Blog: Confectioners strike upbeat note at ISM
Michelle Russell | 29 January 2013
For an industry that has confronted significant challenges in the last year, namely rising raw material costs and weak consumer sentiment, I travelled to Cologne's ISM confectionery exhibition this week with trepidation.
2012 wasn't an easy one for the food industry as economic pressures put the squeeze on manufacturers and tight household budgets meant consumers weren't spending or indulging as much, forcing manufacturers to innovate with value propositions in order to boost profits.
With so much to contend with, I was expecting a rather cautious mood to be prevalent. The reality is rather different: I was pleasantly surprised at how ambitious and innovative the global confectionery industry has continued to be, despite the challenges it has faced.
Russia's United Confectioners and the UK's Eat Natural spoke to just-food about their export ambitions, while US giant Hershey told of its overseas ambitions and optimism for the future. Elsewhere, journalists crowded into the press centre to hear Barry Callebaut executives outline the "trends of tomorrow's chocolate market". The confectioner revealed what it believes are six main market trends it is looking to for innovation. Expect more on this in our news pages.
A packed day, but one that wasn't over yet. As the thousands of visitors streamed out of Koelnmesse, I headed to Happy Hour, courtesy of the Brazilian Association of Cacao, Chocolates and Candies Industry stand, where a cheeky cocktail rounded things off perfectly. With a tiring day two over, let us see what day three brings for the global confectionery market.
Tesco's troubles continued today (1 October) with its disclosure that the UK's Financial Conduct Authority is investigating the retailer's overstatement of its half-year profits....
The discounter has, alongside its fellow German retailer Lidl, shaken up the UK grocery market. And today (28 September) it outlined plans to grow its business in the country further....
Genetically modified ingredients is a hot issue, nowhere more so than in the US. Most food makers in the country, through a number of industry organisations, maintain GMOs are safe and insist their us...
- Focus: Fonterra's bid to weather dairy volatility
- How Windsor buy is part of Ajinomoto's global push
- Dairy in India: No quick win for multinationals
- Dairy in India: How to win over Indian consumers
- On the money: Diamond's faith in on-trend range
- Nestle forms new unit to "leverage scale"
- Kerry, Premier team up on frozen NPD in UK
- Nestle sells baby food brands Alete, Milasan
- PepsiCo eyes Middle East growth with R&D centre
- Aryzta profits rise on M&A