The IGD’s annual convention attracts the leading executives from the UK FMCG sector and last week they heard the likes of Tesco, Sainsbury’s, Unilever and Heinz discuss the economy, multichannel strategies, labelling and innovation. Elsewhere, Wal-Mart outlined its expansion plans for next year, Mars called on the chocolate sector to co-operate more on sustainable cocoa (which it said would cost billions) and Kellogg revealed the possible financial impact of its latest recall.
IGD CONVENTION: Tesco pledges new co-operation with suppliers
Tesco wants to work more closely with its suppliers as it reacts to changing consumer behaviour, the retail giant’s chief executive Philip Clarke said today (9 October).
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UK: Sainsbury’s King calls for “universal” food labels
Sainsbury’s chief executive Justin King today (9 October) called on the UK food industry to adopt common front-of-pack nutrition labels.
Comment: Wal-Mart outlines prudent expansion plans
Wal-Mart, the world’s largest retailer, plans to spend an eye-watering $12-13bn on expansion in its next financial year. However, the amount equates to a cut in capex spending and the US retail giant wisely has said it plans “to do more with less”.
GLOBAL: Sustainable cocoa will cost billions, warns Mars
Creating a sustainable cocoa sector that will meet the demands of the chocolate industry and improve the livelihoods of farmers will require “billions of dollars” of investment, Mars Inc has warned.
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US: Kellogg may take US$30m hit from Mini-Wheats recall
Kellogg has admitted the cost of recalling boxes of Mini-Wheats cereal across the US could cost the company up to US$30m.
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