In the second of a two-part feature, Hannah Abdulla looks at two more members of the BRIC quartet and explores what India and China hold in...
That China is central to Hershey's challenges at the moment was underlined on Friday after the US confectioner booked a second-quarter loss...
In the second of a two-part feature, Hannah Abdulla looks at two more members of the BRIC quartet and explores what India and China hold in store for the packaged food industry over 2016.
Compared to many food sector giants, Hershey's expansion on the international stage was relatively recent. Stepping up Hershey's presence overseas was seen as a way to unlock growth in rapidly-expanding markets and the company was bullish on its ability to translate the brand strength of its portfolio to new territories. But this path has proven challenging in 2015 and, last week, Hershey again lowered its sales forecast for the year, citing weakness in the key international market of China. Katy Askew examines whether Hershey's international drive has stalled.
The fourth agricultural commodity to be featured in just-food's management briefing on sustainable sourcing is the world's largest - sugarcane. While sugar is already a much-discussed subject in the context of the obesity debate, Ben Cooper writes, food companies are under increasing pressure to step up engagement on sugar from a supply chain perspective and scale up current sustainability efforts.
In the fifth part of just-food's management briefing on sustainable sourcing, Ben Cooper examines how consumer demand for certified sustainable cocoa has fostered corporate action to improve the living standards of their agricultural suppliers and make their raw material supply chains more sustainable.
CSM Bakery Solutions came to life two years ago when Rhône Capital acquired the bakery supplies business of Dutch food and ingredients group CSM. At the time, Rhône Capital said it would invest in CSM's capacity to innovate and use its customer relationships to support global growth. Katy Askew spoke to CSM vice president of bakery products, Sebastian Siethoff, to find out more.
Hershey has become the latest major chocolate company to make a bold public commitment to sustainable cocoa. Andy McCormick, Hershey's vice president, cocoa sustainability, spoke with Ben Cooper about the company's 21st Century Cocoa Plan and its commitment to collective efforts to achieve a sustainable cocoa sector.
Hershey has said it hopes to reverse the declining sales it saw last year through a focus on innovation.
Hershey's revenue in the fourth quarter continued the trends it had seen in the previous months but improved margins meant the US chocolate maker was able to beat Wall Street earnings expectations.
Hershey is looking to increase the distribution of its protein-based snack brand SoFit in the US.
The creation of Kraft Heinz was the stand-out M&A story of the year, although there were plenty of other significant deals, including JBS's move for European meat group Moy Park, the sale of Quorn Foods to Philippines-based Monde Nissin and Nomad Foods' two transactions in European frozen food. Elsewhere, Nestle was rocked by the Maggi recall in India, while it and a number of other companies - including Hershey - suffered amid China's economic slowdown.
This week, McCormick & Co. announced the appointment of Lawrence Kurzius to the position of CEO. Post Holdings was reportedly eyeing the packaged food arm of Bob Evans Farms. Elsewhere, the CEO and chairman of The Greenery quit amid clashes with the supervisory board. And we published the second part of our interview with Ritter chairman Andreas Ronken. Here is the week in quotes
More than 30 US food companies including the likes of ConAgra Foods, Smucker, Kellogg and General Mills have signed up to SmartLabel technology, committing to being more transparent about the ingredients that go into their products.
Hershey has once again lowered its full-year sales forecast as third-quarter North American revenue came in below expectations and its Chinese arm continued to weigh on the business.
Hershey has outlined a series of new sustainability targets as part of its move to join the American Business Act on Climate Pledge, an initiative drawn up by the Obama administration to "demonstrate support for action on climate change".
CSM Bakery Solutions is working to grow sales ahead of its core markets in Europe and North America through insight-led innovation and branding, vice president of bakery products Sebastian Siethoff told just-food.
Hershey is launching the "premium" Kisses Deluxe chocolates in the US, looking to target consumers wanting to buy "premium" chocolates as a gift.
Hershey has signed-up to non-profit organisation Partners in Food Solutions (PFS) to support efforts to strengthen Africa's food system.
Russia this week reportedly ruled out the use of GMOs in its food production, a further stiffening of its position on the issue. In the US, meanwhile, the Obama administration announced plans to halve food waste in 15 years. And, among a series of stories out of France, came news of raids from the country's competition watchdog on compote manufacturers.
The US court of appeals has upheld a dismissal of an antitrust lawsuit against confectioners Hershey, Mars Inc and Nestle.
Mars has escaped charges of price fixing in Canada after the country's Public Prosecution Service dropped its case, two years after accusing the Snickers maker of conspiring with Nestle and Hershey.
B&G Foods struck a deal to buy General Mills' struggling Green Giant business - but insisted it could revitalise its sales. Arla Foods announced two ventures in Africa to boost its presence in the continent. And Nestle outlined plans to make KitKat with only sustainably-sourced cocoa from next year.
Hershey has become the latest FMCG company to look to sell a brand through Amazon Dash, the e-commerce giant's at-the-touch-of-a-button re-ordering service in the US.
Acquisitive Nomad Foods, which has snapped up one frozen food business in Europe and is set to buy another, this week confirmed it is eyeing possible deals in the sector in the US. Meanwhile, in emerging markets, Hershey is to go it alone in Brazil and Kellogg is to invest in R&D in India.
Hershey's move to buy out its partner in Brazil, Pandurata Alimentos, from their venture in the country has been approved by local competition officials.
Hershey today (7 August) reported a second-quarter loss of just under US$100m on the back of an impairment charge on its Chinese unit Shanghai Golden Monkey - and again lowered its forecast for annual sales.
Hershey has launched a range of snack bars under its Brookside range in the US.
Hershey is launching a Reese's-branded spread in Canada.
Hershey today (19 June) announced a "productivity initiative" that will result in the loss of around 300 jobs - as it again lowered its forecast for full-year sales.
US fans of British chocolate imports have taken to social media to vent their frustration after Hershey earlier this week reached a settlement with an importer to stop distributing British-made candy bars into the country.
Pasta maker Barilla has joined the likes of Hershey in investigating the uses of 3D printing in the food sector.
The Hershey Company : Consumer Packaged Goods - Company Prof
"The Hershey Company : Consumer Packaged Goods - Company Profile, SWOT & Financial Analysis" report, published by Canadean provides a succinct overview of the company and its operations, detailing the...
Hershey Co, The in Packaged Food (World)
Hershey will benefit from strong value growth in the United States, which is the company’s central focus. Whilst a justified criticism would be that there is too much reliance on the US, there have be...
Hershey Co, The in Packaged Food (USA)
The Hershey Co is looking to continue its strategy of a “predictable, profitable and sustainable North American business”....
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