively undo his work atop the Department of Government Efficiency, which was tasked with paring down government spending. Musk was Trump's top financial backer in the 2024 election, spending at least $250 million in the final months of the president's campaign after Trump was shot in July. Musk had also promised to funnel funds toward other Republicans, declaring in the wake of the November election that his super PACs would 'play a significant role in primaries.' In the following months, Musk threatened to use his money to fund primary challengers to Trump's agenda and go after Democrats, and that he would be preparing 'for the midterms and any intermediate elections, as well as looking at elections at the district attorney level.'
