President Trump’s decision this week to withdraw the US from the 2015 Paris climate accord sparked criticism from some senior names in the food sector. Further south, JBS, the Brazil-based meat group that has become engulfed in allegations of corruption, announced the appointment of a new chairman who vowed to “regain the trust of our stakeholders”. And J.M. Smucker looked to shore up its cooking oil business with the acquisition of a brand from US peer Conagra Brands.
“We will work hard to restore trust with the market… There is a significant amount of work to be done in order to regain the trust of our stakeholders” – former Procter & Gamble executive Tarek Farahat on his new role as chairman of Brazil-based meat JBS, which has been engulfed in corruption allegations in recent weeks.
Go deeper with GlobalData
“#ParisAgreement = huge economic opportunity. Inaction is existential threat. No turning back. Business must lead” – Unilever CEO Paul Polman takes to Twitter to react to President Trump’s decision to pull the US from the 2015 Paris climate agreement.
“By allowing us to more efficiently use existing supply chain and go-to-market resources, this acquisition will lead to significant cost savings that can further fuel growth and innovation opportunities across the company” – J.M. Smucker CEO Mark Smucker explains why the US group has snapped up the Wesson cooking oil brand from Conagra Brands.
“Where in the past, many of these markets have trended towards non-dairy creams and spreads, we’re seeing a real desire for natural dairy in both food preparation and at the table. And while the foodservice aspects are important, it is the latter that is really exciting – consumers actively choosing to incorporate more dairy into their daily diets” – Robert Spurway, chief operating officer for global operations at Fonterra, reflects on why the New Zealand dairy group is investing in the production of on-the-go dairy products in order to meet growing demand from China and other Asian markets.
“Voluntary fortification of packaged foods can play a positive role in improving public health and fill the gaps of the nutritional requirements” – Pawan Agarwal, the CEO of The Food Safety and Standard Authority of India, talks to just-food about the India food regulator’s plan to extend guidelines on fortification to other categories.
“This move will help the Polish meat industry become more competitive across European and international markets” – Kenneth Sullivan, the president and CEO of Smithfield Foods, sees the US group’s acquisition of the Pini Group’s packaged meats companies in Poland benefiting the country’s industry.
