The election of Donald Trump as President of the United States shook the world and, as we moved through the week, some business leaders started to react to the news.
“I had to answer a lot of questions, from my daughters, from my employees, they were all in mourning. Our employees are all crying, and the question that they are asking, especially those that are not white: ‘Are we safe?’ Women are asking, ‘Are we safe?’ LGBT people are asking, ‘Are we safe?’ I never thought I’d have had to answer those questions” – speaking at a conference held by The New York Times in Manhattan on Thursday (10 November), PepsiCo chairman and CEO Indra Nooyi reflects on the election of Donald Trump as the next President of the United States.
“The devaluation of sterling represents a major opportunity it seems to me for food producers, and for that matter, UK agriculture. A number of our businesses we think will certainly do well from exports” – Associated British Foods finance director John Bason speaks to just-food about the impact Brexit could have on the UK-based food and ingredients group.
“Basically, it is a bold strategy that sets out to make a strong company even stronger – hence Forward. 4WD stems from a desire to change Danish Crown from what I would call a solid, rear-wheel drive estate – which drives extremely well on asphalted roads – into a four-wheel drive, all-terrain vehicle that moves in exactly the direction we want it to in our efforts to make it the preferred business partner for our customers” – Danish Crown CEO Jais Valeur explains why the meat co-op have called its five-year strategy for growth 4WD, which the company says can – and should – be read as both “Forward” and “Four-wheel Drive”.
“This is an important moment in global political and economic history, and we absolutely must come together to solve the immense challenges facing the planet. Climate change, water scarcity and deforestation are serious threats to society. It is imperative that global businesses, like Mars, do their part to face down those threats,” – Barry Parkin, Mars Inc’s chief sustainability officer, calls on the business community and global leaders to take action on climate change.
“After careful analysis and consideration, we determined it is most efficient to redistribute production to other bakeries in our system to better meet market demand” – Wayne Sager, vice-president for region operations at Bimbo Bakeries USA, announces Grupo Bimbo’s plans to close two plants in the US.
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“This is a great achievement for our company as well as for the whole Italian food and beverage industry. Following years of continuous organic growth, such an important acquisition represents an opportunity for us to strengthen our strategic position in Italy and allows us to face international markets from a stronger platform” – Sabelli owner and CEO Simone Mariani on the Italian dairy company’s acquisition of local mozzarella maker Trevisanalat from private-equity group Alto Partners.
“The government has taken a significant step in demonstrating their commitment to supply management, and to the continued innovation and growth of Canada’s dairy sector. However, in order to ensure the continued sustainability and viability of supply management, there is still work to be done and the government has a significant role to play” – Wally Smith, president of industry body Dairy Farmers of Canada, on the Canadian government’s announcement of plans to invest CAD350m to support the sector ahead of the Canada–European Union Comprehensive Economic and Trade Agreement (CETA) coming into force.
“I would like to thank Rik and Alan for their years of service and wish them well in their future endeavours. The company has gone through a significant amount of change in a relatively short period of time and they were tireless in their efforts to provide a strategic vision, keep the company on track to meet its stated mid-term targets, while also playing key roles in a review process to produce an outcome that could benefit all of the company’s stakeholders” – SunOpta director Dean Hollis announces the departure of CEO Rik Jacobs and chairman Alan Murray as the Canada-based group outlined how it plans to improve its performance.
“I am extremely pleased with our third-quarter results, which reflect the strongest volume performance we’ve seen in years, a disciplined go-to-market strategy and continued focus on reducing costs. Our entire organisation is focused on executing our strategic plan, and you see that in our results” – Dean Foods CEO Greg Tanner praises the US dairy business after the company reported lower third-quarter sales and earnings but indicated its underlying results had improved.
“GMB members feel that they have been backed in to a corner and are faced with no other option than to strike and I really must stress that this is the last resort for our members” – Ben Kirkham, an organiser at UK trade union the GMB, on the decision by staff at Tangerine Confectionery to embark on industrial action this week.