This week, there were more calls from the investment community for the world’s food giants to look at how – and how much – they source and process meat. Bakery giant Aryzta announced its annual results, which included falling profits and slow sales growth. Belgium’s Lotus Bakeries set out plans for a plant in the US, while McCormick & Co. said it expects to have a “record” year.
“The world’s over-reliance on factory-farmed livestock to feed the growing global demand for protein is a recipe for a financial, social and environmental crisis. Investors want to know if major food companies have a strategy to avoid this protein bubble and to profit from a plant-based protein market set to grow by 8.4% annually over the next five years” – Jeremy Coller, founder of the Farm Animal Investment Risk & Return Initiative and CIO of Coller Capital, calls on 16 food multinationals to take action on the “material risks” posed by industrial animal production.
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“We are driving both sales growth and significant productivity improvements – and expect 2016 to be a record year for McCormick” – president and CEO Lawrence Kurzius after the US spice and seasonings group announced its third-quarter results.
“We have under-performed from an investor perspective over the past 18 months but we take confidence from the real underlying revenue performance in the business” – Owen Killian, the CEO of bakery giant Aryzta, tries to direct investors to look at the company’s growth excluding the impact of recent contract renewals.
“Having a Lotus Biscoff plant in the United States is a milestone for our company” – Lotus Bakeries CEO Jan Boone on the Belgium-based snacks group’s plan to set up a factory for its flagship brand in the US.
“One of the reasons we want to attract new finance is to make sure we maintain the growth that we need. We have spent a lot of money in recent years investing in our older facilities. But now we want to grow more in product market concepts like biological and organic that will have more demand in the future than is currently the case” – Dutch meat group Vion is in talks with its sole shareholder, Dutch investment company NCB Ontwikkeling, over “various financing options” to raise funds for investment.
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By GlobalData“We believe it provides a tremendous platform off which we can build” – ConAgra Foods president and CEO Sean Connolly on the US group’s acquisition of local business Frontera Foods.
“We’re quite bullish on China. The market is going through a slowdown. The good news is we are performing better than our competitors, and certainly better than our peer group, in terms of net revenue growth. We’re feeling like we’re in a good place” – Stephen Maher, the president of Mondelez International’s business in China, sets out how the snacks giant sees its performance in the country.
“Our Cadbury Dairy Milk Silk revolutionised tablets, which is defined for the ‘for us’ need state. With a growing consumer trend of individualistic consumption and indulgence, we are now ready with a mix that will change the countline in the ‘for me’ need state” – Prashant Peres, director of marketing for Mondelez’s business in India, explains why the company has launched another brand – Cadbury Fuse – in the country.
