This week, McCormick & Co. highlighted China as a strength in its first half numbers. Valio made a commitment to halve sugar in its dairy snacks and the Consumer Goods Forum committed to halving global food waste by 2025. Elsewhere, Ebro Foods acquired French sandwich maker Roland Monterrat. Here is the week in quotes.
"Yes, we represent only a percentage of the global economy but if we can drive change, that will be our success. Five years from now this conversation will be completely different because we are all aware of this issue." – Ignacio Gavilan, sustainability director of the Consumer Goods Forum, speaks to just-food about the body's latest commitment to halve global food waste by 2025.
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"Sprout is a strong brand that resonates with retailers and consumers, with a product portfolio that has meaningful competitive differentiation" – Alison Minter, North Castle managing director, comments on the firm's latest acquisition of Sprout Organic Foods.
"This transaction will strengthen our position as a producer and supplier of all major animal proteins around the world, and provide increased opportunities for our producer partners and key customers" – Martin Dooley, president and COO of JBS USA Pork, says the agreement to acquire Cargill's US pork unit is a "strategic investment" in the long term growth of JBS's pork business.
We lacked the expertise and knowledge and needed the know-how that a company like Roland Monterrat brings, to help us get ahead of competitors" – a spokesperson for Ebro Foods tells just-food the acquisition of French sandwich firm Roland Monterrat will help it grow share in the competitive sandwiches market.
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"The big difference I think in our business in China for our consumer segment is that we’re a lot less dependent on the modern trade than many of our peer companies" – Lawrence Kurzius, McCormick & Co.'s president and COO, comments on the firm's growth in China, a welcome surprise after many of its peers have had difficulties there in recent quarters.
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By GlobalData"Our point of departure is excellent by international comparison. It’s a good basis for further development, and we believe our expertise in making products that contain less sugar but are nevertheless equally tasty will be of benefit in the export market, too" – Valio has announced plans to halve the sugar levels in its snack-type dairy products by 2020.
"We are experiencing strong growth in retail and food service in Australia and see huge opportunities in the Asian market which we have already tested. We have available capacity to meet the needs of new and existing customers and will aggressively pursue these export markets" – CEO of The Cake Syndicate, Gus Canton, on the firm's announcement it is exploring plans to expand into Asia with its Susan Day and Big Sister brands.
"Greek families would struggle to afford the basics needed to live, some of the most important products will be staple food such as rice, pasta and pulses. Shelf stable food could see a good performance as well as baby food. On the other hand, confectionery, snacks or ready meals sold in supermarkets would all be considered unnecessary" – Euromonitor's Dimitrios Dimakakos says in the event of a Grexit, luxury food makers are likely to be hardest hit.
"While we view this renovation as a worthwhile investment, the total scale of these products remains relatively small in the context of its broader portfolio and, in our view, may not be sufficient to offset continued category weakness" – Matthew Grainger, analyst at Morgan Stanley comments on General Mills' innovation and renovation plans to tackle category softness and changing consumer preferences.
"My four year old has been known to eat a 50g pot of peeled cloves in one go – that has got to be the healthiest sweet in the world!" – Katy Heath, founder of Black Garlic UK, advocates the health benefits of the product as the company celebrates securing a finance package that will help it ramp up production.
