Food market news of the week - Mondelez, Danone, Nestle
just-food announced the outcome of its Brexit confidence survey
We released the results of our post EU referendum confidence survey this week, with findings pointing to nervousness over the medium term impact on the food sector. This is in no small part due to uncertainty over the potential trade deals that will emerge. We also ran an in-depth analysis of the various scenarios UK food makers could face in their trade with Europe. Mondelez International revealed sales are coming under pressure and detailed plans to expand in the Chinese chocolate sector. Danone updated on its progress in fresh dairy. Here are the top headlines from just-food this week.
Branded food manufacturers based in the UK face a risk that their exports to the European Union will attract duties now the UK government has confirmed it will push ahead with plans to leave the EU following the Brexit referendum result. These could be imposed after the two years of mandated talks on a future relationship with the EU following a UK decision to trigger Article 50 under the Treaty on European Union. just-food examines what the most likely duty scenarios are for UK food companies exporting to the country's largest overseas market.
UK food companies are more downbeat on the medium-term prospects for the global food industry than their European neighbours in the wake of the country's decision to exit the European Union, according to a new survey carried out by just-food.
Some of John West's tuna products are being removed from Tesco stores in the UK after the company failed to meet the retailer's sustainability standards.
Nestle and Samsung have announced a research collaboration that will see the world's largest food maker team up with the Korean tech giant to explore the potential of nutrition science and digital sensor technologies.
Hershey has again lowered its full-year sales forecast, citing macroeconomic conditions in China and a weaker outlook for the candy, mint and gum category in the US
Danone CFO Cecile Cabanis today (28 July) insisted the Actimel maker is making progress with its bid to improve the performance of the French group's dairy business, the company's largest by revenue, despite a decline in volumes in the first half of the year.
Mondelez International yesterday (28 July) reported its second-quarter and half-year numbers, leading to the US snacks giant's shares sliding almost 3% in the New York. The Oreo maker's operating margins and underlying earnings per share beat analyst forecasts - but growth in revenues on organic basis was weak and the company is now less certain about its forecast for annual sales. There was also plenty for Mondelez to discuss beyond the financials, notably its push into chocolate in China and its interest in Hershey.
Those waiting for the UK government's long-awaited child obesity strategy will have to wait a little longer. According to media reports last week, incoming prime minister Theresa May has decided to delay launching the strategy until the autumn.
Mondelez International is to make a move to build its presence in China's chocolate market with the launch of its European brand Milka in September.
Improving the diet of employees can boost productivity, morale and staff retention, making workplace nutrition an increasing priority for any company. But, Ben Cooper writes, the nutritional value of workplace catering at a food company is likely to be more closely scrutinised than at other companies, while the food sector has a unique contribution to make in improving workplace nutrition at large.
Sectors: Baby food, Bakery, Canned food, Cereal, Chilled foods, Commodities & ingredients, Condiments, dressings & sauces, Confectionery, Dairy, Dried foods, Emerging markets, Financials, Free-from, Fresh produce, Frozen, Health & wellness, Ice cream, Meat & poultry, Natural & organic, Private label, Retail, Seafood, Snacks, Sustainability & the environment, World foods
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