The Uncrustables brand is somehow headed for $1B in annual sales and its timeline is wild:
▫️1995: Two dads in North Dakota invent frozen crustless PB&J sandwiches and sell them to the local school district
▫️1998: Acquired by Smuckers for $1m
▫️1999: A US patent is issued for a “sealed crustless sandwhich”
▫️2004: Sales hit ~$30m
▫️2008: US Patent Office rescinds the patent for a “sealed crustless sandwhich”
▫️2021: Smuckers invests $1.1B to build a plant in Alabama
▫️2022: Sales hit $500m+ and the brand launches meat, cheese and taco versions
▫️2023: Smuckers plans to put real marketing push behind brand to get to $1B (previously was word-of-mouth because it didn’t have factories to meet demand)
This patent filing is absolutely demented:
“A sealed crustless sandwich for providing a convenient sandwich without an outer crust which can be stored for long periods of time without a central filling from leaking outwardly. The inventive device includes a lower bread portion, an upper bread portion, an upper filling and a lower filling between the lower and upper bread portions, a center filling sealed between the upper and lower fillings, and a crimped edge along an outer perimeter of the bread portions for sealing the fillings therebetween. The upper and lower fillings are preferably comprised of peanut butter and the center filling is comprised of at least jelly. The center filling is prevented from radiating outwardly into and through the bread portions from the surrounding peanut butter.”
Alright, I gotta give Smuckers some due.
— You have to create the Uncrustables so it thaws in an exact time frame for the kid’s snack time at school
— Smuckers said it took a decade to get bread just right to prevent leaks
— Smuckers is making 4.5m Uncrustables a day
Link 1:
Link 2:
Just asked ChatGPT — via my research app — to recommend Uncrustables brand extensions to get that next $1B.
Suggested Banh Mi Uncrustables! You’re welcome Smuckers. Bearly.AI
The argument Smuckers tried making to keep the patent was on how it sealed the sandwhich edges.
The legal language is gold: unlike pie crust or ravioli, Uncrustables are made without “commingling the two bread slices into an amorphous homogeneous mass.”: wsj.com/articles/SB111…
reminder that no “asian guy and stripper” story will ever top Enron Lou Pai’s “asian guy and stripper” story
Totally forgot Lou Pai got the stripper pregnant.
If this story was transplanted to 2020s, Pai would probably have been a whale on OnlyFans and gotten got…anyways, I wrote about the economics of OF here: readtrung.com/p/onlyfans-sti…
Boston Consulting Group (BCG) trained an AI slideshow maker called “Decker” on 900 templates and apparently gotten so popular that “some of its consultants are fretting about job security.”
Sorry, called “Deckster”. That excerpt was from this BI piece that also looked at McKinsey and Deloitte AI uses: businessinsider.com/consulting-ai-…
The Mckinsey chatbot is used by 70% of firm but same anonymous job board said it’s "functional enough" and best for "very low stakes issues." x.com/bearlyai/statu…
Here’s a r/consulting thread based on Computer World last year. Deckster was launched internally March 2024…some think it’s BS…some think it helps with cold start (B- quality): reddit.com/r/consulting/s…
never forget that episode of “Nathan For You” when he launched a fire detector product and tried to avoid import tariffs by turning it into a music device
One company that has been very good at navigating international food tariffs/regulations is Trader Joe’s. Built its dairy and wine businesses by finding workarounds.