Best bits: General Mills reacts to power shift
By Dean Best | 28 May 2012
General Mills, the US food group, last week made two announcements that underlined the macro-economic dynamics consumer packaged goods firms are battling. The company announced job cuts it says will make it more productive and free up resources to invest in the stagnant markets of the West - and further afield in the BRICs and beyond. Dean Best reports.
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General Mills, the US food group, last week made two announcements that underlined the macro-economic dynamics consumer packaged goods firms are battling. The company announced job cuts it says will make it more productive and free up resources to invest in the stagnant markets of the West - and further afield in the BRICs and beyond. Dean Best reports.
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Editor's choice: the highlights on just-food last week
The emerging markets was a key common theme on just-food's pages last week. We interviewed the UK Secretary of State for Food on the Government's vision for the country's exports. In India, Wal-Mart's local venture said it had suspended staff amid an investigation into bribery claims. And Heinz told investors it was "aggressively" looking at M&A in developing markets.
Quote, unquote: just-food's week in words
just-food last week spoke with UK Secretary of State for the Environment, Food and Rural Affairs Owen Paterson on his return from China where he spearheaded a mission to develop the UK's presence in the market. He spoke to just-food about the UK government's vision to grow overseas food sales. Elsewhere, Sainsbury's chief executive Justin King outlined the retailer's progress to date on its 20 by 20 sustainability targets, while Hostess Brands revealed it had been given the green light by the US Bankruptcy Court to wind-down its operations.
Comment: Communication key for next stage of Sainsbury's CSR push
Sainsbury's is one of the more proactive and open FMCG companies on sustainability and deserve plaudits for its work so far. However, as Dean Best writes, the UK retailer needs to communicate its initiatives more to be seen to be at the forefront of developments on such issues, as consumer interest is growing.
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