sip on this
Posted by Dale Buss on November 11, 2013 03:23 PM
PepsiCo and Coca-Cola have been doubling down on emerging markets, despite feeling tremendous pressure to grow their business in developed regions such as the United States and Europe. And PepsiCo just made a massive US$5.5-billion commitment to expand its operations and sales in Mexico over the next seven years.
CEO Indra Nooyi announced that PepsiCo and its partners plan to double their current production capacity in India, to ramp up distribution infrastructure especially in rural markets, to boost its collaborative program with Indian farmers, and to continue to expand the range of foods and beverages in its current India portfolio of eight brands.
"India is a country with huge potential and it remains an attractive, high-priority market for PepsiCo," Nooyi said in a statement. "We believe we've only scratched the surface of the long-term growth opportunities." In a press conference in New Delhi on Monday, Nooyi also couldn't resist a playful dig at her biggest competitor, telling reporters that the Pepsi brand is "more youthful" than rival Coca-Cola.Continue reading...
Posted by Alicia Ciccone on October 2, 2013 07:27 PM
Intel is turning research into action with its "She Will Connect" initiative—a program born out of the company's "Women and the Web" report that showed the gender gap between men and women in developing countries concerning digital literacy.
The program aims to reach five million women in Africa beginning this year, with the help of local and global governments and NGOs, according to MarketingDaily's MediaPost.
The task will be tackled two ways: with a mobile gaming app that will teach digital literacy skills, and with a partnership with World Pulse, which will help create a peer network for the platform's digital training software.Continue reading...
Posted by Dale Buss on May 10, 2013 10:31 AM
Audi is feeling its oats as a brand, with steadily growing ambitions that now encompass expansion in South America in addition to North America, as Volkswagen's luxury brand attempts to beat out BMW for worldwide premium-segment leadership.
China has been Audi's strongest foreign market for a while. But with luxury-brand competition growing there and European luxury buyers strapped by the continent's recessionary economy, Audi executives have been casting their vision increasingly to the Western Hemisphere for growth. They already have managed to score impressive gains in the US market in terms of sales and brand prestige—but only in America does Audi significantly trail BMW, and Mercedes-Benz for that matter, in actual unit volumes.
Aiming to change that, Audi executives joined local and federal officials in Mexico over the weekend in laying the foundation stone for a $1.3 billion plant that will begin turning out a new version of the Audi Q5, its best-selling crossover, in mid-2016.Continue reading...
Posted by Mark J. Miller on March 14, 2013 06:27 PM
A large swath of Americans have loved grappling of one sort or another for decades, whether it was the pro-wrestling version with Gorgeous George, Andre the Giant, Hulk Hogan and the Undertaker or the UFC version that’s gotten hot in recent years.
There will soon be a new game in town—at least it will be new for Americans. For Latin Americans, Lucha Libre has been around for nearly a century. Now the sport, showcased to the U.S. public by the 2006 Jack Black film Nacho Libre and a kids' cartoon called ¡Mucha Lucha! that ran from 2002-2005, is planning to make its mark on U.S. culture and shed its cult status as a fringe sport.Continue reading...
Posted by Shirley Brady on February 14, 2013 08:45 AM
American Airlines and US Airways to create the world's biggest airline with $11 billion union.
AB InBev will sell Corona unit to salvage Modelo takeover, as Pernod Ricard is open to Jose Cuervo talks.
H.J. Heinz Company enters agreement to be acquired by Warren Buffett's Berkshire Hathaway.
Time Warner rumored to eye Time Inc. split and talking to Meredith about buying magazine brands.
Adidas unveils new global brand strategy with Boost product push.
American Express and Yahoo accused of stealing travel service idea.
Angry Birds parent Rovio slings into advertising.
Apple promises to fix iOS Exchange bug, fights activist shareholder Einhorn.
Barclays agrees to stop speculating on food prices.
Barnes & Noble warns of lower 2012 sales and Nook concerns.
Boeing looks at interim 787 fixes.
BT sticks by Olympic athlete Oscar Pistorius (charged with murdering his girlfriend), for now.Continue reading...
Posted by Mark J. Miller on January 22, 2013 02:29 PM
For more than a century, there’s been a bar fight going on between the world’s biggest brewer, AB InBev (and all its predecessors) and Czech brewer Budejovicky Budvar NP. Both claim they should have the rights to the name “Bud” in Europe.
The most recent winner is AB InBev after the EU General Court in Luxembourg “rejected Budvar’s appeal of AB InBev’s right to the EU trademark because the Czech company presented insufficient proof of the existing use of the name in some European countries,” Bloomberg reports.
Anheuser-Busch InBev NV claims to have been using the Bud name since 1876. Budvar did not exist until 19 years later. AB InBev put in an application for the trademark in July 1996 and, according to the court, Budvar couldn’t show that it had used the term across Europe before then.Continue reading...
Posted by Dale Buss on January 22, 2013 01:44 PM
When can the pot call the kettle black? When the pot is Walmart — and when it's warning suppliers that it is adopting a "zero-tolerance policy" for violations of its global sourcing standards.
The world's most ubiquitous retailer has announced it plans to sever ties with any company that subcontracts work to factories without the retailer's knowledge. The move follows a November fire at a Bangladesh garment factory that not only killed 112 people but also revealed Walmart clothing was made there without the company's knowledge.
The tougher new policies replace Walmart's previous "three strikes" approach to policing suppliers. "Obviously [that policy] wasn't working as well as it could have," Rajan Kamalanathan, vice president of ethical sourcing, told
the Wall Street Journal.
"Our message of zero tolerance is meant to get people's attention."Continue reading...
Posted by Mark J. Miller on December 20, 2012 01:20 PM
You think Apple was the first to think of the iPhone? Well, OK, maybe they thought up the iPhone, but there was somebody in front of them who cooked up the IPHONE. And now the smartphone-buying public of Brazil will get to be confused by them.
An earlier incarnation of IGB Eletronica SA, a Brazilian consumer electronics manufacturer, applied for exclusive rights in Brazil to register its products under the name IPHONE way back in 2000. Apple’s iPhone didn’t launch until seven years later. There was no confusion for more than a decade since IGB hasn’t released any products under that name. But that is all about to change.
IGB will start selling its $290 Android-based IPHONE in Brazil with the first model called Neo One, Reuters reports. This news comes only a week after Apple started selling its iPhone 5 in the country.
It doesn’t appear that Apple will take IGB to court, particularly after losing a battle last month with a Mexican telecommunications company that is selling the – wait for it — iFone. In fact, the Wall Street Journal reports that IGB may end up filing suit against Apple: "The two brands can't coexist in the market," said Eugenio Staub, president of IGB’s Gradiente. "It's up to Apple to make a move."Continue reading...