Blog: Do you have global ambitions? Focus is key
Dean Best | 26 March 2008
Ask about a company’s international ambitions and often you get some tub-thumping about wide-ranging plans to move into potentially lucrative – but hugely challenging – markets like China and India.
Often, such pronouncements are made in an attempt to keep up with the Joneses, with little thought as to how to crack the world’s emerging markets.
Today (26 March), we’re carrying an interview with Singapore Food Industries (SFI), the group behind businesses including the UK’s Daniels Chilled Foods, the owner of the New Covent Food Co. brand.
The company has enjoyed success with most of international forays (present difficulties in Ireland and China notwithstanding) and has further ambitions overseas.
Interestingly, though, its international strategy remains simple and methodical. There is, for instance, no mention of India on SFI’s list of international targets – for the simple reason, chief operating officer Philip Lim says, that the company is not in the dairy business.
With meat SFI’s core competence, markets like China and Vietnam are key and, while those two markets will present enough of a challenge, the Singapore-based firm is going about its expansion the right way – simply and methodically.
A year after union officials alleged Fyffes abused workers on plantations in Central America - and called on the produce giant to be kicked out of the Ethical Trading Initiative forum - the company is...
Much of the chatter about where 3G Capital could look next has centred on packaged food - but might the private-equity fund be about to extend its foodservice empire?...
Headlines that Mead Johnson's board has backed Reckitt Benckiser's takeover bid will no doubt overshadow the other news on the group this week – that it is facing a US lawsuit from a “whistle blower” ...
Kantar Worldpanel issued its monthly supermarket share data in the UK this morning - and the numbers showed a change in the identity of the country's top five food retailers....
- Does Kraft Heinz want to swallow Unilever whole?
- Focus: Nestle CEO plan to balance sales, earnings
- Comment: Meal kits in US - don't believe the hype
- Will Kellogg's DSD exit help it grow in US snacks?
- Is Mondelez's margin target hurting sales?
- Nestle plans restructuring as 2016 profit misses
- Kraft Heinz pursuing Unilever in takeover move
- General Mills issues profit warning
- Kraft Heinz returns to organic growth, ups margins
- Kraft Heinz pulls Unilever bid