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 Sheila Shayon on October 24, 2013 08:08 PM
Mondelez International’s $400 million, 10-year commitment to improve the livelihood of more than 200,000 cocoa farmers and nearly 1 million people in cocoa farming communities world-wide is having effect.
The Cocoa Life partnership with the Indonesian Coffee and Cocoa Research Institute (ICCRI) and suppliers Armajaro and Olam, promotes sustainable cocoa farming, improves cocoa bean quality and perhaps most importantly, supports the development of healthy and prosperous Indonesian cocoa communities.
“A sustainable cocoa supply begins with thriving cocoa communities, and more efficient farming improves farmers' financial security," said Cathy Pieters, director of Cocoa Life at Mondelez. “Partnering is key to creating lasting change through our Cocoa Life program. Together with the Indonesian government, our suppliers and other partners, we're empowering cocoa-farming families to create the kind of communities they want to live in, while promoting gender equality."Continue reading...
Posted by Sheila Shayon on October 18, 2013 07:17 PM
The world’s largest food company, Nestlé, pledges to achieve zero waste in all of its 150 European factories by 2020—meaning that no factory waste will go to landfill or be incinerated without energy being recovered from the process.
The company had already met its zero waste goal in 39 of its 468 factories worldwide by the end of 2012, including in all of its plants in the UK and Switzerland, putting it on top of Oxfam’s Behind the Brands sustainability scorecard in February, and also receiving the NGO’s ‘most improved’ honor last month, along with Unilever.
"The decision to achieve zero waste illustrates Nestlé's commitment to environmentally sustainable business practices," said Laurent Freixe, Nestlé EVP and Zone Director for Europe. "By relentlessly eliminating all sources of waste, or by recycling or recovering energy from unavoidable residues, I am convinced we can achieve the same for all our European operations."Continue reading...
Posted by Dale Buss on October 3, 2013 09:33 AM
Target launches own pre-paid mobile brand.
Angie's List cuts prices and pursues new members.
Burger King "changes name" in social media posts.
Audi plans to boost booming European subcompact market with Q1, report says.
BMW puts South Africa expansion plans on hold after labor strikes.
BP wins partial reprieve from oil-spill payments.
Budweiser fails to maintain buzz with its iconic packaging, report says.
Chrysler cuts Viper output amid slow sales.
Coca-Cola and PepsiCo are assailed by Oxfam over "land grabbing" in supply chains.
Filippo Berio launches largest-ever ad campaign.Continue reading...
Posted by Sheila Shayon on September 25, 2013 07:12 PM
On the road to reduce its environmental footprint, Unilever has agreed to buy nearly three million gallons of algae-derived oil from Solazyme for use in its personal care products. The deal will contribute greatly to the CPG giant's goal to use only sustainable agricultural raw materials by 2020.
“This is the first oil that was jointly developed that’s going to a product sale,” Jonathan S. Wolfson, Solazyme’s CEO, told the New York Times. “We’ve laid out the path for years, and now we’re closing the first big loop about where a big chunk of this oil goes coming out of one of these plants.”
Solazyme's renewable products can replace or enhance oils currently derived from petroleum, plants and animal fats—with commercialization efforts that will lend well to industries including chemicals and fuels, nutrition, and skin and personal care.Continue reading...
Posted by Sheila Shayon on September 18, 2013 04:57 PM
Thirty-one major investment funds, representing close to 1.5 trillion dollars, have called on food industry leaders to improve their supply chain policies and transparency.
Sponsored by Calvert Investments and signed by investors including F&C Asset Management, BNP Paribas Investment Partners and Aviva Investors, the funds commit to work with their companies to pursue changes and support Oxfam’s Behind the Brands initiative.
The push to improve such policies comes on the heels of an update to Oxfam's Behind the Brands scorecard, which, depsite several improvements by segment leaders Nestle and Unilever, still leaves much room for advancements in sustainability and corporate responsibility. “The data show there is a broad and urgent need for significant improvement across the sector," the organization said in a press release.Continue reading...
Posted by Dale Buss on September 18, 2013 09:21 AM
Starbucks is making China its No. 2 market and declares guns as unwelcome but doesn’t ban them.
YouTube says you'll be able to watch videos offline soon.
Unilever and Nestle rank as biggest improvers in Oxfam sustainability report.
AT&T and America Movil move to expand in Latin America together.
Adobe is boosted by cloud sales.
Apple sees brands bet big that it will be able to scale iTunes Radio rapidly as it releases iOS 7 today.
Audi plans to revive auto production in Brazil.
BMW begins i3 production.
Cracker Barrel sees activist investor Biglari press for a special dividend.
Fiat presses forward with efforts to acquire Chrysler stake from UAW and plans to produce more Fiat-brand models.Continue reading...
Posted by Shirley Brady on April 1, 2013 08:59 AM
Apple loses iPad Mini trademark, and finds a fan in Kim Jong-un as North Korea rattles saber and tensions rise with U.S., while increased China headaches include hacking threat and iPad regulation.
Discovery Communications expands global channel reach and launches scripted programming.
Novartis loses cancer drug patent battle in India.
Amazon buys Goodreads community-driven user reviews website.
AMC reveals new tagline and logo.
Armani hires Cate Blanchett for $10M campaign.
AT&T scores with March Madness Twitter campaign.Continue reading...