strategy
Mondelēz International posts third quarter upturn, though market tests persist
Against a backdrop of continuing sector challenges, Mondelēz International has recorded an upturn in its third quarter results for 2024, posting net revenues of $9.2 billion, up 1.9% year-on-year, as the business continues a strong pipeline of innovation, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability
Mars goes all out with spooky season Halloween range promotions
Major confectionery group Mars has tapped into the trend for early promotion of Halloween, with the company unveiling a number of terrifying treats for the spooky season, writes Neill Barston.
Tic Tac’s latest offering comes amid quest for fans’ new product flavours
Ferrero’s core Tic Tac brand is set to unveil its latest offering in the form of its new Citrus Adventure flavour, with the company also inviting consumers to offer inspiration for developing future releases, writes Neill Barston.
Germany’s BDSI confectionery organisation brokers pay deal for thousands of Bavarian workers
Germany’s BDSI confectionery sector organisation, along with the NGG food and restaurants union have reached a financial settlement in a key industry workers dispute over pay, with a two-stage agreement for a 7.5% pay deal being negotiated, writes Neill Barston.
French cocoa group, Touton, reveals core progress with sustainability targets
The French headquartered cocoa and commodity ingredients group has unveiled its latest annual sustainability report focused on delivering on its environmental and responsible sourcing targets, reports, Neill Barston.
Exclusive: European Commission draws environmental concerns over proposed EUDR one year delay
The European Commission has proposed a year-long delay to its landmark EUDR frameworks aimed at tackling deforestation within key supply chains including, cocoa and palm oil, drawing sharp criticism from environmental groups including Mighty Earth, writes Neill Barston.
Cocoa & Forests Initiative claims renewed progress on tackling deforestation challenges
The key Cocoa & Forests Initiative has unveiled its latest annual report, which found 83% of its directly sourced cocoa from participating companies in Ghana and 82% in neighbouring Ivory Coast are now traceable to farm level, ahead of upcoming EUDR legal operating requirements reports Neill Barston.
Mondelēz moves to adopt AI in its global marketing strategies
A major move embracing AI technology has been confirmed by Mondelēz International, as it launches an extensive marketing venture with digital services provider Accenture and the communications specialists, the Publicis Group, reports Neill Barston.
Hastamat delivers key manufacturing site expansion amid equipment market growth
German-based packaging machinery business Hastamat has made a significant investment into expanding its core production facilities at Lahnau, backed by a period of strong business growth, writes Neill Barston.
Nestlé CEO Mark Schneider makes shock decision to step down, as Laurent Freixe named successor
Mark Schneider, CEO of Nestlé has made a shock decision to stand down from his role after eight years, with the company naming Laurent Freixe, its executive vice president of its Latin American business, as his successor, reports Neill Barston.
World Confectionery Conference exclusive: Behind the scenes at Ferrero’s key Luxembourg HQ
Located close to a UNESCO world heritage site, Ferrero’s headquarters in Luxembourg certainly are a marker for its notable ambitions. Neill Barston meets Francesco Tramontin, its vice president for EU institutional relations and group public policy, ahead of his World Confectionery Conference presentation.
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Packaging, Processing, Regulatory, Sustainability
Fairtrade calls on the EU to clarify major EUDR laws and agree support for farmers
Fairtrade International has called on the European Commission for urgent clarifications on how the now EUDR deforestation regulations are set to be implemented ahead of its fast-approaching introduction this December, reports Neill Barston.
Mars moves to deliver $35.9 billion Kellanova takeover including flagship Pringles brand
A major strategic deal has been agreed by Mars, Incorporated, as it moves to complete $35.9 billion acquisition of Kellanova, the snacks spin-off division of Kellogg’s, including flagship brands, Pringles, Pop-Tarts and Rice Krispies Treats, reports Neill Barston.
UK food and drink business confidence drops 8% as economic and regulatory challenges persist
The Food and Drink Federation’s latest second quarter report has revealed the majority of businesses in the region are preparing to make investment into their operations, but confidence has decreased by 8%, amid notable ongoing regulatory and economic challenges, writes Neill Barston.